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Raise Your Credit Score

Raise Your Credit Score

Raise your credit score for better interest rates and easy lending from banks and financial institutions.
If you have never checked on your credit score, it is now easier than ever to see how you rate when lenders are looking at your financial record. Your credit score is based on your financial history in your credit record with all activity, both good and bad, influencing your score.

Three easy tips for maintaining or raising your credit score:

Pay off debt

Okay, I understand! That sounds much easier to say, but you can do it! I advise my clients to look at all of their credit card balances and pick the smallest debt. Changing your habits with small steps and small wins will increase your confidence and give you a chance to pat yourself on the back for a successful step toward financial health. Pay off the smallest debt and then tackle the next lowest bill. It is so gratifying to know one account has been paid off and with each paycheck, you whittle down more debt without intense emotional pain.

Keep low balances on bank-issued credit cards and revolving credit cards

According to Nerd Wallet, in 2016, the average U.S. household had nearly $17,000 in credit card debt. You are not alone. But you can reduce that debt. Pick one of your accounts and be sure to pay more than the minimum balance each month. Get one card down to a reasonable amount and then lower the balance on another card.
Not able to pay more than the minimum? It might be time to put those credit cards on ice. Literally! Take all but one of your credit cards, throw them in a container, fill it up with water and DEEP FREEZE those plastic cards. Now you can make payments on the cards each month and get that balance down.

Don’t open an excessive number of credit cards you don’t really need, in an attempt to increase your available credit.

If you have recently established credit, opening up four or five new accounts within two-three years could hurt your credit score, because you don’t have enough of a “track record” for the loan companies to make an educated decision as to your ability to manage your finances. In comparison, when a person has a few credit cards for eleven to fifteen years and later opens several new accounts, it may not have an adverse effect. What is more important than a lot of credit cards is the ability to make payments on time and demonstrate self-discipline in spending activity.

Don’t close several unused credit cards at the same time attempting to raise your credit score.

Positive credit scores are enhanced by a long credit history, so even if your account is not active, keeping an old card in your credit history gives you longevity and counts for about 15% of a FICO score.
A closed account will fall off your credit report sooner than an open one. In most cases, negative credit information will remain on your credit files for seven years from the time the debt first became delinquent. Here’s the good news: Positive credit information can stay on record indefinitely; however, closed accounts in good standing often drop off the credit report within ten years.
You can check your three credit reports for free once a year. 

Here’s a timely bonus that will raise your credit score this year.

Beginning September 15, 2017, the three credit reporting companies will phase in a host of changes that will lower the number of “mixed files,” which often had a negative impact on credit reports of people with similar names, and will update procedural changes aimed at improving the accuracy of these reports.
Find more tips for investing in you!

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Investing In a Volatile Market

Guest Blogger George Diaz

Investing In a Volatile Market

Ever since the election of Donald Trump, markets have been very volatile, hitting record highs one minute, and then experiencing massive selloffs the next. For this reason, it is imperative to know “how and where” when investing in a volatile market.

We are living in turbulent times.

Market volatility should be a reminder to regularly review your investments and make sure you have a diversified investment strategy that matches the overall risk in your portfolio to your personality and goals. Here are some guidelines for you to invest in an unpredictable market.

1. Stand firm: Crises happen on a regular basis and are usually of short duration.

Market crashes can be annoying, but history shows that the stock market has been able to recover from declines and can still offer investors a positive return in the long run.

In fact, in the last 35 years, the market has experienced an average decrease of 14% from highest to lowest during each year, but still had a positive annual return more than 80% of the time.

2. Be at ease with your investments

If you are nervous when the market goes down, you may not have the right investments. Your time horizon, goals and risk tolerance are key factors in ensuring that you have an investment strategy that works for you. Even if your time horizon is long enough to justify an aggressive portfolio, you have to be comfortable with the bumps you will encounter.

However, you should be mindful of not being too conservative, especially if you have a long-term horizon because strategies that are more conservative can not provide the growth potential you need to achieve your goals.

 

Attempting to enter and exit the market can be costly.

