Your Financial Foundation
Dear Subscriber,
Our (US) taxes are done, spring is here in the northern hemisphere, so now what?
This month we face that fundamental challenge of all aspiring-but-not-yet Prosperous Artists… money!
Joy and Success,
The Coaches of Artist’s EDGE – Debra Russell and Wendy Keilin
Please note that Wendy is no longer with Artist’s EDGE
Challenge of the Month
Managing Your Money like a Prosperous Artist
Money makes the world go round – so goes the song. Money is such an essential part of our society and our world. The ability to manage our finances is critical to our ability to survive and thrive.
Why do so many of us know things we could do to improve our financial situations… and yet do everything in our power to avoid, deny, and ignore our money?
How then do we begin to build a life with a foundation of financial security?
For a complete step-by-step procedure to Build Your Financial Foundation, come to our next Artist’s EDGE Membership call, where we’ll work with you live – Tuesday, May 29th at 8pm EDT / 5pm PDT. You can attend for only $1… or listen to the recorded call at your convenience.
Debra’s Solutions
Step One – Get REAL!
Clients often come to me with the deep desire to never have to think about money again. But like a garden, if you neglect it, refuse to water and weed it, it either completely dies or becomes an abysmal, terrifying and ugly jungle. And that’s what you can be faced with after years of neglecting your finances – scary, awful, debt-riddled chaos.
The very first step is to get real. Start logging every penny you spend. Create a table of your unsecured debt (for example, credit cards) with total owed, line of credit, APR (and if it’s fixed or variable), and minimum monthly payment. Create a table with your Assets and Liabilities and another with your Income and Expenses.
Until you know the real truth about these things, you can’t begin to create a realistic budget that you can live within. You can’t begin to create a plan for peace and solvency, let alone wealth.
But once you wade through all the weeds, and discover what’s real, you can begin to plant systems and structures that require only a small amount of TLC to keep your garden growing and producing a bountiful life for you to enjoy.
It can be very hard to do this on your own. If it were so easy, you’d already be doing it, right? I specialize in helping clients create a calm, empowering and even joyful relationship with their money. I have 3 openings for new clients beginning in June. Contact me today to turn around your relationship with money.
Contact Debra for a Complimentary Coaching Session
Wendy’s Solutions
Create a Success Mindset
So now you know what to do.
But will you do it?
In my experience, the strongest factor determining your financial situation is your mindset – what money means to you and how much you feel you deserve.
T. Harv Eker, author of Secrets of the Millionaire Mind, calls this your Financial Thermostat. Your undistinguished beliefs about money and your own worth rule your financial world.
For example, most lottery winners quickly go broke and return to the financial set point they had before their win. Most millionaires have lost it all at least once, but then become millionaires again. If Donald Trump were ever only a millionaire, he’d feel very poor, wouldn’t he? And would quickly rise again to his billionaire comfort level.
The good news is that you can reset your Financial Thermostat. Your thoughts are a habit, and like all habits, they can be changed… and it takes time, effort, and attention.
Start by listing everything you “know” about money – it’s the root of all evil, rich people can’t get into heaven, you can do good or make money, art doesn’t pay. Notice all the messages you got from your parents, school, TV, religion, and your own early experiences with money. Notice what you’re thinking when you make (or avoid) financial decisions. Are your thoughts serving your goals, or blocking them?
Now imagine the financial situation you want to have. What thoughts and beliefs would a person with those finances have? Begin to shift your thinking and speaking so it’s consistent with your desired thermostat setting, until you own those new beliefs. Only then will the external results begin to show up.
In our Build Your Belief – The Key to Success call, we outlined a procedure for wwweloping new beliefs. You can hear a recording of it in the Artist’s EDGE Membership.
Please note that Wendy is no longer with Artist’s EDGE
Want to Learn More?
Building Your Financial Foundation
Tuesday, May 29 – 8pm EDT / 5pm PDT
Many of us think our problems with money are that we just don’t have enough. If we had more money, our problems would disappear. But the vast majority of lottery winners are broke within 3 years. The problem isn’t the money – it’s how we think about, manage, and use this essential resource.
In this first of two special Artist’s EDGE Membership calls, you’ll learn how to:
- Shift your internal beliefs to become a money magnet
- Apply our S.P.E.C.I.A.L. action plan to your unique goals to achieve financial freedom and success
- Build systems to streamline your money management
- Design a game plan that produces and sustains financial freedom
In our June call, we’ll be exploring how to manage your Business Cash Flow, particularly when your income is variable.
If you want more direct support on your path to artistic success, come play with us this month in the Artist’s EDGE Membership. You can attend this month’s call (and listen to over 35 past calls) for only a dollar by becoming an Artist’s EDGE Member today.
Join the Artist’s EDGE Membership
Cool Resources
Secrets of the Millionaire Mind
“Give me five minutes and I can predict your financial future for the rest of your life!” - T. Harv Eker
How do you know whether your own Financial Thermostat is set for wealth, moderate success, or poverty? Look at your results in the real world: your income, assets, and net worth. Your results reflect your inner blueprint.
You can’t build a mansion from a bungalow blueprint. In fact, the only way to become the architect of your new financial destiny is by revising your own internal blueprint and setting it for automatic success.
In his wonderful book, Secrets of the Millionaire Mind, Harv’s simple, straightforward, and entertaining wisdom will teach you exactly how to take the brakes off and reset your Financial Thermostat for the level of success you desire.
If you live near a big city, you can also transform your blueprint live with Harv or one of his Master Trainers in a free 3-hour Millionaire Mind Evening near you.
If you can’t attend an evening, you can participate in a live teleclass from the comfort of your own home.
These tools will change your life. I really hope you’ll check them out.
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