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Thursday, July 27, 2006

The Financial Mindset Ideas– How Money Works for You

What do you want from your money? College tuition for your kids? A bigger house and a brand new car? Security when you retire? Wouldn't it be great to simply have enough money so you don't have to worry? The "enough money" part of that equation is easy. The "so you don't have to worry" part is much more complex. It actually has nothing to do with how much money you have or how little.

You can balance your checkbook until you are blue in the face, you can move money every day between your investment portfolios, you can double your life insurance, you can buy lottery tickets -- and none of it will do you any good until you get beyond the worry and fear: the fear of money, the fear of not having enough, the fear of having enough, the fear of taking action, the fear of inaction.

I have learned that true financial freedom does not depend on how much money you have. Financial freedom is when you have power over your fears and anxieties instead of the other way around.

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