Whats the one New Years resolution that could change your life? What if we could all live in prosperity and abundance despite what the bank account balance is? According to four financial experts, sustainable prosperity is available for everyone, but it requires a switch in mind-set and practice. With those Christmas credit card bills starting to hit the mailbox, its important not to panic and to make a plan.
All of our experts agree prosperity isnt about the size of the piggy bank, but about recognizing that something more doesnt come from things.
Your time is worth more than more stuff. I think a lot of us nowadays have enough and want less. To get rid of stuff, give it to a consignment store. This helps you reduce your clutter and helps someone that may not be able to afford something new, said Hilarie Blaney, senior vice president at Arvest Bank in Oklahoma City. Giving always makes people feel like they have more.
creating more white space and to stop rushing from place to place,
including putting down your phones and having more conversations with
penny-wise, she suggested becoming more efficient and smart in our
spending habits in the new year, such as looking for bargains, reviewing
expenses for unused products and services and looking for ways to
always feel more prosperous when I have limited or no debt, especially
credit cards, money in savings and have maxed out my 401(k), Blaney
BROADEN OUR UNDERSTANDING
Marlin, a financial services professional with New York Life in
Oklahoma City, recommends giving to God and yourself, before paying the
mortgage, bills and Visa.
percent of the population pay their bills and if they have money left
over, try to save it. Doing that, they are always broke. By paying
yourself first, youll be able to see after three months if that savings
plan is working for you or how to adjust it, Marlin said.
Hes seen it work time and again with his clients, as well as in his own life.
know you are going to get hit with emergencies, so you have those
emergency funds available so you arent stressed, and meanwhile, you are
growing your wealth. Then you can see a financial adviser you trust to
start having your money work for you, instead of just you working for
we hear the word prosperity, most of us think about material wealth,
said Darcie Harris, president of Executive Womens Forum. We can look
for material prosperity, or we can broaden our understanding of the word
to include having a wealth of interesting experiences, a wealth of
learning, a wealth of warm relationships, a wealth of compassion, and
for that matter, a wealth of passion.
Globally, we have financially been going through fall and winter, but yes, there is a spring and summer.
Harris suggested thinking about the type of experiences you can have with the same amount of money.
might allow me to dine out at an expensive restaurant, but for the same
amount of money, I might be able to have six friends over for dinner
and cook them all a meal from a faraway country Id like to visit, she
investment brings me the creativity of cooking something exotic and new,
a chance to explore a different culture, plus the richness of the
relationships and I fed six people instead of one! I think we find
prosperity when we know enough about ourselves to know what we are
passionate about and what kind of experiences we want to have.
do married people fight about the most? Marlin said. Money. So with a
portion of that money you are saving back, go on a date night.
Celebrate. Your marriage stays strong, you keep your kids happy, and it
keeps your sex life alive. Go have a party.
COMFORT FROM CONTROL
Monroy, author of 30 Day Money Master Mind Make-Over and a financial
coach helping businesses and individuals achieve sustainable prosperity,
believes money can be our greatest spiritual teacher and that we are
all inclined toward authentic abundance. She said the key aspect is
re-thinking what has value to us and recommitting to a life of purpose,
anchored from an internal aspect, not from external.
many people are laid off, but they are courageous and say, How can I
realign myself so I dont have the fear monster chirping in my ear? How
do I step into my own power? Monroy said, noting many of her clients
who had lost their jobs took that opportunity to start their own
businesses and are striving and happy.
or authentic prosperity is a conscious choice to be in a rightminded
relationship with every subject and object of choice, she said. You
have to use balance and flow. Globally, we have (financially) been going
through fall and winter, but yes, there is a spring and summer. My
garden flourishes every year because I tend it and divide it, and in
winter, I dont panic. You know that it will be OK in the spring.
do we do it? Monroy recommended understanding there is goodness in
life: Let go of conditioned thinking and ego-fear-mind stuff, which
means recognizing you have the power in that moment to not buy something
you dont need and not letting advertising and peer pressure tell you
what you need to be happy.
also said to be careful about finger-pointing, including blaming
someone else for our financial woes, whether its the government or our
boss or spouse. Instead, she suggested we start taking ownership of what
we have control over.
Everyone is that powerful, Monroy said. Get to practice right now.