money Tag | Page 3 of 9

Negative Beliefs About Money

I was born in a poor family and I think the people in my family had poor beliefs about money. I made it my goal to raise my kids with rich and wealthy beliefs about money. I think I did. You see, poor people adopt beliefs to justify the fact that they do not have money. Because of their beliefs, they do not take certain opportunities to gain money and their situation remains the same. My job as a mother is to keep my kids away from those thoughts.

Most people think that in order to have money, you need to make, earn or win it. I think that in order to have money, we have to have good thoughts and beliefs about money, about making money, about finances and wealthy people. If you have these thoughts, the money will come to you rather than you trying to chase it.

The best way to become wealthy is to examine your beliefs about money, get rid of the bad ones and adopt good beliefs. My strategy of getting rid of negative beliefs is to find just one example where it is not true. For example, if I believe money only comes when I work hard, I think of a time when I sat on my butt doing nothing and still got paid.

This post is part 8 of 10 in the series Happily Wealthy Family

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How to Test Your Stress

Stress is the new era’s worst disease. It is estimated that over 90% of all illnesses are caused or worsened by stress. In the future, you may find yourself dedicating most of your energy to overcoming stress. Stress management is a lifelong journey and everything little thing you do can help.

There are many ways to test your stress level. I personally like rating it on a scale of 1 to 10. For any of my coaching clients, I recommend a stress review every three month to make. This helps them make sure they are progressing (or at least helps them find out if their situation is getting worse). The issue with stress is that you start noticing it when it gets out of control. Regular monitoring when things are going well can be critical. It allows you to find a benchmark that you can compare to. If things go a little sour, you can do something straight away before you find yourself in a mental health ward with a nervous breakdown.

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How to Have a Happy Life

I have dedicated my life to promoting happy living. I have watched many people living the life they want and, unfortunately, too many people who have no clue about bringing happiness into their lives.

I suggest to all my clients that they come up with an A to Z list of living a happy life. Below is just one version of what they have come up with. I hope it will encourage you to come up with your own.

Appreciate yourself and others. Accept everything as it is. Appreciation is the ability to see good in yourself and others. It does not change who you are but how you perceive things.

Be yourself! This is the main goal in life. Do not try to be someone else. It is draining. You are unique, special and perfect, just the way you are. Cherish it!

This post is part 4 of 6 in the series A-to-Z Guides

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Be Happy Without Money

Many people think that happiness requires money. Money definitely helps, but it really is not a pre-requisite for happiness. Most of my coaching clients want to improve their wealth, believing that money brings happiness.

What they do not understand is that it works better the other way, happiness brings more money. The belief that money can buy happiness usually comes from mom and dad. My clients learned it from their parents, who learned it from their parents who learned it from their own parents, and on and on. Can you see the cycle here? If you have kids, you have to make sure to stop it!

There is lots of research on the science of happiness. It tells us that happiness is a chemical reaction in the body. We can build up our happiness by doing things that stimulate our ‘happy’ chemicals. Luckily, we do not need money for all of them. For example, I got a little happiness sign and I love taking photos of it. The camera is digital and the photos are free. But it makes me happy anyways.

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Self Regulation: Controlling vs. Controlled Parenting

This week, I met a guy at a social gathering and we introduced our families to each other. I talked about my wonderful kids and he told me about his kids. About the first two he just mentioned their age. About the youngest he said “This one is the kid from hell”. I talked to him a bit more and realized that you can tell a lot about successful parenting from a parent’s ideology about whether they should control their kids or control themselves.

There is an area in the brain, a bit like a muscle, that is responsible for “self regulation”. Self regulation is the ability to control ourselves and not do things impulsively without thinking them through. People who are able to self regulate have better relationships, mange conflicts better, have more money, were more popular as kids and have less conflicts and problems in life.

