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“I’m wealthy enough and I have enough money, I don’t need anymore” – said no one ever
If you read many financial planning blogs on how people are retiring early, traveling on a whim, and writing their own rules, you may be taking their straight advice to reach the same result. Save, save, save, budget, cut expenses out of your life forever. If it leaves you wondering, What’s the secret recipe?, you’re not alone.
While it’s always good to read reference material or find the most important tips, have you stopped to ask yourself questions?
Questions require self-reflection and elicit a deeper response. Questions provoke brain-simmering. When you let questions float through your mind, you stir up your cognitive ability, reaching into your deepest feelings. The edges of your mind will connect to concoct a spark of clarity that will throw the mental shades back. You will be surprised at the ideas and awareness that will surface. Flashes of creativity will pop to the forefront of your mind when you least expect it. Like, when putting dishwasher detergent in the little slot, you may think of the easiest change you can make to improve your financial status, then think, “Where did that come from? And why didn’t I think of that before?”
It may be as simple as asking someone for advice, looking up a book title in the library, or going all in on opening up a new investment account. Maybe you’ll figure out how to defer medical expenses when you re-instate your flexible spending plan. Maybe you’ll boost your savings by making a bi-weekly habit of transferring money from your checking to your savings account before you can spend it (a proven successful habit). Maybe you’ll pull all your credit card statements together and put them in order of payoff priority.
Challenge yourself to answer the following questions and see if you can create some new money habits or tweak your current methods.