The New Year, has begun and I am super excited! Today is the 1st blank page of your 365 page book. Are you ready to fill those pages with lasting memories? Let me ask you, is this the year for you to reap your rewards, whatever that means. Or is 2018 the year you will Be Intentional? One of the most powerful keys to financial success is to Be Intentional. What do I mean by being intentional? Before taking action or making an important decision that could potentially change your quality of life, stop and think about your overall vision. Will this decision bring you closer or create more distance between you and where you want to be? If you don’t stop and refocus, you run the risk of leaving your life up to chance. A chance really doesn’t care how you make your decisions or whether you are successful or not. You may want to ask yourself 3 questions:
1. Does this decision align with the goals I set for myself?
2. Is this decision worth my time and effort?
3. Can I afford to make this decision?
If the answer is no, then you really need to rethink your decision. Properly taking care of your finances can be hard work, you must have self-discipline and sometimes you must tell yourself No. Well let’s see if we can change that, we don’t have to use the word No, how about Not Now? Being intentionally financial takes into consideration how you live your everyday life; what you want, what you need, your expenses, cash flow, bills, credit, groceries, shopping, travel, etc. A quality financial life is a journey that starts with serious intentions. You must make sound decisions regarding how you manage your finances.
I am Felicia Petit- Frere, a Money Coach. My clients know me as Coach Fe. When I begin working with a client we start with their current state and map out a plan to reach their future state. Secondly I ask, What is your vision for your life? Then I delve into how they are being intentional and what they are doing different to help reach their vision. I have included 3 “important” factors I want you to think about along your journey.
1. Financial Mindset
Adapt a positive mindset when it comes to the money you earn, save and spend. Treat money with value because you work hard for it. Value money in a positive way and see it as a tool to help you survive, this includes the food you eat, the shelter you go home to, the clothes you wear, your children’s’ education, community donations, and fun. Don’t forget the fun!.
2. Money Habits
First, discontinue your old spending habits, “Be intentional”, start good spending habits today. On payday, pay yourself first, then your bills and whatever is left is what I call “Play Money”. I know it’s the hard sometimes but try to avoid impulsive spending and creating excessive debt. Take some time to plan, create a budget.
3. Financial Plans
Assess your current financial situation, you will use this assessment as your starting point. Create SMART goals based on your assessment detailing where you want to see yourself in 30, 60, 90-day increments. List them in a notebook with a checklist of action plans for each individual goal. Financial goals may include a specific amount of savings for an emergency fund, insurance, financial investment, education, or travel. Your goals can be short-term or long-term but you must set a specific timeline to achieve them.
History shows that many people live their whole life striving to reach their happy place. This is the point where they feel life is more enjoyable, because they have an abundance of money. Sadly, many never reach that point in their lifetime, and realize little too late that life has passed them by while they were trying to get there. Don’t get me wrong, I am not saying that there is anything wrong with striving to earn more money. However, if you are not experiencing life along the journey you will end up missing all of the beautiful opportunities along the way.
I am reminded of a quote by Miss Oprah Winfrey:
“Be thankful for what you have; you’ll end up having more.
If you concentrate on what you don’t have, you will never,
ever have enough”.
Practice being intentional financially. Become fully aware of how money works in your life and manage it in a way that can help provide security, peace of mind, and a quality of life that you and your family will enjoy.
©2018 by Felicia V. Petit-Frere. All Rights Reserved. Felicia V Petit-Frere, MBA is a financial coach, founder and CEO of Windsong Financial coaching LLC (WindsongFC.com) where we help you become financially fit one step at a time. Join me in a facebook group set up just for you, The Smart Money Maker, we offer free challenges, webinars and do it yourself or group programs.