Archive for the ‘Financial Coaching’ Category

Rags to Riches Celebs with One Thing in Common

Thursday, April 8th, 2010
Oprah with More Money
Oprah from Rags to Riches

An interesting article I just read talked about some of the most famous rags-to-riches stories the world has ever seen. Many of the examples in this articles document the likes of Oprah Winfrey, Jay-Z, Celine Dion, and J.K. Rowling.  And, as compelling as these stories are, and impressive I might add, this still is not the norm.  I guess what we can take from this article is you can make something out of nothing in terms of your financial health.  You do not have to have money to make money.

It is more important to have attributes such as commitment, consistency and control to put yourself on the road towards financial freedom.  These celebs share all of these attributes combined with the mind to succeed, and some opportunities or breaks, and became successful.  You can do the same.

The key is to have a system and a plan to get where you are trying to go, and motivation and coaching always helps!  I seriously doubt any of the people in this article saw themselves as who they are today; however, I can assume with great confidence they saw themselves achieving success!

Read this article from Investopedia.

Tyson, Holyfield, Pippen Need Help with Money Management

Friday, March 12th, 2010

This Yahoo article mentions the poor money mangement of former athletes, which is leading them to potential bankruptcy.   It’s sad but true. Worth millions of dollars while they were active in their respective professions, they are losing money within two years of retiring.  It stated that 80% of the players in the NFL and 60% of players in the NBA find themselves in this position – that is simply astounding to me.

How in the world can someone making hundreds of millions of dollars lose it that quickly?  (more…)

Money Monday Poll: Any Emotional Spending Regrets?

Monday, March 8th, 2010

We cannot deny it, sometimes we forget about saving money and spend based on pure impulse!  We hate the regret we feel when we come home and realize that we’ve spent TOO MUCH money on stuff we did not plan to buy in the first place.  Money management is a continuous journey, but we all can do it with the right tools and support. What’s your latest emotional spending experience?

We cannot deny it, sometimes we forget about saving money and spend based o',description:'
We cannot deny it, sometimes we forget about saving money and spend based o'})">

Housing Market is Going Back Up Again?

Tuesday, January 12th, 2010

Falling Home PricesDon’t be fooled by positive statistics and sayings such as, “there’s nowhere to go but up” just because the market has been so bad. It’s true that once the bottom is hit there’s nowhere else to go but up, but we need to remember how we got there to ensure we don’t land there again. It’s up to us to keep in mind that at the core of many of the market’s tragedies was us as individuals not managing our money responsibly and not living within our true means and, as a result, we must ensure that the same mistakes are not repeated. (more…)

60% Living Paycheck to Paycheck

Tuesday, January 12th, 2010

It’s interesting that over half of America is living paycheck to paycheck.  I read a pretty good write-up on articlebase that talked about this in depth.  We’re going to dive into some coaching pointers we all can use…

The most fundamental pathway to wealth is still having more money coming in than is required to go out in order for you to survive and to feel secure about yourself. Our expenses are normally made up of the things that we must spend money on to survive and the things that we purchase to feel better and more secure about ourselves–as a result both of these must be managed very closely.

What you need to spend to survive is usually directly related to the obligations you make surrounding where you live, what you drive and which service providers you choose to use. (more…)