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Set A New Destination

Are you where you want to be financially? All the steps you have taken in the past have led you right to where you are today!

Now if that’s not where you thought you would be, it may be time for a change. If you are in pain dealing with money and your money nerve is throbbing, you are probably ready for a change. And being open to change, you will find the motivation to create a new path. Determine what motivates you to target a new goal or lifestyle; you can then point yourself in a different direction.

Visualizing the destination you want to reach is a powerful tool for making a mental shift. Before you start on any new journey, you have to know where you are, know where you want to end and decide how you are getting there. Once you have set a destination, it is easier to make adjustments, change the road you travel on or take more time to get there. You are still planning to reach your goal, but allow yourself to be flexible.

Having a visual image of your goal is also called “mental mapping.” Much like reading a road map or setting the GPS in your car, there are many routes that lead to the same destination.

In the same vein, by identifying your current financial position, you can now set your financial GPS to reach your new goal. By creating a path from A to Z, you have built a powerful tool for traveling in the right direction. You may make adjustments, take the scenic route, or even choose another road to get there – but you are always traveling to a specific location. And that makes the trip easier.

It’s possible that the journey may have some roadblocks or detours along the way, slowing you down at times. You may have to take some extra turns or allow more time to get there. Just like a physical roadblock, mental blocks or old habits can hamper your efforts to make financial change.

Are you still juggling numerous credit cards and making a big payment to one card and the bare minimum to all the other credit card companies? Do you only have one card with a balance low enough for you charge stuff? Do you consistently spend your money before your paycheck arrives? Do you make the same choices over and over, without really thinking about why?

Be aware of your surroundings! Whether you are driving on the freeway or you are managing your money, too many roadblocks (unsustainable financial habits) can raise your probability of having an accident. And I guarantee nobody wants that!

Ready for change? Let’s go!
Bob

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You Are Not the Only One

Hi! My name is Bob Wheeler, and I am a certified CPA with my own firm in Los Angeles, California. I’m also the CFO of The Comedy Store. I have been listening to clients talk about their money for over 20 years and have found that many people struggle with their financial decisions. It doesn’t matter where they live, what their profession is or the amount of money they make – most people feel they are the only ones who wrestle with finances.

Not true! If you have ever felt that you are the only one who can’t seem to balance a budget or you “just don’t get it” – you are not the only one!

You can begin to make some conscious choices about how YOU want to allocate your dollars. You can create a better lifestyle for yourself and your family.

One of the best ways to get started is to explore how you spend your money and your time. Take a step back and think about some of the emotionally charged decisions you have made in the past. Did those choices point you in a positive or a negative direction? If you find that a majority of those choices backfired, caused you anger, guilt or financial turmoil, you have the option to shift your focus to make proactive choices. Forming calm or thoughtful choices ahead of time can assist you in channeling your new direction.

Visualize where you want to be financially. By creating this destination or mental image in your imagination, you are now defining some life goals and can take steps to make that mental shift transform into a fresh reality.

In my early days of being a CPA, I found I was often more of a counselor than a “numbers guy.” Listening to my clients opened my eyes to the emotional impact money has on people. The “everyone else has it together” attitude permeated through a vast number of people who came to my office. I learned that a person can’t let their perceptions of what others are doing color their world. Each of us can empower ourselves for a change.

Let’s explore new pathways that will help you define the change you want in your life along with some tools to help you reach your destination. I would like to offer my thoughts and assist you in your journey toward a healthy relationship with your money. I hope you will check in with me each week to learn more.

Today’s tip for building your financial muscle: Know you are not alone; take time to explore past financial decisions to determine which choices worked for you.

Have a great week!
Bob