Money This Week – Our Key to Knowledge is Power, Not Knowing is Powerful

Money Keys to Riches on UYWRadio
Unlock Your Wealth Radio Shares Money This Week: Our Key To Riches Number Four

The Keys To Riches™ Financial Wellness Series is a baker’s dozen of financial concepts that teach you how to think like the rich and be in control of your own money. It also gives you specific techniques to create or fix your credit, eliminate debt, save and invest, building wealth and happiness holistically, all while transforming your current financial habits into healthy money management skills.

Key Number Four:

Knowledge is Power, Not Knowing is Powerful

Key Statement:

I know that I work hard for my money, and feel that I’m entitled to spend the way I want. However, to be truly successful at managing my money, I need to keep my passions in perspective, being excited about making money and conservative when spending it.

Key Affirmation:

I detach from my emotions when managing my personal finances.

Key Commitment:

I commit to leaving my emotions out of my everyday money decisions.

Key Action Item:

When you are feelings overwhelmed with emotion to the point of impulse spending, walk away, take a deep breath,  and allow yourself to calm down. Then you can be objective and ask yourself this: “Is there a positive financial return on this investment? Is this expenditure going to make me money down the road, or, is this the end of the road for this dollar as I invest it into this material object?”As we start focusing on putting our money where it’s going to have a return, this will become easier over time.

 

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