Ok, let’s get all over this. . .
- Examine you dreams for tell tale sign of income and expense. Everyone knows that living a vibrant life requires resources, the most intense of all is air. Although I’m not talking about Maslow’s Hierarchy of Needs here, I could be when it comes to managing personal finances. People lack the understanding of the mechanics of how to get what you want in life. Example, what is your income right now and how much of it do you spend?
- Make or consult your list of the 50 people, places, or things you just have to meet, go or have during you life. “This is fun” reported one of my clients. “It’s a chance to give up what holds me back and just make a list of anything, awesome I want”. If you encounter resistance at about #15, your deserve needs to be turned up.
- Put the most important ones, for the ambitious put them all, on the calendar of your anticipated life. First, choose how long you’ll live. Next, how able you’ll be to pursuer your list over time. What good would it do to put ice skating in New York’s Central Park at age 80 on your list if you don’t learn to skate before you were 80?
- Add the resources you’ll need to accomplish each to your existing income and spending plan. What, you don’t have one? As I talk with professionals and others I continue to be surprised how many people’s plan is deposit check in one account, spread money to others, write checks for bills, buy things you need, and occasionally, if there’s enough, buy somethings you want. How much are you spending and are you above or below average? In this chart which is making its rounds on the Internet, you’ll get your ranking. http://www.getrichslowly.org/blog/ . My advice, build a budget and stay within its boundaries including 5-10% committed to savings from each pay check.
- Train yourself to find out what you need to know. Do you have time in your calendar each week for study and learning to keep that gray matter strong and healthy? Will you be familiar with what’s changing in your world and grow from it.
- Herd mentality, do what others (the herd) don’t or won’t do, find out what your number is. What in the world do I mean by your number? It’s the amount of assets at work that when used for life after work, will deliver the lifestyle you’ve chosen and ensure you don’t run out of money before life. Get your number here www.wealthcontrolpro.com
- Your story, believe it, and begin telling it to who ever will listen, and some who won’t for practice. As a culture, we are obsessed with “telling the truth” or “dealing with reality, what’s real”. Doing that, the only thing produced is more of the same. Nothing shifts, changes, or improves because you’re only talking about what’s already happened re-living your past. Invent a new story about how it’s going to be, the money you’ll make, the investments you’ll have & when then talk about all you’ll be doing with your new found wealth - believe this story as you do the one you’re telling now. Doing that, you’ll attract and live a healthy retirement. . .
