Your life right now is a story! And you my friend are the amazing author. You get to write the pages of how you realllly want to live your life.
If you are looking for something more substantial around your money then please DO read on. But this does come with a warning. I’m about to call a fairy wand a fairy wand ( or as some would say it ‘call a spade a spade’)!
So, let me guess. Right now you work hard. Your life is busy. You have money coming in the door but somehow it’s only ever just enough. You are able to enjoy a holiday here and there, and you have the occasional spending blow out which you scramble to pay off. And, when you look at your bank account it’s not exactly swollen with bundles of cash.
I gotta say it. Somehow this sounds all too clichéd. Clichéd because this is the same story we always read and hear about. Clichéd, because too many women are in the same boat. And clichéd because it’s so ‘normal, (meaning your girlfriends are all in the same situation) chances are you don’t even stop to question whether the picture could be any different. And, if you do, this is swiftly pushed to the background because you either don’t know how to manifest this. Or, there’s an underlying belief that you really aren’t the Cinderella in your own story. So you go back to your life as it is and choose to accept clichéd as ‘normal’. There I said it!! Sorry! But it’s true.
Quite honestly, this is less than acceptable. And the fact that we tolerate it is even worse! When I drill down on the numbers with women, most are totally underachieving on the money front. This is often justified with a whole pile of reasons, blame and excuses for why they do not have more which really just serves to externalise their responsibility!
So I declare that it is time. Time to get off your butt girlfriend and go after what you really want. There is actually no logical reason why you can’t have what you want financially. Your life does not have to be one of ‘just’ making ends meet. There are oodles of opportunities for you to not only earn more money, but be more resourceful, confident and in control of larger sums than what you already are. But a fairy wand is not your answer.
So here are my top 5 tips for getting started.
Perform a ‘net worth’ audit
Write down the value of everything you currently own, and everything you owe, i.e. an assets and liabilities list. From this you can work out your net worth i.e. subtract your liabilities from your assets. This will give you a starting reference point which is important as you start to track your progress.
Work out your monthly spend
It’s time to figure out where you money is going. You will have constants like debt repayments (mortgages, car loans, health care, credit cards etc.) as well as variable costs month to month. As tedious as this may sound, this is probably THE most important step to getting ahead. You simply must figure out where your money is going otherwise your fairytale will forever stay that way. Once you have determined your baseline of money coming in, and money going out, then you can start to be more calculated in how you go about creating your Financial future. It’s all about cash flow!
Put more cash in your pocket
Once you know what’s coming in and what’s going out, it’s time to redefine these two variables! It requires you to think bigger about what you want with a commitment to both a) making more money (instead of just a fixed income), and b) spending less. Anyone can make more money, but usually this is coupled with spending more. The trick is to earn more and spend less, and you will quickly draw ahead in no time. What ways can you generate more money? What ways can you spend less?
Spank the debtPaying debt off is a sure fire rapid way to increase your cashflow. All the money that you are currently feeding the bank in interest is far better when left in your pocket. So bring on your Wonder Women powers by paying debt off as fassssssst as possible. This frees up cashflow and gives you surplus money that you can then use to ‘Grow Your Money Wings’.
Decide what you want financially
This sounds too simple right? But how will you know where you are heading if you haven’t decided where you want to go? Start with what I call ‘expanded thinking’. It means moving outside of your current reality (which is really just the story that you are writing for yourself) and start authoring a new one. Be very specific. Get crystal clear on what you want. Understand also, that you do not need to know how this will happen just yet. Write down in dollar terms, how much you want per month, what you will use it for, how your life will look, and how you’ll feel about the change in yours circumstances. By writing this down as descriptively as possible, you will bring crystal clarity to what it is you are actually seeking. And, you are sending out your clear intention to the Universe for what you want.
Have fun with it – Money loves the positive energy, so stay upbeat and positive.
You are on your way to ‘GrowingYourMoneyWings’