Friday, July 17, 2009

Penny for your Thoughts: Envisioning Wealth

How you think of yourself and your future plays a large part in your reality.  If you think you'll always be broke and living hand to mouth there's a good chance that you'll be right.  If you see yourself achieving your goals and building a nest egg then you increase your chances of making that a reality.

The Importance of Specificity 
You must be as specific as possible in imagining your future if you want to increase your chances of making it happen.  If you think you want to be famous with a mansion and a luxury car someday there's nothing specific to grab onto there.  Instead, by envisioning that you desire to be a famous mystery novel author with a mansion on Cape Cod driving a Rolls Royce by 2012 you're far more likely to reach your goals.



Sometimes we have a fear of asking for what we want because it feels outlandish or foolish but you must overcome your fears to prevail.  A fantastic tool to help you get there is a book called "Write it Down Make it Happen" by Henriette Anne Klauser.  This book features several excercises to get you to think about your goals and manifest them through writing.  From stream of consciousness short stories to fictional letters, Klauser outlines several approaches to help you help yourself in achieving your goals.  


When it comes to your finances if it all seems overwhelming, start with smaller, more manageable tasks.   Not ready to tackle retirement planning?  Start a savings plan  through direct deposit.  Even something small like switching from purchasing with a debit card to a cash back rewards credit card can make an impact. 

"If you don't know where you're going, you'll end up someplace else," once said Yogi Berra.  Knowing where you want to end up increases your chances of getting there exponentially.

What do you envision for your future?  Tell is in the comments.


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