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JOURNALING BUILDS INSIGHT and MINDFULNESS

3x3 Journaling Builds InsightHave you ever thought you needed a body double so you could get everything done? Maybe your thoughts and actions are too scattered. Starting a journal may help. Journaling builds insight and mindfulness. This simple tool is highly productive, only requiring paper and a pen. You will deepen your connection with what is most important to you when writing your thoughts on paper. You may find it easier to think about strategies, visualize a solution and create new pathways for creative thinking.

Sometimes the process of slowing down to reflect and review your thoughts results in a deeper capacity for innovation and more forward thinking. A person’s mind can have up to 60,000 thoughts during the day. Mobile devices push us to make even more teeny-tiny decisions each hour. When writing, most people can only process about one hundred words per minute, so any thoughts recorded on paper have a higher percentage of “sticking” or being remembered.

Journaling can be free form; it can be doodles that mean something to you or your thoughts can be directed toward a particular problem or challenge. Some people carry a journal with them at all times and jot down inspiring ideas as they pop up during the day. Others may end the day with 10 minutes of quiet, introspective thoughts. There is no wrong or right way; each person is unique. The primary challenge for many individuals is to be consistent. Giving yourself permission to take 5-30 minutes to sit quietly and put your thoughts in order sounds like a huge chunk of time for many, but when compared to the 24 hours given to us each day, it isn’t that much time at all!

Journaling builds insight into why you act the way you do and can aid you in changing your perspective on people around you, your job and your life goals. Journaling builds mindfulness as you delve into the emotional side of your life and then look at your problems more objectively to make proactive, intentional actions that will make your life better.

Go ahead; purchase a small spiral notebook or a fancy leather bound book. Both will work just fine. Put that pen or pencil to paper & give yourself a chance. Let journaling build your insight and mindfulness!

~Bob

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SMALL STEPS TO SUCCESS

3x3 Baby Steps to Success

Small Steps to Success: Large dreams are often extinguished by the sheer size of the goal along with a lot of self-doubts, but using small steps to success each day, will ensure you of getting closer to your dreams day by day.

Two simple tools for moving forward are:
1. Setting intentions with a strategic plan
2. Making small consistent actions each day that will move you to the goal

Sometimes big goals or life destinations can be a bit overwhelming. Know where you are right now! Determine where you want to be and breakdown that monstrous goal into smaller chunks. Breaking the bigger picture into small steps to success allows you to create small “wins” each week and will increase your confidence to tackle the next step in your journey.

There are so many possibilities for reaching your goal that sometimes people can’t even begin. When faced with this decision-making paralysis, many people quit before they start. Small, easy steps each day will have more impact than a few “big leaps.” So you want to save $20,000 for a down payment on a house.

Here are a few scenarios to achieve this:
Step1: Put all your pocket change in a jar to start your savings account. Once you have $100, you open an account at the bank.
Step 2: Set up an auto draft within your checking account to take $10 per paycheck or $5 per week from checking into your new savings account. You have now created a new positive habit without a colossal amount of pain.
Step 3: If you get a bonus check, deposit that into your savings. If you get a tax refund, deposit that into your savings. If you are still saving the change, start adding all the $1 bills left in your wallet into the jar each night – deposit when the jar is full.
Step 4: After six months, increase your auto draft to $15 per paycheck; you have gotten more comfortable with the fact that you are not punishing yourself by saving — you are reallocating your money in a new direction.

Small steps to success with a proactive plan will put you into a new home before you know it. Now plug in your big goal and develop your step-by-step plan today!

Bob

Ready to learn more proactive tips? Let me know what questions or comments you have:

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PAY DOWN CREDIT OR SAVE?

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One of the most asked questions I get is: Do I Pay down credit or save? I say do both at the same time!

If a lower income is the cause and you hate your job, find your passion and work in that field. If you don’t have skills, take classes. While the classes may have a cost, the benefits often generate higher income. Just like a game of Monopoly, when you circle around the block each month, you can pick up that extra money!

If you hate being broke, start saving. If you are unhappy with your debt, make a plan to pay it down while curbing spending. What is working for you and what isn’t? Start creating your financial freedom now, even if it’s scary or feels too big.  Making proactive choices is the way to begin heading in a new direction.

