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Put the Cold Freeze On Shopaholic Spending

 

Put the cold freeze on shopaholic spending!

This is a challenge for all of us who battle overspending on the latest trends:

You May Say

I really want to own a home, not just an ordinary home – but a gorgeous one that I LOVE! But with a credit card in your wallet that has a growing balance, it won’t happen. Making small changes to your spending habits will free up more cash to invest in your bigger life goals. Owning a home is more important than having every color of the newest designer shoe or “tricking out” your 1969 Dodge Charger.

Fear Can Hold You Captive

If the only thing keeping you from cutting up your credit cards is fear that you might desperately need them in an emergency, this tip is for you. Using credit cards to manage your daily budget can quickly lead to high monthly bills – with little cash in the bank. Making minimum payments maintains your credit standing, but will never make a dent in the outstanding balance. This habit is one of the universal recipes for long-term debt.

Deep Freeze Technique

Here’s a simple solution! Fill a large container half full with water, and put it in the freezer. Wait twenty-four hours, put your credit cards in there, fill it up with water, and place it back in. The result? A giant ice cube with credit cards stuck in the middle. The benefit? You have set yourself up to be more intentional with your financial choices. And, you still have your cards in the event of an emergency. You have put the cold freeze on shopaholic spending!

Plastic vs. Cash

Many Americans are spending far too much of their “perceived money” with credit cards. When you use the cards for unnecessary purchases, your shopaholic spending habit places more value on “wants” rather than long term needs. Put your money to work for value-based decisions. You need to add a saving habit, and lower card balances to ensure that you can handle costly emergencies. That’s why this easy concept works. Instead of cutting up our “plastic,” you put the cold freeze on those cards.

By freezing credit cards, you still have a line of credit, but it’s harder to use.
The best part: It’s an ingenious and effective psychological trick to get yourself out of the plastic mentality.

Now, emotions aren’t driving your spending habits. You are making a conscious choice to manage your money.

Instant Willpower

Freezing several lines of credit gives you instant willpower, even when you are blindsided by emotional impulses. Now, if you feel the urge to use credit, you have to wait until the ice melts. Hopefully, during that time you may come to your senses and realize you don’t need one more “widget.”

Try it! Let me know how it goes.

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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!

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Setting Your Financial Mindset, Five Ideas for Drastic Change

The Money nerve

Setting Your Financial Mindset

Money is a part of our lives, we all plan how to spend it, and we all plan to save it!

Today, we look at some fiscal challenges and offer tools for setting your financial mindset. Emotions and old habits can rule your decisions about money. Here are some challenges people have in managing their money and a few suggestions for shifting toward a new “money” mindset.

See if these issues sound familiar:

1. I Don’t Have Enough Money

2. I Will Never Get Ahead

3. I Don’t Plan; The World Will Bring Me Good Fortune

4. It’s Not My Fault; Nobody Taught Me

5. I Don’t Have Time to Budget

It is easy to drift on an endless journey when you have no plan, goal or destination. When you are ambiguous about the direction you want to go, cruising on autopilot will never result in the “real-life” successes you dream about.

Five ideas for making drastic change and setting your financial mindset:

Enough Money

Before you can determine whether or not you have enough money, you will need to know how much money you make. Many people will use their full salary to plan their expenses, but forget to consider taxes and social security deductions. Under-estimate the money coming in and over-estimate your spending.

Never Get Ahead

Focus on positive choices each month, and eliminate the resignation and depression that come from reacting to financial headaches. Choose how you want to delegate your dollars. Change the way you view money by thinking of money as a choice, not a dictator, in life. If you have $100, you have the power to delegate a third for saving, a third for eating lunch out 2 or 3 times and a third for bills.

The World Will Bring Me Good Fortune

Well, I am a firm believer in sending out positive vibes and seeing that energy coming back my way. However, I also know that when I have an action plan to support that attitude, I am more successful. It is no suprise that the people who plan their days and work the plan seem to luckier than everyone else! Set aside five minutes to write down the main focus for your day or your week, and set yourself up to your best advantage. No one can help you better than YOU CAN!