This post is part 1 of 3 in the series Self Regulation

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Happy and Rich: One Way Street

The happier people are, the more successful they are with their money, work and relationships, claims psychology professor Ed Diener, an author of a study conducted by the University of Virginia, the University of Illinois and Michigan State University. The study found that happy people are more likely to get married, to stay married and think positively about their marriage.

Diener compared people who were not happy to those who were happy and said that the happy people volunteered more, earned more and were highly rated by their supervisors. He also found that happy people, on average, are healthier, and live longer.

The surprising bit about this research was not that money, good work, long life and health brought happiness, but that it was exactly the opposite! Happiness brought money, good work, long life and health.

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Know Your Partner: Appearance, Work, Money and Health

Welcome to the third installment of “Know Your Partner”. In this series war are talking about questions you and your partner should discuss before you move in together, get married or have kids. These questions will help you find your partner’s “musts”. To read more about “musts”, check out Know Your Partner: Musts. In the last post in the series, we listed questions about relationships, every day life, family background and friends. This post covers questions about appearance, work, money and health.

This post is part 3 of 8 in the series Know Your Partner

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Consistency is Key to Good Parenting

In my last post, I Learned it From the Best we talked about how influential parenting is for a child’s future. In the long term, some things parents do are positive and some are negative. But which ones are positive? Which parenting styles are good for your children? In this post, I want to go into detail about the importance of consistency – the value of giving consistent rewards, punishments, attention and praise.

In early childhood, parenting in general gives children a toolkit of skills and beliefs they can take with them. It helps them deal with the challenges that life puts in their paths. If parents give their child positive, useful tools, then they are well equipped for the future. Things like praise and attention give confidence. On the other hand, parents who give their children bad habits and poor attitudes are setting them up for struggle. Addictive behaviors and poor eating habits are examples of unhelpful tools.

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Emotional Credit Line

Now, perhaps more than ever in our lifetime, things are tough. Money is tight, prices are up, revenues are down, globalization, the Internet and mobile technology change almost everything we know. As a result, pressure is mounting and many parents struggle to cope with it.

In the past week, two things happened that made me think of using buffers or “lines of credit” as a strategy for reducing pressure, both financial and emotional, and keeping ourselves sane, while being better parents for our kids.

The first thing was Eden’s presentation of her research on corporal punishment. You may remember we invited our readers to participate in this research, which examined the links between parents’ disciplinary methods and things like the number of children in the family, age differences, financial situation and more.

When she analyzed parents’ and children’s’ responses to her survey, it occurred to Eden that stress may be a mediator between the various characteristics of each family and the amount of physical punishment used by the parents. Turns out, it is. She found that when parents experience more stress in their life, due to having more kids, having them close together and/or not having enough money to support them, they used less positive reinforcement with their children and were more abusive towards them, both verbally and physically.

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No Flights Policy: How to Reduce Expenses

Money is very tight in many families. We want so many things for our kids and for our family that it seems like there is never enough. This week, I had sessions with many clients who wanted to improve their financial situation. One of them earned $50,000 a year and owed $42,000. One was a single mother who had spent all her savings on tutoring. Another one spent a fortune on supplements and health professionals, and all the rest told me variation of the same story: money is tight.

Every family may reach a point in life when there is just not enough money to survive the next month. It is inevitable that some life circumstance will change the flow of money that we count on to manage our daily life. If you go over your life and ask yourself when your supply of money was at risk or when it stopped entirely, you are likely to find that it happened a lot.

We were in this situation many times in our life. It happened when Gal’s company had a wave of redundancies, whenever his contract ended somewhere in the world and we had to move ourselves from one county to another (no income, lots of expenses), after September 11 2001, when Gal had cancer and took time to recover and when we had something big and special that ate into our savings, like going overseas to see our families. Every time we stopped working, our family was at risk of not having enough to pay the bills.

Saving for a rainy day was always our solution for those situations, but saving is never enough. Sometimes, a big wave comes along and wipes you out. Gal lost his job twice after we had bought a property. We are not fortunetellers.

This post is part 7 of 10 in the series Happily Wealthy Family

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