Updated January 2019

When I first created My Journey to Millions 10 years ago, I was a newlywed with a fair amount of consumer debt and unsure financial path.  The site was created to keep myself accountable to anyone that may stumble upon it that I was going to make intentional choices to increase my net worth.

Mission, Vision and Values

Creating a Mission, Vision and Value statement provides companies with a framework of how to operate.  The Society of Human Resource Management provides a pretty good outline of the concept,

A mission statement explains the company’s (or department’s) reason for existence. It describes the company (or department), what it does and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders. The mission can change to reflect a company’s (or department’s) priorities and methods to accomplish its vision.

A vision statement describes the organization as it would appear in a future successful state. When developing a vision statement, try to answer this question: If the organization were to achieve all of its strategic goals, what would it look like 10 years from now? An effective vision statement is inspirational and aspirational. It creates a mental image of the future state that the organization wishes to achieve. A vision statement should challenge and inspire employees.

A values statement describes what the organization believes in and how it will behave. Not all organizations create or are able to uphold a values statement. In a values-led company, the values create a moral compass for the company and its employees. This compass guides decision-making and establishes a standard that actions can be assessed against. A values statement defines the deeply held beliefs and principles of the organizational culture. These core values are an internalized framework that is shared and acted on by leadership.

It isn’t natural to think in these terms when it comes to your personal finance world, but I think there is value in doing the exercise.

My Vision

From Liquid Planning

  • A vision statement describes what you want to achieve in the future.
  • The vision statement answers the question “Where do I want to be?”
  • It defines the optimal desired future state—the mental picture—of what you want to achieve over time, say in five, ten or more years.
  • It inspires you to give your best and shapes your understanding of why you are doing what you do.

If I were to create an audacious goal for the next 3 to 5 years (2022 to 2024) it would be to have at least 7 figures on the asset side of the balance sheet.  I don’t think it would be realistic to have a net worth of 7 figures in 3 to 5 years, but I think I can do it on the gross side.

My audacious goal for 7 to 10 years (2024 to 2027) it would be that The Wife and I are financial free.  I don’t ever see myself “retiring early” but rather the idea that I don’t need a particular job is extremely appealing to me!

My Mission

From Liquid Planning,

  • A mission statement describes what you want now and how you will achieve your long term aspiration.
  • A mission statement does not define a long term future state but is more concerned with the present state. It answers the questions of: “What do I do?”, “How do I do it?”, “Who do I do it for?”, “What makes me different”, and “What is the benefit?”
  • It talks about the present leading to the future, and how you will get to where you want to be.

My mission is to make good, and intentional, financial decisions while working as hard as I can without risking too much quality time with my family and friends.

My Values

Discussing “values” deals with the how.  How am I going to make good and intentional financial decisions while being honest about my personal guardrails.  My personal guardrails are:

  • Family time
  • Reputation
  • Autonomy

I do not want to sacrifice any of those guiding principals in an effort to push my mission and vision.

A Little bit More about Evan

I am happily married with 2 awesome kids.  My son is 8 and my daughter is 4.  In addition to running this tiny blog, I have a private law practice that focuses on estate planning and work full time in the financial industry.