3. Do not try to time the market

4. Invest regularly despite volatility

If you invest regularly for months, years and decades, short-term crises will not have a big impact on your bottom line. Instead of trying to judge when to buy and sell based on market conditions, if you take a disciplined approach to investing, you avoid the dangers of market timing. Seize opportunities!

Bear Market Strategies

During a general downturn in financial markets as a result of economic uncertainty, investors rush and seek security in their investments.

There may be some actions to take while the markets are down, to help you have a better position for the long term. These strategies are complex, and you may want to consult a professional before making any investment or tax decisions.

1. Avoid positioning yourself in volatile funds or ETFs of complex nature, even more so during a full correction.

2. Say goodbye to the losers. Now is the right time to do a portfolio cleaning. If these stocks did not perform well in boom times, why would it be any different now?

3. Reduce your stock positions. If the market continues to decline, you will be able to go hunting for undervalued securities, because you will have sufficient liquidity.

4. Buy bonds. Debt securities can be great allies in the midst of bearish gaps in the market.

5. If the stock market continues to move down, try to avoid constant monitoring, as fear will make you anxious and often results in people making hasty decisions about their assets.

6. Taking short positions is one way to make money in a bear market, such as selling futures, betting on declines or helping to reduce your portfolio exposure to the market.

Guest blooger George Diaz writes for finance sites: sobredinero.com and Myfinancialwisdom.com. He can be reached at george@sobredinero.com or via Twitter @sobredinero1

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Does Money Buy True Love?

Money vs Time

Does Money Buy True Love?

My grandparents gave my family so much! We knew they loved us best! We were their only grandchildren. Their money bought TVs, stereos, a vehicle when we turned sixteen – and we loved being spoiled by them. But as children, we never thought to ask “does money buy true love?” When I was a young adult, and my grandparents needed some help around the house, I spent a few days in their yard fixing things up. At the end of the weekend, my grandfather tried to give me a hundred bucks, which I politely refused. My grandparents were very confused and hurt. They felt they needed to pay for everything, all the time. They could not comprehend that I simply wanted to spend time with them because I loved them.

Do you use money to “solve” problems or to make people like you more?

It wasn’t until recently that I realized what my grandparents were really saying with their overly generous attention: “We don’t feel worthy of your love, but if we give you lots of money, will you pretend to love us?” I was taken aback, hurt and saddened by that thought.

Using Money to Mask Insecurity

What I came to understand is that my grandparents grew up feeling insecure and unworthy of attention. The only way they thought they could convince people to love them was through bribery. My grandparents taught my mother the same lesson, which not surprisingly trickled down to my siblings and me. Buying expensive presents, always treating friends or family to meals or providing luxuries that they cannot afford, to make others love you more, isn’t a “real” relationship.  Even though the money was always used for positive experiences to create a loving environment, the cash did not create a bond; it was the act of connecting and caring that cemented the relationship.

Explore the Emotions that Propel You to Use Money in Relationships

Going out to eat, attending special events, and taking your family to Disneyland are all positive things that we do with friends and family because we care about them. However, if the underlying emotion is based on fear and need, it might be time to explore your actions. Are you afraid people won’t like you if you can’t splurge on expensive meals and events? Do you need people to admire you or feel awed and impressed with your generosity?  Is your money serving you well when you “buy” people?

Investigate the emotions that trigger your automatic financial response in relationships.  Check out ways to examine your actions – set aside quiet time to reflect on what’s most important to you or begin to journal. Start making conscious choices that will generate an authentic connection based on love and trust. By cultivating genuine relationships with family and friends, you will construct a lifestyle of proactive abundance, and that makes all the difference in the world!

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Power Up for Positive Change

positive changePower Up for Positive Change!

Training Your Brain for a Successful Mental Shift

Each day, we are given a gift of time. You know that you have 24 hours in a day, so let’s break that down into minutes. There are 1,440 minutes each day to work, play, make a difference in your life and be the person you secretly want to be. You have ample time to power up for positive change!

In fact, it takes about the same amount of time to make an excuse for why you aren’t living the life you desire – as it does to make small positive actions that will become live-changing.

