Blooming Boomers

October 5, 2010


This week we’re going to challenge you to set your financial goals! Some of you might be thinking, ” I’ve tried this and it doesn’t work. I still come up with too much month at the end of my money.”  But try, try again! And this time with a WHOLE NEW ATTITUDE. It may seem strange but attitude plays a HUGE ROLE in our money matters! Our money is directly linked to our emotions and most of our attitudes and feelings  about money are LEARNED BEHAVIORS. So if you have some negative money attitudes that don’t serve you , you can “UNLEARN THEM”. : )

A financial goal met...Our family in Disney World!

There are many articles on the internet about our money attitudes and I’ve learned a lot about MY “money attitude” by reading them. I reccommend them because I don’t pretend to be the expert on money matters. But being willing to learn new things and having an optimistic outlook on my finances, helped tremendously!

I’ve set many money goals and was able to meet them (or something SIMILAR  or something BETTER ) even though we are not rich by any means. And YOU can do this also!

Included in your first money goals should be to pay off any debt you have. That will help you tremendously in getting quickly to your other goals. The best way to do this is the “snowball method” of getting rid of debt which I’m sure many of you are already aware of but I’ll explain it here just in case there is someone out there who has not heard of it.

Here’s the way it works:

1) First find an “extra $50” in your budget. You  may have to work hard to find it but you can find a way if you try hard enough!

2) Now take that $50 and apply it towards the principal of the smallest amount of debt. In other words, if you had been paying $25 as a  minimum payment, you’ll now be paying $75 per month. Continue paying other debts as usual.

3) After the  first debt is paid off ,take the full amount that you were paying on that ( $75 ) and apply it to your next smallest debt amount. Let’s say that on THIS  debt you were paying $40 per month. Adding the $75 to the $40, you are now to pay $115 to this next debt. You are still paying out the same amount of money in cash as you had previously, but now you are paying off the debts by paying more on the principal.

4) Continue to take the increased amount of money and apply to the next debt amount until they are all paid off.

5) When they are all paid off, you will have this extra amount of cash you were paying bills on to save for other goals!

You’ll be amazed at how quickly this gets things paid off!

Now to the rest of your money goals!

Using your “dream life” description that we asked you to do in the beginning of this workshop, make a list of the things you listed  first, that don’t cost ANY MONEY! The most important things in life are things that money can’t buy!

Next, make a list of those things that take money and after each thing answer the question, “Why?”. Why do you want this item?

Here’s an example of how this worked for me.. When I did this exercise I wrote down that I wanted to take my family to Disney World. When I asked myself “why?”, the answer was that I wanted to make family memories. At the time I didn’t have the money to take the whole family to Disney World but I came up with a solution so I could meet my goal of making family memories. We made plans for a long weekend up North for the current year and then started saving for our BIG dream vacation of Disney World and we did finally get there. In the meantime, we reached our goal of making memories by taking trips to different places every year. We were meeting our goal every year of making memories until we finally reached our dream of going to Disney World. The funny thing is we enjoyed each vacation so much we weren’t even MISSING not going to Disney World!

And YOU can find ways to meet your “why” goals also!

Here are your assignments for this week’s financial goals:

1) Write down TWO MONEY GOALS for yourself. We’re only having you list two because you’re working on other goals in your life as well. So these need not be everything you hope to accomplish in your life with your finances… just two things you’d like to save money for.

2) After you have set your goals, make up a timeline as to when you would like to reach your goal.

3) Then set a plan in place as to how you’re going to reach your goal.

We’d love to hear the results in the future of your goal setting , if you’d like to share with us!


As a  thank you for subscribing ,we have put together an e-Book that you can download for free! It is done and ready to go. We are just getting the details as to how we can get it to you in the easiest form. So be watching for the details! And thanks for joining us!



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