Tag Archives: Brian Tracy

Step 2 – Determine your goals. Think LONG-TERM

 “Your personal goals (vision) need to determine your spending, not your spending determine your goals.”    –  Bryan Cooper 


Dream a little . . . what would “Financial Freedom” look like to you? Close your eyes, can you see it? Can you taste it? Reflect on this for a few moments.

As I’ve coached over the years I have learned that you must spell out what financial freedom means to you and you must start establishing and prioritizing goals to get there. When I work with a client the first thing we do is spend 30 minutes in this area and we revisit it during the entire process. This is where you design life around family, events, etc.

Please understand that you don’t need to have every detail figured out before you start, you just need to start!     Brainstorm your goals. Your goals should include financial and non-financial goals. Establishing the right goals will help you with life balance.


Your goals need to include:

  1. Very short-term goals –  (under 1 year):
  2. Short term goals – (1-5 years):
  3. Long term goals – (over 5 years):

Your goals should become your compass. Everything you do will be measured against your list of goals. As every new opportunity comes before you, you will evaluate it to see if the opportunity helps you toward your goals, or away from them. If it helps, consider it. If the opportunity distracts or hurts your progress towards your goals, eliminate, say no to it because it will get you off course.

Remember, your goal list is a living document. You will make changes to it as priorities change or as other life events unfold in your life.

Take Action

So today why don’t you do the following two action items.

1. Take a pencil and paper and start writing out what Financial Freedom means to you.

2. Write out your goals, breaking them into < one year, 1-5 years, and > than 5 years.

It’s your life; why not make the most of it?

Remember, YOU have a choice, and the choice is YOURS.


Bryan Cooper

My Financial Life Coach, LLC

Delaware, Ohio



Thank you for reading the My Financial Life Coach blog where we talk about life, food, family, life events, spending, and economic news. We do make every attempt to avoid the topic of politics but we will bring up economic policies that need communicated.



Filed under Blog, Change, Events, Family, Financial, Food, Goal Setting, Goals, household budget, Life, Personal Finance, Stress

Week in Review: February 13-17

Franklin Delano Roosevelt, 1933. Lietuvių: Fra...

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I’m trying something new. This blog entry will include everything in the week that I posted on Twitter, Facebook, LinkedIn; along with links to WordPress posts.

February 13

Proactive people take the initiative and responsibility to make things happen. They cause action rather than being victims of circumstance. -Chris MacAllister

By concentrating single-mindedly on your most important task, you can reduce the time required to complete it by 50% or more. –Brian Tracy

Blog – Paying the Bills


Shared ArticleFear the FAFSA? Here are five mistakes to avoid when applying for college financial aid

Decide today to change your $ habits. Procrastination costs you $ and opportunity. – Bryan Cooper

February 14

Do something. If it works, do more of it. If it doesn’t, do something else. –Franklin D. Roosevelt

Want more time? Stop worrying about your money and start managing it. Better money management equals better time management.–Bryan Cooper

Shared Article401(k) plans: Did yours grow? Most didn’t in 2011.

A wise man who does not grieve for the things which he has not, but rejoices for those which he has.-Epictetus

February 15

Don’t make your life all about money, take your money and make it all about life. – Bryan Cooper

The #1 and probably most important, key to consistently doing what’s right is actually quite simple: think before you act.-Eric Harvey

Blog – Is Saving a Lost Art?

If you only need to use an item once or twice, consider borrowing or renting the item instead of purchasing it.

February 16

Optimism is a crucial choice we make in establishing expectations for ourselves and others as we begin to move forward through adversity. -Christopher Novak

The bad news is time flies. The good news is you’re the pilot. -Michael Altshuler

Men are like bank accounts. Without a lot of money, they don’t generate much interest. – Unknown

Don’t like the idea of changing your spending habits? Don’t; but you’ll dislike being broke the rest of your life even more. –Bryan Cooper

February 17

When someone offers you a challenge, don’t think of all the reasons why you can’t do it. Instead say, “Yes!” Then figure out how to get it done. -Katherine Hudson

For fast-acting relief, try slowing down. -Lily Tomlin



Shared ArticleMore Americans say it’s OK to cheat on taxes

The number who advocated cheating ‘as much as possible’ doubled last year, to 8% of taxpayers. An additional 6% say it’s OK to cheat a little.

Don’t forget to stop by the My Financial Life Coach Facebook page and click like.

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Filed under Balance, Blog, Change, Credit, Debt Elimination, Economy, Emergency Fund, Events, Family, Goal Setting, household budget, Life Balance, Money, News, Personal Finance, Saving Money, Time Management, Uncategorized

Happy New Year

Happy New Year and welcome to the first post of 2012!!

I will be doing things a little different this year. A majority of the folks start out the new year with some type of financial resolution, so for the first couple of weeks I will be posting Sara’s (Single Mom’s Ask Sara) journey through the Balance Up program.  I will be including some additional posts during this time too and then later in January you will see a little more topical structure with my posts. Enjoy!

Sara’s Journey Through Balance Up

Day 1

Here we go! Taking a deep breath I opened my first Budget Up! email and clicked on the link to the lesson.

Bryan reminded me:

“Today you made a choice to make a change in your finances and your life.” – Bryan Cooper

Again…big deep breath. Was I ready for this? I mean I have a pretty good handle on my dollars…in my head. Was I ready to put those dollars on paper?

