If your Finances were a plant would it be Growing or Withering?

If your Finances were a plant would it be Growing or Withering?

Having Financial stability and growth is not something that is acquired by luck or chance. It happens as a result of intentionally investing in key habits and principles coupled with the mindset of a winner, this will attract and cultivate the results you desire.

A key lesson we can all learn from gardening and the six plant growth stages is that the growth of a plant does not happen over night, a plant develops throughout time in various stages. This growth is dependent on the plant having the correct nutrients and environment in order to develop from the Sprout stage until the Ripening stage.

Similarly our Financial life requires essential 'nutrients' and the right environment in order to thrive. I'll be sharing 3 Key Nutrients that our Finances requires for there to be stability and growth over the course of the next 3 weeks.

NUTRIENT 1:

Effective Cash flow Management: it's important for you to manage your Expense to Income ratio effectively (if you want to know more about what that is, click the link https://www.instagram.com/p/CDHdJhxpwr3/ to a post on my Instagram that explains what it is and how to calculate it). You need to know where your money is going each month and putting strategies in place to minimise your expenses, increase your income and allocating your money in accordance to your Financial goals.

In order to be successful in your personal finances, you have to manage it as you would if it were a successful Business. If you are the kind of person who does not regularly review your expenses, assess your purchases or make assessments on affordability before making financial commitments to contracts, it is very easy to overspend or fall behind on payments if you are not reviewing and managing your cash flow. A lot of people are struggling in their finances because they mismanaged their money and in moments of desperation took out loans which they are reaping the consequences of today.

Every purchase that you make is an investment. In most cases, that 'investment' will simply meet a need or desire that you have short term, but it will not be something that will transform your life. This is why it is key, to always ensure that you are an intentional spender as opposed to an impulsive one. Impulsive buyers tend to hemorrhage money on things that are not assets, that will not benefit their lives long term. This increases the likelihood of you incurring debt which could be avoided if you were more rational with your spending.

If your current Financial situation feels like you are Withering as opposed to growing in your finances there is always hope, if you begin to take control of your finances by taking actions that will improve your situation, you will make progress! But you have to be committed to your transformation.

If you want to have 1-1 support and guidance on how to build a solid foundation in your Finances check out the Financial Coaching page or the Coaching Plans page for more information on the sessions that I provide and you can also view the amazing testimonials. You can also send me a message via the contact page.

Have a great day and next week Monday I will be sharing the 2nd nutrient that we need for our Finances to thrive.

Your Finance P.T

A life WITHOUT the Internet

Can you imagine a World without the Internet? For Millenials like myself and those a part of Generation Z, it's quite hard to imagine a life without the Internet. A World without easy access to all the answers you want and thing's you want to see. You could have £0 in our bank account, yet still travel around the world via the Internet. I often think to myself, if we had the Internet from the beginning of time, would some of the greatest inventions and discoveries have ever happened? Before the Internet when people had a problem, they had to SEARCH within themselves for a solution, or seek for the answers in books and the ideas of scholars. Essentially, they had to problem solve.They had to think, to find the solution or answer they were looking for. In today's society we no longer need to think for ourselves, if we don't know the answer to something, we can easily search for a solution on the Internet.

As much as the ability to easily access, a variety of information in a matter of seconds is great, this has created a sense of dependency on others to solve our problems. It has created a laziness and unwillingness in many people, to THINK for themselves. The aim is no longer to become a true problem solver but to have our problems solved, yet we so often put it on our CV's!

In previous Management roles I've had, I've been able to identify 2 types of people, problem presenters and problem solvers. Most people are problem presenters as opposed to problem solvers, this is very easy to identify in a work setting. I would often have members of my team, bringing problems to my attention, as you should when you identify issues happening in the workplace. However, they would present the problem but fail to present possible solutions to solve the problem; in essence they would present the problem and leave it on my desk for me to solve.

In many cases some of these 'problems' were minor issues and personal gripes with other colleagues, which could have been resolved without my input, had that person actually taken the time to think for themselves.

I would also have problem solvers in my team, who would bring issues happening in the workplace to my attention AND would suggest solutions, these are the kind of people that EVERY good employer wants. TRUE problem solvers, not just people who write this down on their CVs, but people who are critical thinkers who can analyse a situation and suggest possible solutions to solve that problem, as opposed to simply presenting problems for others to solve.

If there are roles that you would like to progress into or internal positions that you have applied for and have been unsuccessful in acquiring, take some to reflect on how you have been at work. Have you been a problem solver? Or have you been a problem presenter?

Have a great day, I hope you enjoyed reading this post. If you did, why not share it with someone? Until next week.

Your Finance P.T

Planners vs Executers

Happy Monday! I hope you are doing well. I'm sure you've come across the popular saying 'Failure to plan is planning to fail'. However, the problem for most people is not a failure to plan, but the way in which they plan.

Our technological society has created a dependency on the Internet and other sources of easily accessible information, when we are required to think, express our own ideas or problem solve. Quite often when we are in search of an answer to a problem, we 'Google' it instead of trying to figure out the answer for ourselves.

This dependency has removed the need to be a critical thinker and quite often when people plan out their goals, ideas, projects they lack a key component of what a plan should contain- DETAIL! If we look at the definition of a plan, it is 'a detailed proposal for doing or achieving something' we can then conclude that if our 'plan' lacks detail, it is not a plan at all but a mere wish list.

Having a plan for your life and goals is very important, as it allows us to have clarity and direction about how we want our lives to be. A lot of people lack direction in life, because they do not know what they want! Something I always advise my clients to do when creating their Financial plans, is to think about their ultimate goal in life and to structure smaller goals that will allow them to meet their ultimate goal.

How do you want your life to be, when you come to the end of your life? What are the stories you want to tell your future grandchildren, if you ever have any?

Knowing what you want in life is key to helping you to outline an initial plan, this may be adjusted as you progress in life and your goals may alter according to your ever growing vision. As important as planning is, you can have the most detailed plan in the world BUT if you fail to take the right ACTIONS, the plan will never become a REALITY.

Action, is what separates those who are Planners from those who are Executers. I use to be a planner, I would create detailed plans of what I wanted to achieve however, I lacked the persistence in taking the required steps to getting to where I wanted to be in life. The moment I started to adjust the way I planned, to include the actions and strategies I needed to take in order to see my goals become a reality and started to ACT on them, that is when I started to see immense progress and growth.

The truth of the matter is, we need to be Executers if we want to see our goals become a reality, failing to take the right actions is planning to fail. We cannot allow any room for fear, doubt, complacency or procrastination, these 4 things have hindered many people from living the life that they desired ,to have to having to settle with the life that is a consequence of their passivity.

I hope that you found today's post useful, if you found it helpful why not share it with someone? If you're not already subscribed, subscribe at the bottom of the page so that you can receive updates on new blog post.

Have a productive and fun filled week, after all life is short.

Your Finance P.T