Tag Archives: change

Negativity & Wealth

It’s a fact that most of us think negatively about our finances. Possibly almost as much as we think negatively about our health and physical body.

It’s easy to find and focus on what’s wrong, what could be improved, much more so than finding what is working and being grateful for what we do have financially.

Statements like ‘I never have enough,’  ‘I’m only just scraping by,’ ‘I don’t know where it all goes?’ ‘I can never seem to make ends meet,’ may all sound a little familiar.

But why not flip that and start looking for some positive things about your finances?

Are your basic needs covered? Do you have good food to eat, a roof over your head, a vehicle, means of communication and an income?  Do you know how much better off you are than most people on the planet?

What’s the one thing about your wealth or financial position, that you are focused on in a negative way? Is it your level of income, your outstanding bills, your dingy apartment, the dead-end job?

Complaining about any aspect of your wealth is pointless unless…

1) you can actually change something, and

2) you are prepared to make the effort to do so.

Can you ask for a raise?  Is there another position you can apply for?  Can you focus on bringing down debt rather than whinging about it over drinks at the pub?  Can you start to practice gratitude?

The energy of complaining and being negative is never good for our bodies and physical health. Positive people tend to have better overall health, and wealth.

Today, be mindful of how negative you are about some aspect of your financial journey. Try and start reversing the words you use to describe the story you have around it.

Things WILL improve.  I CAN bring down debt. I’m DETERMINED to get a better job.

Try it and see how it works for you.

Time to get Honest with Yourself

Most of us like to think of ourselves as an honest person.

It’s a fabulous quality and one that we often admire in others, and we tend to deride those who we know don’t live up to their promises.

Yet, chances are, we lie to ourselves all the time.  Are there things you don’t like to face up to?  It could be our weight or our health?  Possibly our financial situation isn’t the most desirable or where we’d like it to be?  We may have issues in our relationships we don’t want to face, addictions to overcome and other personal battles to wage.

Are you guilty of telling yourself that things are really better than they actually are?  We all have issues we’d rather not deal with.  It often seems much easier to keep busy than to stop and face our challenges.

Unfortunately, putting things off can just delay the inevitable.  Not dealing with our financial situation now, can mean disaster down the track.  Don’t look back years away and say, ‘I wish I’d started sooner and I wouldn’t be in this mess now!’

It takes courage to look at how things really are.  Take off the rose coloured glasses.  The alternate can cost us our health, wealth, relationships and happiness.

Being aware of what needs to change is the start of any process.  Committing to start making change, not pushing it away, however unpleasant can be the first step to start hunting solutions down, or even having them appear to us.

It’s not easy to find the courage to face our fears, yet being honest with ourselves, taking responsibility for the situation and committing to turn things around can yield amazing results.

I’d love to hear what you’ve decided to ‘fess up to, tackle and change in your life and how it turned out for you.

Workout Time for your Change Muscle!

Chances are, that anyone you know or cross paths with, has gone through a long list of difficult life changes.

Perhaps they have suffered personal tragedy – lost a loved one, endured a chronic illness or injury, nursed someone through ill health, suffered from depression, ended a life partnership, had a miscarriage, or unsuccessfully undergone various IVF procedures.

Sometimes, the issues are financial – they’ve lost a job, been stuck in a career they hate, been ripped off and lost their savings or their home, made poor investment decisions, or had to start over financially after a major change in health or circumstances…

Tragedies are an unfortunate part of the human experience.  But also an opportunity in some instances…

Sometimes it seems ‘it never rains but it pours’ and we undergo more than we ever thought we’d have to bear.  And, it’s highly likely you have faced some of those challenges too.  Maybe even quite a few!

So, what’s the hardest change you’ve ever had to face?

Can you remember if there was something specifically that got you through the experience?  Was it time as a healer?  Your faith?  Friends and family?  Better educating yourself?  Charitable work?

Although not part of our physical anatomy and you never learned about it in school, you have a “change muscle.”  It’s a part of you that is able to handle any change and has actually already worked out handling the myriad of life experiences you’ve thrown at it in the past.

You’re likely to be much more resilient and better at change than you believe you are. Just like real muscle, the change muscle remembers every change you’ve ever been through.  Muscle memory is a real thing and grows stronger through repetition.

Don’t underestimate your ability to handle the change you’re currently facing, whether personal or financial.  There’s bound to be more ahead, and the more you work it, the better you’ll become at it!

I’d love to hear what challenges you’ve faced, and how you’ve been able to embrace the changes and move on.  How did you work out your change muscle?  Can you use those lessons to get through challenges that are currently facing?

Shake it up!

Most of us have issues with change… out brains are wired to keep us safe, in comfort.  Often, we’re particularly challenged with changes needed on the financial front – unless of course it’s a big fat pay rise and promotion heading your way!!

A reluctance to cut your losses and sell down a losing investment is one thing, but have you ever felt resistant to any form of financial change?  Bucking at the smallest tweaks you know are necessary?

Maybe you just really don’t want to sit down and do your budget, perhaps you don’t want to put extra funds into your retirement savings, you don’t want to cut out that unnecessary expense, or take the time to research that new credit card or loan that might offer better benefits at a lower interest rate.

This behaviour is pretty widespread, and what behavioural economists classify as the “status quo bias.”  While you may not want to upset your emotional apple cart, at times it’s definitely in your best interest to do so.  And like in all areas of change, starting in baby steps is always a good idea.

Shouldn’t you cancel that gym membership you never use, but keep paying for anyway because you figure maybe someday you’ll be motivated enough to go? Perhaps, instead of cancelling your membership outright, start off small by freezing your account for one month.  See how much you really miss it and if you’re motivated to start heading back and hitting the weights.  Otherwise, why hold on?

That morning heart-starter coffee you stop by your local for every single morning, can you cut it back to three days a week, then two… maybe even as a weekly treat?

Not only are incremental steps less likely to trigger your worry of regret or fear of the unknown, but they allow you to assess your feelings along the way to see how you’re coping with the change.

If after a month you prefer to revert to the way things were, there’s really no harm done, although you may also find that making smart, small and calculated changes isn’t as scary as you thought it would be.

As for big picture changes—like reworking your superannuation savings plan or assessing your investment progress, pick strategic times of the year to analyse your strategies.  The new financial year in July may be a good time to revisit your options.  Should you then review your health insurance or salary sacrifice arrangements?  A new calendar year may call for a simple new resolution.  Easter holidays may be a time to revisit what you’ve set in motion.

What works for you?  And shake it up and keep it interesting!  That’s the best way to stay on track.