You Could be Doing Even Better with Money

Let’s start with 4 questions (these are the sort of questions that helps determine whether you will be a Money Master or a struggler): When you think about money, do you think 1, 5, or 10 years ahead – or even further out?

Once you have that answer here is the next one:  When you think about your life 10 years from now, how clear and detailed is your mental picture?

Not quite so easy to answer is it.  It challenges you to think about your financial goals and it’s quite possible you haven’t given that any thought yet.  10 years may seem a long way off and not even on your radar.

Or, you may be in the stage of life where you have a very clear idea of what you want to achieve in 10 years, e.g. buy a home, pay off a mortgage, change careers, travel.

Whatever it is for you, start to build a very clear picture of the future You.

Let’s move on, feel free to come back to question 2 when you have had a chance to give it some more thought.

Question number 3: How often do you compare yourself to other people, financially and who are they? (ok, that might be two questions.)

You may think that you don’t compare yourself to anyone, but you do; you’re just not be aware of it.  Do you look at where someone lives and think, “I would love a home like that” or, “I could never live in a pokey little house like that.”

Over the next week or so, check in with your thinking and work out who you are comparing yourself to; is it your friends, your neighbours, the Kardashians?

The last question is: Do you control your financial destiny, or do external factors play a larger role?

Rather than being just a yes or no answer, answer this one on a scale of 1 – 10, where 1 is no control and 10 is total control.  No sitting on the fence here and being a 5, be honest with yourself about this one.

Now you have answered the four questions what does it all mean?

Sarah Newcomb (Senior Behavioural Scientist at Morningstar) uses these questions to help determine how financially healthy you are.

It isn’t just about earning more money.  There are some very wealthy people who are very financially unhealthy and there are others who you might consider not wealthy at all, but they are in tip top financial health.

It isn’t just about being economically stable, you also need to be emotionally stable as well when it comes to your money.

If you want to know more about your own answers to the four questions and how we can help you achieve Money Mastery, click this link to book a time for your free personal strategy session or send us your answers to the four questions (in complete confidence of course).

The good news is that is that it is possible to achieve Money Mastery.  Learn that NO is not a negative in the context of a loving relationship where you are both committed to your future.

Feel that honeymoon happiness again – financially.  Remove your uncertainty and open your mind to financial freedom.  Fix your money and watch your whole life change – for the better!

Take our FREE Money Personality quiz to kick off your journey to financial freedom.

By |2018-10-19T14:00:36+00:00September 27th, 2018|Money and Happiness, Money Psychology|0 Comments

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