Please welcome Shannon from the Heavy Purse. We’re so glad to have her with us today.
One of the many things I admire about Jacob and Vanessa is how genuinely happy they are to live very frugally. They live like a King and Queen on an amount of money that most people, myself included, would struggle to do the same on. They know who they are and what they want, so in other words, they have found their money happiness.
I’ve been a Certified Financial Planner (CFP®) for more than 20 years and it saddens me how few people find true joy or happiness in their money. They believe having “enough” money will give them the joy they seek, but unless you are struggling to pay bills or weighed down by consumer debt, more money isn’t neccesarily the answer. It is knowing what you want your money to do for you and honoring those goals that will give you the happiness you seek.
And this, my friends, is very good news. You don’t need to be a millionaire or a billionaire to find your money happiness. Of course, there is nothing wrong with wanting to earn more money as I like to see yearly income growth too, but it also means that I don’t have to strike it “rich” to be happy. What a relief!
The Life I Want for Myself and My Family is …
The first step to finding your money happiness is to give your money purpose. Money is finite. We only have so much so let’s make sure we use it on what matters most. And sadly, a lot of people are guilty of spending mindlessly on things that mean very little to them. Take the time to figure out what your ideal life looks like and set very specific goals. Your goals may change as your life evolves (expect this, in fact) but don’t set vague goals either. Those do not motivate you, nor bring you genuine money happiness.
Stop Comparing Yourself to Everyone Else
It’s human nature to notice what others are doing and many people get stuck on comparing themselves to those around them. They focus on what they lack, which only makes it harder for them to find their money happiness. Be mindful of when you get those urges to “keep up” or find yourself feeling envious so you can refocus your attention back to creating the life you want. Remember when you play “keep up”, you are putting what THEY VALUE over your own goals.
Embrace an Abundant Mindset
The way we think influences what we see. So if you think scarcity, i.e. I’m never going to get ahead, than it will be hard for you to get ahead. This isn’t just mumbo jumbo either. When your thoughts and eyes have only been trained to see scarcity, then that is all they will see. To shift to an abundant mindset, you need to understand why you developed a scarcity mindset in the first place. Was it something you learned from your parents? Or did something happen – a job loss or breakup – that changed how you viewed the world?
Don’t skip this because understanding “why” scarcity is your go-to mindset needs to be addressed first. Once you do, you can retrain your thoughts and eyes by choosing to focus on what you do have. To express gratitude daily for those things. To speak and act in a positive manner when it comes to your money. This takes time but developing an abundant mindset will do wonders for your money happiness. Being able to see money as a gift is important to me and it’s a lesson that I am teaching my daughters as well.
Making Money Conversations Fun and Easy
Financial literacy is my passion, and it is easy for me to talk to my girls about money, but I know it’s a struggle for some parents. One easy and fun way to help you start these important conversations and shape how your kids think about money is through my children’s picture books. I’m pleased to offer Cash Cow Couple readers an exclusive coupon code TOUR3114 for $3.00 off my new book, The Lemonade Stand. Join Lauren and Taylor in their continuing money adventures as they teach their friends, Ryan and Christopher, how easy it is to save, spend and share.
About the Author: Shannon Ryan is a Certified Financial Planner and a Mom on a mission to help busy parents teach their children simple, value-based principles that guide their money decisions and support their long-term financial well-being.
The Lemonade Stand – iPad Mini Giveaway
July 14-31, 2014
Sponsored by The Heavy Purse
Co-hosted by Are Ya Gonna Eat That, Broke Millennial, Budget and The Beach, Budget Blonde, Budgeting for More, Busy Mom Budgets, Cash Cow Couple, Cents and Sensibility, Club Thrifty, Color Me Frugal, Debt Debs, Debt Roundup, Disease Called Debt, Eat Laugh Purr, Enemy of Debt, Eyes on the Dollar, Femme Frugality, Financially Blonde, Frugal Rules, Living Richly Cheaply, Luke 1428, Making Sense of Cents, Money Saving Dude, Monster Piggy Bank, Not Now Mom’s Busy, Reach Financial Independence, Shoeaholic No More, Stacking Benjamins, Tackling Our Debt, The Broke and Beautiful Life, The Finance Girl, The Frugal Farmer, The Random Path, Thrifty Dad, VeegMama, and Young Adult Money.
We’re Giving Away an iPad Mini to One Lucky Reader!
Help us celebrate the release of The Lemonade Stand and join Shannon in her mission to increase financial literacy in both children and adults.
“Everyone handles money. Unfortunately, not everyone does it with confidence. Money has long been a taboo topic in many homes, which makes it even harder for parents to know where to start or what to teach. So I created a series of children books to help parents ease into these important conversations. Financial literacy is one of the most loving gifts you can give your children, and I encourage you to make money conversations a priority in your home.”
The giveaway runs from July 14-31, 2014 and is open worldwide.*
* A winner located outside of the United States will receive a cash equivalent prize via PayPal.
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