One of the best ways to begin making a mental shift is to quit fighting the old you; those emotionally charged childhood memories, unhealthy habits or self-sabotaging actions don’t serve you well. Divert your attention toward building the newer version of you; Begin to focus on WHERE you want to be and how you WANT to behave. Start right this minute.

Action changes things! Many times people find a new action creates a ripple in a different direction or portion of their life. Ride the energy toward positive change. You can train your mind to be more fit with daily decisions that will directly impact the result you want to achieve. Your goals will define your actions. Write down one goal to get started on the new you.

Here are three tools for creating a healthy mindset and mental attitude:

1) Be Grateful

Look for reasons to be grateful. Take time on a daily or weekly basis to write down why these events, people or experiences fulfilled you and made you thankful. The physical process of writing down your thoughts creates a real change in your brain.

2) Be Mindful

In essence, being mindful is to find or maintain a non-judgmental sense of attention to the present moment. Instead of becoming angry, emulating other’s negative energy or turning inward and focusing on emotions that can consume you, stop! Observe, be “in the moment” and explore all the details around you without relapsing into old habits or reliving emotional drama. When you dredge up old memories, the situation now becomes “all about you.”
Stephen Covey shared a moving story about a dad and his rowdy children on an NYC subway in his book, The Seven Habits of Highly Effective People. It is a fabulous insight into the effects of being mindful – which often results in a paradigm shift.

3) Fake it until you Become It

You can embark on a new adventure or career choice before you have achieved your vision of ultimate perfection. Don’t wait to lose ten pounds to attend a class reunion or feel you must have $500 in the bank before you look for a new job. Began to act the way you dream of being. As you make those subtle changes and actions each day, over time, you can become the person that you were dreaming of being. Just as Popeye boosted his power with spinach to be strong, you can power up for positive change and achieve your vision with intentional choices. Think about this famous Winston Churchill quote, “Continuous effort, not strength or intelligence, is the key to unlocking our potential.” Aim High! You might just make it!

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Time Value of Money

Understanding The Time Value of Money

Today’s guest post is by Gary Forman, founder of the Dollar Stretcher newsletter and website. One of his clients asked Gary:

“Does anyone think that $20,000 will buy a new car forty years from today? Maybe it’s time for an article on the time value of money, accounting for inflation in long term investment plans, and related issues.” ~  Lester

Lester was referring to an article that I had written saying that when you buy something today, you’re agreeing not to buy something more expensive later. And, he’s right. You can’t simply take today’s prices and expect them to be valid for future purchases, especially if you’re looking more than a few years into the future.

The concept of rising prices is only one component of an economic theory called “the time value of money.”

Having money over a period of time is valuable. Money can earn more money. Suppose that you had $100 today and could earn 10% on it. A year from now you’d have $110. In two years $121. So having that $100 is valuable.

Also, I’d rather have $100 today than wait and get it tomorrow. I won’t earn much interest in one day, but it should be worth a little more tomorrow. It’s also safer getting it today. There’s always that possibility, however small, that you won’t get the money tomorrow. By getting it today, you’ve eliminated that risk.

Another area where the time value of money applies is in the area of retirement planning. Suppose that you expect to retire in 20 years. You know that prices will rise before then. But can you estimate by how much?

Rule of 72

A quick and easy way to answer that question is to use the rule of 72. The formula is easy. The number of years in the future times the interest rate you expect equals 72. That’s how long it will take for prices to double.

Let’s do an example. You want to know how long it will take prices to double if inflation is 6%. A little algebra tells us that you divide 72 by 6. Thus, prices will double in 12 years. So if you expect to retire in 20 years and inflation is 6%, prices will be nearly 4 times higher when you retire. ($1 x 2 = $2 in 12 years. That $2 x 2 = $4 the next 12 years. Or 4 times in 24 years)

Suppose that you had $100 today and could earn 10% on it. A year from now you’d have $110. In two years $121. So having that $100 now is valuable. Also, I’d rather have $100 today than wait and get it tomorrow. I won’t earn much interest in one day, but it should be worth a little more tomorrow. It’s also safer getting it today. There’s always that possibility, however small, that you won’t get the money tomorrow. By getting it today, you’ve eliminated that risk.

