Posts Tagged ‘anxiety’

House Rich, but Savings Poor – A Great Example of a Financial 1/2 Truth

The following short summary for financial advisors of a recent study on savings and debt levels in Canada got my attention, and not for the stats it revealed, rather for what it isn’t say – as always…

My comments are written in italics for you to see why our current world view of finance is NOT God’s plan – no matter how much we try to add scripture to support a debt free lifestyle.  God’s plan is for increase and sustainable income that benefits everyone.  A financial model that focuses on saving for retirement for self isn’t sustainable, and in fact feeds the self-focus that leads to a life of debt.  This doesn’t mean ‘don’t save’ it means that saving is only 1/2 the truth.  God’s plans are about Him, community, and increase – not about lack, uncertainty, or financial slavery.

The latest Manulife Bank Homeowner Debt Survey reveals many Canadians find it difficult to pay for today and plan for tomorrow.

  • Only 4 in 10 are very confident they’ll save  enough for retirement
    • We don’t actually need savings in order to leave work.  We need income to support the plans and purposes God has placed in each of our hearts to fulfill.  The concept of saving for retirement assumes that you will then use or draw down those savings (or hope to accumulate enough savings to live on the interest generated from them. The common teaching is to grow the savings, then live off your savings and hope you have enough after you ‘retire’.  Mathematically this requires approximately 1/3 of your after-tax income in order to maintain a similar lifestyle after leaving work and invokes fear and insecurity over ‘not having enough’.   
  • 1 in 4 expect home equity to make up more than 80% of their wealth at retirement
    • Another ‘depletion’ strategy that anticipates drawing down savings, and encourages chasing high returns in order to accumulate savings and / or equity.

Faced with rising housing costs, homeowners struggle to balance saving, debt repayment and daily expenses. [Interesting how the concept of earning additional income through entrepreneurial thinking isn’t even mentioned as an option]

Many may arrive at retirement house-rich, but savings-poor, which could require them to make difficult decisions [A series of defeatist, depletion-type strategies not in alignment with God’s plan for increase, abundance, generosity and prosperity in ALL areas of life]:

  • retire later than planned
  • accept a lower standard of living
  • downsize their home
  • borrow against home equity

Helping your clients achieve the right balance of saving, spending and debt repayment can start with a simple conversation. Visit the Solutions Centre where you’ll find tips to start the conversations, debt-management worksheets, and more insights to support your advice.

Thinking and Doing

Have you ever started a project then found out you were missing a key piece of information, a required tool, or important ingredient? Typically when you set out to build something you organize your plans, set aside the time, gather your materials and with eager anticipation you begin. I’m sure we’ve all experienced that sinking feeling when you reach for something you’re sure you have, or that you know was working a minute ago – and – at the moment you’re ready to move forward – nothing. It won’t start, it’s missing, it just can’t be found.

Financially, this situation can occur in many ways, often when you’re looking for a receipt to return something to the store or at tax time. It might also show up when you’re sure you transferred money, paid a bill or sent a notice to change something in your financial portfolio, and based on your belief that that transaction had been completed, you set out to do something else only to discover that there wasn’t sufficient funds, or the bill didn’t get paid and you were charged fees, or your transaction wasn’t completed.

Whatever the situation is, the result is lost time, lost money, lost opportunity and stress. Unfortunately, these situations occur regularly and because our lives are bombarded with increasing amounts of information and ‘to do’s’ the day-to-day stress of handling even basic financial transactions can leave you overwhelmed, exhausted and intimidated to take on anything different.

Think about it: finding someone to talk to, making an appointment, completing the paperwork, filing the paperwork, getting set up to access, monitor and track the new account, strategy, or system, making sure there is proper paper and electronic bookkeeping for tax purposes, passwords, yearly accounting, perhaps record keeping for estate purposes, plus ongoing marketing information that comes in the statements and by email, and making sure you have proper security because it seems that someone, somehow will find a way to try to defraud you of your identity and your money. All this and that doesn’t include the overwhelming volume of choices to make in the first place

Let me tell you a story before you jump to conclusions that this message is just going to be another one of those pieces of information strategically designed to add to your stress, or full of empty promises.

