Why your 'purpose' is crucial to attaining financial goals

Jordan Grumet, author of "The Purpose Code: How to Unlock Meaning, Maximize Happiness, and Leave a Lasting Legacy" and host of the "Earn & Invest" Podcast, joins Wealth! offer a transformative perspective on achieving financial goals.

"I think the problem is we use financial goals, and that's how we start goal setting, but I think we have to think about purpose first," Grumet emphasizes. He argues that focusing on purpose provides "a greater sense" of happiness and control over one's objectives.

Grumet advises individuals to start by understanding their 'why', noting that "purpose is abundant—there are a million things we can enjoy doing, but money isn't always abundant. Sometimes it's scarce." When financial resources are limited, he encourages exploring alternative tools like relationships, youth, knowledge, and personal connections.

"It's all about what's important to us. What is that tool of money supposed to actually do for us?" Grumet adds, challenging individuals to look beyond monetary metrics and consider the deeper meaning behind their financial aspirations.

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This post was written by Angel Smith