MoneyPeace Philosophy

Great Financial Ideas Start with a Vision

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“A perpetual holiday is a good working definition of Hell.”

- George Bernard Shaw, The Horror of the Perpetual Holiday, 1914 Parents and Children

This quote should be in every retirement book there is. I know it will be in the book I write. George Bernard Shaw was an Irish playwright among other talents.

He captured the truth in 1914 in this brief saying. He knew something few people know today. The value in life is having something to do and a useful purpose in life. Without that bigger vision, life is empty. My first tag line for my business was, “Great Financial Ideas Start with a Vision.” I still believe that important fact. I encourage my clients to move toward something. This makes your financial life better. Yes, even those who want to get out of debt need a bigger vision than simply the clear task to make it happen. Otherwise, the numbers trip you up because they are not enough. They are only facts. Numbers are not powerful enough to move us to be proactive and consistent. We need a vision of what is going to be accomplished in our life after we are debt free or in our retirement or whatever our goal is.

I first experienced this in my early twenties. Experience is a great teacher. I had reached a milestone in life after college graduation with my first job. Like many millennials today, I was itchy and not content with the 9-5 situation. There was something more I wanted, but I had not even fully conceived of what I wanted for my career direction. I had inklings and I was exploring, but nothing was clicking in.

There was, however, something I always wanted to do. That something was to go out West to live and ski. My roommate was making plans to do just that before she headed to graduate school. She was looking for someone to go with and I quickly volunteered. “But you have a job,” she protested. “I can leave it," I said "I've always wanted to go out West and be a Ski Bum.”

Plans were made and systems put in place. Joining her and then her sister was easy even when a few snags threatened along the way. This was something I really wanted to do.

Being out West and skiing every day was a dream come true. Yes, I worked two jobs most of the time so I was not a true “Ski Bum.” But skiing was the goal. The days were sunny, the snow glorious and the small time ski vibe was perfectly inviting. In summary, I loved it.

I met people at work, in town and on the ski lift. Always practical, I did ask visitors what they did for a living. Being Irish, I guess I had two things going for me: the practical perspective and the gift of gab. I wanted to know if they liked their job and if it was something that might appeal to me. Even as I enjoyed the sunshine and freedom, I was still reflecting on my next career move though I had no plans beyond the next week’s work schedule. Aside from these interactions, the local conversation was always around weather and snow and skiing. And fun.

Then, one sunny day after a great ski morning, I was walking home from the post office and heard the life changing news on January 28, 1986. The Challenger had blown up. I remember being equally stunned by the immense loss of life and the invasion of the “Real World” into this tiny mountain town.

I'd loved the space program ever since I'd visited the location as a child. One could say that I had NASA pride. Added to that was the New England pride of Christa McAuliffe's mission. Christa was from New Hampshire.

Later in the day, I wanted to talk to friends about it. After a comment or two they would change the subject. …”How was skiing today?” “Did you have good runs?” “ Which ones were best?” Another day in a ski town. Short-term pleasure was the focus.

The same happened the next day. No one around me seemed to value the immensity of this loss. I wanted to be somewhere and do something that impacted more than the current day.

At that point, I remembered an older UVM alumni I'd met who was a kind mentor. When I'd told him my parents’ horror of my choice to go West, he'd been so helpful. He had told me at the Parker House in Boston over lunch a few months earlier, “Go and enjoy. Just know when it is time to leave.”

That day in Sun Valley, I decided it was time to leave the idyllic town. It would be so easy to be there still, yet I wanted more out of life than sun, ski and snow. I began to make my exit plans. To where I was not sure, but I knew what did not work anymore for me.

In that short time, as I was in the West less than a year, I learned more than I ever imagined. That took me to an understanding of clients as my career progressed. Because I had lived a semi-retirement of sorts without a bigger vision, I had an understanding of others who inherited money and could do nothing but needed more in their life. None of this made me envious. Rather, it made me thankful for the experience I had out West. Life is multilayered and complex.

A Rainbow Kind of Day......

Amazing! One glance at the sky and I could not stop looking.  The rainbow that greeted me yesterday morning was high, and wide and situated just perfectly for my viewing.    I paused and took the moment to reflect on the beauty before me.  This time of the day I do not typically see a rainbow.  Right or wrong, they seem to me to be an afternoon occurrence. 

What could the rainbow mean?  Why today?  Why right now? The light rain that fell on me was refreshing and matched my thoughts.  This is going to be a rainbow type of day!  I smiled. 

I believe we are all able to put good intentions out there and make the kind of days we want.  Attitude matters as does our intention. 

