A Client Gave Me Cash (pretty brown ones!)

I know! It has been ages since I wrote. It took my community poking me to get me writing again. Thanks guys! It’s good to know my ideas are missed when I go quiet. With that in mind, I am going to share something fun and cool that I learned last weekend. I was running a focus group. I am creating a super cool new assessment tool to measure where you are on the Prosperity Curve™ based on your money programming, beliefs and habits. (Can’t wait!!) I asked a whole bunch of questions of the group and towards the end, I wanted to find out what thoughts, images and feelings have associated with actual money tools. So, I handed out a $50 bill and a credit card and was gathering the data. I realized as I was talking about it and holding the $50 bill, that cash, especially the bigger denominations, for me screams “FREE MONEY!” (with a big Woot Woot! In there too.) Now, I already tended to avoid cash, however, I didn’t realize that the feeling was so strong, and so specific to play and woot woot! We call that an anchor the feeling of the Woot! Is anchored to the bill so when I hold it, I got the feeling and the behaviour attached to that feeling. I used a very simple process that I use with my clients to shift from free money/woot to a feeling of confidence, motivation and the flexibility of choice. It took me about 90 sec to change it and cash is now much easier to handle responsibility. (You didn’t think...

I Am Being Misunderstood

  I hate when I screw up. The last few weeks have been exciting, upsetting, challenging and interesting. I stepped out with a big message – a new way of talking about money. How we spend money How we make decisions about money A new blueprint for money – one that is by you, for you I have had a lot of really positive feedback and I really appreciate those who have seen the most recent webinar. I have also had some negative feedback, and to be honest even the positive feedback has been different than I was expecting. The emails I sent got a lot of attention – unfortunately, some of the attention was not on the topic I was trying to bring up. The money message I have is about personal responsibility, so it only makes sense that I take responsibility for my part in this misunderstanding. I screwed up. I sent a couple of emails with language that seemed like I was launching an attack on the coaching industry. That was really not my intention, and on reflection, I understand why some interpreted it that way. For that I accept full responsibility. So, let me clarify. Here is what you really need to know. I am a part of the coaching industry and have benefited from the coaching I have purchased. I have many wonderful colleagues in this industry and I recognize the value coaches bring to the clients we work with. I, like you, have made money mistakes. Some of my best examples have come out of decisions I have made in the last few...

Are you slashing your own tires?

Stick-to-itiveness … what a great made-up word, and a great description of what it takes to succeed at achieving a goal. Sticking to it like glue. We use perseverance and determination, rewards and celebration. Only 8% of people who make a New Year’s Resolution are successful in keeping it. About 49% of people have infrequent success. I suspect that means that they stick to it some of the time. Goals around money and diets seem to be the most popular. I was talking with a colleague about food cravings. She said when you are sticking to a diet and you mess up with a craving, that it is all part of the healing process – part of recovery. It made a lot of sense to me. If you give into your craving, and then follow a certain set of actions to get back on track, it can be part of the learning process and actually be helpful in the long run. Spending cravings are not unlike food cravings. You are trying to stick to your budget and you mess up – you buy something that wasn’t in the plan, something happens for which you didn’t have money set aside. When you fall off the budget wagon, don’t beat yourself up, compound the error. “Well, I am already in so much debt, spending more felt like a drop in the bucket.” Three things you can do when you have a spending craving: 1. Don’t go to the store. If you are at the store, put the item down and walk out to the car or a bench outside. 2. Review...

Spring is here – I am so excited I wet my plants

Woo hoo! The weather has FINALLY warmed up here in Central Ontario. After a very long and cold winter, we have temperatures above zero Celsius for several days and the snow is starting to melt. Yeah! I saw this on Facebook and it cracked me up, so I just had to share. What happens when you are ready to get your spring plants? Where is that money coming from? Do you have a plan? This week’s article can give you a few tips to keep more money in your jeans … why don’t you stash it away for that trip to the...

Four great tips to keep more money in your jeans

Nine out of ten Canadians have a debit card and almost half of Canadians have three or more credit cards. Interac says that a third of us go to the bank machine at least once per week. That is a lot of plastic, and a lot of ready cash. We have a lot of transactions in our busy lives, and keeping the running total in your head can be a challenge. How do you remember what money has been spent where? Start with these four tips to keep more money in your jeans. Make Notes on the ATM Receipt Does it feel like your cash disappears right out of your wallet, so you find yourself back to the ATM? Next time, hang on to the receipt. As you spend the money you took out, make a quick note on where you spent it. Keep the receipt for at least two weeks so you can see where the money is going. Avoid double spending Armed with a debit card and a credit card, it is easy to double spend your money. At one store, you swipe the debit card and that money comes out of your account. When you use the credit card, you have to remember that money has been spent, and hold it back to pay the bill. When you make a purchase on your credit card, move that money right away so you don’t spend it twice. Pay the credit card with online banking, or move the money into a holding account using a free online savings account until your bill comes in. Keep Separate Accounts One...