Every person should have a Fireproof Financial Plan in place in case of emergency. With this plan in place, you will be able to respond calmy and think clearly in the event of a financial catastrophe…….
Let’s talk about the story of two families.
Both families have identical incomes and follow the exact same budget without fail. (That means neither family made a single expense that was not budgeted for throughout the twelve months.)
You would think that the two families — with their identical income and spending patterns — would do equally good (or equally bad), right?
And from a budget point of view you would be right. Both families earn the same and spend the same – so the “bottom line” of the budget (income minus expenses) would look the same.
But as you will now find out… One family met all of their expenses without missing a beat… And the other family ended up deep in the red……..
What’s Your Attitude?
Now, if someone comes along offering to help you to get better with money, what is your attitude?
− I don’t have a problem
− I need to do this all on my own
− I’m planning on winning lotto
− Things will be better when I just get over this current hump
Perhaps more than anything, the most common attitude is “I can’t afford it and anyone offering to help just wants to rip me off”. This is a very common, self-preservation type response, but if you think about it, if your car breaks down you get it fixed but you don’t get all suspicious of the mechanic making some money out of your car problem; nor do you think the vet is a crook because he sends you a bill for diagnosing and curing your pet dog. You simply have a problem, you need a solution and you understand you will need to pay for it.
Once upon a time there was a Budget named Buddy. He was a sad and lonely Budget, because he had no friends. No one would spend time with him, and in fact everyone gave him a wide berth, because he was a budget, and they knew what his sort were like.
Prejudice can be an ugly thing.
Buddy the Budget despaired at ever finding any friends. His category slots sat empty, his lines were fading with age, and all of his rows and columns were in disarray. It had been so long since he’d had a formula to calculate, he wasn’t sure if he remembered how. The thing he wanted most, in the whole wide world, was for someone to come along and give him some numbers to play with. Just a few, he wasn’t picky. They could be big or small, there could be a lot of them or just a few. After so long alone, all he really wanted was someone to pay attention, and someone to care.
So the relatives have arrived and it’s raining. What do you do with four adults and four small children in a tiny house for six rainy days?!
You indulge in six full days of joy, love, adventure, new experiences, laughter, and fellowship, and don’t spend a cent!
Let me share a story from one of my clients……
Recently I had a chat with a friend of mine and her 4 sons. With the current holidays I asked the boys a question, “What would the perfect holiday look like to you?”
Their responses didn’t surprise me as I knew they all loved the outdoors, however what did surprise me was that not one of the boys mentioned technology in any of their answers, and many of these activities were at no cost.
Many people I know struggle financially, so this year I’ve decided to give really useful gifts that a person would often buy for themselves anyway.
These gift ideas are not just for Christmas either! Think about what to buy for your friends and family throughout next year for birthdays and special occasions and help save them money!
So what are my Top 12 Really Useful Gifts?
The Mission is Simple.
Your client needs a personal cash flow budget, so that you can find and re-direct some of their surplus funds to start achieving other financial goals.
I have partnered with Kellie Pamic from Money Chief Spending Planners to provide a range of programs designed to teach people how to manage their finances so they can see a way forward to home ownership, investing and even retirement planning.