Tweet

Money Plan: 6 Rules for Harnessing Your Money Power

Guest post by: Cindy Parran Brochu

Article Overview: Whether you're looking to change the way you relate to money or want to learn how to set boundaries in relation to spending, you'll need to draw on power from within to help you set your money plan. Here are six rules you can begin to incorporate into your life to help you harness your money power:

Money Plan: 6 Rules for Harnessing Your Money Power

Whether you're looking to change the way you relate to money or want to learn how to set boundaries in relation to spending, you'll need to draw on power from within to help you set your money plan. Money power has nothing to do with how many zeros come before the period but it has everything to do with developing your inner strength in order to feel a strong sense of financial purpose.

When you hold a strong sense of financial purpose, there will be nothing or no one that can knock you off course.

Here are six rules you can begin to incorporate into your life to help you harness your money power:

1. Know yourself. A strong sense of self is the foundation of money power. If you define yourself by what others think of you, it's a sign of weakness and can lead to spending in areas that you normally wouldn't-all to try to impress. Meanwhile, your finances get the consequences. Understand your likes and dislikes and what's most important in your life. This will lead you to act in ways that are in the best interest for you and your money and increase your money power at the same time.

2. Live passionately. Is there that something that motivates you to get up every day? Passion is the fuel for keeping us moving and achieving. Approach your financial life in the same way - get excited about working toward your financial goals and embrace the feeling of a financially enriched life. Deciding to live with passion when it comes to your money will by default harness your money power.

3. Keep to a plan. People with money power not only have a goal but a means to reach it. It doesn't matter how intelligent or smart you are. If you don't have a map to guide you to your destination, then you are wasting your intelligence and drive. How will you reach your financial goals? Money planning is all about creating and following action steps to help you reach your desired financial destination. Money power comes from taking steps to achieve your financial goals.

4. Be truthful. People who feel a sense of power with their money aren't in denial about their finances. They don't fill their minds with justification or excuses about their situation, but confront the truth head on. Being in denial about the state of your finances creates a feeling of powerlessness. Those who possess money power got there by looking the truth right in the eye, even when it was painful. They admit to how they relate to money - making it, spending it, and saving it.

5. Be proactive. Achieving a powerful life with money isn't accomplished by being sedentary and expecting results. If you're unsure how to start making changes in your financial life, seek out advice and a coach who can help you. It's okay if you make some mistakes along the way. In fact, give yourself permission to do so. That's how you'll grow! As you become more proactive about your money, you'll notice a difference in how you feel on the inside.

6. Believe in you! Until you really and truly believe you can pay off your debt, find the money to increase your retirement savings, or get your spending under control, you'll be in a state of disempowerment. To begin believing that you can make a difference in your financial life, start taking action, however small. Be sure to recognize each and every success. Doing so helps you believe more in yourself and your abilities. This will move you toward even bigger financial successes.

Isn't it time you begin harnessing your money power and an effective money plan?

Related Articles
  Money Is Your Servant
  The Money Game
  Rule 20 Rules are Made to be Broken
  Tips for Optimizing Personal Wealth
  The Power of Language
  Mobile Home Parks - How to Properly Enforce the Rules
  How To Create Money
  Marketing Strategies: 7 Tips to Becoming a Money Magnet
  Are your goals in writing?
  What Is Success?
  Generating Leads through Internet Marketing For Travel Professionals
  Baby-U-Deserve-Getting-Every-Thing (Budget)
  Common Money Management Mistakes That You Need to Avoid
  Underwater Mortgage Advice: The New Financial Rules of Home Ownership
  4 Golden Rules Of Affiliate Marketing
  Failure Comes From Not Following Your Additive Rules
  Leadership means not buying applause and money
  E-Mail Tip #11 - Create a Set of Rules for Your Organization
  Is Capitalism, as Seen by Enterpreneuers now, Good or Bad?
  Q: How can I make my employees accountable?

Article Tags: Cindy Parran Brochu, Financial Coach, financial fitness, financial life, financial purpose, financial success, financially fit, money plan, money power, SpendingPlanbiz
Referred by: http://www.onlinebizu.com



Related Forum Posts
Re: Which would you start: a Blog or Online Community? - It is a difficult decision to make. Lets start it this way - What are you more interested in? Money? or Friends? or Both? If its purely Money, then Blog might be an appropriate answer. But consider this - It will be people (visitors) that will bring traffic to your blog and then Money will follow. This will be possible after a time and during this time it will be your friends who will be the starters. If you are looking for friends only, then its true that not many will be interested in knowing how you have beaten them in the game or the other way round. So it will be preferable to have a Forum where they can share ideas with you and others. But you can share your insider knowledge with them and invite comments from your Blog. You can also put up information on what others (including your friends) don't know about Tennis. The blog you create can provide News, Inside Information and also Techniques that can be used by the new entrants in the world of Tennis.
Making Money in 2011 - Hello forum members! As we draw closer to the new year I thought it would be appropriate to change the title of our forum category "Making Money in 2010" to "Making Money in 2011" - I'm looking forward to some interesting discussions and wish everyone a prosperous New Year!
QuickBooks vs. Microsoft Money vs....? - I have always used Microsoft Money to run my business - accounting, invoicing, etc. It came with my computer when I got it and integrated well with my online banking system so everything is a breeze. It only takes 30-60 minutes every quarter to do the bookkeeping (keep in mind that I have a very simple business - no inventory, very little invoicing, I do all my payments by credit card, etc). Is QuickBooks or Money the best accounting tool for small business owners? Or is there something even better?
Re: What or Who Sparks Your Business Interest - It's interesting to see what the different motivations are by Age Category. I've noticed this around me: 20 to 29yr olds: Motivator: Money 30 to 39yr olds: Motivator: Success/Ambition 40 to 49yr olds: Motivator: Family comes first 50 to 59yr olds: Motivator: Leaving a legacy i've only gone that far in my analysis. Of course this is a braid generalization but I find that it helps direct my marketing to individuals in different age brackets. The product/service can be the same but the Marketing message (Benefit Statement) to a 20 year will revolve around "Money" vs. a 30-something would be on their "Self Image"
$$$ - Money making is a talent. If used properly it can achieve desired results.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

The Strong Leadership Formula

Email Marketing Made Easy #11 - Avoiding Spam

Rumor Has It

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.