A few weeks ago the newly launched MoneyMinding Foundation finally has its online programs ready to go live. Maybe you were one of the people who got excited about our mVillage and Project M home study program. Well, it turns out we (and about a dozen other companies) fell through a ‘corporate crack’ with 2 of the companies who were key ‘ingredients’ to our launch suddenly not supporting each other. We are a start up non-profit so didn’t have a lot of options except to find other solutions. Unfortunately those solutions don’t happen over night. This means our program launch has been more or less ‘on hold’ while we respond to your questions by email and phone and set up new systems.

All this is an important principle that has been put into practice during these past few weeks. That principle involves both thinking and doing. Actually, it’s more accurate to say it involves ‘not thinking’, and doing because of the significant connection between our thoughts and our actions which ultimately determine our outcome. This is likely not new information for anyone reading today, but perhaps the concept of ‘not thinking’ might be.

Our situation occurred after plans and strategies and resources were put in place and tested. This is different, than jumping out of the gate before preparing. Sometimes moving forward happens before all the specific plans and strategies are in place and that is part of the overall plan. Sometimes certain pieces are required and you will put a lot of time and energy and money into getting them ready before you move forward. Having a plan and rolling it out, to come up against an unexpected ‘curve ball’ is one thing. Not having a plan or strategy and jumping ahead and running into unexpected challenges is another thing. The latter situation will likely require you to go back to planning and strategizing. The former requires faith, patience and perseverance.

When you’re hit with a ‘curve ball’ in your plans, especially when you’re already cramming a lot of activity into a short period of time and you have expectations for a certain result to happen a certain way, at a certain time, your stress response is triggered by your thoughts being upset at the unexpected ‘problem’ that has to be resolved. The natural instinct is to immediately turn our thoughts towards finding a solution. When this happens it creates a distraction from all the enthusiasm, peace, hope, and enjoyment that the original plan or activity held.

This diversion away from the excitement will unfortunately create a pattern of thought that determines a pattern of behaviour and ultimately the results we experience. The original positive experience has now been turned into a problem solving process where we are taken out of the good while you work to regain control of the situation. The problem with problem solving like this is that ultimately you are constantly thinking while under stress which means that the solutions you come up with will be influenced by your need to remove the stress and regain control, not necessarily to achieve the original outcome.

Back to my story: our situation had obvious financial consequences in terms of time and money. The immediate response is to ‘solve the problem fast’. However, that thought process led to a full array of possibilities each with a variety of consequences and outcomes. This in turn led to overwhelm, which led to a state best described as analysis paralysis. I’m sure you know what I mean: too many options, not enough time, big consequences of making a “wrong” choice.

The answer ultimately is to STOP, breathe, pray, write, and wait, yet keep moving. The ultimate solution is to do what you can, when you can, with what you can – essentially to stop thinking, yet keep doing. Because the process of pushing through and searching endlessly for a ‘quick fix’ to get you back on track to get the results means you’re reinforcing thought patterns that ultimately are not conducive to experiencing those results we’re all looking for – financial or otherwise.

With all this actually still going on in the life of The MoneyMinding Foundation, I thought it valuable to share the situation with you. This is a real life situation that will show up in one way or another for all of us that can easily send us into a downward spiral of stress and keep us stuck if we don’t STOP the cycle of trying to control all the circumstances instead of staying calm and staying the course.

Producing Abundance Despite Apparent Lack

47 During the seven plentiful years the earth produced abundantly, 48 and he gathered up all the food of these seven years, which occurred in the land of Egypt, and put the food in the cities. He put in every city the food from the fields around it. 49 And Joseph stored up grain in great abundance, like the sand of the sea, until he ceased to measure it, for it could not be measured.

