…Mey here and my husband gave me 10 minutes to blog and do all our of internet marketing so today’s topic is Are You Emotional About Money?
…do you make spending decisions based on your feelings?
…when you are depressed do you go shopping to cheer yourself up?
…do you spend when you’re angry…excited?
…do emotions run your money?
…who is actually in control?
…well, if you spend emotionally then you are like most people…
…spend because you feel like it and use logic to rationalize it later…
…do you know the biggest barrier for most people to obtaining their financial freedom is just spending?
…if we saved instead of spent so much money, we would all be free in probably 5 years (I’m serious)…
The Solution To Emotional Spending
…this isn’t the easiest solution…
…most people won’t change their emotional spending until they owe more than they can handle…
…I’m an example of that myself…
…here’s the best advice that was given to me…
…wait until the next day to make a purchase decision…
…if you feel like buying something now, wait and buy it tomorrow…
…trust me, it will still be there…
…I don’t care if you see timers and buzzers and your heart is pounding…
…just sleep on it and see if you still want it in the morning…
…finally, meditation works as well…
…take a time out, and meditate on your buying decision…
…does it make sense for you?
…is it going to make you richer or poorer…
…if you didn’t buy it, would you be ok…
…what does your intuition tell you?
Conclusion
…hey, I’m not afraid to admit that emotional spending used to be one of my biggest problems…
…the years I took climbing out of debt has taught me the strength to control my spending decisions so that they make me wealthier…
…want to test yourself, CLICK HERE watch the video with the timer, and see what you will do…
…if you sleep on it, and think to yourself, yes, I do want to start blogging like Mey and make money online, then I want you to get started…
…if you sleep on it and realize that you don’t really want to blog, then don’t…
…have a great night!
Money can be emotional but it doesn’t have to be. Don’t know how many times Robert Kiyosaki has mentioned several times about having discipline when it comes to money. Great post Mey.
It’s easier said than done Andre. Thanks for the comment, I appreciate you =)
ive done this where i was emotional about money. i still catch myself from time to time. thanks for this reminder mey
You’re welcome Sheena, thanks for visiting my blog today!
Excellent advice, Mey! Yes, I have been guilty of emotional spending. And guess where it lead my husband and me in 2003? Yep, bankruptcy court! That is not something I would wish on my enemies (if I had any enemies). 🙂
I now wait to make any major purchases or I save up for it and pay for it in cash. Oftentimes, by the time I have enough money saved up, I no longer need the item!
Thanks for this blog post. It has touched me personally.
Thanks for the comment and your personal story Susan. I find it interesting that you save for what you want to buy and then realize oftentimes that you don’t need it! That’s quite a lesson.