LifeJournal™ Newsletter – August 2010

August, 2010 

 LifeJournal Newsletter

I’m sitting at a pine kitchen table in a log cabin, enjoying the cool mountain woodsy air of North Carolina.  My husband is here on a conference/workshop and I decided to tag along and get work done while he’s in the seminar. I love the change of scenery, kickstarting my work with renewed energy, focus, and creativity.

If you are looking for a change of scenery for your journaling, without traveling from the comfort of your home, I recommend taking one of our online classes. Whether you are a new or veteran journal writer, taking a class (re)kindles your love and depth of journaling.  A student in The Great Journal Experience class recently commented: ” I tried this suggested technique.  It cleared my mind and got me to thinking of what the real issue was.  This assignment made the issues clear.  This whole thing gave me the right perspective.”

These online classes have enormous value that you will carry with you for the rest of your life. For more details, click on the links below. Don’t delay…these classes can fill up quickly!

The next IAJW telechat is with memoirist Linda Joy Myers. Come join us as she talks about From Journaling to Story—The Joy of Writing a Memoir on Thursday, September 8 PM Eastern; 5 PM Pacific. In this teleseminar, Linda Joy will guide you from the familiar territory of journaling into the world of story making. The bridge between the two worlds is sensual detail, scene, and structure, elements that are woven into our daily experience. She will talk about memoir techniques to develop in your journal, ways to write your memoir interweaving story and reflection, and how to keep the outside reader in mind.  IAJW members, sign up now!  (Not yet an IAJW member, join now!)

Read this month’s newsletter article by nationally recognized expert in the psychology of money management and the psychology of investing, Kathleen Gurney. Kathleen brings together the world of one’s personal finances–a timely subject for many of us–with journaling. Learn more about your own fiscal fitness.

Best,
Ruth Folit
www.lifejournal.com
blog.lifejournal.com

Five Ways to Boost Your Fiscal Fitness: And How to Start Using Your Journal to Help
by Kathleen Gurney, PhD. 

For many Americans, money is an identifiable benchmark, our measure of success.  It symbolizes power, security, love, freedom, and self-respect. Money is much more than an economic necessity.  It is one of the most powerful motivators of human behavior.  It taps into the deepest layers of our personalities and sets off powerful emotional charges.

It’s not enough to earn money. You have to know what you want to do with the money to make the most of what you have.  Who you are and how you relate to money makes the difference between working hard earning a living and working smart, struggling financially or living comfortably, feeling financial stress or feeling enriched.

I’ve dedicated my career to understanding why money works well in some people’s lives, yet not in others.  What I’ve discovered is that financial success comes from self-validation—as you think about yourself, your money self, so you become.

It’s both my belief and experience that your journal and journaling practices will give you tremendous insight into your personal dynamics and behavior.  Mastering money management begins with discovering the impact our money personalities play in how we use our money.  There is an inseparable link between how we think and feel about our money and how we use it.

So there is a need for financial education throughout our lives in the same way that there is a need to keep our professional skills current in order to sustain our career and earning power.

Most of us have been conditioned to the need to develop our professional skills to earn money, but many of us have not been provided with a learning process to build equivalent money skills to build assets — to learn how to best utilize the money we earn.

Five Steps to Boosting Your Financial Fitness
Money skills are learned and once the process of successful money management is learned and practiced, fundamental improvements in goal achievement and personal confidence are realized.

There are five key steps which will boost your financial fitness and put you on the road to greater financial confidence and success:

1. Know your money self
Taking the first step towards understanding your money self is always the starting point on the learning curve.  It provides a context and personal framework of self-knowledge that we all need to make confident financial decisions, often revealing unconscious money patterns which can sabotage our money working to our greatest advantage.
Understanding your money personality will help you gain insight into why you react to money the way you do.  You have a healthy money self-concept when you know yourself well and how you affect money and how money affects you.

2. Empower yourself

A money personality is like a personal balance sheet, some traits are assets and others are liabilities to financial success, security and peace of mind.  If you do not know your money strengths, you can‘t use them.  If you do not know what is preventing you from managing your money well, you will remain a money victim.   Confidence comes from knowing your money strengths and weaknesses — how to build on the strengths and minimize the weaknesses.

3. Choose and prioritize your financial goals
Know what is most important to you and how you’re going to use money to achieve what you want and need.  If you don’t know what you want from money, you will never achieve your financial goals.  One of the most common mistakes people make is not knowing what they want from their money; therefore, they have no clear focus for their efforts.  Sure, we know what we want to spend it on – from that drop-dead gorgeous outfit to the new car we will buy when we earn our first million.  We often set our career, holiday and lifestyle goals but do not set our money goals. 

4. Pay yourself first through
a)  Knowledge—Knowing Yourself; and
b)  Education—Educating Yourself.
Paying yourself first is understanding how you want money to serve you best in your lifetime and then through taking control of making it happen.  Through diligence and education, you can be your best judge to whether you are making the most of your money.   

5. Make your financial education pay off through focus and close monitoring of your progress. 
Fiscal fitness is about acquiring new skills and then reinforcing those skills so that they serve you well.  Keeping up with current events and monitoring whether your money management strategy is paying off is key to boosting your abilities and staying on top of your game.

As life events change, you may need to alter your game plan and how you approach your money management strategies.
Building your financial literacy has its rewards.   Learning more about money is empowering and helps you to make informed and confident personal money decisions that can reflect upon your career and lifestyle goals.  The greatest benefit of all is that, when you know more about yourself and the process, you will act upon what you have learned putting you on the road to greater financial fitness sufficiency.

A First Step in Using Your Journal For Fiscal Fitness:

A simple way to start your journaling about your fiscal fitness is to learn more about your money self.  Begin by recording three positive money experiences and what you did that made them satisfying.

Then, follow with writing about three money experiences that were not as satisfying and what you could have done to make them more positive.

Be as specific as you can in identifying the part that your attitudes and feelings played.

Carry those insights forward and keep them on your conscious radar screen so you can make use of that information in your current money management.
______

Kathleen Gurney, Ph.D. is the Founder and President of Financial Psychology Corporation in Sarasota, FL.  She is a nationally recognized expert in the psychology of money management and the psychology investing.  Dr. Gurney pioneered the Moneymax® Personal Profile, used by consumers and international investment and financial firms to learn more about financial attitudes and money management styles.  The results of her work have been featured in her book, Your Money Personality What It Is and How You Can Profit From It. You can read more about her work by visiting www.kathleengurney.com.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

End Quotes:

“Very few writers really know what they are doing until they’ve done it.”—Anne Lamott

“Putting pen to papers, fingers to keyboard, is always a risk, as the writer well knows.”—Jayne Anne Phillips

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