If you play with the formula, you’ll find that the rate of interest you choose makes a big difference in the results. For instance, 3% inflation would mean that prices would double every 24 years. Quite a difference compared to our first example – going up 4 times in the same amount of time.

You can also use the same formula to calculate how long it will take your money to double in an investment account. For instance, if you’re earning 9% on your investments, it will take 8 years to double. (9 x 8 = 72).

You may want to get more precise than our little formula will allow. For that, you’ll need something called a financial function calculator. It will do a lot more than the time value of money formula, but it’s easy enough to learn how to use it for time value questions. And, they’re not expensive.

Some people will subtract the inflation rate from their investment return to get a “real” rate of return on their retirement savings. For instance, if you earned 8% on the money and inflation was 3%, you’ve really gained 5% in buying power.

Another application for time value of money is when you’re trying to decide which payment plan you’d prefer. What happens if you were told that you could buy a car for $20,000 cash today. Or you could make $400 payments for 60 months. Or you could put $4,000 down and make $375 payments for 48 months.

You could add up all the payments you would make, and that would be a good rough estimate. But you’d get a more precise answer by using a calculator to bring everything back to today’s dollars so that you’d have a fairer comparison.

$1 today is more valuable

Don’t be intimidated by the concept. Just remember that having $1 today is more valuable that having one a year from now. And the same holds true if you’re paying. A dollar that you pay today is more valuable than one that you’ll pay next year.
With an understanding of the time value of money and the ability to use the rule of 72, you can help yourself in a variety of common money situations.

~~~~~~~

Thanks Gary! This article by Gary Foreman originally appeared in The Dollar Stretcher.com.

Gary Foreman is a former financial planner and purchasing manager who founded The Dollar Stretcher.com website and newsletters in 1996. He’s been featured in MSN Money, Yahoo Finance, Fox Business, The Nightly Business Report, US News Money, Credit.com and CreditCards.com. Gary shares his philosophy of money here. You can follow Gary on Twitter or visit Gary Foreman on Google+. Gary is also available for audio, video or print interviews. For more info see his media page.

Time Value of Money Image via weakonomics.com

 

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Money-Savvy Travel Hacks

Money-Savvy Travel Hacks

Everyone deserves an escape from work now and then, and you don’t need to smash your piggy bank to have a good time. Refreshing visions of “getting away” are calling to you. Your vacation demands to be taken! Make the most of your R & R dollars using these money-savvy travel hacks to create an oasis of fun and relaxation. In fact, getting away is one of the best things you can do for your physical and mental health! Check out the healthy benefits of traveling via PositiveHealthWellness.

Plan Ahead

Be proactive and reap the benefits of your hard work without going into debt. Find discount codes for your favorite destination and pre-purchase museum tickets, boat rides or city-saver coupon books ahead of time. You will be amazed at how much money you can save!

Book fixed-cost trips

Explore and select trips that fit the exact dollar amount in your budget. No extra fees & no surprises. Another method for destination selection is to pick a theme. Base your trip on some of your favorite activities. Love wine? Tour a few vineyards or participate in a cooking class seminar. History buffs can find numerous forts and museums across the country while nature lovers have incredible opportunities to hike and bike, enjoying a personal experience in stunning landscapes.

Spectacular Vistas and Memories

Another fabulous way to see America is to take advantage of the breathtaking national and state parks here in the USA. Visit nps.gov to find a national park within driving distance. For even more road trip ideas, visit http://www.visittheusa.com.

Lower Hotel Costs

Travel with friends and family and rent a condo or house. One option is to find smaller independently owned hotels that are not part of a chain. You will often enjoy more personal service and spend less. Tired of high-rise condos with slow elevators and too many people? Investigate AirBNB or Vacation Homes By Owner for spacious digs at much lower prices and the opportunity to have more privacy.

Favorite Destinations

Find the “hot-spot” and stay in the nearest town for bigger savings. For example, you don’t mind driving an extra 20-30 minutes, when traveling to Niagara Falls, book a hotel room in Buffalo, New York – it’s only a 20-minute drive across the border. You can cut your hotel budget in half. Now you have the best of both worlds: you saved saved a ton of money while seeing all of the sights!

