Category Archives: Finance Chats

A little on making or saving money

Do you have a Financial Blind Spot?

Blind spots are the parts of ourselves that we never really see,  (or the parts we really don’t want to see) despite all our best efforts to become mindful.

Sometimes, we need a little assistance from our friends or family to help see what we really need to see.

It’s worth asking someone that knows you well what they see you doing or believing that you do that hurts you in some way.  That might be a scary ask!

Is it a story you have about yourself? Is it a mindset about money?  Could it be overworking,?  Or overeating? Or overspending?  Do you not stick to your budget?  Have you neglected your protection strategy?  Do you need update your Wills?

Give permission to a friend or family member to be totally honest with you today… and try very hard to be ok with the results.  It’s just an area that’s worth working on and improving for you!

How do you measure Self Worth?

Many of us have a tendency to tie our self worth to our net worth, meaning, we can be looking for self-worth in all the wrong places!

Many try countless ways to increase their self-worth with material possessions, including faster cars, bigger houses, exotic vacations, expensive clothes, more attractive partners, fabulous shoes and bigger handbags.

None of these items are intrinsically bad if they’re simply enjoyed and not utilised as a mechanism to feel like you are a “someone.”

Your sense of self actually comes in its purest form, from what you are being in the world around you. It doesn’t require words or boasting about. It’s simply a feeling of knowing that what you are using your life to do, really matters.

Yet in a strange twist, as your self worth improves, chances are, your net worth will too.

Find your self worth from who you are.  De-link your self worth from your net worth to find joy.

This is the only type of self worth that is truly long-lasting.

Financial Question Time

Does your money situation make you feel messy or clean?  Maybe it’s time to knuckle down and ask a few questions to help you get on top of your personal financial situation.  Try these on and see how well you go!

Can you easily locate where are your important financial papers are?

Are your tax returns all lodged and up to date?

Do you know what you have in your bank account/s at any given time?

Do you have a current and valid will and power/s of attorney?

Do you need to review your life insurance and protection strategies?

What can you do today to make some progress to get on top of your financial situation?

Can you duck out and purchase some folders or storage boxes to do some filing?

Do you need to ask for friendly help or professional assistance?

I’m sure you’ll find It’s amazing how much more in control you will feel when you’re on top of your organization!

These questions aren’t about having more money, just simply honoring what you do have in an orderly fashion.

Which Type are You?

The world has a tendency to divide people into different categories.

Some are classified as “business types” (left brainers or A Types) and “creative types” (right brainers).  This can mean that we may grow up believing we are one and therefore NOT the other. This in turn, can influence the type of work we go after and what we think we are capable of.

Chances are, we have tendencies towards being more one type than the other, but this doesn’t mean if you are a business type, you aren’t creative, or vice versa.

It can be limiting to see yourself only as one particular type if you buy into the idea.  My sister and I still often joke about who’s the “creative one” or “the pretty one.”

If you think you are not a business brain type, you may never feel you can start a company or be good at finance. If you think you are not creative, you may never dream of writing a book or painting.  I’ve done both – so living proof it can be done!

Today, ask how could you start seeing yourself as both? You will be amazed how many people assumed they were one only (because that’s what they’d been told) only to discover they were hugely talented in the other they had neglected.

Love to hear how you’ve broken out of your “type” and proved them all wrong!

A Touch of the Green Eyed Monster

It’s a pretty human thing to be envious now and then, but what we envy can be pretty different from person to person.

What do you most often find yourself jealous about in others?

Is it their looks, body, career, money, investments, home, their apparent luck, lifestyle, their skill at something specific?  Is it a physical thing?  A financial thing?  A lifestyle thing?

It is worth checking in with yourself as to what it is that triggers your comparison button.  What is it that you really believe you want and don’t feel you have?

It’s pretty courageous to get honest and admit this.

