Manhattan Central Park - Imagine MosaicLast year my reverend gave a series of talks on a book he read entitled Twelve Powers in YouThe book describes  physical, spiritual, and emotional aspects of the 12 powers inherent in each of us. Fascinated by these talks, I’ve decided to expand on them through the money perspective that I often see things, being a financial planner.

According to Google, Imagination is the faculty or action of forming ideas, or images or concepts of external objects not present to the senses. It’s also the ability of the mind to be creative or resourceful.

Spiritually, imagination is the ability to manifest materially through your envisioning.

Emotionally (soul), imagination is the ability to envision or dream with our senses, adding feeling to our vision.

Physically, imagination is represented by your thalami. What’s your thalami you ask? According to Google thalamus are either of two masses of gray matter lying between the cerebral hemispheres on either side of the third ventricle, relaying sensory information and acting as a center for pain perception. It’s where we “make sense” of things.

What does imagination have to do with money?

Do you remember that commercial about “your number”? You know the one where the finance company said, “What’s your number?” and “Do you know your number?” That’s a way of saying, how much money do you think you need to retire? Once you’ve come up with your number, which most of us financial advisors would gladly help you do, you have a goal. You begin to imagine what it would be like to reach that number. For many, that’s being a millionaire. People think millionaires have fancy cars, a second home in Florida, and whatever else they’ve attached to the rich feeling of having a million dollars.

Having a number allows you to imagine your goal of retirement coming to fruition. It can also limit you. You may say you need $1 million dollars and find out it’s not enough. That’s why it’s important to imagine the lifestyle you desire and re-evaluate the amount every now and then as your awareness of money grows.