Posted on

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 Stop making choices based on outdated information.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.

Posted on

SELF-MOTIVATION: find it!

3x3-self-motivation

Self-Motivation? What is it? Embrace it.

The dictionary states:
Self-motivation (noun): Initiative to undertake or continue a task or activity without another’s prodding or supervision.

What’s another word for initiative?  Ambition, Get-Up-and-Go, Enthusiasm, Resourcefulness, and Moxie!

Have you tried to make a change before and didn’t quite succeed? Every time you try again — you will get closer to your goal. Have you ever heard the saying, “Rome wasn’t built in a day”? It is a statement. No blame, no criticism – just a fact. Sometimes, big projects take more time than we think it will. There will be challenges. How can you stay self-motivated over time? Here are a few thoughts to help you find the best path.

Applying that same concept of “building” to yourself means no self-blame and no self-criticism when you begin a project and only make it 75% of the way. Each day presents the opportunity to start again with a fresh action or to use a more innovative way to hit your goals.

When faced with difficult or challenging decisions to make “things” better, most people freeze, become apathetic or just quit. The key to forging ahead is focusing on your key dreams, goals, and sense of what the future holds for you! Use “Baby Steps” to build your world.

When you don’t get what you want the first time; appeal to your inner self to try again.

Want to purchase a new home? Save for retirement? Plan an expensive vacation? What is your next step? Take time to think empowering, expansive thoughts, and make a list. Write it down. Use this personal checklist to knock out the smaller steps that lead to finishing what you started. Fake it until you become it and last: Make a deal with yourself and after you achieve 5 or 10 steps, reward yourself for sticking to it!

You can build that city of dreams into a reality – brick by brick with self-motivation.

My advice: Start Today!

Posted on

Use Imagination to Create a New Reality

Bob Wheeler, Marina del Rey

Your imagination can create a new reality! Now….what you say to yourself on a daily basis? Do you replay old memories of failed attempts in your imagination? Maybe it is time to use your imagination to change negative internal stories to more realistic commentary.

I did not come from an affluent family. My siblings and I often wore hand-me-down clothes, purchased second-hand cars and added water to the ketchup bottle to make it last longer! That is not to say that we were poor. Each of us had chores to do around the house and were given an allowance for completed work. We all held part-time jobs to help pay for a car, fill up the tank with gas, cover our personal spending and assist with the cost of college tuition.

We learned that completing work on time paid off. Diligence and a job well done gives a sense of accomplishment and helped me develop a skill set for achieving bolder dreams.

Review how you look at yourself and how you speak about your life. If you often say, “I really wanted to do this (fill in the blank) ______ but never did,” be curious. Curious about why you haven’t achieved those dreams that are still embedded in your soul. You still have the ability to visualize and change your internal story. Redirecting your energy will benefit your life.

Here’s an example: When I first moved to Los Angeles, I lived with family and friends as I got established. It’s expensive to buy property in LA, so I was pleased when I found a boat to call home in Marina del Rey.

One day, I was walking with a friend who kept making remarks about “those rich people who own boats.” She could not imagine what type of people would have so much money that they would buy a boat or a yacht. I told her, “People like me!” She laughed and thought I was joking. Later, as I sat on the dock of my “home,” I realized that even though we were walking side-by-side, looking at the same landscape, we were miles apart in our mindset. She saw the boats as ridiculously expensive playthings for rich people and I saw them as a fabulous alternative to LA’s high rent and taxes.

Review yourself again and expand your sense of worth. Stop all the old useless comments and memories of who you were. Consciously choose to trust yourself, leave old guilt behind, and celebrate small successes. Move confidently toward your new path and start being aware of how abundant life can be.

When you begin to look for abundance, you will be amazed at the results: mental strength from your proactive choices, gratefulness for the fullness of life, and unexpected places to find good fortune. I challenge you to look for money over the next three days. I bet you will find money lying in the street – just waiting for you to pick it up.

~ Bob

Posted on

Facing Financial Fears

The Money Nerve

83% of Americans have at least one financial fear that keeps them up at night. And not surprising, almost a third worry about retirement and healthcare costs. Most people would rather ignore their nagging concerns and continue suffering in a familiar pattern rather than facing their fear and making a change.

Where are you really?

You can’t get to your ultimate destination if you don’t know your starting point.

The first key to alleviating your fear is to be honest. The more accurate the assessment, the more secure you will be in your position. You might be frustrated, but you will be aware of your financial truth and knowing where the breakdown occurs allows you to fix some of those issues.

Turn your insecurity around:

• Evaluate your social circle.
• Surround yourself with supportive friends.
• Budget truthfully so you know your financial position.

Review your income and expenses, explore where you spend your time and track down hidden costs. When you do these things, it is crucial to be honest with yourself. What do you actually earn? What do you really spend? What do you pretend is not relevant to your budget?

Most people “round up” on their income and “round down” on their expenses. If you want to get ahead and be financially successful, always lower your income estimates and raise your expense estimates. This trick will help give you a cushion for the realities of your inflows and outflows of cash.

The best way to face your financial fears is to create a budget. Having guidelines can bring comfort and structure to your plan. Start small & build your financial muscle over time. Do you have a savings account? Try to put a small percentage or dollar amount with each paycheck. If you get a raise, continue to live on the former salary & put the increase in the bank. That is a painless and highly effective more to build your wealth.

Check some of the tools we have placed HERE to help you jumpstart smart financial choices.

Don’t be scared ~ Be proactive!

Bob