Philaye Films
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budgeting for your dreams

       We’ve all got big dreams. Many of them are long-term and have long-term financial implications. But we also have a million financial responsibilities in the present.

      How can you successfully budget for your long-term dreams while simultaneously covering your many bills and devoting money to your current enjoyment?

      From both my personal life experiences this 1st post-grad year and my 5 months thus far as a Financial Analyst for Ralph Lauren, I have learned valuable budgeting techniques. The following 4-step dream budgeting process can help you balance the dreamer and realist in you, to accomplish all of your dream objectives!



Step 1: Being realistic to spark your imagination

Covering your bills immediately places limitations upon your money available to spend on current enjoyment and big future dreams. At first, the tough sacrifices hurt. There’s always more stuff that we wish we could afford, so having to make tough choices between things we love sucks.

However, addressing the truth is the first step towards tapping into your innate power. Once you accept and feel that your back is against the wall, your mind begins to explore its depths to create miracles. Money is an obstacle, not a limitation. Your mind is your greatest weapon with which to expand your horizons. Its ability to align with your soul/God/the universe is applicable to all areas of your life— including money.


Step 2: Taking smart risks

Spend your money (smartly). Your dreams require more than just frugality and saving; they also require very intentional spending every step of the way. Life will require you to take continuous leaps of faith towards your dreams if you wish to later reap rewards.

While it is imperative that you save, don’t sit stagnantly during the wait. Catapult yourself closer towards your goals in ways that scare you. Buy that expensive piece of vital equipment. Commit yourself to something that you aren’t completely sure you can afford, but know will pay off in the long run. Work these risks into your budget, and put that healthy pressure on yourself to make more money appear.


Step 3: Acting like you’ve got more

You can’t take a leap and buy that expensive piece of equipment that your dreams require if you literally don’t have the funds. This is where credit cards, loans, etc. come in.

Yes, it’s not good to constantly spend money that you don’t have; it catches up to you. However, taking smart risks often requires you to spend money you don’t have in the present. Trusting yourself to not accumulate debt from using credit cards or loans is certainly a leap of faith. Nevertheless, people who achieve their dreams are those willing to bet on themselves. Acting as if you have more money than you do in the moment is the most defiant act of self-confidence— the confidence that you can create your dream reality.


Final Step: Expecting multiple streams of income

The beautiful thing is that your revenue is never as limited as it appears, so begin to expect increases to your income sources. This mental expectation prompts you to allocate your current spending strategically, to actually bring about more streams of income.

When you treat all of your expenses as assets, your budget becomes a strategic masterpiece. You act like you’ve got more money and buy that property with a loan because you have already set your mind to flipping it into income in due time. Expecting your progression towards not only your dreams, but also higher financial security, helps complete your process of tapping into your innermost power to create your dream life. What future income sources do you expect? What dreams do you expect to achieve?