53 The seven years of plenty that occurred in the land of Egypt came to an end, 54 and the seven years of famine began to come, as Joseph had said. There was famine in all lands, but in all the land of Egypt there was bread. 55 When all the land of Egypt was famished, the people cried to Pharaoh for bread. Pharaoh said to all the Egyptians, “Go to Joseph. What he says to you, do.”

56 So when the famine had spread over all the land, Joseph opened all the storehouses and sold to the Egyptians, for the famine was severe in the land of Egypt.57 Moreover, all the earth came to Egypt to Joseph to buy grain, because the famine was severe over all the earth.  Genesis 41:47-49,53-57

The story of Joseph has been told so many times and offers so many lessons that sometimes it’s easy to think we know the story and that’s that.  However, when you stop learning you become complacent and ineffective and self-centred – not exactly qualities of following God’s will.

A couple of years ago I was asking the Lord for some insight to why the commonly accepted financial wisdom was to accumulate money for the future (not that this is bad, it’s the emphasis on it for retirement that is perplexing)  He lead me to the story of Joseph and revealed some interesting principles that address so many financial issues that cause uncertainty for people today.

Typically the interpretation of what Joseph put in place in Egypt after interpreting Pharoph’s dream of 7 years of prosperity followed by 7 years of famine is that the Egyptians saved up the food during the good years so they wouldn’t starve to death during the famine.  It’s interesting to note that the passage doesn’t mention any fear running out or not having enough, nor does it mention storing the food just for the Egyptians.

What the passage actually says is that the Egyptians produced the food from the land and it was collected and stored in the cities throughout the country.  When the famine came, the Egyptians sold the food locally and to people who came from abroad.  Producing the food from the land, meant they processed it in some way and selling it meant they created income from their efforts.  In this way, what they created was a sustainable economy.

It seems to me that God provided fruitful land from which the Egyptians could work together at the local level to use their talents to produce goods that benefited them and others.  Because the produced food was available in cities throughout the country they had a distribution network so the produce was accessible to and beneficial to many people.

Today to produce abundance means despite an apparent lack or gap I resources, means you have to first focus on the prosperity that you do have available, then find a way to produce something of value to others; particularly something that is essential and consumable.  Then work with others to create a system to sell your goods.  This is the entrepreneurial spirit of infinite possibilities that creates abundance, rather than stockpiling for personal survival with a concern that you might not have enough or might run out.  Your plan doesn’t have to be huge with a worldwide audience, it just has to start with a mindset of creating a sustainable income in your personal economy by considering the needs of others as well as yourself.

You can read more about the consequences of our current thinking around personal finance following the accumulation model in The Death by Money Report available at www.deathbymoney.com

Do You Have Plans for Prosperity or Are You Just Hoping?

For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future.Jeremiah 29:11 NIV

When it comes to money, I am convinced that the majority of people today would likely interpret this verse for themselves as, ‘…plans to hopefully prosper me financially, not to cause me to suffer financially, plans to hopefully give me a brighter future.’

Of course, I could be totally wrong, but if the percentage of people I talk to on a daily basis about some aspect of money is any indication, then I would be inclined to say we have an epidemic of financially worried people carrying a virus of doubt and fear into the majority of their everyday financial decisions.

If the  Lord ‘declares’ that He has plans to give us a hope and a future, then any sort of financial doubt means we are fretting needlessly.  This leads to guilt, and self-condemnation, which in turn creates a downward spiral of low confidence and ultimately a self-sabotage of more lack.  Certainly this isn’t the life the Lord has planned for His people.

Obviously if breaking this paradigm was as easy as saying, ‘just believe’ then any positive thinking, self-help book would have the answer and anyone who’s read one would be rich and successful!

But what is prosperity anyway?  It’s not dollars and cents, and it’s not something we do on our own.