Taking an escape from work can be a great stress reliever, provide memorable time with family and friends, and bring a sense of renewal to your life. Reward yourself! Keeping your focus on a healthy relationship with your money while at work or play allows you to make the most of your vacation while taking advantage of smart,  money-savvy travel hacks.  Be sure to follow @themoneynerve on Facebook, Twitter, and Instagram for more travel tips and tools.

Have a great vacation this summer — You deserve it!

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Ready To Invest: Start Today

Ready to Invest- The Money Nerve

Ready to Invest: Start Today

Before you start diving into investments,

let’s look a few ways to be smart with your money.

What is investing? Investing is actually pretty simple; you are essentially putting your money to work for you so that you don’t have to take a second job or work overtime hours to increase your earning potential. There are many different ways to make an investment, such as stocks, bonds, mutual funds or real estate, and they don’t always require a large sum of money to start.

Learn the terminology of investing

Many of the larger investment companies provide a wealth of content to teach beginners the language of investing and share information about the multiple businesses you can invest in, and the various methods to build your nest egg. TIME=MONEY Therefore, the earlier you begin saving and investing, the higher returns you will see compared investing the same amount of money 20 years later. Money creates money and your lump sum will increase exponentially – if you nurture it and let it grow over time. It is tempting to skim the profit off the initial investment, but you will significantly reduce your total gains with that choice.

I was given some sound advice when I was younger, “Don’t invest money that you can’t afford to lose.” Anytime you put your money where outside influences can create an environment where massive gains can be made; you must also be aware that it can result in substantial losses. More volatility can create huge wins, and that “lucky break syndrome” is addictive to many of us. Hence the warning: this is “extra money” that you want to grow without putting your current lifestyle in jeopardy. If a stock loss means you can’t pay your bills, you need to adjust your investment strategy!

Be smart, do some homework. I like to advise people ready to invest in the stock market to select high-value blue-chip companies that pay dividends. Invest in value and don’t treat it as a quick sale. It is a stable place to park your money, and over time the value will continue to grow, building your wealth.

Many Paths to Reach Your Goal

Another option for entering the stock market is to purchase Exchange Traded Funds, also called EFTs. Investing in EFTs is similar to buying stocks, but you are placing your money into funds that track indexes like the NASDAQ-100 Index, S&P 500, Dow Jones, etc. By purchasing a fund that has many stocks in a particular index, you are not trying to “beat the market” you are taking advantage of being “in the market” with a broader range of stocks being traded for a more consistent result. One of the benefits of ETFs is having the broad array of a diversified portfolio with the ease of buying and selling a single stock. You don’t have to wait for the market to close to make changes. As you get more savvy in following the market or electing to make bolder choices, you can purchase ETF shares on margin, short sell shares, or hold for the long term. You can make trades in the stock market as an individual or you can use a stockbroker; each has advantages and disadvantages; just explore your options.

If the stock market is too much of a gamble or too virtual for your budget, then real estate is another option for investing. It is a fact that the world’s population continues to increase, but there will never be more land. You can begin by investing in land or property. If you live in an area that is having significant growth, look for some land nearby that will grow in value as the area expands.

Building Your Tangible Assets

A rental house might be a solid choice; many people do not have the money to buy a home and need to rent. For this reason, owning property can be another option for investing in a tangible asset. If you have saved a substantial amount of money, pay cash for the house, and the monthly rent will pay for the real estate over time. Or when you are ready to invest, place a down payment on a small home and collect a rent that is higher than the mortgage.

Owning smaller property builds your equity without sizable risk because you own the property, make a small amount of profit each month, and can sell this asset if needed. Be sure to open a savings account to cover any expenses such as new appliances or repairs. It is best to keep the cash flow from real estate separate from your personal cash flow. Separate accounts make it easier to track the money flow and calculate the real return (ROI) on your money. As the the property is paid off, you can continue to receive residual income or purchase another piece of property.

Begin With A Simple Plan

There are so many options to build your wealth and these are just a few choices to ponder, once you decide you are ready to invest. Think about your ultimate goal, what you want the money to provide for you and when you might need to use your money, as you grow older. Seek out the good advice of successful financiers. One of my favorites, a brilliant investor is Warren Buffet, and he famously shares his motto, “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”