It’s Not My Fault

Take a good look in the mirror, you are the CEO of your life. Take a truthful look at your assets and your bad habits. Explore where you can make small changes that will move your life toward a more abundant mindset. Making intentional choices creates a feeling of independence and eliminates the need to blame others. Every choice you made in the last five years resulted in where you are today. If you are not happy with your life, snap out of the routine of non-decision-making. Begin making new choices that will give life to the dreams and goals you have.

Don’t Have Time to Budget

People are so busy, being busy, that they often mistake insignificant activity as being more valuable than a scheduled chunk of time for planning. It’s a bit of a paradox, but setting aside 30 minutes a month to review your finances and make a plan for the next month, can actually save you time and money. Just jotting down your monthly bills on an index card and slipping it your wallet, will help you stay on track. Dividing your spendable dollars into envelopes is another good idea for seeing where money flows.

We all have the opportunity to create the life we dream of, it takes a little faith, a plan and choices to make it happen. A goal is merely a dream with a deadline. Go for it!

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Unconscious Choices: Time To Stop

Unconscious Choices

Stop Making Unconscious Choices

Do you ever try to juggle payments on numerous credit cards to stay afloat? Is it an unconscious choice to constantly transfer money back and forth to pay bills?

Do you free up expenses on one credit card so you can charge more on another card? Do  you “need” a new pair of running shoes? Have you made a payment on a credit card, crossed your fingers, and hoped your paycheck would be deposited in time to cover the check?

If you have too many things going on financially, make time to stop. Take a deep breath. Your unconscious choices are wreaking havoc with your financial journey.  Become more aware of your actions and begin to focus on streamlining your life. You cannot keep all this mumbo-jumbo going on and ever expect to reach your dream destination!

Slow Down to Make Conscious Choices

Unconscious choices create an “auto-pilot mentality.” This happens when people fall back on old habits, and make choices without thinking.Determine where you are today, and where you want to go tomorrow. As a result, you can make better decisions moving forward. Set up a proactive plan and use conscious choices to reach fiscal goals.

One unusual tool to get out of this cycle is to freeze your credit cards. Once you have a place to live, enough money for food and access to transportation, most other “things” are “wants.” If most purchases are for entertainment, fine dining, clothes and extra things you could live without. Stop! Freeze Your Credit Cards!

Cool Down Your Emotional Impulses

Take all the credit cards you have maxed out, and put them in a container. Fill it with water and place in your freezer. Many people buy more impulsively when using credit cards, which results in purchasing tons of unnecessary items. Since your cards are in the “deep freeze,” you must thaw the cards out to use. As a result of waiting, the unconscious urge to splurge will pass.

Create A New Mental Map

 Maybe your current mental map tells you that life cannot be enjoyed without using credit cards. Do you even know what the interest rate is? If you don’t know, you could be paying 20 percent or more on your credit cards. Create a new mental map about money.  Shift your perspective to move toward your financial goals. As a benefit of curbing your expenses, money saved from interest charges could be a down payment on a new car or a romantic trip to Italy.
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New Year, Fresh Start for 2017

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New Year, Fresh Start for 2017! Where Will You Take It?
The party favors and New Year’s Eve champagne are gone. You have a New Year, full of hope and promise, ahead of you! Don’t overthink it or tally up an enormous list that is unachievable. Define a few areas in your life that you would like to improve. The year will be successful as you take the time to slow down, be grateful, and make the right choices.

A new year is not just the party, a boatload of resolutions, and anticipation. The year 2017 will take shape as you reach your goals through thousands of small moments; moments where conscious choice leads to richer, more fulfilling life.

Resolutions are merely thoughts you have written down to guide you to a higher level. You may have some money-motivated ideas, lifestyle goals or educational objectives. Write down a few significant possibilities to determine the small steps that would help you achieve personal success. Four best practices to sustain your resolutions.

What would make your life better? Take some time to think about the future. You can enrich your life with thoughtful intentions, making the most of the opportunities that come your way. Take pleasure from your successes and be flexible, try again when your dreams do not go as perfectly as you planned. Franklin D. Roosevelt said, “Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.”

