Here is some free financial advice. I notice many people that are interested in spirituality and associated topics are poor with their money and have no interest in building wealth. However money is only energy and the world is actually an abundant place. If you are truly spiritual and looking to raise your consciousness you will understand that in order to become physically abundant you need to master some physical processes. That’s why I have dotted this spiritual website with some basic practical financial articles.
Knowing whether you are spending more than you earn is probably the simplest and best free financial advice I can give you. I can’t count the number of coaching clients I have had over the decades that did not count their money in either their personal or business life. Here is that strategy plus a few others for reducing debt and living a life with less stress and more freedom.
Free Financial Advice – Are You Spending More Than You Earn?
Are you spending more than you earn? Do your credit cards have a hold over you? Why even have a credit card? Isn’t it incredibly easy to have money “mysteriously float away” each month on purchases you simply “forgot”? You know you have monthly bills, but a person’s got to live, eh? Are you scared to add up those credit card purchases each month? Months become years and the money continues to “float away.”
If you really think about it, keeping track of your money is easy. All it takes is paper and pencil. One column for debts and one column for income; add them up each month, subtract the difference and see if you spend more than you earn. Once you clearly see your spending habits on paper, you can no longer hide from them. This is by far the single most important step towards debt reduction and wealth creation. Being completely honest with yourself is the first crucial step towards incorporating positive financial change in your life.
How many times have you innocently walked into a shop and found a million reasons why it’s okay to buy something?
This is the last time I will buy this.
My credit card balance is low.
I love it and it’s on sale!
I’m not doing this for me, I’m doing it for them.
I have some extra cash!
We all have these emotions and thoughts going through our heads at some time. Eventually you will come to know that spending money on “stuff” doesn’t buy lasting happiness. In the short term, it’s pleasurable but financially disastrous. So the next time you have the spending bug – perhaps as a result of an emotion, take a moment to simply appreciate everything you do have. Appreciation is a powerful emotion and a fantastic core value.
Appreciating your family, friends, health, nature and the simple pleasures in life will help you understand that spending won’t buy happiness. Use your emotional intelligence. Make appreciation a daily habit and a core value. Real millionaires respect the dollar but place appreciation, gratitude, family and friends before all else. You most likely don’t need to buy it.
Don’t Feed The Advertisers
In this information age we are continuously assaulted with advertising images trying to convince us to buy. Bigger, better and faster. We will look more successful if we buy this or wear that. You see celebrities using their names to sell almost anything. Tiger Woods drapes himself in Nike from head to foot because Nike is trying to convince us that it is linked to sporting success. You desire and respect Nike because Tiger Woods uses them. Tiger has sold his image. As have many others.
Advertising images and music are reality. Success isn’t about exciting rock songs and getting everything you want. It isn’t about looking like your favorite celebrity. Spend your time and money on what is truly important to YOU and not on what the advertisers tell you. Throw out the television and get outdoors. Take a hike in the woods. Marvel at the beautiful sky. Life can be magical at times. Sometimes it’s the simple pleasures that are the most rewarding.
Let’s summarize the free financial advice:
1. Take action today to spend less than you earn. It will reduce stress and release the shackles of debt.
2. Your emotions and thoughts can easily make you spend more. Use appreciation or gratitude to realize what is truly important in life.
3. Don’t let the advertisers make your reality. Your reality and beliefs should have little to do with pop / rock songs and advertising.
Let me know how you have handled this free financial advice. Comment below or join me and comment on Facebook