Author: bossvrt

One of the secrets to money management is perception. Do you ever wonder why so many people find themselves short of money, even when they have sufficient income? Why does the problem persist month after month? There is a perception problem.

Having a large sum of money (bi-weekly or monthly income) at once can feed the imagination.  Without taking time to sort through all the things that need to be done first, it may appear that we have more than enough to satisfy our needs as well as our wants. It becomes easy to visualize the things we want to buy and without hesitation or plan, the intention for spending is set. This scenario is repeated month after month and before we know it, we have developed a pattern that leaves us short of money week after week. Here is the good news. There is a solution.

Just as we unconsciously set an intention to spend, we can also set an intention for financial increase by changing our perception and visualization.  That sounds easy, but how do we do it?

Try this. One week before pay day, visualize the goals you have set or think about what you would really like to accomplish.  It could be new furniture, a vacation or perhaps a new home on the other side of town.

Set your intention by creating a separate bank account for each goal. Determine what percentage of your income you are willing to set aside to obtain your goal.  You may decide to put 10% of your pay towards a summer vacation. Or you could choose to save 10% of your income each month to purchase a home or relocate to a warmer climate. Another option is to work a part-time job and dedicate 75% of your income to your goal and 25% to a “fun” or self-care account. 

Knowing that you have created a self-care fund and a vacation fund can curb your unplanned spending, making it easier to take care of needed expenses on time. The key is to establish separate bank accounts and automatic deposits to these accounts. It’s also important to make sure these accounts are established at different banks, so you won’t be tempted to transfer funds between accounts.  

You will be surprised at the peace of mind you will experience just from knowing that you have money put away if you really needed it. The self-satisfaction of creating and implementing a financial plan may also reduce the need to satisfy yourself with retail therapy. You can enjoy the satisfaction of having money rather than spending it. Say hello to peace!  

There are many gifted people who cannot and do not recognize their own talent. Others sense that there is something that they need to accomplish, yet they are bound by fear. Some of us have struggled looking for work, when our gift could be creating a job for others. The thief called fear, stikes and we stop in our tracks, convinced that we are not good enough, not smart enough, not educated enough or whatever it is that we tell ourselves. Yet we have been equipped with skills that have gone untapped. We fail to benefit from the unrecognized skills lying dormant within us.

What talent do you have that you have not put to use?

When will we believe the word of God? If we are in fact created in God’s image and likeness, then God in fact gave birth to greatness, when He created us. I am not judging I’m merely stating a fact that I learned late in life. Let me give you an example that I hope inspires you to move forward with your goals, in spite of the missing pieces (support, adequate funding or whatever). What if you could excel at your worst subject. Imagine having no faith in your math ability in high school and then becoming a math teacher? That’s kind of what happened to me. I once found a very lucrative job doing the very thing that once intimidated me! Can you believe that? I couldn’t either. My point is, you are way more talented that you give yourself credit for, and it just may well be costing you money.