Does practicing Wealthy Living mean that nothing ever goes wrong?

NO!

Stuff happens. It happens to people with healthy money habits and it happens to people without healthy money habits. There is one big difference ~ having healthy money habits will give you more choices and less stress.

Less stress = better health.

‘Wealthy Living is really about having economic choice ~ getting to a financial position where you are practicing integrity and you are no longer captive to/pressured by daily economic necessities including debt.’    ~ William Marshall

Wealth + Health = ‘WHealth’

So here is a little ‘WHealth-ercise’ to discover where you are now and where you would like to be in your Wealthy Living:

$ Take a sheet of paper and fold it in half (like a book)
$ At the top of the page write ~ Life Style
$ In one column write ~ Satisfied With:
$ In the other column write ~ Not Satisfied With:
$ Flip the paper over to the back
$ At the top of the page write ~ Finances
$ In one column write ~ Satisfied With:
$ In the other column write ~ Not Satisfied With

Now take a personal inventory of your Life Style and Finances as it is today. What are you Satisfied With? What are you Not Satisfied With?

This ‘WHealth-ercise’ will help you create a baseline for where you are today. It also helps you see how life issues and money intermingle with each other.

The first step to any change is properly identifying the issues. The ‘Not Satisfied With’ category is your list of action items. Many of the Finance issues can be resolved by developing financial skills. This is like exercise ~ you will never build a muscle by doing nothing. You have to take action. You have to develop skills. Your simplest skills will be budgeting and saving. Budgeting at first maybe to pay off consumer debt. Saving at first maybe to have a healthy emergency fund.

Look at your Life Style list. How many of the ‘Not Satisfied With’ items on this listed would be eliminated by having NO consumer debt? How many stressors in your life would be eliminated by having a healthy emergency fund? How much easier would it be to save for the future that you want to create with a budget, no consumer debt, and a healthy emergency fund?

YOU CAN DO THIS!  Take action ~ Start today to create your Wealthy Living plan.

DEVELOP YOUR SKILLS

This ‘WHealth-ercise’ was given to me from my friend and mentor Mr. William Marshall. Bill has 27 years of corporate finance experience – 20 as the Treasurer of a $2.5 billion company. He is a former Naval Flight Officer. Bill is an Eagle Scout and in 1999 was named a Distinguished Eagle Scout. I met Bill (I still like calling him Mr. Marshall) when I formally started training people in personal finance. Most of my clients then were in their 50’s and having what I call ‘a holy crap’ moment. They had spent their entire life thinking that they would retire in their 60’s but did not plan financially for retirement to be a reality. Broke and heavy with consumer debt, most would not be retiring any time soon but additionally; they were scared of being destitute in their senior years. This made me want to start working with young people so they could avoid this fate – strike at the root, so to speak. A mutual friend, Dr. P, introduced me to Bill. Bill is the founder of The Teen Millionaire Movement and has written three books: Rich Shareowner, Poor Shareowner, Money Ain’t Free, and Rediscovering Free Enterprise. Bill shares his life experience and his vast understanding of personal finance in his writing and his programs.

Please take the time to check out his website: www.will-marshall.com