Why Downtime Is Essential To Money Peace

For a lot of people who work hard for their money, they see downtime as a luxury they can’t afford. Downtime is frivolous. Downtime isn’t goal driven. Downtime might even be a detriment to your “status,” because successful people are perceived as being very busy. The past several years, many people have had ENFORCED downtime—it’s…

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Four Simple Steps To More Conscious Spending

Budgeting is a lot like dieting—it might yield some immediate support, but actually prevent us from succeeding in the long-term. Why? Because budgeting prevents us from reaching the ultimate goal of spending consciously. The Problem With Budgeting Budgets can be very motivating when you think you’re makingchanges that will increase cash flow immediately. The problem,…

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Starting The Budgeting Process

When starting the budgeting process, it’s easy to get overwhelmed with all of the little decisions that come up before you’ve even started to track one cent. To streamline the “getting started” phase, I recommend taking eight specific steps: Go high tech. Managing the budgeting process in a low tech way simply means keeping a…

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Fear and Anxiety Around Your Money

When you feel fear or anxiety around your money, it’s important to distinguish between the manufactured fear and anxiety your brain generates because of disappointment over your cash flow, portfolio or home value, versus the fear and anxiety you feel because you need to take (or avoid) action. People’s fear and anxiety become a constant inner monologue; reviewing…

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How To Evaluate Performance of Your Mutual Fund

When it comes to mutual fund investing, many people ask me how to evaluate the performance and quality of their mutual funds in their brokerage account, 401(k) IRAs, etc. Simply evaluating performance in terms of rates of return can be disappointing in our current environment; additionally, it doesn’t speak to an overall investment philosophy or…

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Money and the Blame Game

Lots of people play the blame game with money—you blame the person who “owed” you because you worked so hard, or tolerated something else that you thought would bring a greater payoff—but whenever you play the blame game, you miss the opportunity to gain more power, control and peace over your money. And when you…

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Recovering From Personal Budget Abandonment

No one can ever be perfect with their personal budget; there will always be moments when you choose to overspend in a certain area, because something holds a higher priority for you than sticking to your budget. This can be either a conscious or unconscious decision. But getting back on track doesn’t have to be…

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