Tag Archives: money and your mind

Make Your Dreams Happen in 2011

As another year rapidly draws to a close, it’s a perfect time to consider all the triumphs and trials that faced us in 2010. In reviewing the past, let’s celebrate our successes and learn valuable lessons from our mistakes.

When we look back in time, sometimes we may find that certain challenging issues keep recurring without us really uncovering or understanding their underlying principles. One important life course that many people believe that they are doomed to fail is ‘Money Success 101’. The key attitudes and actions needed to excel in this class continually seem to elude them.

People often ask me for one piece of advice that can help them to accomplish their financial goals. As they search for solutions, many of them think that a job that pays a higher salary would deliver them from their money woes. Others believe that the answer lies in the perfect investment scheme or a profitable business opportunity.

The reality is that even if more income or the ideal financial vehicle appears on your doorstep, they may not help you to be more successful with money.

Continue reading Make Your Dreams Happen in 2011

No Regrets

Recently, my 25-year-old niece shared with me some of the strategies she was using to secure her financial future. She explained that she had rejected the credit-card consumption culture that was so prevalent in the United States, by only buying things that she could afford.

Saving a good portion of her salary was her main aim, as she wanted to amass a significant down payment before she bought her own home.

Although I was filled with pride as I listened to her reveal her smart money habits, I couldn’t help but reflect on my own financial history, which was quite the opposite. When I was 25, my income was inadequate, my debt was distressing, and my net worth was nonexistent. Continue reading No Regrets