Tune in to this week's Keys to Riches Twelve: Practicing the Three R's as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

This Week's Key Number Twelve:

Practicing the Three R's: Review Revise Recommit

Key Statement: 

Now that I am on the path to financial independence, I need to see how much I have accomplished or strayed from that goal. I need to evaluate where I am now compared to three months ago. Then decide if I have to alter my plan because I may have new information. I may or may not need to make changes to my current plan. Regardless of changes made, I must recommit myself to my financial independence.

Key Affirmation:

I am great at reconciling my finances every quarter.

Key Commitment: I commit to quarterly Review, Revise, and Recommit to ensure my long-term vision for financial success is supported by what my daily dollars are doing.

Key Action Item:

Take a pencil to paper and review where we are, ask the three questions and five areas of concern Heather talks about in the Bushido Business Book, and make the necessary revisions, and recommit ourselves to our financial goals.

Tune in to this week's Keys to Riches Number 11: 'Forget the Perfection Principle' as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

This Week's Key Number Eleven:

Forget the "Perfection Principle" 

Key Statement:

I know that I am not defined by my mistakes, but by my successes. The speed and rate at which I achieve my success are not as important as the fact that I am continually moving forward.

Key Affirmation:

I am great at staying focused. I am great at forgiving myself. I am great at getting back in the game.

Key Commitment:

I commit to focusing on the progress of my financial freedom process!

Key Action Item:

The next time you make a mistake or the next time you make a financial decision contemplate the consequences of that decision up front.  If that decision fits your plan, then do it.  If it's against the plan, then you will avoid it and find something more constructive to do in place of it.

Tune in to this week's Keys to Riches Number Ten - Remember Real Estate as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

Key Statement:

Real estate is a tangible investment and, if I apply sound principles when making investment decisions, I can weather any economic storm successfully.

Key Affirmation:

I am a great real estate investor.

Key Commitment:

I commit to financial freedom using real estate.

Key Action Item:

Create a financial snapshot using the four layers of risk to determine how close you are to beginning real estate investment. If you're already there, take that first step and implement what that snapshot taught you about real estate investment and how to get started.

Tune in to this week's Keys to Riches Number Nine: Create Credit as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

Listen every Monday morning on the Libsyn Platform where you’ll find our featured Key for the week from Heather’s Keys To Riches™ Financial Wellness Series.

Key Statement:

I know that credit is a tool and not a goal for building wealth. I also know that credit is a continuing process and bad credit is not a death sentence.

Key Affirmation:

I am a great steward of my credit.

Key Commitment:

I commit to using my credit to build wealth only.

Key Action Item:

Pull your credit report and review it for inaccuracies.

This week's Keys to Riches Number Eight: No Seasonal Exceptions with host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

Key Statement:

I know that I am vulnerable when managing my money if I allow seasonal events and special occasions disrupt my savings and spending plan. I acknowledge that to become truly successful with my money, I must be more mindful during holidays and on special occasions because going overboard serves no one, especially not  me nor my family.

Key Affirmation:

I am a gracious recipient and thoughtful giver.

Key Commitment:

I commit to using Heather's "Card Up" Assessment formula when determining appropriate gift giving.

Key Action Item:

When giving gifts or remembering or commemorating someone's special occasion, begin with a card and work from there. For annual events and celebrations, sit down and create a plan for saving with your discretionary funds. It is easier and requires less intrusion with your daily dollars when you give yourself 364 days to carry out a sizable savings goal.

These are just some examples of things you can expect and work into your plans.  Be creative with you strategy so you can achieve financial independence AND still enjoy the fruits of your labors today.

Tune in to this week's Keys to Riches Number Seven: Break the Budget as host Heather Wagenhals finishes out our assessment and give us the most realistic picture of what our finances look like. Heather shares her unique way of breaking budgets and bad money habits to create a better more functional way to manage money.

Key Statement:

I know that trying to create and stick to a budget is a losing proposition because it can mean sacrifice and not truly addressing my financial challenges; therefore, to be truly financially independent, I must create and stick to a realistic healthy savings and spending plan.

Key Affirmation:

I have and live by a healthy savings and spending plan.

Key Commitment:

I commit to designing and living by a healthy savings and spending plan that suits me and my family.

Key Action Item:

Categorize your assessment envelope. Analyze your expenditures in each area. Are they what you thought they would be? Pull out your Dreams With Deadlines™ strategy and further evaluate your needs versus wants. Balance them with your goals. Work on your essential wants and figure out how we can reallocate those non-essential wants after we create our savings plan and eliminate our debt so we can begin to take control of our financial future.

These are just some examples of things you can anticipate and work into your plans.  Be creative with you strategy so you can achieve financial independence AND still enjoy the fruits of your labors today.

Tune in to this week's Key Number Six: Hope for the Best, Plan for the Worst as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

Key Statement:

While I remain optimistic about my financial future, I am keenly aware that a catastrophic event may occur me or my family that could materially alter my financial picture, so must be prepared for the unknown.

Key Affirmation:

I am prepared for any financial situation that life may throw at me.

Key Commitment:

I commit to planning for alternative scenarios that may challenge me or my family.

Key Action Item:

Sit down with yourself and significant other, if you have one, and list all of the worst possible outcomes that may beset your family. Things like:

one or both of you losing your joban unexpected pregnancythe sudden responsibility of an indigent parentinjury or accident that may keep you from workingdeath of an income producing spousea lawsuita physical or mental limitation in a child or sibling that may require additional care or treatment not covered by insurance

These are just some examples of things you can anticipate and create plans. Having an alternate plan of action is like the insurance policy you pay for and never use.

Tune in to this week's Key Number Five - Take Emotion Out of the Picture as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

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 luck and we look forward to having you listen to tomorrow's show!

Tune in to this week's featured Key Four: Knowledge is Power, Not Knowing is Powerful  as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills. 

Key Statement:

I know that I don't have to know everything about money; I just have to address the five areas of concern I don't know by either educating myself or delegating to professionals.

Key Affirmation:

I am great at assessing my strengths and delegating my weaknesses.

Key Commitment:

I commit to addressing my five areas of concern and working on each category to create wealth and happiness for me and my family.

Key Action Item:

Sit down and assess your strengths and weaknesses according to our Knowledge Checklist. Then decide how much you desire to learn about each of your weaker categories and delegate the rest to professionals.  Remember you must acquire a minimum foundation in each category before delegating to a professional so you aren't swindled out of your hard-earned money.

Key Three: Dreams with Deadlines is this week's featured key as host Heather Wagenhals offers specific financial techniques to help your financial habits become healthy money management skills.

Listen to this week's Key Number Three: Dreams with Deadlines on the Libsyn Platform.

This Week's Key Statement:

In order for me to achieve the things I want in life and accomplish my dreams I must attach deadlines to them.

This Week's Key Affirmation:

I am great at goal setting and achieving my goals through action.

This Week's Key Commitment:

I commit to designing the life of my dreams using the Dreams With Deadlines© Goal Setting Strategy.

This Week's Key Action Item:

Write out your goals. Make them specific yet small, measurable, and achievable.  Add sensory awareness to each goal. Make them realistic and make sure that they have a time attached to it.