The Financial Hierarchy of Needs
•
1 like•1,067 views
We have all been taught from a young age to distinguish between our "Needs" and our "Wants." This diagram establishes a hierarchy of financial needs relevant to all of us.
Recommended
More Related Content
Viewers also liked
Similar to The Financial Hierarchy of Needs
Similar to The Financial Hierarchy of Needs (20)
More from Shannon Boschy
More from Shannon Boschy (9)
Recently uploaded
Recently uploaded (20)
The Financial Hierarchy of Needs
- 1. Financial Hierarchy of Needs Dr. Maslow developed a “hierarchy of needs” with self-actualization at its peak – the becoming of everything that one is capable of becoming. When applied to your financial situation, finding your place in the financial hierarchy of needs means asking yourself some basic questions like: How much money do you need to survive? What if everything doesn’t work out as you hoped and imagined it would? Does your present financial situation enhance your quality of life? In order to get to the peak in the pyramid below, many basic needs have to be taken care of first, but this exercise can help provide a clear picture of where you want to go and how to get there. Financial hierarchy of needs Source: Advisor insights, inc. – mitch anthony Money for the things you’ve dreamed of being, doing and having. Money for people and causes you care deeply about. Money to do all of the things that bring enjoyment and fulfillment to your life. Money you must have to meet life’s unexpected turns. Money you have to have to make ends meet. SHANNON BOSCHY BFA, CFP Mutual Funds Representative, Financial Security Advisor Investors Group Financial Services Inc. Financial Services Firm Tel: (613) 282-5370 Shannon.Boschy@investorsgroup.com Insurance products and services distributed through I.G. Insurance Services Inc. Insurance license sponsored by The Great-West Life Assurance Company. Written and published by Investors Group as a general source of information only. Not intended as a solicitation to buy or sell specific investments, or to provide tax, legal or investment advice. Seek advice on your specific circumstances from an Investors Group Consultant. Trademarks, including Investors Group, are owned by IGM Financial Inc. and licensed to its subsidiary corporations. © Investors Group Inc. 2010 MP1556 (05/2010) dream money gift money freedom money safety money s u rv i va l m o n e y