Monthly Archives: October 2011

Perfect or Great?

I wonder how many books on procrastination have had to be written because of one line in the book Good to Great… “good is the enemy of great.”

I believe in doing things well but sometimes we confuse the word great with the word perfection. Many things require things to be done great or well, but not perfect. If you are a surgeon, I want perfection. If you are my mechanic, great or well is sufficient. I want the parts installed correctly and I want the bolts torque to specification, but I don’t care if the slot in the screws all line up so they are visually pleasing. If you own a $100,000 collector car, you want things done to perfection, not done great or well.

When we feel we have to do things perfect, it slows us down. We take more time to make sure it is perfect. We may be so concerned about making it perfect that we keep finding reasons why we don’t start working on it. So, when you are feeling that something has to be perfect, re-evaluate. Does it need to be perfect, or is great or well sufficient?

Another thing to remember is if we working on something with total perfection, and there is no need for it to be perfect, we are being inefficient. Being inefficient means that something else is either not getting done, or you are working more hours than is truly required of you.

So if you are perfectionist, I want you to evaluate why you are a perfectionist. Is it because what you do requires it, or because you have made that self-imposed demand on yourself? How does your perfectionism impacting your life balance? How does it impact your budget? Yes, I said budget. Perfectionists usually have a hard time doing a household budget because the fear of not doing it perfect prevents them from starting!

So stop being perfect and start being great. Go make something great happen this week.

You have a choice, and the choice is yours.

Bryan Cooper

My Financial Life Coach, LLC

Delaware, Ohio  43015

www.MyFinancialLifeCoach.net

Check out our new, totally online program, yours today for just $29.99.

Balance Up: 42 Days to Maximize, Energize, and Organize Your Life

Balance Up is different than most other programs because it combines Goal Setting, Financial Management, Prioritization Management, Time Management, and Life Balance into a single program. In the mid 90’s Bryan developed and delivered corporate training in the areas of Goal Setting, Action Planning, and Time Management, so he understands adult learners. Bryan has combined that experience with his experience in financial coaching to create Balance Up.

So what are you waiting for? Take action today and start working on your dream, goals, or finances.  Let Balance Up walk you through the process.

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Filed under Balance, Budget, fear, Goals, household budget, Life Balance, Priorities, Procrastination, Uncategorized

The Raise

Did you get a raise this year? If you did, what did you do with it? Have you noticed its impact on your finances? So many times, we don’t notice our raises because they are absorbed into our spending. As our salary goes up, our expenses tend to increase to match our new income. Sometimes they climb even higher than that, causing financial problems.

Here is my challenge to you today. Every year you get a raise, save a portion of it. Consider setting aside at least 1% for savings each year. In ten years you will be saving 10%. In fifteen years you will be saving 15%, and in twenty years . . . you get the idea. Use your raises to your advantage. Take control of them instead of absorbing them into your spending.

Looking back, where would you be today if you had applied this concept when you first started working? Some of you would have a lot of money saved right now. You can’t change your past, but you can change your future. Are YOU going to start saving YOUR raises?

You have a choice, and the choice is yours.

Bryan Cooper

My Financial Life Coach, LLC

Delaware, Ohio  43015

www.MyFinancialLifeCoach.net

Check out our new, totally online program, yours today for just $29.99.

Balance Up: 42 Days to Maximize, Energize, and Organize Your Life

Balance Up is different than most other programs because it combines Goal Setting, Financial Management, Prioritization Management, Time Management, and Life Balance into a single program. In the mid 90’s Bryan developed and delivered corporate training in the areas of Goal Setting, Action Planning, and Time Management, so he understands adult learners. Bryan has combined that experience with his experience in financial coaching to create Balance Up.

So what are you waiting for? Take action today and start working on your dream, goals, or finances.  Let Balance Up walk you through the process.

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Filed under Budget, Finance, Money, Personal Finance, Priorities, Saving Money, Stress

Fall – Turn on the Heat AND $ave Money

Programmable thermostats

In today’s economy, people often talk about how they can reduce their expenses and increase the return on their investments. There are many ways to do this, and some are more challenging than others.

As I work with clients to maximize their incomes and improve their finances, one thing we discuss is how to reduce their utility costs. One of the items that typically comes up in these conversations is the programmable thermostat. Most people either they don’t have one or they have one but do not use it.

According to the energystar.gov website, a programmable thermostat saves an average of $180 per year. So if you have one, start using it. If you don’t have one, get one. Spending $40 to $100 for a programmable thermostat now can save you approximately $1,800 over the next ten years. Now that is an EXCELLENT return on an investment. Talk about savings!

You have a choice, and the choice is yours.

Bryan Cooper

My Financial Life Coach, LLC

Delaware, Ohio 43015

(740) 815-3243

www.MyFinancialLifeCoach.net

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Filed under Budget, Finance, Financial, Money, Personal Finance, Saving Money

Save for Large Expenses

I started working with people and their finances twenty years ago, and I’m still amazed by how many people use their credit cards to buy things like tires and furniture.

I want you to catch this: They tell me they don’t have enough money each month to save up for these items, though they do have enough money to pay the credit card company back for these same items but with interest.

The key is to start using the sinking fund approach. The sinking fund is a fund where you prepay for anticipated expenses. Here is an example where someone needed $400 worth of tires:

 Car tires – $400 – Divide by how many months until you need them.

