Help Answer Your Money Questions By Considering Different Perspectives

While working on the financial personality assessment for the MoneyMinding Method E-course, I was reminded of the influence our perspective has on our financial decisions. If you are focused on the fear that you might fail, or might lose everything, then your decisions to, or not to do something will reflect that fear. While it is not always prudent to simply ignore the fear, it is important to recognize it and to step back and see it from a variety of perspectives.

For example, if you are considering making a career move, say to start a business, or to work on your own, rather than in a job where you aren't happy, but are worried that you might fail, you might lose your house, your savings, or whatever, you will more likely be more comfortable staying in the exisiting role because at least it's familiar. However, here's an exercise that you might find helpful to see the situation from a different perspective.

I do not recommend this strategy, except to use the information to ask yourself some empowering questions: First, how much every month do you need to live the lifestyle you are living today? When you know this, round the number upwards or add at least 10 - 15% to it to come up with a figure you could live with. Call this figure A.

Second, add up how much equity you have in any real estate or business, the value of all your investments and savings, and all the available credit on credit cards, lines of credit, etc. This is figure B.

Now simply divide the total of figureB by figure A and that is the number of months you could live without any income at all coming in. With that information, as yourself, whether it's possible that during that period of time you would have absolutely no money earned, and whether you would really find yourself in such dire straights that using up all your equity, all your savings and all your credit could ever happen?

Your answer will help you determine whether a move at this time is a good idea or not. This information will also help you to find solutions that can help you plan potential future moves.

Copyright© 2006 Tracy Piercy. Written Permission is required for reproduction. Thank you.

Thoughts on Universal Success Principales

Hi everyone. I often get ideas that I'd like to share that end up in a notebook or file somewhere for publication 'someday'. Unfortunately, last time I looked 'someday' wasn't on the calendar. Hopefully, this blog will mean that more thoughts end up being shared than end up in a drawer or electronic file somewhere.

Today, I was introduced to a new understanding of what 'universal success principles' really means. My family and I are hosting some visiting children who are touring Canada for 8 months with the Watoto Children's Choir from Uganda. Along with them is a wonderful adult supervisor. In our home, our guest room is also the library and when we got talking, I quickly discovered that the adult visitor was a reader of personal development books like myself. In fact, her own personal library includes some of my favourites.

Apparently, the same concepts that we can read about to help us become all we can be; to live lives full of whatever it is we can dream; to be free of any kind of financial limitation; to reach our personal and unique goals; are also applicable and interesting overseas in a country stricken with aids, war and poverty.

All we need to do is read them and begin to implement some of the concepts they teach. What are you reading? Success principles are indeed universal, and so are financial planning strategies. The specific tactics will change from person to person and from area to area, but that is why there are specialists to help with the specifics.

If you really want to move forward in a positive way financially, this is what MoneyMinding does: Integrate the universal success principles with financial planning strategies so you can find and implement the strategies.

It's more than the money. It's more than saving, investing and reducing expenses. It's about making financial decisions that are based on your own life values, priorities and goals. And these are universal principles all around the world.

New site, new successes, new seminar dates

The new site is up - we're really excited about the new look, logo and tagline: "results beyond the box".

I've just emailed my newsletter list an email - "Where are you going to go this year" - which includes success stories I've heard recently when people began thinking "beyond the box" and got a clear understanding of their true desires and the reasons for them -- things very necessary to make good financial decisions and achieve goals. Things MoneyMindingTM can help with.

If you'd like to get on my list, click subscribe on my website.

New dates announced for the free 90 minute MoneyMinding Method seminar -- both live in Victoria or via teleclass -- see www.moneyminding.com/products_moneyminding.htm. You can register by phone or online.