Tuesday, November 10, 2020

Wellness Coaching 12

 Dear Beloved Hearers and Doers,

      In the 12th Wellness Session the focus will be on being Financially Healthy. Being financially successful means I can make a positive difference for myself, my family and community. Being financially successful means I am financially independent. The goal is to have financial balance. To build a financial foundation. To have a healthy relationship with money. That money is used as a tool  and is there to serve. Anything further is to meet the needs of your future and/or the next generation. 

     The goal is to keep out of the money stress storm.  To get out of the financial loop. This loop causes a wobbly effect which causes people to get off balance. To have awareness of the cycle. Break the cycle. Start a fund that you can save and put away. 

Asking yourself is this a want or a need? Think of your needs food, shelter, health and utilities. Wants are going shopping, entertainment, dining out, hobbies for some this is Netflix or other monthly subscriptions. Think of what you could take from wants and apply it to savings and your debt. To pay off student loans. To clear up your debt, helps with your credit score and saves you money in the long run. Start a savings or some call a "rainy day fund." A savings that can cover 6 - 12 months of living.  

     Money and finances is financial health. It is making money, saving, investing, spending on material items, recreation and travel. There is a fine balance of being greedy and being a penny-pincher. To have the ability to be generous. To be financially independent. To stand in your faith, while making money to support yourself/family. To feel that you have security, a safety net to fall back on. Having a financial portfolio that holds your residual income and investments. To have money for your future ; for your retirement and for your family. To have freedom to make purchasing decisions.

    Take time to feel appreciation for the allowance that you do have. Have your needs met first and then reasonable wants. It is often helpful to think about other countries and how they keep going. Recognize your spending triggers. When do you feel most inclined to spend? Don't feel controlled by money. Take time to plan your purchases.  Exercise self-control when it comes to spending. Build adaptability skills of going without your wants and focus on your needs. With this practice you will build a muscle of skill to make wise purchasing decisions. You first have to make a budget then apply it.   

Lady Self Reflection ~ 

Asking yourself is this a want or a need? Limiting myself to a want a month and not feeling that I deserve something. 

Is a minimalist lifestyle right for you? I enjoy the idea of more happiness in relationships and experiences, instead of stuff. 

What is financial balance? Using the 50/30/20 rule. 50% going to needs. 30% going to wants. 20% to savings and paying off debt.  

LADY Wellness Foundation Scriptures ~ 

1 Timothy 5:8 ~ But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.

2 Corinthians 9:8 ~ And YAH is able to make all grace abound to you, so that having all sufficiency in all things at all times, you may abound in every good work. 

Matthew 6:33 ~ But seek ye first the kingdom of YAH, and his righteousness; and all these things shall be added unto you. 

1 Timothy 6:10 ~ For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. 

As always, please take this and allow this to grow you and strengthen you with all my Love & Shalom.