Watch for Double Talk from Financial Advisors

Today was a busy day for insights...

I read an article written by someone who has reached a level of personal success and is now teaching others how they did it. While there is alot I can say on this topic, I will say this: The disclaimer before the article was pretty generic, not the long convoluted legal ones you see when a financial institution or licensed financial advisors publishes an article. The disclaimer advised people to refer to their personal professional advisors for recommendations.

Unfortunatley the content in the article also made reference to advisors and their personal level of financial success. The reference was that it wasn't wise to take advice from someone who did not share the same wealth you were aspiring to. It implied that professional advise was not worthy of your time if you intended to be wealthy.

However, what about shared values, goals, and the technical expertise of the person making the recommendation. You know, I would still value the professional knowledge of a physician even if they themselves had some health challenges.

This is a huge topic, and one that is extremely important. The bottom line is you must be crystal clear on your values, your goals, your intentions, your understanding, your comfort with each transaction and decision. You must have a complete strategy, exit plan, decision making criteria, and more so you can make your own decisons confident that you are in control. You don't have to become an expert, but you do have to remember that just because something was right for someone else, does not automatically make it right for you. It also doesn't mean that it wouldn't be right for you too.

For some more reading on working with advisors you can read the article called 'accepting financial advice' soon to be found at http://www.moneyminding.com/articles_moneyminding.htm

(Sorry, the one listed there today is called 'financial advisor or scam artist')

In the article today the red flag was the disclaimer, completely out of synch with the tone of the article and the disclaimers on other published works of certified, licensed, professionals. That said, it means proceed with caution, not completely abandon or ignore the information. You need the whole strategy, the supporting foundation, the exit plans, the systems in place to be able to anaylse and implement these creative ideas. Yes, not all professionals will understand or recommend more advanced strategies, but this is more a situation of values and personal comfort than technically right or wrong. Know yourself first, then make sure you understand your advisor(s), and then check out the fproduct or strategy for you own unique situation.

Copyright© 2006 Tracy Piercy. Written Permission is required for reproduction. Thank you.

The Power of Momentum

Hi again,

There are so many things I'd like to share and if I don't do it immediately the momentum of the 'aha' disipates and loses it's excitement.

This weekend I had the opportunity to spend at the lake with some good friends. While the kids swam, my friend and I strategized and brainstormed about each other's businesses. While this alone can become an entire article, the part I'd like to share tonight is a couple insights I had as a result of the discussions with my friend.

First, as you get to know me you will know that what really motivates me is the message. I get frustrated hearing the same information and the same story over and over again. I need to get out there and share with as many people as will listen. There is a better way, there are other solutions and there is no need to repeat the same old patterns of stuggle, uncertainty or complacency. Economically, society needs us all to be financially successful and personally we all want to be economically successful. No one wants to stuggle. Everyone would appreciate the value of more money sooner. So.... let's get out there and make it happen for as many people as possible!!!

Now, why does this get me going? One, because I've lived it, but two, because each year I invest thousands (actually close to $10,000 if you must know) on learning and growing.

What does that mean to you? Everything. And this is the value of good friends who also share similar values and objectives: This investment is what I share with MoneyMinding clients and soon to be members. This ongoing access to a growing and increasingly more valuable resource is a huge value to you and your financial success. How? Because it's everything that motivates me and inspires me and it's my life vision.

So I thank my friend immensely for this insight which leads me to the point about the power of momentum. Sometimes it's not the huge roadblocks or big emotional events that set us off course when we set out to reach a worthwhile goal. Something as simple as a weekend away can have the affect of slowing down and derailing your objectives. If you have ever started an excrcise regime you know what I'm talking about. Or how about a diet or healthy eating program. Well, what happens when you get yourself on a great financial program, then you find yourself away for the weekend where there are all kinds of fun and unique things to spend money on. Or just some extra expenses for entertaining.

It is always much harder to take the first step, than it is to take the 2nd. By the time you get moving you are 90% there. Yet, so many people start and stop their momentum each week by turning everything off for the weekend.

What's the answer? Ahhhh - the point of this message: reading, learning cd's, seminars, church, and a supportive environment will all help to keep your momentum going. Whether we want to admit it or not, it is always much easier to stop and exercise program, eating plan, or financial strategy than it is to get started!!

Over the years I have invested tens of thousands, likely over $100,000 in developing my expertise. As MoneyMinding grows, that investment is only going to increase. My job now is to share it with you so you can benefit and share it with others.

The MoneyMinding booklist is a great resource, and the references as part of the summaries for each month of the Makeover eCourse is even more specific. Everything is strategic - and remember step one is: where you are is where you're supposed to be, so...keep the momentum going - read, and if you're not sure where to start, you can start by reading the information in the eCourse.

Prosperously yours,
Tracy

Copyright© 2006 Tracy Piercy. Written Permission is required for reproduction. Thank you.

MoneyMinding Makeover At a Glance Program FREE for limited time

This fall, we will be celebrating successes from the MoneyMinding Makeover eCourse and launching exclusive and exciting programs for Advisors and Clients. So, for a limited time, the 1.5 hour introduction to the MoneyMinding Makeover eCourse program will be FREE to introduce the new and upcoming MoneyMinding Community.

Find out how you can become a founding member today and what the growth of MoneyMinding means for you and your financial success. There is a limited number of founding member postions and incentives, so as the saying goes: 'CALL TODAY'!!! It absolutely will be worth the hour and a half investment!! GUARANTEED!!

