Money Worries? Do this to Stop Worrying!
Money issues that can cause stress and the solutions to help.
1."Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." - Charles Dickens, David Copperfield
Solution: 1. Make more money, 2. Spend less money, 3. Do both 1 & 2.
2. “This would be a much better world if more married couples were as deeply in love as they are in debt.” -Earl Wilson.
Solution: If you are in debt your most important priority is to ensure your debts are manageable and not impacting your choices, quality of life, relationships and aspirations.
3. "Beware of little expenses. A small leak will sink a great ship" - Benjamin Franklin
Solution: Ensure your entire financial house is in order. Know where everything is, how much you have and upcoming financial expenses.
4. “Alice: Would you tell me, please, which way I ought to go from here?
The Cheshire Cat: That depends a good deal on where you want to get to.
Alice: I don't much care where.
The Cheshire Cat: Then it doesn't much matter which way you go".- Lewis Carroll, Alice in Wonderland
Solution: Rediscover and document your core value. Know where you you want to get to and where you are now. Tailor your activity steps, choices and game plan to achieve your financial goals in alignment with your core values. Then do the work to make it a reality, with small optimizing changes along the way.
5. “Man. Because he sacrifices his health in order to make money. Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then dies having never really lived.” -Dalai Lama
Solution: Delegate the activities that others can do better and do only the activities that add value to your life eg. exercise more, invest time in building deeper relationships, study and improve your knowledge, experience more, align your career to your "why". Doing so increases your chance of success simply because you will be happier, more present, have more time and doing more of the activities that directly benefit you.
This post was written by Peter Horsfield, as such they are his personal views. Peter helps you to focus on what’s most important, the right strategies at the right time. To learn more about How to become Financially Independent visit Peter Horsfield Smart Advice
About Peter Horsfield
Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.