Most people don’t manage money intentionally.
They receive money and spend it ALL on their immediate needs and wants, without having clarity about their long-term and short-term financial goals and priorities, and without having a strategic plan for achieving their goals.
So, there is no surprise that SO many people feel that their money situation is out of control….
Even high-earners (people who make multiple 6 figures) often live paycheck-to-paycheck and worry about money and their financial future.
Having money doesn’t make you good with money!
Because it’s not what you make that matters the most… It’s what you do with what you make!
And current economic environment – impending recession, persistent inflation, high cost of food, gas, and housing – only magnifies the unhealthy money patterns.
More and more people are worried about their money situation right now… and it’s especially challenging during the holiday season.
While you cannot control things like inflation, recession or cost of gas, you can control what you do with your money!
Saving and investing may not be as sexy as winning a lottery or marrying into wealth, but it’s much more probable and practical.
And I want to remind you that SAVINGS are seeds for your wealth.
So…let’s focus on how you can have more Seeds for Your Wealth.
In my Awakened Money Mastery program, clients use a protocol called “Money Mapping”, that I want to share with you today because it provides intentional control over their money instead of being stressed out over it.
There’re 4 main money buckets you can choose to direct your money to:
1. Lifestyle money bucket (aka MUST PAY money bucket: e.g. rent / mortgage, utilities, groceries, debt payments, internet, car insurance, clothes, medical insurance premium, etc.). Suggested allocation: ~ 50% – 70% of your income
2. Long-term Savings money bucket (e.g. emergency fund, house down payment, education, etc.) Suggested allocation: ~~ 15% – 20%
3. Short-term Savings money bucket (FUN money + Unexpected expenses: e.g. gifts, vacations, shoes, clothes, dining out, concerts, etc. + an unexpected plumber bill, dentist bill or a traffic ticket) Suggested allocation: ~~ 10% – 20%
4. Investments’ money bucket (Stock market: accounts like ROTH IRA, 401K and Rollover IRA, gold & silver, cryptocurrencies, rental properties) Suggested allocation: ~ 15% – 20%
The beauty of the Money Mapping protocol is that YOU tell your money where to go, instead of wondering where it went, paraphrasing John Maxwell.
And once you map your money across different money buckets, then you can then automate your money flow, so that you manage it by default, WITHOUT stress!
Look… I spent 6 months in France, but most of my bills in the US were paid automatically.
Here’s the bottom line:
YOU ALWAYS have a CHOICE.
YOU can keep complaining about circumstances that you have NO control over (like high inflation, bad economy, etc.) and reaffirming your limitations by the story you keep telling to yourself
YOU can choose to focus on finding solutions to your money problems that ARE in your control, get clear goals and priorities, and create a strategic plan to accomplish your goals.
And the best time to start is RIGHT NOW.
To your Health, Wealth, and Freedom!
P.S. Wishful thinking is not a successful strategy. Waiting for a better timing and procrastinating on taking decisive actions are the habits that got many people into enormous financial troubles.
Don’t let this happen to you!
Schedule your complimentary “Never Worry About Money Again” PRIVATE strategy session if you want to brainstorm solutions to your money problems, so that you can create YOUR UNIQUE PATH to financially independent lifestyle.
Go to https://SpeakWithMillen.com to schedule your NO-cost Private session.