the Creative Money blog
Even though we’re already “supposed” to have our resolutions ready to go in January, I always think this time of year is less about the nuts and bolts of personal financial decisions, and more about reflecting: what went well the past 12 months? What can be improved upon going forward?
You arrange your life to match your unconscious expectations of what amount of money you “should” have—this is your money set point. You have an upper limit that prevents you from busting through your comfort zone, and a lower limit that prevents you from financially crashing.
When you have financial goals and dreams that you never seem to reach, it might be because you’re resisting something in your current situation. You might have resentment or guilt over past money mistakes. Or you might have always told yourself that you’re not good with money. Or, you might be afraid to even admit what you really want, because it would disrupt your life so drastically—so you focus on the money aspects and remain disappointed.Next Page »