Smiling, I thanked the universe for the reminder and carried on for my drive through the beautiful roads of Vermont to work. I never saw the rainbow again on my drive.  The smile never left my lips or heart. Rainbows represent so many things to so many people.  There is the LGBTQ movement.  There is the Irish mythology of the pot of gold at the end.  There is the Judy Garland song.  All of them are of hope and possibility.  All of them speak of beauty, of something special.

A couple of hours later, one of my dear clients came in to my office for our meeting.  She had a white paper gift bag that she dropped ceremoniously on my desk. 

“For you,” Patricia says, “I had it made by friend of mine especially.”

Imagine my smile when I opened the bag to a rainbow, a rainbow of peace signs.  I was and am still amazed.  I told her my story of intending to make it a rainbow kind of day.  Her gift radiated beauty of the giver, the purse and the peaceful intention.  I will be telling the story many more times.  I cannot wait to use my new bag!

What is your intention for the day?   Make it a Rainbow Kind of Day!

Learn Something New Every Day....Welcome 2018!!!

“Learn something new every day.” That was heard around our dinner table by anyone who cared to join us for dinner. Some families talked politics, some sports, or world problems. My Dad was a big believer in learning something new every day. Over dinner, he was sure to ask us what we learned. This was not just book learning or school. He was looking for life learning.   As a graduate of the school of Hard Knocks, he realized life skills for what they were: Invaluable. 

Learning something new often means experimenting and being willing to put yourself out there in a different way. Trying something new does not come easily to any of us. Sure, some of us more than others. But all of us had the knack for trying and failing and trying and succeeding as children. I heard last week that as children we are more willing to try things until about age five, at which time we attend school and are taught about the right way to draw a tree or the true colors of the tree. Before we met a rating system, we learned to walk by trying and failing. And trying and failing. Receiving encouragement, trying again. And then, maybe a step or two before we dropped. Only to get up and try again. No judgment, no ratings. We walked eventually.

As I enter the year, I am going back to learning something new every day, but this time not in answer to my Dad’s questions. He has been gone nine years and I sorely miss his wisdom. I'm not going back to this practice because “conventional” spiritual growth says trying the new is good for personal growth. I am going to learn something new every day because--here it is--It Feels Good! I want to feel good, even when I fail and need to try again.

What inspired this blog post and new attitude?  Simple. A freezing cold weekend in Vermont with low motivation for outside activity. I unwrapped an oil paint kit tucked away in the house.  I have never used oil paints before in my life. I have painted once in my life. And I could not even tell you how long I have had the kit. This is not about my memory failing me but since I had to dust the kit off, I only know it has been years.

I sat on Saturday, December 30th, and thought about what to paint. The thing on my mind was 2018. I sketched lightly as suggested by the guidebook accompanying my paints – I did not know that most visual artists sketch first. Then, I started painting. Fun colors. Designs that appealed to me. I mixed some paints together and made new colors. “This was fun," I thought with a smile on my face.

As I moved on, covering more and more of the surface, I wanted to do another layer of paint and merge some colors on the small canvas. Every time I tried, something blurry and unlike what I wanted appeared. So I stopped. I did not YouTube my question, I did not Google it. I went back to that guidebook – yes, someone is still reading books. The thin paperback book explained I would have to wait to do my next step until the paint was dry to the touch. I figured an hour or two. However, further research revealed that I was going to have to wait 16-24 hours for the oil paint to dry. Hmm! I wanted to be finished. 

Instead, I had to clean up. I knew how to clean brushes but admit to texting a friend on how to clean the artist’s palette. My artwork finished for the day, I had time for reflection. Writing is my typical creative endeavor. Breaking out something new felt freeing and fun. What I did not anticipate is that on December 31st, I still would not be finished with my painting project. After a bit of time with the paints, I realized I needed to add the lightness of yellow to my piece. But again, I had to let the current piece dry. Perhaps I am more patient than I thought. Or, I am learning patience in a creative way.

After the final touches on January 1st, I realized something about myself and my own creative work. I always want to power through my writing and get to the finished product. Something worthy of the reader's attention. So I write, I edit, I review and have someone else read a piece through before I commit to the completed piece. What if instead, I let the “paint dry” on my writing? I did not have to commit to hours and hours each day. Rather, I could work when something comes together in my writing and then let the writing sit for a day or two--knowing I will come back to it with fresh eyes and be ready to put the finishing touches on it. 

Yes, I am on to something. I tried something new. A real creative reach for me. And in the process, I learned a new way to approach my first love of writing. The finished art project? You be the judge…

Myth: Winning the Lottery Will Solve My Problems

The lottery is a game.  A game to play for fun.  The odds are not great for anyone.  As with the stock market, there are winners, but there are many more losers. Playing and having fun are great for the spirit.  We want to bring more fun into our lives. What we are looking for is truly to have more financial stability in our lives.

