Talane’s Coaching Tip for the Week, June 28, 2010
Get On the Path to Financial Freedom
My mom once told me that she deliberated whether to buy a nicer cut of meat for dinner or scouring
pads as she didn't have money to do both with three small children and an income of about $12,000
a year. In the end, she bought the nicer cut because she had company – her mother. But after
dinner, her mother asked her where the scouring pads were and my mom thought, ”I can't win.” I'm
very grateful that I don't have to spend time over those sorts of decisions.
Thomas Leonard, a superb coach, once said that you can't be your best if you are under financial
stress. You don't make the best decisions. My husband and I recently sold off a piece of our back
yard for a nice chunk of change. Until this time, we had been operating on the edge financially,
making just enough to get by (admittedly our idea of getting by is rather lavish and includes a
housekeeper, gardener and au pair), but not enough to feel like we were getting ahead. While
I knew that these were the expensive years (two small children, home renovation costs, a big
mortgage, etc.) and that it would get easier over time, that didn't help put my husband at ease when
faced with the monthly bills. Now that we have a decent reserve in place, we are both breathing
a lot easier. It has taken so much pressure off the need to generate money. (We both own our
own businesses and generate the income that we have.) Already, new business opportunities are
appearing. When you don't need it, you are more likely to attract it.
The amazing thing was that this piece of land and the opportunity to develop and sell it has been
right under our noses all the time. We only thought of it when we worried we might lose the house
in the recession and started coming up with ways to save it. This confirms the spiritual saying that
everything you need is right in front of you. It makes me wonder, what else am I not seeing that is
right in front of me? After all, how many years did it take us to put wheels on suitcases? The wheel
has been around since the beginning of history, but we never thought to combine the two until
recently.
It is worth getting on the path to financial freedom (having enough money so that you don't have
to work) for the peace of mind it creates if nothing else. Here is a simple way to get started – play
the Financial Independence Game (Tip 29 in Coach Yourself to Success). Write down ten or more
ideas that could take you to financial freedom. Let's start with $250,000 in savings as a number
to start with. If you found a way to earn or save an extra $100 a day for the next ten years you'd
have $250,000 (not counting weekends or interest earned). Don't worry if the ideas you come up
with seem simple or even silly. Some of the most successful ideas are. The woman who wrote the
book, Everything Men Know about Women, takes the prize, in my opinion, for best idea. The book
is completely blank! It has become a best-seller and enabled her to buy a nice house. The point of
the game is to get you thinking about how you could become financially free. And just by starting
the game, even if that means you start by saving $10 a day, you will be on the path. Open a separate
savings account and put in your $10.00 today. Now write ten possible plans/ideas to become
financially free and pick one to work on now. Keep playing until you crack it and reach financial
freedom.
Enjoy!
Talane
P.S. For support along the way, join the fun at LifeCoach.com and try 30 Days of Coaching for
$1.00!
Talane Miedaner, MCCGet On the Path to Financial Freedom
My mom once told me that she deliberated whether to buy a nicer cut of meat for dinner or scouring
pads as she didn't have money to do both with three small children and an income of about $12,000
a year. In the end, she bought the nicer cut because she had company – her mother. But after
dinner, her mother asked her where the scouring pads were and my mom thought, ”I can't win.” I'm
very grateful that I don't have to spend time over those sorts of decisions.
Thomas Leonard, a superb coach, once said that you can't be your best if you are under financial
stress. You don't make the best decisions. My husband and I recently sold off a piece of our back
yard for a nice chunk of change. Until this time, we had been operating on the edge financially,
making just enough to get by (admittedly our idea of getting by is rather lavish and includes a
housekeeper, gardener and au pair), but not enough to feel like we were getting ahead. While
I knew that these were the expensive years (two small children, home renovation costs, a big
mortgage, etc.) and that it would get easier over time, that didn't help put my husband at ease when
faced with the monthly bills. Now that we have a decent reserve in place, we are both breathing
a lot easier. It has taken so much pressure off the need to generate money. (We both own our
own businesses and generate the income that we have.) Already, new business opportunities are
appearing. When you don't need it, you are more likely to attract it.
The amazing thing was that this piece of land and the opportunity to develop and sell it has been
right under our noses all the time. We only thought of it when we worried we might lose the house
in the recession and started coming up with ways to save it. This confirms the spiritual saying that
everything you need is right in front of you. It makes me wonder, what else am I not seeing that is
right in front of me? After all, how many years did it take us to put wheels on suitcases? The wheel
has been around since the beginning of history, but we never thought to combine the two until
recently.
It is worth getting on the path to financial freedom (having enough money so that you don't have
to work) for the peace of mind it creates if nothing else. Here is a simple way to get started – play
the Financial Independence Game (Tip 29 in Coach Yourself to Success). Write down ten or more
ideas that could take you to financial freedom. Let's start with $250,000 in savings as a number
to start with. If you found a way to earn or save an extra $100 a day for the next ten years you'd
have $250,000 (not counting weekends or interest earned). Don't worry if the ideas you come up
with seem simple or even silly. Some of the most successful ideas are. The woman who wrote the
book, Everything Men Know about Women, takes the prize, in my opinion, for best idea. The book
is completely blank! It has become a best-seller and enabled her to buy a nice house. The point of
the game is to get you thinking about how you could become financially free. And just by starting
the game, even if that means you start by saving $10 a day, you will be on the path. Open a separate
savings account and put in your $10.00 today. Now write ten possible plans/ideas to become
financially free and pick one to work on now. Keep playing until you crack it and reach financial
freedom.
Enjoy!
Talane
P.S. For support along the way, join the fun at LifeCoach.com and try 30 Days of Coaching for
$1.00!
Author of the international best seller, Coach Yourself to Success (McGraw-Hill, Jan 2000) and The Secret Laws of Attraction
Get free coaching tips at LifeCoach.com Copyright © 2010 by Talane LLC. All rights reserved.