People are the only living beings on this planet that can visualize a better life in the future. Take this moment to “see” yourself in a new place this coming year and start the journey!

Enjoy this motivational TED Talk from Gilbert Jones (below). He shares how to visualize and incorporate happiness into your life. I hope this will help you to design a prosperous 2017!

Wishing you a joyous, fruitful new year.

Bob

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Seven Spiritual Laws for 2017

3x3-place-in-this-worldToday I would like to share a post from http://www.chopra.com/. I invite you to explore these Seven Spiritual Laws as you formulate your plans and goals for the new year:

Many of us grew up with the belief that achieving success requires relentless hard work, grim determination, and intense ambition. As a result, we may have struggled for years and even reached some of our goals but wound up feeling exhausted, our lives out of balance.

As Deepak Chopra observes in his transformational work, The Seven Spiritual Laws of Success, such desperate striving isn’t necessary or even desirable. In the natural world, creation comes forth with ease. A seed doesn’t struggle to become a tree―it simply unfolds in grace.

The Seven Spiritual Laws are powerful principles you can use to fulfill your deepest desires with effortless joy. If you put them into practice, you’ll realize that you can manifest whatever you’ve been dreaming about.

Fortunately, the laws of success aren’t difficult or mysterious but are easy to understand and apply. There are also many ways for you to learn more about using The Seven Spiritual Laws to attract the life you truly want, and right here is a great place to begin:

Sunday: The Law of Pure Potentiality

Take time to be silent, to just BE. Meditate for 30 minutes twice a day. Silently witness the intelligence within every living thing. Practice non-judgment.

Learn more about The Law of Pure Potentiality 

Monday: The Law of Giving

Today, bring whomever you encounter a gift: a compliment or flower. Gratefully receive gifts. Keep wealth circulating by giving and receiving care, affection, appreciation and love.

Learn more about The Law of Giving

Tuesday: The Law of Karma

Every action generates a force of energy that returns to us in like kind. Choosing actions that bring happiness and success to others ensures the flow of happiness and success to you.

Learn more about The Law of Karma

Wednesday: 
The Law of Least Effort

Accept people, situations, and events as they occur. Take responsibility for your situation and for all events seen as problems. Relinquish the need to defend your point of view.

Learn more about The Law of Least Effort

Thursday: 
The Law of Intention and Desire

Inherent in every intention and desire is the mechanics for its fulfillment. Make a list of desires. Trust that when things don’t seem to go your way, there is a reason.

Learn more about The Law of Intention and Desire

Friday: The Law of Detachment

Allow yourself and others the freedom to be who they are. Do not force solutions—allow solutions to spontaneously emerge. Uncertainty is essential, and your path to freedom.

Learn more about The Law of Detachment

Saturday: The Law of Dharma

Seek your higher Self. Discover your unique talents. Ask yourself how you are best suited to serve humanity. Using your unique talents and serving others brings unlimited bliss and abundance.

 

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Give the Gift of Time

3x3-christmas-starsThis year, Give the Gift of Time!

Choosing to make conscious choices for your money and life may have implications for many aspects of your life. Consider giving the gift of time this year. Create a mental space to listen to your thoughts. Decide how to spend the last ten days of your holiday season, using your goals to give you focus.

Visualize your “perfect” holiday. Maybe it includes parties with friends, spending time with family, or taking the time to express your gratitude. December is such a hectic time of year. Many people feel overwhelmed by obligations presented by school, work, family, and friends. Invest your time in activities that bring you the most value.

Choose which activities you will spend your time on and know that you may miss some parties or invites. Setting boundaries for a successful holiday helps you maintain your sanity, increase your sense of gratefulness and keep your “spirits bright!”

Take that one step further and give the gift of time with those closest to you this month. Listen to your spouse, best friend or family members and notice what is important to them. Investing time with people who are special in your life strengthens your bond with them, creating more meaningful relationships.

When shopping, purchase one item and plan an experience to accompany the gift – instead of buying multiple gifts for everyone. Purchasing a new sweater? Plan a date night to enjoy the new outfit. Have a friend who loves to cook? Wrap up a kitchen gadget and sign up for a cooking class together. Give a gift of time to complete the gift in a box! Many people find that spending time with others reaps greater benefits in the journey of life.

