A big part of Financial Planning is psychology, or what I would like to call as MINDSETTING. Having a positive (and of course, realistic) mindset about things, especially about your finances, can help you by more measure than you can imagine.
When we say having a positive mindset, it doesn't mean that you daydream about being filthy rich and living in a mansion. We mean that you start to take a proactive approach to your finances. We mean that you know that there is a SOLUTION to your financial distress.
Too often we think that our problems are caused by the government, by our parents, by our lousy education, blah blah blah. If you fill yourself with all these negativity, I don't suppose you'll be an asset either to your family or friends. Don't you ever feel like you're emotionally drained when you talk to someone who share only problems with you? Try talking to yourself with all your own problems, and tell me if you don't suddenly feel that your life is a miserable lot.
If there are any words of wisdom that I can share with you its that problems are solved by taking action with your hands, not by making actions with your mouth. Although of course, there are times you have to talk to someone for guidance.
The reason why I'm hot on positive thinking is that positive thinking is a very strong indicator of what your VISION statement will be. It will also indicate the level of success that you will have with it.
I'll end my post here for the meantime. I was stumped with other responsibilities earlier and I'm writing this post at a God-awful time of 1:08AM. I'm sleepy and my eye bags are getting more space on my face than it should be getting. Heh. See you on my next post.
**** FROM THE CROSSFIRE ****
For stock market addicts, I've updated the entry format of my other blog. It's my way of helping others invest/trade in the market. Please note though that participating in the stock market, especially trading (as opposed to investing) can be a very time consuming initiative. So trade only when you have the time. Otherwise, investing in a mutual fund is a better alternative.
I am a certified stock nut that's why my other blog is chock full of miscellaneous entries about it. Please don't construe my posts there as an implicit solicitation for you to make an action, they are merely suggestions and deserve your own judgment when decision making comes. :-)
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