Explore. Experience. Achieve.

*This post was also published on http://www.mystrategicdollar.com/. It is always a pleasure to work with people who want to help others gain more traction in their journey to create financial freedom. If you are looking for ways to manage your money more effectively, check out my “tools” page and be sure to read Lance’s blogposts at the link above.

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Mental Map for Living in Proactive Abundance

Mental Map-Proactive Abundance

Mental Map for Living in Proactive Abundance

Congratulations! You filed your taxes. But, for whatever reason, you are unhappy. Maybe you paid too much or didn’t get the refund you thought you deserved. Good news! Use this week to make a mental map for living in proactive abundance. You have almost a year to change your financial plans for 2017.

Embrace Your Story

Embrace your story; own your story. Be willing to accept that you might be partially responsible for your current state of affairs. Don’t judge yourself or wallow in self-pity. Pause and make the necessary adjustments to get where you want to be. Whether you want to have millions or invest thousands of dollars, own lots of property, want to save for a Jacuzzi, or stop bouncing checks, you need to acknowledge your goals. After you decide what is relevant for the next year or two, you must make the commitment to go for it.

There are Plenty of Fish in the Sea

When you have a mental map, it is wise to remember that many routes can lead to the same destination. As you confront challenges or obstacles when reaching for your goal, keep in mind that there are alternate means to achieve your result. The ability to remain flexible and take advantage of opportunities that present themselves, benefits your long term vision of success. If your current environment is not generating what you need, it may be time to find a new solution, dream bigger, get a new job or look internally to see where you can make changes. Target that mental vision into a focused strategy and begin panning for gold!

Don’t Be Your Worst Enemy

Many people sabotage their best efforts and have no idea why they do that. Self-sabotage is a reactive emotional choice prompted by old habits. Defining your intentions results in defining the goal. With intentional effort, you now create a mental map for living in proactive abundance. If you look for good things in your life, it is safe to say; you will capitalize on each opportunity that pops up. Trust in yourself – be your best friend. Respect yourself, don’t talk down to yourself. When you honor who you are, you then create an internal dialogue that moves you forward. Taking positive steps on a daily basis will result in a series of “mini-successes” that lead to long-term satisfaction.

Mental Mapping Your Finances

Mental mapping your approach toward finances means rerouting the I-can’t-afford-it mentality. I like the word mapping because we are all on a path. No path leads the wrong way. Are you taking the scenic route to your financial destination? It might take you three times as long to get there, but that doesn’t mean you won’t have a beautiful journey.

Creating a Mental Map for Living in Proactive Abundance

You can create a new mental map about money that will help you move toward your financial goals. Your current mental map might tell you that you can’t enjoy your present lifestyle without using credit cards. You don’t care what the interest rate is. In fact, you may have no clue what the interest is! You could be paying 20 or 30 percent on your credit card. If you curbed your expenses and made small budget changes each week — that credit card interest saved could buy you a new car or fund a trip to Italy. You may find you can have a better life when you stop using credit cards altogether.

 

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Intentional Words Create an Abundant Life

Intentional words create an abundant life!

Words are powerful

Listen to what you are saying to yourself and the world. Now, consciously use words to create a new paradigm. Think before you speak. If you want to change where your life is going, then it’s time to become aware of your internal priorities. It is feasible to live an abundant life regardless of your salary level.

People say, “I need a bigger TV,” or “I need to go to Hawaii.” But these are wants are not needs. They may want those things, yet they can live a full life without a bigger screen or vacation. People need oxygen; they don’t need the newest cell phone upgrade. By prioritizing need over want, many people find that they are more connected to what is valuable to them, and don’t want to waste time or money on the latest gadget advertised by the media.

Once you decide what is important, listen to your words, begin to give yourself more choices, and change your mental map. Your word is your magic wand and the words you speak create your destiny! If you constantly want more or feel overwhelmed by the “things” you have accumulated, you can redefine what “MORE” can be. You will want to expand your vocabulary and choose new words to use.