Financial security may feel like it is unattainable, but you may need to change your perspective. The cure for being financially overwhelmed is persistence and knowledge. Want to know the best way to a robust savings account? It is one step at a time! Pay down credit on your lowest balance and then start saving ten dollars per paycheck knowing that, over time the account balance will add up to a significant sum. In that way, you can create a new habit that is not painful and creates more wealth.

Surround yourself with books and people that provide financial advice or go online to reputable sites. If you are more comfortable with personal interaction, try to find a personal friend or colleague who excels in your area of weakness, then schedule a time to have coffee with them, and seek their advice.

Financial stability may not happen overnight. Setting goals starts the journey, and you may find the distance to realign your life is closer than you thought. Just put one foot in front of the other and get moving! Pay down your credit AND Save.

Step by Step!

(image available as a screen saver at http://www.hasbro.com/en-us/media/monopoly-money-screen-saver:D4496164-19B9-F369-10B8-4A25863AC342)

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WHY WORRY ABOUT MY CREDIT SCORE?

A Snapshot of Your MoneyWhy Worry About My Credit Score?

Why should anyone worry about a credit score? I know many people who think that worrying about raising a credit score is so “Old School.” Many people think if they have a cell phone, pay their rent and lease a car, they must have “good” credit, but there is much more to this story!
Almost 49% of people polled don’t realize that a credit score measures credit risk. Do you know how a score affects your life? Do you know how to read a credit report? Why worry about my credit score? One reason: It is your responsibility to manage your credit, understand your credit score and know what’s being documented by businesses and institutions.

Your credit score is unique, much like your fingerprint. It identifies your risk & financial health and follows you everywhere. In fact, your credit score can fluctuate daily without you doing anything. Creditors report their data about you at different times during the month and depending on the data added to your report; your score will go up or down.  It is not an exact science, and each credit company has its own scoring models that can differ from each one. So you could have a different score on Experian, Transunion, and Equifax. You can check your credit score here: https://www.creditkarma.com/

Thus, it is critical to worry about your credit score and check the pulse of your credit situation every six months or at least annually. You need to have good credit to function in the world. Contrary to many “quick-fixes” you may read about, the best way of increasing your credit score is good payment behavior over time and a healthy mix of credit types.

Here are a few things that your credit score determines:
•    What kind of insurance rates you can receive
•    If you can qualify for a home mortgage and at what rate
•    Whether or not particular companies will hire you
•    If you are eligible for an auto loan and at what rate
•    What credit cards you can qualify for and if you will receive special rates or travel perks

Makes sense to schedule a summer check-up of your credit health today! Why worry about your credit score? It could save you tens of thousand of dollars when purchasing a home and getting the best credit cards with the most generous benefits!

Stay green, my friends!

~Bob

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Create New Habits Today

3x3-TMN-Break Chain of DebtAre you still living with an old story you tell yourself – or is it time to create new habits? Start today to intentionally listen, analyze and make changes in your vocabulary.

You may say, “I’m broke; I never seem to get ahead.” Maybe you can explore a new way of thinking and say, “I’m broke; I wonder why I always feel that way.” Take back your power to choose. Envision what you want to spend your money on and state how you might make some changes.

Without blaming yourself, you can create new habits by stating what is actually happening in your daily decisions. For example: “I’m broke because I chose not to save any money this week.”

This gives you the opportunity to be curious, be aware of current actions and think about other choices you’d prefer to make. Hmm…. “It’s interesting to see how and where I’m spending my money. I’d like to find ways to shift some of my dollars this week toward my dreams.”

So instead of repeating, “I’m broke”… Try these: “I am going to make positive choices with my money. I want to consciously choose where I want my income to go, instead of drifting with old habits and being unhappy at the end of the month.” For example, if you like having nice clothes and the trendiest shoes, but have no money in the bank and are ready to make a change – you can begin to choose a new way of talking to yourself.

Try this on for size: “I want nice clothes and I want money in the bank. I will choose to wait and buy the shoes when they go on sale and will put the difference in price in the bank.” Or maybe you decide, “I like nice clothes and I have trouble telling myself no, so I will put $25 in the bank each week before I go to the mall!” Now you are choosing to say “yes!”

Yes to change.

        Yes to new possibilities

                 Yes to conscious choices! That’s a great way to be “stepping-out!”

~Bob