In my experience, the majority of people have some seriously bad attitude to money; rich and poor alike. Socio-economic group makes little difference. It just makes it easier to predict what the specific problem is likely to be. To help you make money work for you in 2011, here are my top ten (10) money symptoms. Are you on this list?
1. Don’t have enough to survive or thrive
2. Enough to thrive but not enough to keep up with the Jones’s
3. Have more than enough to keep up with the Jones’s & now messing with Jones’s heads
4. Obsessed with hoarding money
5. Obsessed with spending money
6. Have money but still not happy
7. In rampant debt by spending more than you earn
8. Won’t save but must purchase now
9. Money dysfunctional (e.g. addicted to gambling)
10. Aversion to any form of investment or management
The root problem is focusing on money as an end, not a means. Focusing on money as and end in itself rather than a means is a negative mindset. This negative mindset can create a preoccupation with lack, overabundance, hoarding and over-spending,
The answer is to maintain a calm and optimistic mind towards money. And never (never, never) focus on money as the source of your problems.
Make no mistake! You are the cause of your financial problems. You put yourself in the position you are in and the key to making it better is already in your hands. You simply choose not to use it.
It sounds harsh and unfair, I know. But sugar coating the truth won’t help you.
If you want to take the first steps to make money work for you and your family in 2011, try this:
- Stop taking financial advice from your family and friends
- Seek financial advice from a reputable professional and don’t focus on the cost
- Stop comparing yourself and your financial situation to others
- Focus on goals and positive action, not on money; money follows positive action
- Stop including Centrelink as a significant part of your New Year financial strategy. It is a backstop institution, not a mainstream funding source
Your financial situation is a reflection of your state of mind. If your mind is stressed, distracted, angry, jealous or resentful, your finances will reflect the negative energy you generate.
So try some positive thoughts followed by some positive action. And don’t slip back into your old way of thinking just because your plan hasn’t worked after one week.
Until next time!
My favourite portrait and action photographer can be found at http://www.spiralphotography.com.au