MORE isn’t always better

Adopt the mantra that MORE isn’t always better. More than enough food may make you heavier and less healthy. More than enough alcohol may consume your budget and your good judgment. More than enough clothes may cause you stress each day when you can’t decide what the “right look” is. And more than enough stuff takes over your life, clutters your house and mental state, and strains your budget when you have to pay to store all your extra stuff! Having less does not mean being poor or restricted. you can live an abundant life thru positive choices.

Create an abundant life where MORE is less

Here are some examples:
More time with friends, less time stressing about work or money.
More options to make life fulfilling, less fear of what others think.
Intentionally selecting actions to complete your life goals, build a more meaningful life and less blame, shame, and frustration.

Choose the Life You Wish to Lead

By choosing what positive choices and changes you want and then directing your energy on those, you spend less time fixating on the negative impulses, purchases, and decisions. Thus, you begin to live each day with the intention of creating an abundant and proactive life, personally and financially.

What words will you use?

Find powerful action words to support a sense of purpose like “I will”  “I can” “My next step is…” Give yourself permission to make conscious choices. Let go of old assumptions and give your life the value it deserves. Start by substituting the word “but” with the word “and.” It opens up your options! Try it, “I really want _____ and I can _____ to achieve that.” You only have one life ~ Live an abundant life and make the most of it!

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Finding Personal Success

Finding Personal Success

Finding Personal Success

Thirty years ago, success was defined as working at one company for a lifetime and being a loyal worker. Today, finding personal success can be found in many ways. Increase your personal viability by searching for opportunities that give you the power to grow. Build your success within an existing organization or seeking new ventures beyond a routine 9-5 job. Additionally, increasing  your skill level often results in an exciting job in an emerging field. Don’t sell yourself short.

As you review any negative inner dialogue, toss away outdated opinions or self defeating ideas that no longer work for you. This helps you redefine up your concept of success. Now it’s time to plan the next steps you need to fulfill your goals. Be positive in order to set yourself up as a winner.  Map out your strategic plan with small bite-sized goals that are fairly easy to achieve. The first thing to remember in your quest to find personal success is to be prepared – there will probably be bumps along the way, along with some frustrating moments. However, you can move past these challenges by being prepared, flexible and learning to maneuver more effectively.

Take a moment to assess your talents, time and budget.

If you are unsure, you can turn around feelings of insecurity:

• Evaluate your social circle
• Surround yourself with like-minded people who support you
• Budget truthfully to know your current financial position

An honest assessment regarding your current situation results in a more successful result.

Every past decision brought you exactly where you are today.

This is where you wanted to be! Every decision you have made led you to this place. Do you like where you are? Does it fulfill the “dream life” you envisioned? If this place in life shocks you, don’t despair, because today is the opportunity to make a change. As a matter of fact, now is the best time to formulate a fresh plan.

This is my favorite part of the equation because this is where you make some Money Magic appear. How do you make this happen? It is totally up to you. YOU control the numbers. YOU define how and where you want to spend your money. YOU set intentions and YOU take action. Therefore, don’t let the media, advertisers, family or friends tell you what YOU want. Take a stand and invest in YOU! I would like to point out that stating what is most important in your life results in a personal and financial roadmap that delivers a genuine outcome.

Reaffirm strategic goals

“I am passionate about ________ and my goal is to someday _________!”

As a result of stating what is meaningful, consistent actions every day result in completing many small goals. Finding your personal success is enhanced by achieving goals consistently. Winning begets winning, and this mental strength becomes a tool for you to build a meaningful, prosperous life – even when detours pop up along the way!

Charting Your Course

Now you are charting your own course with thoughtful intention. As you know, budgets ebb and flow, but continue to invest in your long-term plans. The benefit of planting seeds of intentional, conscious choice are evident when you finally purchase your first home or take that coveted “over the top” European vacation. Living an abundant life becomes a way of life, not just a one-time destination. In fact, now is the time to harvest the rewards!