Change Your Money Habits...Empower Yourself

What does it mean to shake our money free...to unleash the power of money? It is Empowering. It feels like dancing through life with your money and having the power to create the life and health of the wealth you dream of and desire. Think of it as a currency version of "Dancing With The Stars". I do not know about you, but I feel this is a very important part of the health of my whole being. It is Empowering. I am confident that it will help me personally and professionally to be more in control of my money through increasing my awareness and ownership.

Here is a "To Do" list that will change the way you handle money:

1.] Pay yourself first by signing up for an automatic savings plan.

2.] Get a will and a trust.

3.] Adopt the 48 hr rule; Before you make a purchase of anything over $100.00 wait 48 hrs!

4.] Find your credit score and protect it.

5.] Use a debit card instead of a credit card.

6.] Pay off high interest rate credit cards with money from your savings account.

7.] Sign up for a 401k plan at work.

8.] Review; home, auto, health, and life insurance policies. Are you eligible for lower premiums?

Here are some other good tips for improving your money & wealth management skills...

Be brutally honest with yourself. Tell the truth about your relationship with money. This means that you must be willing to admit you are in debt and know how much you owe, and how much you spend.

Define who your financial "Prince Charming" is; The one in your life you look to as the one who will always rescue you from personally taking responsibility for money.

Be willing to be uncomfortable. Realize that success lies on the other side of your comfort zone, as you keep focused on your profit motive.

Stop being vague with money. Notice the details. Keep a journal of all transactions, how much you spent and why.

The book "Make Money Not Excuses" by Jean Chatzky is an excellent reference. Get it...read it...absorb it. Dig down to your roots to see your "Money Blue".

Make a specific and conscious effort to add one new money habit each month. If you feel so inclined...make more than one new habit.

Empowering yourself by incorporating these simple but effective principals of good money management will improve yourself. It will drive discipline. It will force you to be responsible for yourself. It will make it possible to achieve your financial goals in life. It will Empower you!