10 Tips to Experiencing a Fulfilling Financial Life
You may have heard the phrase ‘money doesn’t buy happiness,’ and the person who told you that likely had a lot of money. But they aren’t completely wrong.
What’s closer to the truth is – “Having money is not everything, but not having it… is.” Kanye West said that. And while I don’t recommend taking financial advice from a rapper, he’s got a point.
Here’s a tough question for you. If you stopped working today, how long could you survive? And if your spouse passed away – how long can you survive financially?
One of the reasons we see so many women getting into trouble financially is because they are not prepared. And if a financial crisis were to hit them – 1: they would have to deal with the immediate emotional pain and loss. And 2: they’re now expected to manage money they never managed before. Oftentimes women don’t know how to do that, and that’s why there needs to be a shift in our mindset.
So, what can we do?
We take charge -Then we act. No more placing our heads in the sand believing it will never happen to us. Maybe it won’t! By taking the steps today to ensure that it doesn’t, however, is the most important decision we can make right now for ourselves and our family.
Here are 10 great ways to getting financially healthy TODAY.
1: Get educated. Speak with someone who is qualified to give you the advice you need going forward. Family and friends will offer their help and advice… and that’s great. Thank them and keep going.
2: Start small – but start! And don’t get overwhelmed. You are heading in the right direction, and that’s to be applauded.
3: Set up automatic payments for all your regular monthly outgoings. If it’s going out automatically you won’t have to think about it – it’s paid. This way you can budget and manage your money far better, with peace of mind in the process.
4: Spending. Is it something you need or is it something you want? A simple yet instant decision maker.
5: Making lists for a 30-day period – before deciding to purchase write it down and do nothing for 30 days. Our purchases are often emotional ones, and emotions can change in a nanosecond. It’s a good exercise to use in other areas of our lives too.
6: Pay with cash. We are slowly seeing an end to where everything is paid for in cash. Until that happens however, cash payments can curb spending habits. If you don’t have the cash with you, it is almost guaranteed that you won’t withdraw more to buy what tempted you in the first place. Carry cash for what you need and no more. Keep to the budget and what you are spending.
7: Start saving. Try to look long-term when it comes to saving. When you invest long-term typically that amount is locked away for a period where it can’t be accessed. Short-term or access to funds should be all we need for the normal monthly outgoings with a little extra for emergencies. A jar on the shelf is good, but easily dipped into on our ‘not so strong’ days.
8: Get excited when youseechanges happening. When we change our thinking and we do so by following through consistently, it forms a habit. And once you get into the ‘habit’ of making good choices, it can be far more rewarding to see what we have accomplished, than it would by splashing out on an inanimate object that we don’t necessarily need.
9: Stay away from the ‘All or nothing’ mindset. One thing at a time, as and when it needs to be addressed. Don’t try to do everything at once. Remember, Rome wasn’t built in a day. Enjoy the journey you are on.
10: Don’t stop! As cliché as that sounds – it’s true. It’s much harder to start all over again than it is to keep going. Results will come. Some quicker than others, but they will come.
“While being rich won’t fix every problem in your life, saving money regularly is a worthwhile pursuit. And when you become financially free, you will no longer make every decision solely based on money.”
If the article has resonated with you and you would like to know more please get in contact and book your Complimentary Financial Wellness Session with me now.
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