Be Afraid, Be Very Afraid…
🎃 Scared of your finances?
It’s halloween time.
It's time to get scared and enjoy it.
Since you are choosing to face your fears and make it fun, how about finally sorting your money out.
OMG, screech, scream, tears and wringing of hands. For many people just the thought of facing their financial reality and money bits and pieces can cause a cold sweat to burst forth.
I know things may be pretty tough financially, and that is even more reason why you shouldn’t be burying your head in the sand and hoping that someone else will sort it all out.
There are 5 levels of money cooks.
The first three levels are money users, using money to exist but without a clue as to how to make it expand and create a feast in their life.
The top two levels are Wealth Chefs, creating abundance and financial freedom in their lives having learnt the recipes of wealth.
Burying my head in sand made me think of the level 3 type of money cooks.
They are the TV Dinner Money Cooks.
These Wealth Cooks are aware of the need to invest and usually participate in some form of pension plan for retirement. Sometimes they even have outside investments in Mutual Funds, Stocks, and Bonds.
But, TV Dinner Money Cooks prefer others to take responsibility for making their wealth feast with the result that few will ever achieve financial freedom. These people aren’t stupid, they are lazy.
They want to eat well but are not prepared to learn how to do it. They prefer others to manage their investments for them. When I say others, that includes your partner. If you are sitting on the sideline expecting your partner to sort that money stuff out for you, wake up!
TV Dinner money cooks are generally intelligent people but when it comes to investing, they are Financially Illiterate! They leave their wealthy future to chance.
One of the types of TV Dinner money cooks is the “Ostrich Stew” money cook – “Life Happens to them”.
The “Ostrich Stew” money cook comprise of people who have convinced themselves that they do not understand money and never will.
They make the following statements:
- “No one ever taught me what to do”
- “I’m just not very good with numbers.”
- “I’ll never understand how this investment business works.”
- “I’m just too busy to follow everything.”
- “There’s too much paperwork.”
- “It’s just too complicated.”
- “I prefer to leave the money decisions to the professionals.”
Then they justify:
- “But that’s okay because I have a great accountant.”
- “My stockbroker picks all my investments and she is a pro.”
- “We have a great financial planner.”
- “The Government will take care of me in my old age.”
- “My friend Charlie is a great insurance agent he handles everything for me.”
- “The Company looks after my pension; I can trust them.”
The excuses and justifications go on and on. All designed to relieve them from having to take responsibility for their own money and future.
It's time to catch a wake up! Nobody but you can take responsibility for your financial wellbeing let alone your financial freedom. Get advice from people who practice what they preach and are already successful with money.
Take your head out of the sand. Shine a big light on your current financial position, debt and all and then do something about it.
Here's to living our wealthiest lives,
P.S Learn more about the different money types and figure out which one you are in my 5 Day Wealth Made Simple Challenge.
If the last few years have taught us anything, it’s that the world has become an uncertain place.
Whether it’s a recession, tough job market, or a global pandemic… the only way to have true security and freedom is to create it yourself.
The ultimate freedom and security is having a robust portfolio of diversified assets growing in value and earning you the money you need to live the life you want… plus a wealthy money flow so you can spend your time and energy LIVING YOUR LIFE - YOUR WAY.
