Pearls & Perils



If your Finances were a plant would it be Growing or Withering?


Having Financial stability and growth is not something that is acquired by luck or chance. It happens as a result of intentionally investing in key habits and principles coupled with the mindset of a winner, this will attract and cultivate the results you desire.


As a plant requires specific 'nutrients' and the right environment in order to grow, similarly our Financial life requires essential nutrients in order for us to thrive and achieve our goals. In my last post we spoke about the second key nutrient which was Mindset if you missed that post you can read it by clicking the link below.

https://www.pearlsandperils.com/post/if-your-finances-were-a-plant-would-it-be-growing-or-withering-part-2


NUTRIENT 3:


A Financial plan: having a clear and concise Financial plan is key for INTENTIONAL Financial growth and stability. A Financial plan is more than simply having goals, it provides us with clarity about where we are currently in our Finances, where we desire to be and the strategies we will implement to allow us to get there. Essentially, it is a road map to guide us to achieving our idea of Financial success.


If you do not yet have a have Financial plan written down or you have one but it isn't written in a clear and concise way, with specific details of what you want to achieve and the timescales. I'd strongly urge you to create one, before you do think about where you are currently in your Finances, what habits or decisions has led you to where you are now? What habits or thought patterns do you need to continue to encourage your growth or eliminate that could prevent you from achieving your goals?


Before setting goals it's important to analyse and understand why you are in your current position irrespective of whether you are happy with your current position or not. Quite often people fail to achieve their goals because they do not work on eliminating the self sabotaging habits that they have.


Once you have done some deep self analysis, take some time to think about your Ultimate goal for your Finances? How do you want your life to be within the next 5 or 10 years and by the time you reach the age you would like to retire? Once you know what your ultimate goal is ensure that it is specific and measurable an ultimate goal like 'I want to be successful or I want to be very rich' is not specific at all. What does successful or being rich look like to you, is there a specific figure you would want to earn, assets you want to possess or a specific place that you want to live?


In order to reach your ultimate goal, you will need to use smaller steps (smaller goals) which will allow you to accomplish your ultimate goal. Knowing what you want is important BUT it is equally important to think of strategies and actions you will implement to accomplish each goal. Action is what separates planners from executers, executers achieve their goals whilst planners are often left feeling frustrated or with feelings of regret for their failure to take action.


In your journey to achieving your Ultimate goal, you will make mistakes and may fail on numerous occasions, do not allow temporary failures to cause you to make the permanent decision of giving up on your dream! With every failure, review what went wrong and learn from it, persist and innovate your actions and you will see the results you desire. The problem with most people is that they give up too easily or they keep trying the same actions hoping they will get different results.


Always remind yourself of your ultimate goal as often as possible especially in moments where you are feeling down or on the verge of giving up and BELIEVE that no matter what happens around you, it will happen. Look at your Financial plan at least once a month, create the habit of reading it weekly and visualising the life you desire to live. Review your progress on a weekly or monthly basis to asses whether the actions you are taking are bringing you closer to achieving your goals. If they are not, create new actions and start implementing them.


If you found from this 3 part series your Finances were withering, implement the 3 nutrients we discussed and be committed to your vision! Whatever your mind can conceive, you are capable of achieving!


If you want to have 1-1 support and guidance on how to build a solid foundation in your Finances check out the Financial Coaching page or the Coaching Plans page for more information on the sessions that I provide and you can also view the amazing testimonials. You can also send me a message via the contact page.

Have a great day and a productive week, you've got this!

🖋 Your Finance P.T




[Part 2]

If your Finances were a plant would it be Growing or Withering?


Having Financial stability and growth is not something that is acquired by luck or chance. It happens as a result of intentionally investing in key habits and principles coupled with the mindset of a winner, this will attract and cultivate the results you desire.


As a plant requires specific 'nutrients' and the right environment in order to grow, similarly our Financial life requires essential nutrients in order for us to thrive and achieve our goals. Last week we spoke about the first key nutrient which was Effective Cash flow management, if you missed that post you can read it by clicking the link below.

https://www.pearlsandperils.com/post/if-your-finances-were-a-plant-would-it-be-growing-or-withering


NUTRIENT 2:

Mindset: There are many talented and intelligent people who fail to achieve their goals and see growth in their Finances because of their way of thinking.

