This month's focus has been on our financial house. We started with the idea that fiscal health equals financial freedom. Then we discussed what true wealth is. in the last post, we asked what message we were sending in relation to our financial house. Finally, we come to the most important question - are we servants of our money, or are we stewards of it?
In order to have good financial health, we are to be stewards of our money, not servants to it. It serves us, not the other way around.
We are stewards of our lives - all areas of our lives. Our financial house is part of our life, so therefore we are the stewards of it.
Money is our servant, our tool. It works for us. It does what we tell it to do.
When we chose to squander it instead of save it, that is not the money's fault, that is our fault - our decision to do so.
So, how is your money serving you?
Or put another way, how are you stewarding - managing - your money?
If you are stewarding it well, it will serve you well. If not, it won't.
The month of May brings us to the topic of physical health.
Until next time, Namaste!
Monday, April 27, 2015
Sunday, April 19, 2015
MaXIMIze - What's Your Message?
Today's gleanings are from Cheryl Richardson's book, Take Time for Your Life. This book was first published in 1998, and is still very relevant today. My personal copy is paperback, from 1999. I picked it up at a second hand store in the early 2000s, and haven't let go of it yet!
Cheryl has a chapter in this book focused just on financial health. The first question she asks is, "Can you afford to live the life you really want?"
She's not talking strictly money here, she is talking about having the freedom to make the choices that MaXIMIze your best life now.
As I've said before, our finances can seemingly be the scariest part of our lives to deal with. Cheryl points out though, that the more trouble we have with this part of our lives, the more energy is drawn away from other parts of our lives to deal with it. And yes, if we are avoiding dealing with something, we are still expending energy with that avoidance.
She also points out that how we deal with our financial life sends a message telling the Universe how worthy - or unworthy - we feel we are to have true abundance in our lives.
In order for others to invest in us, we must first invest in ourselves by ensuring we have a tidy financial house. If our checkbooks are not kept balanced, or we do not know what we owe on our credit cards, or we consistently pay late - or not at all - that sends a message of coming from a place of lack rather than a place of abundance. And like attracts like.
So, is your financial house in order? If not, what is the one thing you can do right now to move toward getting it in order? Now, just do it!
Until next time, Namaste!
Cheryl has a chapter in this book focused just on financial health. The first question she asks is, "Can you afford to live the life you really want?"
She's not talking strictly money here, she is talking about having the freedom to make the choices that MaXIMIze your best life now.
As I've said before, our finances can seemingly be the scariest part of our lives to deal with. Cheryl points out though, that the more trouble we have with this part of our lives, the more energy is drawn away from other parts of our lives to deal with it. And yes, if we are avoiding dealing with something, we are still expending energy with that avoidance.
She also points out that how we deal with our financial life sends a message telling the Universe how worthy - or unworthy - we feel we are to have true abundance in our lives.
In order for others to invest in us, we must first invest in ourselves by ensuring we have a tidy financial house. If our checkbooks are not kept balanced, or we do not know what we owe on our credit cards, or we consistently pay late - or not at all - that sends a message of coming from a place of lack rather than a place of abundance. And like attracts like.
So, is your financial house in order? If not, what is the one thing you can do right now to move toward getting it in order? Now, just do it!
Until next time, Namaste!
Sunday, April 12, 2015
MaXIMIze - True Wealth
Today, I'm going to share some of what I've learned from Mark T. Rafter's book, The Wealth Manifesto.
Mark starts off strong from the get-go. In his introduction, he lays out these three steps to achieving your goals:
1. Creating/refining your intention. Once you have what true wealth and financial freedom means to you crystal clear in your mind, then you can move on to the next step…
2. Which is declaring your intention. Write down what true wealth and financial freedom means to you. Also, lay out your major goals in this area AND the steps you need to take to get to those goals. Which means the last step is…
3. Taking action. Begin taking the steps you need to take to reach the goals you've laid out.
Remember - how do you eat an elephant? One bite at a time.
It is up to you to take those first steps toward true wealth and financial freedom.
In his book, Mark lays out what he calls "The Articles of the Wealth Manifesto." There are 14 articles in total, reminding us that wealth, true wealth, has to do with the quality of our lives as they relate to our personal values. Money is just a tool to use in garnering true wealth.
When we hone down to what our core values are in life, and live our lives in sync with those values, we tend to be happier and more content with ourselves and our lives, which equates to coming from a place of abundance rather than a place of lack.
Also, when we are living our lives in sync with our personal values, we are building our lives on a solid foundation rather then the shifting sands of society's values and mores.
In order to determine what your core values and principles are, you can go through the exercise laid out in this post from January 2014.
When we are sure of our footing, of our foundation, we can truly begin to grow, stretching ourselves to reach whatever goals we have set for ourselves.
True wealth begins by taking the first step - what step can you take right now toward living your best life now?
Until next time, Namaste!
Sunday, April 5, 2015
MaXIMIze - Fiscal Health = Financial Freedom
Happy, healthy, responsible.
Each of us is responsible for our own health and our own happiness - and, our own freedom.
Fiscal health equates to financial freedom as much as physical health equates to freedom from physical ills and spiritual health equates to freedom from despair.
In order to begin to improve your fiscal health, you need to take stock of where you are right now. Just as when you work to change your physical lifestyle, you track food and beverage intake, physical exercise, and change in weight and measurements, so do you need to track where your money comes from and - more importantly - where it goes in order to identify where changes can and should be made.
Here are some things to think about and some steps you can take to either adjust the financial track you are already on or to get on the financial track you want to be on.
