The Costly Money Mistakes That Women Make

by admin on March 3, 2010

Despite all of the hype there is no secret to becoming wealthy. The book The Millionaire Next Door showed that the average millionaire is someone living in your own neighborhood. It’s someone who’s taken the responsibility to be financially self-sufficient. 

You can’t readily identify your local millionaire.  Why?  Because  she is not driving a flashy car; isn’t decked out head to toe in designer clothing and isn’t lounging at the country club. This millionaire however isn’t in debt; has paid off her house; can afford to pay for her children’s education; and has general peace of mind that she can comfortably meet her household expenses on a regular basis.

If you want to be wealthier than you are today, you only need to do four things:
1) Earn a decent salary
2) Spend less than you earn
3) Invest the money that you don’t spend so that it can make you more
4) Protect yourself and your money so that financially you can withstand a change or emergency

The reason that you’re not as rich as you’d like is because like most women, you’ve set up “money blocks” aka excuses that prevent you from:
Earning a higher salary
Saving more of your income
Keeping as much as you’d like for the future

Do any of these “money blocks” aka excuses may sound familiar to you?:
“I’m not good with money.”
“Given the economy, I can’t ask for a raise (or raise my rates).”
“My husband/partner handles our finances.”
“You only live once, so I’m going to buy some Jimmy Choo shoes.”

I’m here to give you a wake-up call:
If you’re not handling your money you are not taking care of yourself. You also aren’t taking care of your kids, your spouse or your aging parents. If you don’t take control of you money voluntarily, unfortunately life has a way of throwing you a curve, such as a job loss, an illness, a death or a divorce, which forces you to pay attention to the state of your finances.

If you’re like many women, you know that you need to get a hold of your finances but you’re not sure where to start.  If the topic of money scares you, overwhelms you or just makes you feel stupid, then I urge you to register for my FREE preview teleseminar, “The 3 Keys To Creating Your Financial Freedom” that takes place on Tuesday, March 9, 2010. On this call you receive easy to follow, but valuable information about how you can create financial security for you and your family.

Be the first to comment

A Millionaire Reveals How to Be a Money Magnet

by admin on February 27, 2010

I started following entrepreneur Ali Brown a few years ago when she was known as the “E-Zine Queen.” [I am not an affiliate of Ali Brown or any of her companies] The self-made millionaire started out as a poorly paid copywriter. Subsequently she branched out on her own and began giving copywriting tips via an email newsletter. Demand for her ezine increased and she saw a new opportunity—teaching small business owners how to use ezines to increase their revenues.

Ali has been candid about credit card debt she incurred in her twenties. She also revealed that in her thirties she was approximately $30,000 in debt in the aftermath of her divorce. Now Ali runs a burgeoning media empire, which includes business coaching, Ali magazine, products and a possible television program.

Given her rise from struggling underearner to multi-millionaire entrepreneur I think that she has some financial wisdom to impart to other women. Recently Ali released a podcast that revealed her “7 Mantras for Being a Money Magnet“:

1) I am responsible for my financial success and no one else.
2) I learn about making money from wealthy people.
3) I take good care of my money.
4) I see opportunities in everything.
5) I play to win big.
6) I love to receive, especially money.
7) I enjoy giving money to others.

Listen to Ali’s FREE podcast by clicking here

Please feel free let me know what you think about this post by leaving me a comment.

Be the first to comment