What Ice Rescue Has To Do With Money

Practice. I was met with this spectacle on my drive into town. Mesmerized, I pulled off into the parking lot and watched as these brave (crazy?) men and women practiced what they do. Practice is the key to being successful at any task or skill set. When we practice regularly, we become highly competent and able to do the job when things get tough. These people rescue others from the cold waters of lakes and rivers. Working as a team, they need to know what to do to stay safe, and to keep safe the person in need, in a really challenging environment. They are highly effective in an emergency situation because they have practiced and practiced, building knowledge, skills and resources.. I sat there watching, and it made me think of how many people could benefit from practicing their money. So many deal with money in a ignore-panic cycle. You ignore your money until there is a crisis and then deal with whatever comes up in a panic, and then go right back to ignoring it. What would happen if these rescuers did that? Imagine – they are called up when there is an emergency, and they try to figure out what to do while the pressure is on. How competent do you think they would be? How confident would they be? How effective would they be? That is the exact opposite of what I saw on the ice. What if, instead of ignoring your money, you practiced working on your money regularly, when there isn’t a crisis? You would learn the skills and resources that would make...

Are you an ostrich?

If I asked you what your biggest money mistake was, what you would say? There are 3 big mistakes I have seen many families make (and admittedly these are mistakes I have made and have learned so much from). Read on to see if what you can do to stop being an ostrich. Not knowing how much it actually costs to run your life. When life gets busy, and tracking expenses is a pain.  Between the credit cards, debit card and numerous payments that need to be made, keeping a handle on it can feel hard. It is likely that you were never taught how to manage your day to day money.  The banks are very happy to give you more credit, so if you go over a bit, it isn’t the end of the world, right?  But then the debt starts to creep up and up.  If you don’t know how much it costs to live your life, how do you know if you can afford it? A great step to take is to consider the spending areas you might have been forgetting.  You will likely think of including your mortgage, utilities and groceries in your spending but don’t stop there.  Be a detective – scan your credit card and bank statements for additional frequent expenditures like your Costco membership, dog grooming and gas for the regular trips to the in-laws.  These are things that cost money and may get missed in calculating your regular monthly spending. By simply understanding how your money moves through your life, you may identify some problem areas. Making small changes could help...

Are you squashing your dreams?

We are dreamers by nature.  The hallmark of human existence is imagination, exploration, and achievement.  Humans have created amazing civilizations by dreaming and taking action on those dreams. Sometimes the dreams are huge and real and sometimes they feel like wisps in the wind. And when our lives feel small and complicated, we forget to dream.  It happens bit by bit.  You start feeling pressure to keep up and then to pay for the lifestyle you have created.   Despite making a great income, you still feel broke.  Money becomes the problem, the elephant in the room, the enemy.  Things can feel hard, like you are never going to get out of it, so you stop dreaming and stop taking action towards what you really want. Without leaps of imagination, or dreaming, we lose the excitement of possibilities. Dreaming, after all, is a form of planning.  ~Gloria Steinem Dreaming is expansive and creative.  It moves us forward.  When we allow ourselves to dream about what we really want, we create compelling reasons to change the way we are doing things.  We create a desire to have that dream, and we begin to take steps towards making it a reality. When we don’t allow ourselves to dream, when we squash down those dreams and distract ourselves, we end up looking for the pleasure of the dream in other, often unhelpful and self-sabotaging ways.  We might eat excessively or spend money to soothe ourselves; we might stop giving to others, trying to keep whatever we have.  We play small, hoping that everything will work out and we end up feeling worse –...

The promises you make to yourself

I just got back from my Mastermind with my coaches and an amazing group of authentic, ambitious and rock star business owners. I love this group and I am thrilled to be receiving amazing coaching from the Suzanne Evans team. We all need support, guidance and the occasional kick in the pants. While at the event, I opened up a chocolate and the wrapper had a message on it that grabbed me. “Keep the promises you make to yourself”. Where are you getting your support and your push create the life you really want? Are you keeping the promises you are making to yourself? As you have seen from the email that I sent this week, I came to a big realization that I have been holding out on you! I know you are ready to make big changes in your money life and that the Get Real, Get Smart Get Going game plan will get you there. I can’t wait to share this with you! I really hope you will take me up on my F.R.E.E. 15 minute Find Your Hidden Money Call. Bring your most pressing issue in your money life and we will brainstorm some strategies together. Let’s talk! What do you have to lose? In this week’s article, I share some of the traps that people fall into with their money life … and believe me … I’ve been there! I hope it will give you something to think about in your own money life....

The 3 BIG Mistakes people make with their money

You probably have a pretty great life. A nice home, car and job. You look after your loved ones, pay your bills on time, and maybe even save for the future. It is likely that you are also concerned about your money life.  Despite the fact that 43% of North Americans spend more than they earn, that is actually a symptom of the root problems. I have put together a list of the 3 big mistakes I have seen many mid- and upper-income families make (and admittedly these are mistakes I have made and have learned so much from). “Ignorance is bliss” – Not knowing how much it actually costs to run your life. When life gets busy, and tracking expenses is a pain.  Between the credit cards, debit card and numerous payments that need to be made, keeping a handle on it can feel hard. It is likely that you were never taught how to manage your day to day money.  The banks are very happy to give you more credit, so if you go over a bit, it isn’t the end of the world, right?  But then the debt starts to creep up and up.  If you don’t know how much it costs to live your life, how do you know if you can afford it? A great step to take is to consider the spending areas you might have been forgetting.  You will likely think of including your mortgage, utilities and groceries in your spending but don’t stop there.  Be a detective – scan your credit card and bank statements for additional frequent expenditures like your...

The expected and the extra

When was the last time you had a three-pay month? What did you do with the extra money? So often, it just goes into the abyss of day-to-day living, paying off debt and “honey, let’s go out for dinner”, or it pays down the over-spending that has accumulated on the credit card or line of credit.  What if there was a different way? We generally don’t work harder or save more to get out of debt.  Yes, I said it, because it is true.  We talk a good talk, but at the end of the day, we are much more interested in having new stuff and fun experiences than those responsible goals. But, what if we hid our responsible goals like getting out of debt and saving for retirement into our day-to-day plan? Imagine that you have a game plan for your day-to-day money where you are confidently and comfortably living within your means.  You know how you will cover the irregular expenses and the “life happens” stuff.  You are confident that the money you make month to month is covering your lifestyle, saving towards your retirement and paying down your debt.  Nice! Now, what do you do when that extra money comes in?  Not only will you notice it, because it truly is extra, but you can allocate it towards those fun goals that make life extra special.  Top up your vacation account, buy a great new pair of boots, take your honey out for dinner, or add it to the cottage savings account. Take a moment to add up what extra money you would have if your...