To apply the prosperity mentioned in Jeremiah 29:11 to money in real life today, you have to start by recognizing whenever you are trying to control some aspect of money in your life:  spending, saving, giving, insuring, borrowing, paying, earning, judging others, working, comparing, wishing,…(or not).  Then whenever you catch yourself in some aspect of financial doubt, lack, or judgement, simply thank the Lord or all He has provided and praise Him for knowing the plans He has for your life.  Do this for a day, then a week, then a month, and keep going…you are building confidence which is the foundation to help you learn and apply additional practical strategies to your ongoing real life financial decisions!

If you’d like to join me and others to explore God, Money and Real Life, please contact me at tracy@moneyminding.com or 250-592-0457 for more information.  Or make sure you read The Death by Money Report available at www.deathbymoney.com for additional information on the paradigm shift required to make immediate and lasting positive financial changes to your life!

 

 

The Eye of the Storm

Money has a way of stirring up a hurricane in our lives.  Whether something happens from a an unexpected event or whether it’s a decision that needs to be made about buying, borrowing, or investing, on a day-to-day basis, money affects EVERY area of our life.

Navigating the real-life challenges and day-to-day money decisions in your life requires a certain amount of knowledge, skill and confidence depending on the situation.  Applying all three of these areas at the right time and in the right way is a process and also requires faith.  It’s all these things working together that can create the calm in the midst of some of the biggest financial storms.

Money isn’t just technical know how.  Whether we like it or not, throughout the ages money has power and is a very emotional, controversial subject.  Bringing God, Money and Real Life together is equally as controversial and emotional but also provides a foundation for God’s blessings for powerful results beyond what we could potentially ask or imagine on our own.   

Beginning Friday, September 7th from noon 1:00 pacific time for 4 weeks during the season of transition from the relaxing, bright sunshine of summer, to the cooler, busier days of fall, I invite you to join me on a journey through the storm to discover and apply God’s wisdom to real-life money decision making today.

The program includes 4 live and recorded Teleseminar lessons and weekly homework so that by the end of September you will have fresh new insights about integrating God’s word and real-life money knowledge for earning, managing and maintaining wealth today.  The objective is to discover and apply the learning so that by the end of the month you will have new knowledge, new skills, and an action plan for you to incorporate this information into your own life.

Plus, if you’re a financial professional or counsellor who works with people and their money, you will have new tools, strategies and resources to help others navigate turbulent money situations.

Registration is $99 here, or in keeping with the principles of giving and sharing, you can also make a donation of any amount here in order to participate.

If you register and pay in full before the end of day Friday, August 31st you will also receive access to the full original MoneyMinding Makeover course valued at $250.  This program has produced worldwide testimonials because it provides simple, sequential steps of short information pages, followed by the exercises, templates, questionaires and specifics needed to implement the information into your life.  It is timeless, generic, powerful information that is not and has not been taught in school or by mainstreem financial educators!

If you’re not sure you can make all the sessions live, that’s ok.  You’ll have access to all the recordings and materials and an opportunity to interact and ask questions with the group regardless.  And if you still have questions or are not sure if this is the right program for you, call me directly at 250-592-0457 pacific time.

Blessings,

Tracy

PS – There is so much unsettling financial news today.  Now we also have hurricane Isaac occupying the news and adding to the unsettling financial news.  Thousands of years ago, Abraham trusted God with a very unsettling situation and acted in faith with preparing to sacrifice his son, Isaac.  No doubt there was great turmoil throughout this interaction before God stepped in and provided the sacrificial lamb instead of Isaac.  Today I pray for the families affected by hurricane Isaac and I pray that there is no financial hurricane causing turmoil in your life, or if there is, that you are able to weather the storm and find the peace that surpasses understanding in the eye of the storm.

Are you making money decisions from a spirit of fear, or spirit of confidence?

Decisions made from fear are more focused on the potential loss, risk, harm, or missing out.  Confident decisions come from applying the necessary skills and knowledge to analyze a situation from a practical, business-like position.

