A Money Coach in Canada

Follow & Subscribe

Monday’s posts usually gently celebrate the Art of Contentment.

But I cannot be fully content until we are all fully content, can you?

So on this Martin Luther King Jr. Day I’ll pause and invite you to reflect perhaps not specifically on “the negro” but on the vast and deep inequities in this world of ours, and consider whether MLK’s challenge has something to say to you and me.

How much do you spend on coffees each week? And do you have any tips for being frugal yet still fully indulging in coffees? No *way* is this Norwegian-blooded northerner going to restrain myself from my coffees, so here’s how I’ve learned to indulge fully yet frugally.

Made in Italy

gefüllt mit bestem Kaffee

Fast fertig

There’s the espresso! Now for the milk, frothed, not steamed:

Making Yogurt - 108/365

et voila. The elixir of life:

Pumpkin Spice Latte

PS: If you want to take espresso to the next level, have a chat with Scordo.

Using self-discipline to change your money habits will not work as well as another approach.

There is growing evidence that playing to our strengths leads to greater success and happiness than trying to compensate for our weaknesses.

You may recall that last weekend’s post underscored the need for the rational part of our brain and our instinctual side to work well together, if we want to achieve long term success in changing our money habits. Another way of saying it is: don’t over-rely on your rational side (“I can’t afford this”) to constantly whip your instinctual side (“but I want it”) into submission. Why? Because sooner or later your instinctual side will rebel and your rational side will fatigue and out will come your credit card.

The strategy of using will power is also weakness-based. It focusses attention on the undesirable behaviour. An unintended consequence can also be a hit on our self esteem: I’m someone who can’t resist a sale or I am someone who can’t say no to anyone.

Are you ready to get hardcore with me?

Here’s an alternative approach. Clearly define your strengths (with the help of others – more on that shortly), root yourself deeply into a composite of your strengths, and bring them to play vis a vis your money habits.

On Saturday, I’ll provide an exercise to help you do just that.

Canadian money
Are you ready to change your habits with money?

Habit change over the long term is achievable! But it takes some know-how.
During the month of January my Wednesday and Weekend posts will provide advice and approaches which will increase the odds of your success. So pop by regularly!

Between now and this weekend, ask yourself What do you want to change about the way you handle your money?

  • curb impulse spending?
  • stick to a budget?
  • get out of debt?

C’mon. I know I’m not the only one who buys Christmas presents for herself. This was my big treat this year.
READERS: ‘fess up. What did you buy yourself?

Page 11 of 47« First...«910111213»203040...Last »