While I was communicating with a friend recently, she asked me a question that I think many people can relate to:
“So, I need to spend money to learn about money?”
I found her question fascinating, considering that she mentioned to me previously that she probably wasted a lot of money because she hasn’t managed it well….
That the fear of wasting her savings is huge for her (she is a self-employed single mom)….
That she knows that she needs to confront this fear.Yet her fear of making a “money mistake” keeps her feeling stuck in doubts, indecisions, and money worries.
This experience reminded me that many people have difficult time with making financial decisions.
So, in this article I’m going to share with you my top 3 tips for making better financial decisions.
✅ Develop a habit to see everything through the lens of an investor.
When you spend money, by definition, it’s lost – there is no increased value for you, whether it’s monetary value or value in a form of better health, reduced stress, or elevated self-confidence.
What if you look at your decisions to pay for something as an investor?
“Will buying XYZ help me improve my health?”
“Will paying for an XYZ program help me get clarity, become more knowledgeable and confident, propel me toward my goals?”
“Will investing in XYZ potentially provide additional income and/or appreciate in value overtime?”
If you answer YES to any of the above, paying for XYZ is investing, not spending.
✅ Focus on Solutions instead of dwelling on your Problems.
Life tends to through a curveball when we least expect it and our response to challenging situations is crucial.
While it’s important to acknowledge problems and to understand what is causing them, it’s essential to focus on possible solutions.
During my recent Greek islands’ cruise, I met a widow, who lost her husband unexpectedly and was devastated not only by losing the love of her life but also by suddenly becoming solely responsible for making financial decisions.
She took time to grieve… then made a decision to focus on solutions to her problem, which was her fear of dealing with money and making bad financial decisions.
She bought books about managing and investing money.
Then attended some free trainings online…
And finally decided to get support and guidance by working with a mentor to help her become financially savvy and confident.
I am honored to be her guide on this journey.
Please anchor this statement in your mind:
🙏You’re More Resilient and Powerful Than You Know.
And when you choose to focus on solutions instead of dwelling on your problems – you activate your personal power and the forces of the Universe to support you.
That’s one of the topics I’m going to discuss at my new masterclass “From Worrying to Winning the Money Game.”
If it’s important for you to uncover and fix the potential problems that hold you back financially, I invite you to come to my new masterclass (see the registration link in the comments).
✅ Manage risk.
To be financially successful, you’ve got to learn how to invest and how to manage investment risk.
You’ve got to assess potential risk of loss vs potential opportunity for win and decide if this investment worth your while.
Here’s what’ve realized….
Everybody wants more money.
Yet very few are willing to invest their time, efforts, and money to figure out how to make it, keep it and grow it.
For example, I like to invest in my personal and professional growth and over the years invested hundreds of thousands in myself.
Some of these investments yielded great results, others… not so much.
But I am not upset about any of my investments because I know that ALL investments have inherent risk.
And the trick is to decide if you’re going to be OK with the potential loss because the potential win is worth it.
🔥If this sounds like something you’d like to dive deeper into and you are eager to develop winning money strategies, you’ve got to come to my new “From Worrying To Winning the Money Game” Masterclass.
🎯You’ve got to become financially savvy, so that you make better financial decisions.
And if you feel lingering money worries and fears about your financial future, it’s time to face these fears.
Because if you don’t face your fears, you’ll never conquer them.
You’ll never get past the fears.
And the longer you go without facing it, the more deeply the fears get ingrained in you.
Look forward to seeing you with us at my masterclass‼
To your Health, Wealth, and Freedom!🙏