For example, if you have recently read something about investment fees and other negative impacts of active money management you could be tempted to convert all your investments to an alternate type.  This same situation can happen if you experience a drop in the stock market and you’re tempted to pull all your money out and invest it in real estate or fixed income certificates.

Another common situation is the one where you feel that the amount you have saved is going to cause you to work for the next several hundred years in order to finally be able to ‘retire.’.  In an attempt to alleviate this fear, you perhaps make a decision to take charge of your finances and start attending seminars on how to reduce your debt and increase your savings.  The biggest challenge with this is that the overwhelming majority of seminars are offered by people who are selling a particular product to fit with the information they have just taught you, or they are people who do not have a professional background and are therefore presenting strategies that are from their personal experience (which is good), but won’t have the connection to the technical aspects of the financial industry.

This situation leads to decisions that are often made with partial knowledge such as looking at reducing interest rates on mortgages or credit cards, but inadvertently reducing your long term flexibility or ability to access credit.  Credit scores are a complex serious force with far reaching consequences.  Anything at all to do with credit must be carefully calculated and considered with expert consultants.

So what do you do?  A solid financial foundation of skills and knowledge was not part of any formal curriculum for every adult trying to make these decisions today.  Because of this, the knowledge gap isn’t even recognized so we have decisions that appear to make sense on the surface based on ad-hoc, circumstantial information, but ultimately require a leap of faith to implement.  This type of decision making ultimately ends up being more like unconscious gambling, rather than a methodical, calculated, confident process that connects all the unique person circumstances to a desired outcome.

The first step is to realize that money is a dynamic, every increasingly complex situation, where decisions are not black and white.  Because of this, the component of the decision making process that can be controlled is your own values, priorities, goals, interests, passions, and unique purposes.  From here, the process of making decisions, implementing strategies and deciding on specific product solutions is a sequential balance of earning vs. spending; of saving vs. investing; of risk vs. reward; of growing vs. maintaining; and of the needs of today vs. the needs of tomorrow.

To find out more read The Death by Money Report at www.deathbymoney.com and plan to attend a Death by Money, Life by Faith interactive workshop.   The next live one is June 7th at 7pm PST.  Registration is required and attendance is by donation.  info@moneyminding.com

 

 

Why Envelope Budgets Don’t Work

In years of studying and working with the application of real-life financial strategies for success, the envelope concept of budgeting has got to be the single worst commonly accepted strategy for successful money management I’ve ever seen.

Is there anyone who hasn’t heard that crash diets don’t work?  The reason crash diets don’t work is that the concept is to deny and sacrifice desires.  This idea forces you to start thinking of chocolate cake and other fatty, yummy foods and of course, what you focus on becomes the ultimate motivator.  For a short period of time a restricted diet can appear to accomplish the desired goal, but what’s not commonly recognized is the long term negative impact that the diet does to someone emotionally.  From they moment they deviate from their diet, their brain adopts a guilty conscience and inflicts a barrage of negative self-talk about how they have failed and they can’t follow through and they’ll ‘never’ be able to lose weight, etc. etc.

The concept of an envelope budget starts by taking your income and allocating it according to personal expense items.  The amount for each pre-determined category, such as food, entertainment, automobile, etc. is then subtracted from the income and placed in an envelope or other safe place.  Whenever you have a need to purchase something from that category, you simply go to the envelope to take the required cash.  Immediately you are putting yourself in a place of judging your desires from a critical perspective.

It is definitely important to evaluate your spending to make sure your expenses are aligned with your values and desires, but the restricted budget forces you to start with what you have and make sure you stay within that ‘box’ in order to manage your money on a day-to-day basis.  Yes, systems are critical to have, but we are adults and should be looking at our finances like businesses rather than children who need a curfew.

This envelope budget concept is even worse than the crash diet because during the period of time that you are trying to follow the envelope strategy every time the reach into an envelope for money, you end up calculating how much money is left to be sure you don’t run out.  The concept is essentially reinforcing that money is a scarce resource and that if you’re not careful and watch your pennies you’re going to run out.

