Wealthy Mind

Be the Change You Want to See in the World

December 21, 2009

Gandhi knew what he was talking about. This simple, but powerful phrase has become my mantra as of late. I wake up hearing it in my head. I think about it at random times of the day. I don’t know why it popped into my head, but it rings true as a mantra for a path towards both sustainable happiness and financial freedom.

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Practical Gifting for Friends & Family

December 12, 2009

Not long ago, I admit that I wanted lots of “things” for birthday and holiday gifts. It is really nice to get something that you wouldn’t ordinarily buy yourself for the holidays such as lotions, electronics, books, etc.

Lately I’m a big fan of practical gifts. When you are on a tight budget, things that may once have seemed normal to spend money on such as socks, nice shampoo, getting your hair done, going to the car wash, etc, are all pushed out and minimized. What once seemed like a norm to purchase has become a luxury.

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Why You Might Want to Start a Brick and Mortar Business

December 6, 2009

What if in the future “brick and mortar” is going to be a key area of opportunity for the RIGHT products because everyone else is so focused online for everything else?

Its obvious why you would want to start up a business online as your up front costs are much less, overhead and ongoing costs are significantly less, etc.

But I’m not actually interested in doing something easy or cheap. Of course those factors affect me, a lot. But what I’m more interested in is finding a path for my life that would involve doing something worthwhile. I want to live a life with out regrets. And for me that means finding and starting a business that is good for me and my values as well as something that will be wildly successful.

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Tips for Sticking to a Budget

December 4, 2009

Especially with the holidays approaching, its a struggle to stay within your budget. I’ve been more actively monitoring my budget and income/expenses for over a while now. I’m proud to say we did decrease our spending significantly in November. We also shifted some spending to more quality things such as education and investments.sti

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Free Financial IQ Quizes

November 30, 2009

Its always a good idea to take the time to test your knowledge to find out if where you are with financial education and what you still need to learn.

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How to Find Sustainable Happiness

November 30, 2009

So many of these above things are harder to come by in my financially frugal lifestyle: shopping, travel, TIME for anything fun. So, I need to find ways to find happiness without them. This is a core-shifting change for me.

As an excerpt from a posting on the PositivityBlog states, it is possible to attain positive emotions, which in turn can help with finding happiness through the things that bring you joy.

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Despite the Economic Future, I’m Still Thankful

November 26, 2009

Its everywhere you turn, on every newspaper, on countless blogs, in every book store. The drastic changes that have happened to our financial system and our economy can be pointed at many reasons including excessive debt by consumers and government, greed, separation of the wealthy and poor, and the dollar not being tied to gold back in the ’70s. Whatever the reasons, its more imperative now than ever for every person in the US to take control of their own future, to get more educated and make sure they are making active decisions, intentional decisions, not just following along the patterns of the societal norm.

It won’t necessarily be doomsday if you do not wake up as I have. However, your financial education is a key factor in ensuring the strength of your family and your future, certainly your 401k and your government aren’t anything to rely on.

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Review of Free Credit Score Analysis Tool: Credit.com

November 24, 2009

Though Credit.com doesn’t offer as much detail or tools as CreditKarma.com, it did give me a higher overall score, which I found interesting. It ranked me as A to A- for all categories, where as on CreditKarma.com I had D in a few different categories such as length of open debt.

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Review of Free Credit Score Analysis Tool: Credit Karma

November 23, 2009

What I found most interesting was the section called “Report Card”. It ranks certain criteria that is used to determine your credit score from A through F. It was very helpful for me, because I realized something critical in the way I have been managing credit cards and how I will manage them moving forward.

I have to admit, I was one of the typical college students that fell prey to the open 3 or 4 credit cards during the freshman orientation. I didn’t spend a lot on these cards, but when I wised up, I took the advice of someone that I should close any cards that I’m not using as that negatively affects my credit. So, I’ve been doing that over the years. When I don’t want a card any more, I close it. WRONG!

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Simple Approach to Change: Assess, Aquire and Apply

November 20, 2009

I’ve been starting to document where I’m at in this process with different topics, and it has helped me to gain focus on what I want to do next. Right now, a lot of my “Apply” phase is going to be geared around small, simple, but progressive HABIT changes. Making sure that I am monitoring my budgeting, setting up my financial accounts and contributing, even a very small amount to them.

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