Insanity is doing the same thing over and over, expecting a different result.”

Another reminder from Bryan. Yes…I do want a bit of a change, and it would be very nice to think about my finances without getting sweaty palms and chest pains.

I am ready to continue…prosperity, here I come!

Sara Sherman money

Money…Day 2–Official Start!

I am back! I have been traveling for work and am a tad behind in my financial classes. The great thing about this email day by day format is that I can catch up as I am able. Thank goodness!

I opened my “official start” email and followed the link. The first thing I noticed on the screen was a link to spreadsheets. “OK,” I thought. “I can do spreadsheets.”

I clicked the link. Yikes! There were a whole bunch of spreadsheets! As I tabbed through the spreadsheets of income, expenses, equity, balances, and paycheck assignments my heart hit my throat and I started throwing the numbers I could remember into the cells. Unfortunately, I couldn’t remember everything, and I wasn’t sure what to do with some of the sheets. Now I would have to go upstairs and sort through files, and the stuff in the “to be filed” pile and figure out all this stuff. Not my favorite thing.

I took a deep breath and fired off a list of questions to Bryan. This was on a Sunday night. I got a prompt email response from Bryan who kindly and patiently answered my questions. Then he asked. “Did you watch the video tutorial?”

Did you watch the video tutorial?”

Video tutorial? Oops. In my panic and rush to plow through the spreadsheets I failed to notice the large square to the right telling me to watch the video tutorial.

So…I am going to go do that now, and I’ll let you know how I fare with those spreadsheets after I actually see the instructions.

Ahhhh…..the video

So…following Bryan’s reminder, I watched the video instruction for Day 1. Easy peasy!! Turns out, instead of flipping from spreadsheet to spreadsheet in a state of mass hysteria, I really only needed to work with 3 of the spreadsheets for Day 1. Much better!

These three spreadsheets are the foundational pieces of your personal budget. In essence, “What do you owe to whom?” and “How much are your monthly expenses?” Pretty basic stuff.

A few months ago I realized I had gotten some outright wrong, or at least misunderstood (I am going with the former) advice on the self-employment income I had last year. Finding out my federal, state, and local taxes were thousands of dollars that I did not have, gave me the opportunity to go through this process to determine what I could pay Mr. Tax Man each month. Given that, I had a pretty good idea of what was where.

For the few spreadsheet lines I wasn’t quite sure of, I popped in a number and watched what happened. Seeing the calculations the spreadsheet performed cleared up any confusion and I knew what to do.

I have a few pieces of advice for this part of the process:

1. Gather your bills to get a good idea of what you owe and what you pay.

2. If the process is stressful, or causes you anxiety, do it in little pieces at a time, and think of it as someone else’s money. For example, “My goodness, Davy Crockett has an $8,000 Master Card bill? Well we’ll just have to see what we can do to help Davy get that taken care of.”

3. Understand that none of this is in stone. Your financial picture moves and changes each day, at least a little bit. Yesterday’s cash on hand was $72, today’s is $65. Pick a spot to start, and just keep going.

Bryan gives his students the weekends off…Go Bryan! So I should get a good start on catching up from my work travels this weekend.

Happy Money!!

Money…days 2 and 3

The lessons for days 2 and 3 work hand in hand. In these days, Bryan challenges us to list our goals. Yep. Goals. But not just our money goals, our life goals.

“Your personal goals (vision) need to determine your spending, not your spending determine your goals” – Bryan Cooper

Ponder this quote from Bryan for a few minutes. Take a deep breath or two and let this idea roll around in your head. How does it feel to you?

I have two strong sensations when I do this. First, the idea that my life is actually running my money is very freeing to me, and my second sensation is…how in the heck am I going to get there?

I am good with the goals. I own Covey’s 7 Habits, nearly every Wayne Dyer book, 2 of Joel Osteen‘s, and a handful of other how-to’s by delightful writers. Sometimes I have those goals down on paper and I am trucking right along, and sometimes life is trucking right over me. When it takes everything you have to get from sun-up to sun-down each day, it can be easy to lose sight of the big picture. All of a sudden the years have passed and what you wanted for your life seems like a pipe dream.

And because Bryan is sooooo darn thorough, he talks about that a bit too. In this lesson we also review possible reasons why we have not moved forward with our goals. If we cannot identify our barriers, we cannot overcome them. Bryan reminds us that we don’t have to have to have all the answers, and we don’t have to already know how to get from A to B. After all he says, “Nobody knows everything.”

Because I want to be successful in this Balance Up program, I decided to sleep on the idea of goals for a few days. I am now ready to put them to paper and move on.

Yes, you will need to do a little spreadsheet work in this lesson, but it’s just a little and it won’t take you too long.

Onward and upward!! – Sara

Related Articles – (Note from Bryan – Along with some of my articles below I also included some articles from folks who I read on a regular basis…enjoy!)

Build the New Year of Your DreamsMorning Coach

Is This the Dream You Want?My Financial Life Coach

5 Reasons Why Most Don’t Become Wealthy Brian Tracy

Remove the Constraints and Live Your Dream LifeMotivation To Move

Take Control of Your Own LifeMy Financial Life Coach

What will your compass for 2012 be?– Johan Coetzer

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Filed under Balance, Budget, Change, Finance, Financial, Goal Setting, Goals, household budget, Life, Life Balance, Miscellaneous, Money, Personal Finance, Priorities, Resolutions, Stress, Uncategorized