Share some of the activities that your family or circle of friends love to do — and make the holidays extra special every year.

Happy Holiday!

Bob

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FINDING YOUR FINANCIAL GPS

3x3 From A-ZReady to start a NEW PATH?

By setting a financial GPS, you can navigate more efficiently to reach your goals. Using this analogy of traveling through time to reach your next destination is an excellent way to approach your finances. As you journey through life, new opportunities arise, and you have the choice to make changes to hit that next target. Even as you move closer to some of your goals (or destinations) and “things” are on the right track, it is inevitable that roadblocks or challenges will pop up.

When you look at a map or plug a route into your GPS system, you will see numerous roads lead to the same destination. One choice may be the scenic route. Another faster option might be to take the highway, and if you plan several stops to run errands or take in more experiences, your choice might meander a bit – although you have packed more action into your trip. All three choices ultimately lead to the planned location. We must know where we are to make savvy decisions that lead us to the targeted destination

If your only goal is to be rich, your goal may not be specific enough. A financial GPS is no good unless you plug in a dream, a goal or a destination. How can your finances get on board if you do not know where you are going? A grandiose idea such as “being rich” is not a destination. Plugging in a smaller, more strategic financial goals provide you with a meaningful roadmap that brings positive results. You may choose to save $10 per week, freeze the credit cards for one month or save for a big vacation or a home.

Becoming aware of your Money Nerve and exploring what upsets you, helps to redefine your financial GPS. Blindly following the crowd, allowing emotions to rule your decision-making or ignoring money issues – these reactions keep you from attaining your desired financial goals.  Drop old habits that no longer work for your current situation. Stop making choices based on outdated information.

As you recognize your Money Nerve flaring up, take control and empower your financial life. Examine your current lifestyle without blame, make thoughtful changes, and choose proactive actions each day — expand your perspective! Create a life with purpose and a sense of abundance today.

Follow @TheMoneyNerve on Facebook.

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A BETTER LIFE

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A Better Life- Since the beginning of mankind’s existence, people have searched for a way to build a better life. Even in today’s world, with all of our knowledge and a vast amount of wealth and resources, we all still yearn for the best life we can create. It is a universal sense of making our world a better place to be.

What is a better life? Some people say it is enough food, a roof over our heads, education, and the opportunity to better ourselves, and enjoy a balance of work and recreation. Become more proactive by living fully every day; it is imperative to think ahead and plan a rough outline of what is important to you and what you wish to achieve over time.

Many old sayings and fables allude to being organized and making intentional choices with money. Have you ever heard these sayings?

Don’t count your chickens before they are hatched ~ Aesop’s Fables. My modern day translation: Don’t put all your purchases on a credit card when you cannot even make the monthly payment.

A fool and his money are soon parted ~ Thomas Tusser. My modern translation: People who make stupid money decisions soon lose all of their money and become poor.

He who pays the piper calls the tune ~ Unknown. My modern day translation: A person who has the money to pay for services has the right to state how the money should be used and to receive exactly what he or she wants.

Money grows through sheer persistence ~ Japanese proverb. My modern day translation: Slow, steady steps toward improving your money decisions and enriching your live takes thoughtfulness.

A rich man is nothing more than a poor man with money ~ W.C. Fields. My modern day translation: You are who you are, no matter how many dollars are in your pocket

Don’t let making a living prevent you from making a life ~ John Wooden. My modern day translation: Remember what is most important in life; family, friends, respecting and loving others.

A man in debt is so far a slave ~ Ralph Waldo Emerson. My modern day translation: When you allow yourself to owe more money than you can repay, you have lost all control of your day-to-day decisions and can be manipulated by all. You have lost your freedom to live as you wish.

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver ~ Ayn Rand. My modern day translation: You have the power. You can create a better life. Your actions have a direct impact on the results.

If one of these sayings resonates with you; write down and tape it to your mirror. Say it aloud every morning and consciously make daily decisions that lead to a better life!

(photo via http://easyway1234.blogspot.com/2016/05/dont-count-your-chickens-before-they.html)