When you constantly reinforce scarcity and fear and restriction on a day-to-day basis, you are also sacrificing confidence.  When you take this insecurity to a larger scale financial situation, like investment planning, it’s easy to see why people are hesitant to decisions.  They are fearful of losing money because they have been taught and reinforced on a regular basis that they had ‘better be careful, it’s all they money they have, and they can’t afford to lose it.’

The lack of financial confidence for the average family is of epidemic proportion.  And, we just seem to accept that these ‘in the box’ restricted, scarcity, fear based strategies are somehow going to help create a confident, competent consumer?

There is a huge piece of the puzzle that seems to be pushed under the carpet and not emphasized.  The missing piece is that budgets are ‘planned expenditures and a program for financing them.’  This means that you start with how much money you plan to spend, not how much you currently earn.  When you do this, you start asking yourself how you’re going to earn the money to pay for your desired spending.  This will automatically turn a budget into something more dynamic instead of something that looks like money coming into a funnel and running out the other end.  The true function of a budget is manage cash flow, which means you’re looking at money coming in and going out on a regular basis.  Sure, the spending is allocated into different categories, but it’s not restricted when you adopt a balanced approach to earning and spending.  This approach recognizes that the advice of ‘just spend less than you earn’ is the equivalent of trying to force a crash diet for money.  If you want more immediate, empowering and sustainable results you are far better off with a mindset of ‘earn more than you spend.’

…and for more on this make sure you read The Death by Money Report available at www.deathbymoney.com

Do You Want More Money Now, or Later?

There is no doubt that with, or without money, it’s a topic that causes uncertainty today.  In many cases, money anxiety can lead to divorce, illness, investment loss, business failure, family turmoil, and a life unlived!  The solution to financial issues, however, is a paradigm shift away from conventional wisdom that promotes ‘spend less than you earn, get out of debt and, save more for retirement’.  This is outdated information that is actually fuelling the problems!

My newest resource called The Death by Money Report, the causes of money stress and how a $10 solution can save your financial life is available online and I want to make sure you have access to it right away.  This timely information will challenge your thinking about money, yet provide immediately simple and helpful insights that anyone can implement into their life today – regardless of their current financial situation.

The Death by Money Report presents a powerful argument that introduces a whole new way of thinking about your finances in a way that creates opportunities to earn income that you didn’t know existed.  The report also provides an action plan for the practical application in the real-world for the concepts it introduces.  This isn’t just theory, this is about making positive steps that have the ability to change your situation (whatever that might be) right away!

To learn more about the report and the causes of money stress and how a $10 solution can solve debt and retirement issues by spending, not saving visit www.deathbymoney.com.  It’s well worth your $10 investment for the purchase.

To your success,

Tracy

PS – For a limited time only during this initial launch, when you purchase The Death by Money Report, you will also receive a special report on finding and working with Financial Professionals.  This is an additional $10 value, included free with your report to help you work efficiently and effectively with financial professionals who share your values for earning, and managing your money.  It’s available when you order from www.deathbymoney.com.

PPS – If you want to be part of a movement that helps others experience financial independence in a fresh new way, please share this message with others and ‘like’ it online.   Young, old, rich and poor, we all benefit when money is working for us, not the other way around!

 

Is it a revival or a renewal of your finances you’re looking for? www.deathbymoney.com

Revive literally means to start again or bring back to life.  This means that if you feel like you’re off track and have been suppressing your passions because you’re overcome with guilt, or fear about money, then likely you need some encouragement to strengthen your belief that you can live a life where there is enough money flowing into your home to enable you to feel exhilarated about your days.

Perhaps you’re feeling like your life is pre-occupied with money every time you venture into a store or are faced with opening another bill, or statement.  If you need a fresh look at the situation to help you overcome the stress and struggle of working to make money to pay your bills while also somehow managing to save for that distant fantasy land called retirement, you’re looking for a revival.

