Holistic happiness can be achieved using financial concepts taught by Heather Wagenhalson the Keys To Riches™ Financial Wellness Series inKey 6:Take Emotion Out of the Picture.
Each week the Keys will features specific financial techniques to help your financial habits become healthy money management skills.
Listen every Monday morningon the Keys To Riches website where you’ll find our featured Key for the week from Heather’s Keys To Riches™ Financial Wellness Series.
This Week's Key:
Take Emotion Out of the Picture
Key Statement:
I know that I work hard for my money, and feel that I'm entitled to spend the way I want. However, to be truly successful at managing my money, I need to keep my passions in perspective, being excited about making money and conservative when spending it.
Key Affirmation:
I detach from my emotions when managing my personal finances.
Key Commitment:
I commit to leaving my emotions out of my everyday money decisions.
Key Action Item:
When you are feeling overwhelmed with emotion to the point of impulse spending, walk away, take a deep breath, shake it off, and allow yourself to calm down. Then you can be objective and ask yourself this: "Is there a positive financial return on this investment? Is this expenditure going to make me money down the road, or, is this the end of the road for this dollar as I invest it into this material object?"As we start focusing on putting our money where it's going to have a return, this will become easier over time. Good