By 2 Cents on December 9th, 2009 | Category: Money Psychology | It’s not that some people have willpower and some don’t. It’s just that some people are ready to change and others are not.
- James Gordon
The third key to change is perseverence. Even if we are able to learn a great deal and put some regular effort into our financial life, we can lose focus and temporarily or permanently give up on our quest. A major or minor setback can be very damaging. There’s no doubt about it. Change is hard. If you’ve ever tried to give up any vice, lose weight, or break any habit, you know that. It all comes down to how badly you want it. How much education and effort are you willing to put in? Are you ready and willing to accomplish your goals? If not, are you willing to deal with the consequences of not addressing your financial needs?
Here are [...]
Read on and enjoy … 3 Keys to Change Part III: Perseverence
By 2 Cents on December 8th, 2009 | Category: Money Psychology | Never again clutter your days and nights with so many menial unimportant things that you have no time to accept a real challenge when it comes along. This applies to play as well as work. A day merely survived is no cause for celebration. You are not here to fritter away your precious hours when you have the ability to accomplish so much by making a slight change in your routine. No more busy work. No more hiding from success. Leave time, leave space, to grow. Now. Now! Not tomorrow!
- Og Mandino
Once you’ve decided to make a change and you have a plan, it’s time to act. For many of us (myself included) this can be the most difficult part of changing. Most of us really are pretty busy with work, family and all of the responsibilities that come with being an adult. It’s easy to tell [...]
Read on and enjoy … 3 Keys to Change Part II: Effort
By 2 Cents on December 7th, 2009 | Category: Money Psychology |  Approach each new problem not with a view of finding what you hope will be there, but to get the truth, the realities that must be grappled with. You may not like what you find. In that case you are entitled to try to change it. But do not deceive yourself as to what you do find to be the facts of the situation.
~ Bernard M. Baruch
As mentioned in the last post, 3 keys to effective change are:
I. Education II. Effort III. Perseverence
Today, we will address education. For the purposes of this discussion, we’ll focus on the area of personal finance, but you can apply these principles to any area you like. The first aspect of educating yourself is to figure out what the problem is, and then to learn as much as you can to [...]
Read on and enjoy … 3 Keys to Change Part I: Education and the Shampoo Cycle
By 2 Cents on December 4th, 2009 | Category: Life Balance | Action is at bottom a swinging and flailing of the arms to regain one’s balance and keep afloat.
- Eric Hoffer
The last two posts have covered two thirds of our three core subjects (money and balance). Today’s post deals with the third, and possibly most important topic: change. The quote above illustrates the gist of what I’m getting at: feeling out of balance is our signal that change is needed. That means action.But what action? What do we need to do to regain our balance?
The answer, of course, depends on what part of our life or financial situation is out of balance. Identifying that is the key to formulating a plan of action. For most of us, just initiating some sort of action is often a major stumbling point. But act we must, for without action, there will be no change.
If Read on and enjoy … The Change Imperative
By 2 Cents on December 3rd, 2009 | Category: Life Balance | The best and safest thing is to keep a balance in your life, acknowledge the great powers around us and in us. If you can do that, and live that way, you are really a wise man.
- Euripides
The concept of balance permeates all areas of our existence. It is central to many key concepts in art, science, nature, accounting and economics. Art connoisseurs look at whether a piece is symmetrical or asymmetrical. Chemistry students balance chemical equations and follow the Law of Conservation of Mass, which states that the mass of the products must equal the mass of the reactants.
The scientific concepts of diffusion and osmosis deal with the tendency toward equilibrium. In the realm of nature, ecologists generally subscribe to the Balance of Nature Hypothesis, which theorizes that ecological systems are usually in a state of stable equilibrium (homeostasis) and that a small change in [...]
Read on and enjoy … Balance Is a Journey
By 2 Cents on December 2nd, 2009 | Category: Money Psychology | People are always blaming their circumstances for what they are. I don’t believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and if they can’t find them, make them.
-George Bernard Shaw
Sometimes in order to tackle a big topic like how to improve our financial situation and thereby our quality of life, we need to go back to the beginning. So today we are asking the most fundamental question in personal finance: What is money?
Is it better to have more money or less money? Does more money make us happier? How much money would it take for you to be happy? Is money good or evil? We will eventually tackle all of these questions in this blog, but for today, we will stick with the main question.
Obviously money can [...]
Read on and enjoy … What Is Money?
By 2 Cents on December 1st, 2009 | Category: BJ News | It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.
-Charles Darwin
I thought it would be good to introduce the blog with some more detailed information about its purpose, focus, and topics I intend to write about. Given the recent financial market turmoil, many people are rethinking (or beginning to think about) their approach to personal finance and all of its components: budgeting, spending, saving, investing, and retirement goals. Those who have financial advisors are wondering if they helped or hurt their investment performance over the past decade or so. Those who don’t use an advisor are either thinking about hiring one or trying to figure out how to do it themselves.
This blog is for people who may fall into any of the above categories. It’s for anyone [...]
Read on and enjoy … Introduction to Balance Junkie
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