6 months:            $67 per month – prepay

12 months:         $37 per month – prepay

24 months:         $17 per month – prepay

If you charge them on a credit card for 2 years at 24.9%, you will pay $ ___111.18____ in interest.

With just a little bit of preplanning, $111.18 of interest could have been saved. This same concept can be used for larger purchases too, such as large home repairs like roofs, furnaces, and even your vehicle replacement. Planning ahead by saving money in a sinking fund can save you thousands of dollars.

You have a choice, and the choice is yours.

Bryan Cooper

My Financial Life Coach

Dave Ramsey Certified

Delaware, OH 43015

www.MyFinancialLifeCoach.net

Could your organization benefit from one of our financial seminars? Some folks just don’t have the time for a 6 or 13 week class so we offer two, three, and four hour seminars to help jump start the process to financial freedom.

In this seminar the participants will learn how to:

  • Develop in-depth financial and non-financial goals
  • Look at money differently
  • Save money
  • Develop a plan for their income
  • Get out of debt
  • Develop life balance skills such as Time Management, Prioritization Management, and Procrastination Management

http://www.myfinanciallifecoach.net/inner.php?pid=4

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Filed under Auto, Budget, Dave Ramsey, Finance, Personal Finance, Saving Money

Celebrate the Successes of Yesterday and Today

Positive self-talk

As people start dealing with tough situations such as financial issues or overwhelming schedules, they are quick to point out that they can’t make it because of some other failure they might have experienced in the past. If you are dealing with a prioritization issue (too much to do), you might tell me about the four items you didn’t get done earlier, and those items become the entire discussion.  If I had the opportunity to follow you around for the entire day, however, I might discover that you worked on and completed twenty other items.

Focus on the accomplishments

Now, you may have had the wrong priorities and worked on some less important tasks, but the fact remains that you did a great job accomplishing those twenty items. In other words, you did a great job completing twenty items, but you are only focusing on the four that didn’t get completed. That is a one-to-five ratio. Another way of saying this is that you were focused on the one out of five tasks that you didn’t get done instead of the four out of five that you did get done.

Look at everything you do and consider the accomplishments. For example, if you say you can’t manage finances, you may tell me that you spent $30 eating out instead of spending $5 eating at home. During that same day, you also chose to use coupons and to purchase some store brands, so you saved $40 on your grocery bill. You also decided not to purchase a new T.V., deciding that you will wait until it no longer works to replace it. While you failed in the area of eating out, you still succeeded in other areas. Don’t focus entirely on the negative. Consider what you did right, and work on correcting the areas you sometimes make mistakes in, but don’t allow your mind to constantly dwell on them. Instead, think about how you succeeded today.

Maybe you struggled in the area of procrastination yesterday. You needed to mow the lawn, but you couldn’t bring yourself to do it. Instead, you finished cleaning the house, paid your bills, and worked on your budget. You failed to mow the lawn, but you did finish some important tasks as well. Focus on the positive.

Don’t allow a few failures among many successes to discourage you. Look at the ratio of failure to success and pat yourself on the back for the accomplishments. Reflecting on the positive will help you to stay motivated and will help you to keep moving toward your goals.

You have a choice, and the choice is yours.

 

Bryan Cooper – Financial Life Coach

Delaware, Ohio 43015

Stop by our website for over 300 money and time saving tips. www.MyFinancialLifeCoach.net

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Filed under Goal Setting, Goals, Life Balance, Personal Finance, Priorities, Procrastination

Following a Car Covered in Ice

One winter day…

One winter day I followed a car out of my neighborhood. It was early morning, and there was a heavy frost. Coming up behind the vehicle, I noticed 1) they were driving 10 MPH in a 25 MPH zone, and 2) they were driving all over the road. As I looked, I discovered that the rear window was still covered in frost. They stopped at the stop sign and readied to turn right onto the highway.

An accident waiting to happen

After pulling out, they proceeded to drive on the wrong side of the road. They were all over the road. I noticed that the side windows were still totally covered with ice. They continued to weave, so I’m assuming they did little to nothing to the windshield as well.  They were an accident waiting to happen.

Can’t see where you are going in life?

Getting into a car with windows entirely covered by frost is like trying to go through life without a plan or a budget. You may make some progress, but you will be moving slower because you can’t see very well. You may be all over the place, and you may create a major accident that could result in some casualties along the way.

We all have choices

That day the driver made some bad choices that could have easily been avoided by a little bit of preparation and discipline. What preparation do you need to do to avoid a financial accident? Take action today. Learn how to make changes by reading a book, taking a class, or finding someone who can help you.

You have a choice, and the choice is yours.

Bryan Cooper

My Financial Life Coach, LLC

Delaware, Ohio  43015

www.MyFinancialLifeCoach.net

Check out our new, totally online program, yours today for just $29.99.

Balance Up: 42 Days to Maximize, Energize, and Organize Your Life

Balance Up is different than most other programs because it combines Goal Setting, Financial Management, Prioritization Management, Time Management, and Life Balance into a single program. In the mid 90’s Bryan developed and delivered corporate training in the areas of Goal Setting, Action Planning, and Time Management, so he understands adult learners. Bryan has combined that experience with his experience in financial coaching to create Balance Up.

So what are you waiting for? Take action today and start working on your dream, goals, or finances.  Let Balance Up walk you through the process.

 

2 Comments

Filed under Budget, Change, Family, Finance, Financial, Goals, Life, Life Balance, Money, Personal Finance, Uncategorized