How much do you have coming in every paycheck, every month, every year?
Is that income adequate to:
Cover your living expenses (roof over your head, food in your belly, clothes on your back, etc.)?
Save for a rainy day (those pesky car repairs)?
Put away for retirement?
If not, why not? Where are you overspending - and possibly under earning - or do you even know?
Most articles I've read - from Suze Orman to various articles on the internet to a friend's recent T. Rowe Price mailer - will tell you the following:
Keep your credit card balances low if not fully paid off every month - your credit score is affected but the ratio of available credit to accrued debt. So less debt is better!
Have 6-12 months of living expenses saved in a place that is accessible - savings account or other accessible account that isn't your main account.
Contribute to your retirement fund - whether is is the 401K at work or an IRA - to the maximum extent possible.
If you are currently on shaky financial ground, this may seem a bit overwhelming - I understand, I've been there.
So - how do you eat an elephant? One bite at a time.
First, figure out where you are at right now. Track every, and I mean EVERY expense. I do this in an Excel spreadsheet. Do this for at least a month, if not several months to a year. Actually, once you start, continue to do so in order to stay on top of and on track with your expenses.
Second, take a hard look at those expenses that are wants rather than true needs. Things like cable or satellite TV, internet, fancy phones (who has phones in your household and why), going out to eat or to the movies or other entertainment, and other spending rabbit holes. Hobbies, sports, books, clothing, and other spending binges that are not necessarily true needs, but may be spending on perceived wants to fulfill unfilled needs elsewhere.
Third, cut back as hard as you can - yes, until it hurts! - until you are truly fulfilling needs ONLY. For example - physical fitness is a need, however that expensive gym membership or yoga studio is not.
As you see where your money is going - and are figuring out why, then you can better make value-based decisions such as:
Why are we living where we are living?
Do we really need that second car?
Can I take public transportation instead?
What is my/our true relationship with money and why?
For that last question you may need counseling, both personal and financial, to really get at the heart of any overspending or miserly financial habits you have developed over the years.
I know this is a lot to think about, and finances can be the seemingly scariest area of our lives. However, it is a very important part of our lives, since our finances will determine how we live out the golden years of our lives.
So take a deep breath and just take it one step at a time. That is all any of us can do - take things one step at a time.
So, think on these things this week and take those first steps towards improving your fiscal health and ensuring your financial freedom in order to live your best life now.
Over the next few weeks, i will be sharing what things I have learned from various sources that have helped me to once again work toward improving my fiscal health.
Until next time, Namaste!
Each of us is responsible for our own health and our own happiness - and, our own freedom.
Fiscal health equates to financial freedom as much as physical health equates to freedom from physical ills and spiritual health equates to freedom from despair.
In order to begin to improve your fiscal health, you need to take stock of where you are right now. Just as when you work to change your physical lifestyle, you track food and beverage intake, physical exercise, and change in weight and measurements, so do you need to track where your money comes from and - more importantly - where it goes in order to identify where changes can and should be made.
Here are some things to think about and some steps you can take to either adjust the financial track you are already on or to get on the financial track you want to be on.
How much do you have coming in every paycheck, every month, every year?
Is that income adequate to:
Cover your living expenses (roof over your head, food in your belly, clothes on your back, etc.)?
Save for a rainy day (those pesky car repairs)?
Put away for retirement?
If not, why not? Where are you overspending - and possibly under earning - or do you even know?
Most articles I've read - from Suze Orman to various articles on the internet to a friend's recent T. Rowe Price mailer - will tell you the following:
Keep your credit card balances low if not fully paid off every month - your credit score is affected but the ratio of available credit to accrued debt. So less debt is better!
Have 6-12 months of living expenses saved in a place that is accessible - savings account or other accessible account that isn't your main account.
Contribute to your retirement fund - whether is is the 401K at work or an IRA - to the maximum extent possible.
If you are currently on shaky financial ground, this may seem a bit overwhelming - I understand, I've been there.
So - how do you eat an elephant? One bite at a time.
First, figure out where you are at right now. Track every, and I mean EVERY expense. I do this in an Excel spreadsheet. Do this for at least a month, if not several months to a year. Actually, once you start, continue to do so in order to stay on top of and on track with your expenses.
Second, take a hard look at those expenses that are wants rather than true needs. Things like cable or satellite TV, internet, fancy phones (who has phones in your household and why), going out to eat or to the movies or other entertainment, and other spending rabbit holes. Hobbies, sports, books, clothing, and other spending binges that are not necessarily true needs, but may be spending on perceived wants to fulfill unfilled needs elsewhere.
Third, cut back as hard as you can - yes, until it hurts! - until you are truly fulfilling needs ONLY. For example - physical fitness is a need, however that expensive gym membership or yoga studio is not.
As you see where your money is going - and are figuring out why, then you can better make value-based decisions such as:
Why are we living where we are living?
Do we really need that second car?
Can I take public transportation instead?
What is my/our true relationship with money and why?
For that last question you may need counseling, both personal and financial, to really get at the heart of any overspending or miserly financial habits you have developed over the years.
I know this is a lot to think about, and finances can be the seemingly scariest area of our lives. However, it is a very important part of our lives, since our finances will determine how we live out the golden years of our lives.
So take a deep breath and just take it one step at a time. That is all any of us can do - take things one step at a time.
So, think on these things this week and take those first steps towards improving your fiscal health and ensuring your financial freedom in order to live your best life now.
Over the next few weeks, i will be sharing what things I have learned from various sources that have helped me to once again work toward improving my fiscal health.
Until next time, Namaste!
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