There are people who are so poor, the only thing they have is money.~Unknown
Three years ago I quit my job as a brand manager to become a freelance writer. I spent half of the first year travelling.
For the next two years I survived on the small income I made from my fledging freelance writing business, supplemented by savings. It’s been a struggle and things did not take off the way I would have hoped. This year money finally ran out.
It’s been a strange experience – having no money (except the little I make with writing and doing house-sitting on the side). Oddly enough, I’m not as freaked out as I thought I would be.
Start where you are. Use what you have. Do what you can.~Arthur Ashe
Several years ago, my good friend and I shared an apartment. We both just started our first “real jobs” and weren’t making a ton of money. We took turns cooking dinner, and we came up with a plan to use everything in our fridge before we went grocery shopping.
We didn’t waste food and saved serious cash at a time when we needed to most. It also forced us to be ridiculously creative.
Apples and tofu were the only thing in the fridge? Check out the pantry. We’ve got some walnuts, honey and a lone red onion. Suddenly we went from scrounging to gourmet cooking.
We called this using what you have, and we applied it all over the place. I just used it while shopping yesterday.
The importance of money flows from it being a link between the present and the future.~John Maynard Keynes
A while back, my husband and I took a vacation into the southwest deserts of the United States. We were driving through a particularly affluent area when my husband made a sarcastic remark about how much money everything cost.
I was quick to join in, but then I realized that one of our goals was to create wealth like that for ourselves. I asked him, “How can we ridicule something we desire? How will we ever attain something like that when we shun it now?”
It was a big question that stunned us both into silence. Since then, we’ve been working hard to understand our money stories and how we relate to wealth. It’s brought us into some emotional places, but throughout it all, we’ve felt our relationship with our money improve.
Excellence can be obtained if you care more than others think is wise, risk more than others think is safe, dream more than others think is practical, expect more than others think is possible.~Unknown
In my quest to actively create a personal and professional life that offers me all the things and experiences I desire, I’ve begun to notice the discrepancy between what I believe I deserve and what I actually ask for.
My conscious mind is in tune with my greatest attributes and I feel as if I’ve always had some degree of appreciation for what I am capable of contributing to a relationship or a job. I believe that I am monetarily worth a significant amount.
Yet, when it comes to asking for what I believe I deserve, I state my bare minimum and offer it up for negotiation. Then, I brood over being completely unappreciated.
Prosperity depends more on
wanting what you have than having what you want.~Geoffrey F. Abert
Any sense of physical security I have felt from the time that I was 18 onward, has, for the most part, been a direct reflection of how much I have in my bank account. It’s always an arbitrary number that I shoot for, an amount that I believe will completely cover anything unexpected with plenty of room left over.
However, for a money hoarder like me, this sense of security is always superficial and never long lasting. It’s leaning heavily on something physical to mask a festering internal issue.
Much like one might inherit a certain eye or hair color, I believe that my money issues are ingrained in my family line, spanning through generations of outwardly negative spending habits to equally damaging behaviors like my own.
“Money doesn’t buy happiness.” Who among us hasn’t heard this phrase?
Well, most of us disagree, at least a little. This is because money can seem to make us happy.
But it can also drain our life of all meaning, as we work long hours at a job we don’t like only to come home too tired to enjoy our few remaining waking hours.
Several years ago, my husband and I found a way to approach money that had a positive effect on our happiness. Now, three years later, we have become quite good at it – so I would like to share with you what has worked for us.
I recently read a gem of a book called “The Millionaire Fastlane”. Despite feeling skeptical by its title, its phenomenal content surprised and delighted me. I’ll say more about the book at the end of this article. Until then, enjoy this article from the book’s author, sharing an important message for us all.
Somebody should tell us, right at the start of our lives, that we are dying.
Then we might live life to the limit, every minute of every day.
Do it! I say. Whatever you want to do, do it now.
There are only so many tomorrows.~Michael Landon
Today I am confessing something big.
Not many men would disclose this information, but I will.
My two favorite movies are Titanic and The Notebook — yes, two perennial favorites among the ladies and unmentionable by my male counterparts.
A few weeks ago, I was standing in line at the grocery store to do some customer returns from my son’s birthday party. The customer service counter at the chain store is also the place where people buy lottery tickets, rent DVDs, buy cigarettes, rent carpet cleaners, along with costumer returns.
There were a dozen people standing in line. Since we were all waiting, in order to kill time, we all tilted our heads to watch the person at the front of the line.
The guy at the front of the line was buying lottery tickets. While making conversation with the person behind him, “All it takes is one ticket.” His face beaming as he continued, “… and then you’ll be a millionaire.”
His eyes sparkled as he said that with absolute conviction that this could be his lucky week, and then he would be “set” for life. He completed his routine transaction of purchasing his lotto ticket and walked away. I wondered how long he’s been buying lottery tickets, week after week, with an undying dream of getting that golden ticket – becoming a millionaire.
Financial success is not the property of the privileged, neither is it the bounty of the fortunate few; financial success is the certain possession of the individuals who are willing to follow the principles of financial success.
These principles that I’m referring to will work for anyone who applies them; no one can apply these principles and not succeed, anymore than someone can add 1+1 and not get 2.
What I will be discussing in these next few moments does not entail a get-rich-quick scheme, because there are no quick fixes. It is in the chasing of “fool’s gold” that the priceless gift of time is squandered and dreams lost.
This article contains a concise compilation of the primary principles requisite for the attainment of financial success.
You can look at the lives of any financially successful person and see these principles readily at work in their lives. It was these principles that I utilized to manifest the funds for a seven bedroom home when I was 24, and these principles will work for you just as surely as the sun rises in the east and lays its head to rest in the west.
It seems that you can’t go even one day without hearing a comment, a remark, a report, or an article highlighting the current economic downturn. How can we keep a positive attitude during these tough economic times?
It has become an unavoidable topic that comes up during business meetings, lunches, and social gatherings. A friend recently was forced to sell his house, and shared with me the tales of money lost and his many frustrations. Another friend jokingly remarked, “my 401K has turned into my 201k, I might as well have not worked for the past two years.”
I’ve done my best not to focus any energy on this topic, until I recently started receiving email from readers asking for advice on how to deal with the current economic situation, emotionally. Here is one such email from a generous reader that encapsulates the topic nicely:
“I am a recent graduate from a Masters program, have a very good job, but am constantly worried about what the future holds for me financially. Since most of the troubles in the world are out of my hands, how can I keep an upbeat attitude about life in general, during these tough times that are affecting so many hard working people.” – James Richter
In this article, I will give my own perspective on this topic, and relay specific tips on dealing with fear during an economic downturn.