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09.03.2012
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Celebrating Labor Day

Shopping

Celebrating the American worker

This Labor Day I am reflecting on the social and economic achievements of American workers. Do I celebrate by working or taking the day off? Do I go shopping and take advantage of all the sales or do I stay home and resist the urge to spend to save? Spend or save – what is the right choice?

 

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08.14.2012
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Are you paying yourself first?

 

Safety rule #1

Ever been on an airplane? My favorite part is when the plane takes off – those rocky moments as the plane begins its ascent. My second favorite part is the safety spiel. The reminder that there are “exits here, here and here…” There is also the part about what to do in case the oxygen mask deploys. We are reminded to don our masks before attempting to help others. It is good to know that I have choices and that it is okay to take care of myself first – so I can help others.

This concept applies to our finances as well. We have choices and we MUST take care of ourselves first. This means paying ourselves first. The earlier we develop that habit, the easier it becomes. If you are just getting started it may seem like you do not have enough – this is an illusion. I know it seems counterintuitive. However, when you think about it – if not today, when? Tomorrow? Why put it off? If you started today and saved $1.00 a day, in one week you would have $7.00. In 30 days you would have $30. 00. After a year you would have $365.00 and a savings habit. Chump change? How about $3,652.00?  That is what you would have in 10 years. If you had saved $20.00 a day, you would have $73,040 in 10 years. That is without interest or compounding. What could you do with that? What could you do without in order to accumulate that?

Every day we make choices about what to do with our money. Many of these choices we make on auto pilot. We do what we have always done and wonder why there is more month at the end of our money. Why not try something different?

If you find yourself stuck – ask yourself this question, “If I believed this were possible, what could I do?” Then get quiet. The answer will come to you. Be patient. It may take some time. Rome was not built in one day. In the meantime, remember to pay yourself first. What could YOU do?

 

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08.09.2012
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Welcome to my Blog!

The name of my blog is Roadmap to Change. I chose this name because as a money mentor coach, I help people create their own financial roadmap so they can get and keep their financial house in order.  Often – this means change. The word change has multiple meanings. Change can mean to replace or remove something. Change can be about becoming or making something different. It also means to convert one currency into another or to exchange money for smaller units. When it comes to your finances, change (action) can lead to change (¢) and over time it all adds up.

Is Change good or bad? Depends on your perspective. Sometimes change feels scary. Change can lead to something different and many of us value the tried and true. Maybe we are not 100% happy with the status quo and yet we are not willing to rock the boat and take a chance on change.  We settle for less because we are afraid of making the wrong choice or losing what we have.  I have found that personally, when I take a chance on change, I am seldom disappointed. Things may not always turn out the way I want and yet somehow more often than not, I end up with something better than what I left behind. When I want something different, I do something different. Sometimes I take baby steps and sometimes I take quantum leaps.

I invite you to join me on this great adventure exploring how to change your money story and open up to a whole new world of possibilities! Stay tuned for more tips and ideas about creating change.

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