Money Lies We Tell Ourselves That Make Us Poor

Ok, level with me…when it comes to finances, have you ever told yourself a “little white lie” to justify spending or debt? If I were to ask you why you owe money to your credit cards, auto loans, or your friends, you would probably have an answer ready for me. It’s probably the same answer you tell yourself whenever you think about your debts. Whatever those answers might be, are you being totally honest? If you are lying to yourself, you are hurting your chances for financial success. Today we’re going to face some of those money lies and break out of the financial traps they create.

If you're not honest with yourself about your finances, your money lies will keep you poor. Here are 7 money lies we tell ourselves and how to face them.

I feel pretty certain that most of us go through a stage in our lives when we try to justify our spending habits that then spiral out of control into mounting debt. I know that I have done it myself and the way I justified my actions was to try to fool myself, lie to myself if you will. When I did that, I temporarily would feel a little better about the debt. But, deep down inside, I knew what I was really doing. It sometimes takes a serious wake-up call to make your behavior change for the good.Continue reading“Money Lies We Tell Ourselves That Make Us Poor”

Three Mistakes I Made on the Road to Financial Freedom

Today we have a guest post by Simon from Financial Expert, a blog that offers free learning experiences which combine articles, interactive experiences, and assessments. Today he talks about some of the mistakes he personally made in investing and some of the lessons he learned along his way to becoming a smarter investor in the 21st century!

While the post title implies that my failures only number three, I feel it is only fair to admit that I have comfortably exceeded this number over my decade of investing!

In today's guest post, Simon from Financial Expert shares three investing mistakes he made on the way to financial freedom and how you can avoid them.

Here are three mistakes which I feel hold broader lessons for all of us to reflect upon.

1. I believed that complexity was the key to an excellent portfolio

I loved investing so passionately when I first began, that I immersed myself in the topic at every opportunity. I read magazines, blogs, newspapers to satisfy my hunger for knowledge.

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How The Beatles Success Strategy Can Motivate You

I know you probably came here to get some money making and money saving tips today. Sometimes I write about that specific topic and other times I see myself as some kind of motivational writer, the kind that can get you to think about the “how” you can do better with your finances, job, and life. I think I can do that for a couple of reasons. One, being older, it’s fairly easy for me to see the mistakes I personally have made and looking back on the things I could have done to avoid them. And two, there’s the practical me. The person that can see clearly now just what to do and how to reach goals and fulfill dreams. Unfortunately it took 70 years or so to get there, and I’m telling you so you have a better chance to get there sooner rather than 70 years later or never.

Few have reached the level of The Beatles success, so what can we learn from them? Here are a couple of elements of their success and how they apply to you.

So that got me to thinking. What do all of us really want in life? Is it fame and fortune? Is it wealth? Is it security? Or is it true that “All You Need is Love” as the Beatles once sang? It might just be all of the above rolled into one giant big ball. So, how do we get there?

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How High Can You Fly? (Attitude Determines Altitude)

Sometimes even I can get a little depressed. I know admitting that out loud may turn some people off and if it does, I may just have to bear the burden of that. It seems that way too often I have been expected to be just a ray of sunshine and a beam of light to everyone around me and sometimes that’s a big burden for me. It’s even truer when it comes to publishing the written word like I do here. After all, do you really want me to depress you with anything negative I might offer up on my blog?

Zig Ziglar's phrase "attitude determines altitude" means that positivity will take you further in your quest for success. But can you change your attitude?

And that’s a big part of my point here, even though sometimes “Rainy Days and Mondays” may get me down, “Attitude Determines Altitude” and I know that.

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The Reasons Why You Might Never Be a Success

It seems my philosophy background just keeps leaking into my personal finance writings more and more each week. Maybe that comes with age and experience as I start to put all of those mysterious pieces of the life puzzle together, I don’t know for sure. Well, that’s my new theory so I am going to go with that. And that brings me to today’s subject – you and success.

If you don't have the right mindset and don't follow these six success factors, you'll never be a success, in finances or in life.

There are a lot of really successful people out there. You hear about them and you probably think something like “How did they get so big and successful?” People like a Mark Zuckerberg for example, a college student, who came up with the idea for Facebook and turned it into a multi-billion dollar business. Wow! So, why him…and not you?

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How to Better Your Financial Decision Making

Life isn’t easy. We all make little and big decisions every day and sometimes it feels like there isn’t a minute that goes by that we can just veg and not have to do any decision making at all. Oh, and by the way, if you actually try to do just that, someone will probably call you out and tell you that you’re shirking your responsibilities or not facing up to reality or must be plain lazy or stupid. Is that why you never avoid making a decision or you agonize over one and never ever take a few minutes to take a deep breath before you do?

Financial decision making can be difficult and overwhelming, but here are some ways to make it easier and more successful.

When it comes to your money decision making, the pressure is even more ridiculous. Why? Because not only are those decisions important to you, but they show up and stand out. I mean they are pretty visible to the naked eye and often are the main ways that others can see how you function and judge how good your decision making actually is. Even though it sometimes doesn’t show up immediately to the naked eye, your money decisions will eventually be very visible and will affect you, your family, friendships, and even your job. Perhaps you can hide a few bad decisions, at least for a while. But when that day of reckoning arrives, everyone will know what really happened. When that happens, it’s not just bad for you, but for everyone around you and that just sucks!

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How Your Money Obsession Can Hurt You

Got money on your mind? That’s not surprising, considering it affects so many aspects of our lives. It’s almost impossible not to think about money since we are bombarded every day with all kinds of talk about spending it, earning it, and well even just worrying about it, like your retirement planning or paying off your debts. Money obsession is real. There is almost no way to escape it except perhaps by pulling the blanket over your head and sleeping a little more, but even with that you do risk the potential of dreaming about it!

While planning your finances is important, thinking about them too much may mean you have a money obsession, and that can hurt you in many ways. Here are just some of the ways obsessing over money can have a negative effect on you.

Of course, thinking about money can be beneficial if it does lead to actions that can improve your finances and your life. But, and it’s a big but, when it becomes a preoccupation or obsession with your finances, it can also be very harmful, and I am not just talking about its mental effects either. How can your obsession with money hurt you? It can actually hurt you physically, financially, and emotionally!Continue reading“How Your Money Obsession Can Hurt You”

Why Learning to Say No is So Powerful

Saying “yes” to almost everything requested from us feels safe, avoids conflicts, and takes less time than pausing to decide whether or not that request is truly important and valuable. Too often we are just so darn busy that we don’t have the time to stop and think about much of anything and so we default to our standard answer, “yes”. That used to describe the way I was, but not today. That’s why I’m learning to say no as my default answer.

As part of our quest for success, we are often conditioned to say yes to every opportunity. But learning to say no gives us the power to determine what's valuable to our work and personal lives. Here's why I'm learning to say no as my default answer.

What Made Me Change My Mind?

Saying no, thoughtfully, may be the most undervalued action of our time. In our world of relentless demands and infinite options, we really need to prioritize our tasks and responsibilities so that they can add the most value to our work and personal lives. That means deciding what to do more of, less of, and what to stop doing altogether. Saying no gives you the time you need to do just that.Continue reading“Why Learning to Say No is So Powerful”