Some of us have a twinge of envy when someone gets amazing news (that we’ve been waiting for) or has a huge win (that would have been soooo handy for us!)   Often, we are still happy for our friends, but the issue can be when it becomes about us in relation to them!

So here’s an opportunity for you!  Get honest and see what it is you most envy in others.  It’s a wonderful way of getting clear on what you most want for yourself.  (Cue light bulb!)

Isn’t it a better idea to instead place your emotional energy into setting a goal for yourself?  Don’t waste it by dealing in the negative energy of jealousy.  Start focusing on how you can make things happen for you!  Is it financial?  Physical?  Set some goals and start kicking!

I’d love to hear what you’ve confessed to and would like to turn around!  Or have you got the lifestyle others envy and still feel you’re missing something?

Suffering from Financial Insecurity?

“Financial Insecurity.”  Don’t worry, it’s not a communicable disease!

Are there parts of your life you feel insecure about as far as money goes?

Do you not know much about shares?  Do you find it hard to understand taxes? Do personal insurances like Income Protection and Life insurance confuse you?  Does the acronym ETF mean anything to you?  How much do your Superannuation savings interest you?

The world of finance can be pretty complicated and our education system certainly doesn’t help us get our head around what’s out there.

Which in turn begs the question:  If you want to learn more, do you know someone who can help you?

You might notice that one of the habits of people who are good with money (or anything for that matter) is that they aren’t afraid to ask for help.  They know what they know and they know what they don’t.  And that’s a gift!

There’s no need to have any shame when it comes to not knowing all there is to know about money.  You aren’t supposed to ‘just know’ how managed funds work, what shares to invest in, when term deposits are the best choice, or what types of investment  products exist… including those mysterious ETF’s!

Do you try and conceal some issues around money that you feel you should know?   Would you like to build up your knowledge repertoire when it comes to money?  Who do you know who could help you?  (This post is starting to sound a lot like 20 questions isn’t it??)

What is reassuring, it that you can build up your confidence as far as questions about money go.

These days, there’s online free courses.  Check out the ASX website.  Ask friends who you believe are savvy with money, or even chat with a financial adviser about what you’d like to learn.  Chances are they can recommend some good reading material for you to start with.  Even the ATO and YouTube have educational information and videos that you can use to start building up your knowledge base.

I’d love to hear what you’ve done to up-skill when it comes to your financial situation.

Never Work a Day in Your Life!

Have you ever heard the expression “Choose a job you love and you’ll never have to work a day in your life?”  This cliché is often attributed to Confucius, tho I’m not convinced, based on the fact that nearly everyone was probably a soldier, merchant or a farmer…

Yet, it is possible to love your work and not even think of it as ‘work,’ a ‘job,’ or a ‘chore.’ I am sure you know at least one person who is doing what they love.

Truth be told, people who do what they love even tend to look a little different. You can pick them out in a crowd. They emanate something special.

And contrary to popular opinion, No, they didn’t have it any easier than you.  What they did was make a decision to start doing what they loved.  And it’s a big step.  A giant leap in fact to let go of security and make a go of something you’ve only ever dreamed about.

Why not ask yourself what you really love that perhaps you never imagined you could turn into a profession or get paid for?  Is there a hobby you love to do on weekends that you could turn into a fantastic living?

If you love hiking, could you lead treks?  If you love writing, can you start a blog?  Or a book?  Are you creative?  Do you have paintings or craft to make a cottage business out of?

I know some people who had a life altering moment in their travels, start doing what they love and they’ve never looked back, happily turning their backs on the big bucks and corporate life to follow their dreams.

What are some small action steps you can take today? Can pick up a relevant book about your favourite topic, do a Google search to learn more, buy the domain name of that business you’ve got planned in your head?  Even ask your friends what they think you should be doing – they know you well and what lights your fire!

Following your dreams may just be easier than you think!

Start the momentum now…

Then, as Oprah phrased it “Find a way to get paid for doing what you love.  Then every pay check will be a bonus!”