What
and why
In dealing with people and their finances I
not only teach them what to do with their money, but we have to understand why
they got to this place financially. Everyone usually starts out thinking that
they are broke because they don’t make enough or that one certain circumstance
caused them to get behind and stay there.
Some times this is true, but not always.
If a person can add and subtract they have the head knowledge to know
when to stop spending. If financial
problems were just a math issue we would never spend more than we have. Personal finance is more behavior than head
knowledge. There is usually a behavioral
reason as to why we spend more than we make other than just not paying
attention or bad luck. Although paying attention is part of it, we also may be trying
to cover up an inward problem or a possible addiction. We try to treat the problem with spending
money to make us feel good. Financial problems show up, a lot of the
times, just a symptom of the real problem. Our financial problems can point to
the real issue when we unpack everything.
Bankruptcy attorneys tell us that filing bankruptcy will solve our
problems. Bankruptcy just treats the symptoms
and never changes the spending habits we have developed that cause the
problems. Once you determine why you are having
financial problems, and why you want to get out, you can determine what to do
to fix the problem. Money, or the lack
of it, can get your emotions in high gear.
We are created to use our mind as well as our emotions to get our
finances under control. It takes head
knowledge and emotional passion to change your life to go in the direction you
want it to go. Can you imagine your life
being debt free and having 3-6 months of living expenses in an emergency
savings account? If this sounds good to
you, start to change your life by finding out- why you are where you are at
financially,- and why you need to change.
These answers will tell you what you need to do. Let
me know if I can help you with your plan!
Tim West
Go West Coaching 6-30-13
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