Wednesday, March 15, 2006

Answering Jane's Mission Statement Question

Answering Jane's Mission Statement Question

Hi! I was delighted to read an intelligent question by Jane Wong on my last posting concerning the importance of writing a Mission Statement.

In response to my assertion that if a person wants to manage his or her money and time well, it is vital to have a sense of purpose and vision, Jane asked a very probing question.

Before I get to that, to help you make sense of the issue being discussed, here's what I wrote yesterday:

The best way to detect those very unique things is to take the time to construct a personal mission statement.

For those who already know this, but who haven't quite figured out how to go about putting together such a powerful, life-altering statement, I've written a Special Report entitled How to Craft Your Very Own Mission Statement.

Now comes the part Jane wrote: "I believe constructing a personal mission statement helps us not to get distracted. Therefore, we will be able to manage our money and time more effectively. However, don't you think to manage our money and our time well, we need more than a personal mission statement?"

Jane's absolutely right!

A great deal more than just a mission statement is required to manage those two very important dimensions of life.

But at the same time, I will also say that a good way to think about this situation is to imagine the not uncommon eventuality of having to drive from your home town to a specific building in an unfamiliar big city two hundred miles away.

In any such venture, obviously having a road map would be helpful in getting to your destination! Well, in our personal journeys through life, well-written personal mission statements can play the role of such vital road maps.

But even after you put together your mission statement, you're not going to magically materialise at your destination. Star Trek-type transporter technology simply isn't here yet!

So, you'll still need to do the hard work of driving several hours from your home to your destination. You don't need my help explaining the intricacies of driving, but just in case you want specific help in managing your money better, you're welcome to read these financial planning articles. And if you'd like some help in managing your time better, please read these time management ones.

Finally, for those who honestly reckon they could use clear, simple instructions on how to go about putting together an appropriate 'map', then you're welcome to check out the Special Report How to Craft Your Very Own Mission Statement.

Till next time... ciao!

Take care.

Warmest regards,


Rajen Devadason is CEO of RD Book Projects and its sister company RD WealthCreation Sdn Bhd. He lives in sunny, peaceful Malaysia with his gorgeous wife Rachel. He's a Malaysian Securities Commission-licensed financial planner, a life planning consultant, a professional speaker and a serial author... which probably explains why he's so exhausted! Some of his books are available here.


Blogger Steve Mertz said...

Good point Rajen and you as well Jane. I have found that if you can develop an "elevator speech" it helps claify your financial journey. For example Rajen might say: When I'm ready to watch the waves all day my stock portfolio will generate $10,000 a month in dividends! Sweet :)

Thursday, March 16, 2006 2:58:00 AM  
Blogger Rajen Devadason said...

Dear Steve,

Thanks for your comment. Your suggested target of passive cashflow into my life sounds like a plan! Thanks and take care.

Warmest regards,


Thursday, March 16, 2006 4:56:00 PM  

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