Being conscious about your money means knowing what is going on with it at all times. It is about having an intimate relationship with your currency.
Just as a farmer develops his crop by tilling, watering and planting seeds, the same principal applies to your financial state of mind. A farmer begins to see the fruits of his labor once he has consistently nurtured his soil. Day by day, one will begin to see the same results from continuing to nurturer their monetary mind.
Know Your Money
Being aware of what your money does takes time. One must invest time each day to know how much they bring in verses how much goes out. It is constant job. This includes knowing whether they have a”net worth” or “net loss”. One must manage their savings and investments daily.
Know Basic Financial Words
” In mind, in sight.” What we put in our minds is very important. In the process of expanding financial knowledge, it is essential to know basic terms. If one does not understand the difference between an “asset” and liability”, it will be harder for them to speak the language. This information is easy to obtain. You could go online and googgle ” basic financial terms”. Many words will come up. If you can, print the words and terms up from the computer or write them down in a notebook. Find a small window of time each day to study them each day. Make them apart of your vocabulary.
Develop a Financial Library
This library could include magazines and books based on money. Begin purchases books that talk about the economy and the market. Start small and grow over time. Magazines such as “Blackenteprise” and “Money magazine” are good picks. This is the watering process. Nurturing your mind with this type of knowledge with enhance your money consciousness.
Watch Financial Shows
CNN is a great place to look at the top shows for financial tips or advice. ” The Suzie Orman Show” and ” On the Money” are among the most popular. Suzie Orman gives great advice for people about whether they should invest in stocks or mutual funds. She is real and honest with individuals. Her website provides tools to use to get started. He show comes on on Saturday around 9pm on CNN. This is part of saturating the mind with knowledge.
Attend Money Management Seminars
Seminars provide people with the necessary information to make the best decisions financially . Money management seminars are best though. Some of them are even free of charge. All one has to do is make an appointment and show up. In some cases, these classes are given in colleges. They help to teach individuals about the mechanics of finances.
Attain a Money Coach
Everyone needs help sometime. No one can do anything by themselves. One can get in touch with a financial adviser or coach by looking it up online or the yellow pages. The role of a money coach is to assist an individual to the desired goal financially. They also help a person commit to a budget.
Create a Financially Stimulating Environment
” What you see is what you get.” What you see also has an affect on your actions. It will determine your thoughts. It is good to have books available for study. Put money slogans on your door. It is also a great idea to have tapes or Cd’s discussing money saving ideas. Surround yourself with smart individuals who have a direction in life. This makes a difference in you.
If you plant the right seeds in your mind, you will see a manifestation.