Our thoughts and what we believe about ourselves directly affects our actions. If we think of ourselves as inferior, incapable of success, weak, unworthy, unintelligent, inexperienced these thoughts will influence the way that we navigate through life.


People who have a negative self image of themselves tend to have a low self-esteem. Consequently they tend to avoid trying new things, taking risks, shy away from opportunities that require them to come out of their comfort zone and doubt their ability to achieve their goals.


If you want to achieve your goals, you have to first believe that YOU have the ability to do so. Even if you are taking actions towards your goals, but deep down you do no not truly believe that you can achieve your goals, it will not happen! The self doubt will sabotage your success in one way or another, because your mind acts as the pilot of your life; it will direct your actions and the way in which you deliver them.


Success and failure starts in your mind, therefore it is imperative that you reject negative thoughts and ideas about yourself and choose to believe that you are capable of achieving whatever you put your mind to.


Our mind has the ability to create and visualise things that have not yet come into existence yet, hence your success or failure starts in your mind. If you truly believe and desire to achieve your goals ensure that you align your actions accordingly.


If your current Financial situation feels like you are Withering as opposed to growing in your finances there is always hope, if you begin to take control of your finances by taking actions that will improve your situation, you will make progress! But you have to be committed to your transformation.


If you want to have 1-1 support and guidance on how to build a solid foundation in your Finances check out the Financial Coaching page or the Coaching Plans page for more information on the sessions that I provide and you can also view the amazing testimonials. You can also send me a message via the contact page.


Have a great day and next week Monday I will be sharing the 3rd nutrient that we need for our Finances to thrive.


🖋 Your Finance P.T








If your Finances were a plant would it be Growing or Withering?


Having Financial stability and growth is not something that is acquired by luck or chance. It happens as a result of intentionally investing in key habits and principles coupled with the mindset of a winner, this will attract and cultivate the results you desire.


A key lesson we can all learn from gardening and the six plant growth stages is that the growth of a plant does not happen over night, a plant develops throughout time in various stages. This growth is dependent on the plant having the correct nutrients and environment in order to develop from the Sprout stage until the Ripening stage.


Similarly our Financial life requires essential 'nutrients' and the right environment in order to thrive. I'll be sharing 3 Key Nutrients that our Finances requires for there to be stability and growth over the course of the next 3 weeks.


NUTRIENT 1:

Effective Cash flow Management: it's important for you to manage your Expense to Income ratio effectively (if you want to know more about what that is, click the link https://www.instagram.com/p/CDHdJhxpwr3/ to a post on my Instagram that explains what it is and how to calculate it). You need to know where your money is going each month and putting strategies in place to minimise your expenses, increase your income and allocating your money in accordance to your Financial goals.


In order to be successful in your personal finances, you have to manage it as you would if it were a successful Business. If you are the kind of person who does not regularly review your expenses, assess your purchases or make assessments on affordability before making financial commitments to contracts, it is very easy to overspend or fall behind on payments if you are not reviewing and managing your cash flow. A lot of people are struggling in their finances because they mismanaged their money and in moments of desperation took out loans which they are reaping the consequences of today.


Every purchase that you make is an investment. In most cases, that 'investment' will simply meet a need or desire that you have short term, but it will not be something that will transform your life. This is why it is key, to always ensure that you are an intentional spender as opposed to an impulsive one. Impulsive buyers tend to hemorrhage money on things that are not assets, that will not benefit their lives long term. This increases the likelihood of you incurring debt which could be avoided if you were more rational with your spending.


If your current Financial situation feels like you are Withering as opposed to growing in your finances there is always hope, if you begin to take control of your finances by taking actions that will improve your situation, you will make progress! But you have to be committed to your transformation.


If you want to have 1-1 support and guidance on how to build a solid foundation in your Finances check out the Financial Coaching page or the Coaching Plans page for more information on the sessions that I provide and you can also view the amazing testimonials. You can also send me a message via the contact page.


Have a great day and next week Monday I will be sharing the 2nd nutrient that we need for our Finances to thrive.


🖋 Your Finance P.T







For Blog Post Updates

© 2020 Peta-Kay King