Friday, December 18, 2009

Three Steps to Get Your Money Headed in the Right Direction

Personal Note: I believe Andrea’s analogy between weight loss and personal finance is very apt, and drives home a very important lesson: Sustained success in our finances, as well as other areas of our lives, requires conscious and deliberate search for knowledge, which must culminate in focused actions.


By [http://ezinearticles.com/?expert=Andrea_Travillian]Andrea Travillian

Trying to get your financial life pulled together can be overwhelming and confusing. You may know that you need help but don't know where to start or if it is even possible to get things turned around.

So you decide to ignore it and hope for the best.

If your doctor told you to lose weight or you would be unable to walk in a year, but you knew nothing about weight loss or if it was even possible, would you ignore your doctor and hope for the best?

Losing Weight is more than one issue

Losing weight is many issues that show up in one outcome. Not only is weight affected by your eating habits but also by your exercise level and type, your stress levels, the amount of sleep you get, mental blocks, health issues and many more! To lose weight you must figure out exactly what is causing your problem, and this is typically more than one issue in play!

Money is the same. The status of our money is affected by many things, including debt, insurance, overspending, savings, emotions and many more. To begin to fix your money problems you first need to figure out what is causing them.

Losing Weight is easier when you get help

Trying to go it alone in a subject that you are not familiar with can be overwhelming. If you have never lifted weights before you would have a friend show you the ropes, attend a class or hire a trainer. After all you don't want to hurt yourself the first day out!

Money is the same. While money gets easier and easier to understand as you learn more, it still helps to asking a knowledgeable friend, attending a class or hiring an expert can make things faster and easier. This reduces your times of making mistakes!

Losing Weight happens one day at a time

Most of us don't go to bed thinking I want to lose ten pounds and wake up in the morning and it is gone. Instead we have to adjust our lifestyle to include fewer calories, more exercise and a healthier relationship to ourselves and our bodies.

Yet again, money is no different. You don't go to bed thinking I am going to pay off all my loans and in the morning they are gone (unless of course you have the money and you just write the check). Instead you have to adjust your lifestyle to increase income, decrease debt, increase savings and build a healthier relationship with money.

Getting Your Money Body Turned Around

So how do you apply the ideas we talked about above to start your money transformation?

1. Solving your money problems is probably going to be more than one issue. So start making a list of everything that you can think of that affects your money. Then start reviewing those to determine if they are part of the problem. Then start working on those that needs adjusting.

2. When you are confused and need help, do not be afraid to ask for help. Help will you learn more and make bigger steps in the right direction.

3. Breathe each day and know that as you make positive changes they will eventually have an impact on your financial health. It takes every day making little steps of progress but you will get there.

Just like your doctor ordered you to lose weight or you would not be able to walk, I encourage you to get your money turned around or you won't be able to walk through your ideal life. The confusion and what to do will slip away with the following of these three steps. Why don't you start today and start planning for the best.

Article Source: [http://EzineArticles.com/?Three-Steps-to-Get-Your-Money-Headed-in-the-Right-Direction&id=3303229] Three Steps to Get Your Money Headed in the Right Direction

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