L.L.O.P – Money

Money.  It’s a tough one for me.  I overall have been OK with money, I mean, sure wracked up some debt time and again, but found ways to pay it off.  Recently, in the past few years, I’ve kind of checked out though.  

I’m married and I’ve been more than happy to let my husband pay the bills, tell me if I can purchase stuff, and basically don’t look at what I make at my job, what’s in the bank account, or anything.  And it’s not because he is uber controlling about money or because he doesn’t want my help.  I don’t really know what my hesitation is around being more in charge of my own financial standing.

Maybe I feel like I will mess something up.  Maybe I feel relieved at not having to over analyze every penny I make and where it goes now after many years of having to do it all alone.  

I get some points for finding this Wealth Accelorator program we have since implemented and are seeing great results with but I’m still stand offish – and at this point n my life, I have the highest paying job I’ve ever had.  

In order to live life on purpose,  I know that I have to be engaged in different ares of my life – and I actually really enjoy looking at the budget and planning for things and the excitement of paying off bills.  

So here goes nothing – the first run of the Live Life on Purpose plan of mine.  I’m going to look at some of the leading financial advice and see what I think.  For that I’d have to consult the top two or three names that come to mind for me:  Suzy Orman, Dave Ramsey, and Natasha Thonkor.  

Suzy:  I picked the article that gripped me the most.  Here is a link to the article I pulled up about financial fears.  http://www.suzeorman.com/blog/financial-fear-no-more-three-steps-toward-financial-freedom/  

To paraphrase here are the three steps she outlines:  1. Face it  2. Create a New Truth 3. Own it.  

1. I’m supposed to write down my biggest financial fears — I put my family in a terrible financial situation, my husband disowns me and I die alone and broke and homeless.  How all this takes place, I’m not really sure.  But that’s it.  OR maybe it’s smaller stuff – just enough to be really stressful.  Like I have another business idea and invest some money into it and it fails.  

2. I have to recreate my own truth to overcome these fears — I have already made and taken huge financial risks and my husband supported me through it and when he had problems, he didn’t leave, he told me about the problems.  I have already overcome challenging financial circumstances.  I have not “missed” anything because I am no longer distanced from my own financial life, choices, and means.  

3.  Write down my new truth 25 times and say it 25 times… well to this one I say, not going to happen.  I’ll say it, and remind myself of it.  But I’m not going to write something 25 times.  I can think it – I can write about it but this is the equivalent of calorie tracking for money related issues and I’m not into the whole tedious tasks bit.  (This is why flossing is so problematic.)  I understand the intention, the potency of the exercise and all but I’ll have to find another way to own it.  I’m going to own it by being involved in budgeting, and instead writing down how much my paychecks are each day I get paid.  I’m going to commit to paying bills as a family event not a task my husband does alone.  

I began to look at Dave Ramsey’s page but initially felt very overwhelmed by all the stuff on it and the 7 baby steps I found still felt very large to me, I mean one of the steps is to have 3-6 months of monthly expenses in savings – when you’re broke this isn’t an easy thing to accomplish.  

And in a manner of law of attraction, manifestion or that new age good vibes way of thinking it may put people into a state of panic if they a) don’t have it b) don’t feel they can save it or c) all of the above which doesn’t help anyone get productive or feel empowered. 

I think for now, I’ll focus on Suzy’s advice first for my own experience and we’ll go from there.  So for me, my version of the own it step will to be knowing how much each one of my paychecks are and also envisioning being able to increase my income as needed.  

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