Think you will wait until you win the lottery to be financially solvent? You're more likely to die from a bee sting (one in 6.1 million), be struck by lightning (one in 3 million) or have conjoined twins (one in 200,000). And once typical lottery winners have their money, they are more apt to go bankrupt, according to one study of Florida lottery winners. 

Getting rich quick through the stock market, lottery or professional success is not a guarantee of financial stability. According to Sports Illustrated, within five years of retirement, 60 percent of NBA players are broke,  Kim Basinger and Mike Tyson filed for bankruptcy.

What Makes A Great Day?

Sometimes a great day is when a planned event goes smoothly and well.  Sometimes having no plan creates just what we need. Time to wander.  Follow your intuition.  Or just not be accountable or responsible to the clock.  For others the perfect day is having time alone.  Or even an afternoon alone. 

Yesterday I took my day off in the "Smallest City in the Country.". Vergennes also happens to be a short drive from me.  After a leisurely lunch, I headed slowly for a strong coffee I was craving to write and sit inside from the sun. 

This took awhile as I wandered through every store without a need, care in the world or clock to follow.  When I finally arrived, the coffee shop was closed for an extended vacation.  Disappointed, I headed to the clock shop for an update on our clock being repaired while I thought of it.  After my short but lovely walk there, I found they had also chose to take the day off.  Who was I to comment or be disappointed?  I was doing the same. And after this stop is where my afternoon perked up so to speak. 

There was the chocolate shop.  I had never been in, though I had tried and found the place closed on other days.  Today the sweet smelling and cozy shop was a delight.  With my two pieces of dark chocolate in hand, I sat outside and reveled in the wonderful day writing and savoring the smoothness of my treat.

Sometimes the simple things can feed us if we allow the time.

 

Cash Consciousness

Creating MoneyPeace is an inside and outside job.  We all think of spending when money comes to mind.  However, there is the first and most essential element of cash flow: Consciousness.  So do you pay attention to your money?

For example, do you know how much you spent yesterday and on what? Yes, that includes spending in the form of cash, check, debit or credit.  This question need not be difficult if you are making proactive rather than reactive transactions.  Also, not difficult if you pay attention during the transaction and realize the dollar value of what you have purchased. For many people this is where spending gets hazy.

So instead of dredging up the details of yesterday, chose to make a difference now.  Each and every time you use money for a purchase today, pay attention to the amount.  You may chose to write it down.  Or just make note mentally when handing over your debit card.  This process is very different than looking at the end of the day.  This is another form of living in the moment.

That is part of the inside of consciousness.  The outside part is “Watch your language!”  No, I am not channeling my Mom.  I just hear people so often use negative language around money.  What is negative language? Here are some examples:

·         I cannot afford that…

·         He or she is lucky, they are rich.

·         I will never be able to retire!

These types of words and expressions drain us and our relationship with money.    They leave no room for a positive relationship with money.  You want a more positive relationship with money.  So just for today:

1.       Pay Attention to How Much You Spend and On What

2.       Be Attuned around Your Language When About Money

Until tomorrow….

Have five more minutes?  Watch some thoughts on spending differently:  http://www.wcax.com/story/25245210/financial-literacy-month?autoStart=true&topVideoCatNo=default&clipId=10052223  (Excuse the first minute of commercial)

Have a few more minutes? Read this email newsletter or earmark to read later today: Let Freedom Ring -http://us5.campaign-archive1.com/?u=4d0598a17c7b535521d1ef2a5&id=4d5aa7a31e

 

 

 

 

 

 

 

 

 

Happiness is An Abundant Reward

Want to Be Happy?  May Be Better to Give than Receive.

Now that feeling of blessing when we give is being measured.  What a 2009 study reveals is that happier people are givers.  And that giving makes people happy.  So this is one vicious circle worth joining.

Giving does not just mean money.  Does not just mean to charity.  Opening a door, assisting a stranger and giving time to make someone else's life easier all help us become happier people.

Here is the short and easy to read study:

http://www.hbs.edu/faculty/Publication%20Files/10-012.pdf

Be Happy

Happy is a National Hit.  The song that is.

What makes you happy?  Here was my list for the day:

Snow shoe for an hour.

Bake cuz I want to try a new recipe.

Have friends over for dinner – cuz I can.

Play with the little girls cuz I want to.

This is life.

Happiness factor in the paper today…there is a Happiness Paradigm store in Maple Corners, Vermont.  How cool.  Being happy is again becoming important.

Check out  the website on Gross National Happiness - GNHUSA