On the other hand, if you’re thoughts are burdened with anxiety around how you have drifted away from the life you thought you’d be living, or used to be living, before something happened to halt your dreams (a job loss, medical situation, investment loss, divorce, fraud) then you’re looking for a renewal.  You’d like to be able to continue with your former life, mend the broken situation and carry on.  Perhaps you just need to breathe new life into your finances to reinvigorate your life.  Or perhaps you’re aware that there are some areas of your financial life that really should be replaced, but you’re not sure how to transform the situation.  Either way, a renewal is what you’re looking for.

A revival or a renewal requires a change.  In order to change you have to give up on current strategies that aren’t working which will first require acknowledging that the current thinking must stop.  You have to awaken a spirit of financial independence which means removing the concept of retirement from any discussion or thought around your finances.  It also means that you have to understand that what feeds financial independence is income.

What you’re after is income that is sufficient to pay for the expenses for the life you want to live; the life God has placed on your heart to live, not necessarily the life pictured in magazines or on TV, or the one you think you ‘should’ be living.  Ultimately, this means you have to revive and renew the entire concept of income creation.

Income creation, and therefore financial independence, is not dependent on a budget that requires you to spend less than you earn so you can get out of debt and accumulate a big pot of gold to retire with.  Income creation isn’t dependant on you having a good job or career.  Income creation isn’t a special investment or new business.  Income creation starts with an idea, and requires you to take one small step at a time in pursuit of that idea.  Along the way, each step will have financial requirements and decisions with financial implications.  Here it is important to look at the numbers in new ways to help recondition and recreate your situation in order to re-establish a life of financial independence.

If you want to renovate your finances, you first need to stimulate your thinking which begins with the first baby step.  www.deathbymoney.com

 

What do you do when you suspect someone you know might be suffering from financial loss?

The post has been modified and expanded from a conversation I started in the FPA (Financial Planners Association) community with other financial professionals at http://connect.fpanet.org/FPANET/HOME/ because it’s a topic that is is epidemic in proportion, yet silent for the people it plagues…

Financial loss is unfortunately an issue that affects every area of life (like the death or serious illness of a loved on), yet unfortunately is something that most people are afraid to admit. This means that there is very little support for people who have experienced a loss of some kind. It also means that they will do just about anything to heal the pain, change the situation and keep it covered up. Sometimes the only people who will know the secret is their financial advisor, and maybe because that person has had to piece together the story to figure it out on their own. This means that you could discover a secret that your friend, family member, associate, or client is afraid to admit to anyone even people close to them. It also means that you could see them doing things financially that could make the situation worse because they are being lured by the ‘quick fix’.

Perhaps, you’re living this situation yourself.

The reasons for the loss aren’t necessarily as important as the fact that it has occurred. The situation could be caused by pre-meditated fraud, theft, an inappropriate investment that went sour, or job loss, divorce, illness, or accumulated debt. Regardless of the causes, it could very well be that you could be one of the few people who know the real story. What do you do? How can you help?

Or if you’re the person suffering in silence, what do you do?  Where can you get help?

These are huge issues because money has become such a taboo topic in our society.  Talking about it means you become vulnerable to judgement of others.  Yet the reality is that money is as necessary for survival in our culture and as adults we have received no formal money management training and there is very little support for the day-to-day decision making.  Financial planning and other financial services are not there to help with the emotional aspects of money.  Nor are they there to help you earn money to plan with.  That’s the fuel that begins the entire financial process and if that fuel isn’t enough, or has been lost, then what?

It’s a topic that needs some desperate attention.  We will help people recover from financial loss by restoring hope and reviving the ability to create income and financial independence – regardless of the past circumstances and current situation and how much has been lost in the past!

I hope you join me by discovering the causes of a lot of the money stress we have in our society today and how a $10 solution can revive financial independence.  http://www.deathbymoney.com/