First off, a big thank you to Janet Louise Stephenson, the butterfly maiden,for her great suggestion! She thought it would be helpful to look at recovering from financial set backs, even starting over from scratch. Great idea! All of us experience set backs from time to time, and some of us will have to start over with nothing. One thing I really like about this topic is that it will be a refresher and reminder for me. I have recently purchased a new home and acquired a new dog. And I find that, maybe like you, I need to update my financial habits to fit my new reality.
As I was letting this idea percolate in my brain (a fairly stable piece of grey matter with a few air holes for ventilation) I wondered what I could bring to the table in this discussion. After all, people have been studying and writing about personal financial planning forever, and we still make mistakes. Hmmmmm, can I bring a unique point of view and add real value here? What do I have to offer and why should people listen to me?
Can we be real, just for a minute? Yes, it’s true that I have a solid background in Personal Finance, both in the academic world and in real life. But, after all, don’t most of us KNOW most of this stuff? It’s DOING the right thing that’s the trick. And that’s when I realized, it’s my lifelong interest in transforming change that makes me a little different than many of the experts. I admit, sometimes I studied change because I had messed up so badly I needed to reinvent something about my life-but those are the lessons that stick.
Here’s the tentative outline to get us where we’re going:
The Winning Why-you must have this to get you through the challenging times
Gluey Goals-learn how to make your goals stick
You are Here-moving out of denial
Bridging the Gap-between where you are and where you want to be
Mastering Motivation-helpful skills and techniques to keep a strong start going
The Starting Point-You are Here with an emphasis on finances
Pick the Low Lying Fruit-do the easy things first
A Spending Plan
Smart Purchasing Habits-how to handle big purchases
The Rest of the Story-can you increase your income?
Residual Income and Retirement
Odds and Ends-some tips and tricks that don’t fit anywhere else
Do you have success tips to share? I’d love you to leave a comment below.