Financial freedom allows other dreams to become a reality- the ability to construct your day the way you want it, to travel or to pursue other interests because you are free from scrounging for the basics in life.
Your finances are secure.
According to the US Census Bureau, in our lifetime Americans on average make over a million dollars. SO, why are so many Americans living paycheck to paycheck, struggling to provide the basis for their family? There are many reasons, but chief among them is how our attitude impacts money management. To deflect stress, many Americans use money as a coping strategy. A spending spree can shift your mood and give you a temporal burst of vitality after a hard day at work. The designer shoes, the latest flat screen TV, and dining out can lift your spirits – until the credit card statement arrives. Saddled with additional debt, creating a secure future becomes a little less attainable. Whether the goal is saving for property, retirement, or an emergency fund, it has now taken a backseat to debt. What can you do deter emotional spending?
Quarantine the habit!
My client, Cynthia, a diehard, impulse shopper, handed her credit cards to her husband for safekeeping for months as she wrestled with the root causes of her emotional spending. Another client Jeff quarantined an errant belief: “Freedom is doing whatever you want with your money – you earned it!” Each month his paycheck evaporated as fast as steam hitting the air. As a result, he often fell behind on bills, and financial freedom seemed impossible.
Budgeting was necessary.
The good news is that Cynthia is winning the battle against her impulses and is now discussing purchases with her husband before buying. As Jeff allocates money to meet his basic needs, he is feeling more in control of his financial future. They both isolated faults with served as roadblocks to managing their money, and in time they can build wealth.
Greater financial power is within your grasp. We can all improve our spending habits. Try this exercise: For a week, write down every purchase you make. At the end of the week as yourself: “Where am I overspending? Where am I making duplicate purchases? Where can I spend less? What can I get go of? Where can I purchase certain goods for less money? How can I curb my overspending? Do I need an accountability partner to report to? What other healthy habits can I establish to replace impulse spending? As you begin to confront your spending patterns and its root causes, you’ll enjoy more financial freedom.”
Rosalind Henderson is a certified leadership trainer and author for ten years. Her books include, “Negative No More, 100+ Ways to Upgrade your Life,” and her latest, “The ABCs of an A+ Workplace.” A product of renown leadership mentors, Dr. John Maxwell, Drs. Henry Cloud and John Townsend, plus her experience in educational leadership combines to empower professionals, and leaders with proven approaches, tools and mindsets to elevate performance and improve profitability.
You can contact her @ http://www.therosalindhenderson.com
Divi Meetup 2019, San Francisco
Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023
Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023 Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS...
California Buyers Still Can’t Afford Homes
The issue for California residential real estate remains the same. Poor affordability means that despite latent demand, buyers can’t afford the prices of homes in the Golden State. For that reason, many have left to find much cheaper homes in other states. Unemployment will likely be on the rise along with lower business profitability (tech sector continues to lay off workers) which means fewer buyers are likely for 3 to 6 months.
The stronger consumer optimism is running against sticky inflation and a likelihood the FED can’t lower interest rates. But will that discourage buyers in California? Demand is always intense in CA. No other place offers what California has, and buyers today do seem to put lifestyle at the top of their list.
The luxury housing market, like most other real estate sectors, is adjusting to a slowdown. Affordability and home size are every bit as much on wealthy buyers’ minds as other consumers. “The reality is we are coming out of one of the best real estate markets in history,” Gary Gold, a luxury property specialist with Coldwell Banker Realty in Beverly Hills, Calif., notes in the latest Coldwell Banker Global Luxury Trends Report. “But that level of demand and price appreciation wasn’t sustainable.”
Nearly 90% of respondents to the Coldwell Banker survey say they believe the real estate market will be better than or the same as 2022 for property investment. The following emerging trends were noted in the report.