Monday, August 14th from 7-8 pm (PST)live program in Victoria, BC
Monday, August 21st from 4-5 pm (PST)teleclass
Monday, August 28th from 4-5 pm (PST)teleclass

Register for this limited introductory program by sending an email to info@moneyminding.com or calling 250-592-0457 (option 2).

Looking forward to sharing more with you.
Warmly,
Tracy

Want more money? Put cash in your pocket.

How much money do you withdraw from the bank at a time? How much money do you like to carry in your wallet? Do you use cash - or is credit card, debit card or cheques you preferred payment method?

Studies have consistently shown that when you use plastic (even if you pay off your credit cards monthly) you will spend on average of 35% more per month. The reason why is quite simple: We all have spending comfort zones, or are comfortable spending on certain items. For example, many people are comfortable spending up to $20. That means that if you see something for $19.99 you can buy it and not really think too long about the purchase. Likewise, many people are comfortable spending money on items like groceries, meaning that if they are in the grocery store they will just buy what they need and pay the price.

However, what happens when you get comfortable is you also get complacent. This means that you can spend money without being aware of how much and what you're buying. For years, I have been recommending using cash as a way to become more aware of spending habits to assist in planning and developing strategies that work. Many others have also recommended using cash and allocating categories of expenses maybe in an envelope system or something similar.

Well, I had an epiphany today when I was discussing this topic with a client who mentioned they took out $20 the other day and 'poof' it was gone. It occured to me that there was a disconnect between the amount of cash that was withdrawn from the bank and the amount of her income and expenses. However, there was likely a very key relationship between the amount of cash withdrawn and her beliefs about spending and money in general.

When you use cash, there are so many benefits; a key one being the ability to touch and feel the cash and to interact with it. A single $20 bill doesn't adequately reflect the wealth of my client. Yet, a single $20 bill that was spent on a couple small transactions could easily send a message, that there wasn't enough money, that it was 'burning a hole in her pocket', that somehow she wasn't responsible, and many other un-empowering beliefs.

If you fee like cash in burning a hole in your pocket, the answer is to withdraw more - lot's more. If you are used to taking $20 at a time, try $100. If you normally take $100, take $500, etc. If you are worried about losing it ask yourself, why? What would be the consequences of losing that amount of money? How long would it take you to earn it back?

Give yourself the gift of appreciating and interacting with your money. Feel the power of cash. Allocate your change for specific purposes, and enjoy all the abundance cash provides.

Copyright© 2006 Tracy Piercy. Written Permission is required for reproduction. Thank you.

Some Money programs you'll want to invest in

As most MoneyMinding subscribers know, we will be making an infomercial to help deliver the MoneyMinding message. This 28.5 minute program will begin airing late this fall or early 2007. In anticipation we have a terrific opportunity for people to participate in the MoneyMinding Makeover eCourse program prior to the launch.

I am looking to engage a core group of new MoneyMinding participants in the program and personally work with you to get radical results for you in as short a time as physically possible.

To find out more, we will be offering FREE MoneyMinding introductions by teleclass Monday's in August. Monday August 7th 4 - 5 pm Pacific time teleclass; August 14th 7 - 8 pm in Victoria live; August 21 and August 28th 4 - 5 pm Pacific time teleclass.

Registration information will be online shortly or you can call 250-592-0457 or 1-877-764-6444 or email info@moneyminding.com

If you have been considering the program, but are just not sure if it's right for you, here's what you need to know:
- i'ts 100% guaranteed (you don't get results, you get your money back)
- it's self-paced, but delivered online in regular increments to keep you on track and moving forward;
- it's not a test - it's your life;
- it's all action oriented, but not complicated - information supported with exercises and resources;
- you start anywhere you are, at anytime;
- it's different, it's simple, it's not like anything else you've seen!
- it's information and activities for your whole life!!
- you can do this - you can have your dream life!!
- it's a great program (and it's not that easy to blow your own horm sometimes, but sometimes you have to stand up and shout it out - this is an amazing program - great deal - and everyone needs to become part of the program and the MoneyMinding community.

I read an article about rising rents and know that this material needs to be available to people who are able, but just don't know how or are stuck, or afraid to make the first step. You can take the program yourself and introduce others and earn extra money in the process if you become an affiliate. Start with the FREE intro if necessary, but come with a friend. Start now - because.... Christmas will be here sooner than you realize, then we get into the new year and...believe me it's way easier to plan for it now, than in November.

Money and the Right Environment

I have just returned from the ewomenNetwork International conference in Dallas Texas. There were over 2000 women business and professionals attending. At the publishing conference at the beginning of the week I had the opportunity to speak about MoneyMinding and our own personal financial journey as part of a speaker's showcase.

Here's what l learned and how it can apply to you and your financial journey:
1. The right environment can mean the difference between success and struggle.
2. Srround yourself with cheerleaders for you and your cause.
3. It's ok to talk to others about money issues - just be careful who you talk to and what you allow to influence your decisions.
4. That we need to share our trials and our successes with others for their and our benefit.
5. Get out of your comfort zone if you want to experience something different in your life. I have been speaking and training for years - but I have never sung in public before this weekend, yet it was the piece that people remembered (that, and the unusual hats I used to tell the story).
6. You have a choice in all you do to either react, or to respond the situation (travelling home, we were 1.5 hours on the tarmak in 105 degree heat, which meant we missed our connecting flight home, which meant we had to wait 5 hours in the Seattle airport only to arrive in Victoria at 12:30 am with no luggage and very little sleep - but... we made it fun, rather than grumbling about the situation like some of the other people we travelled with).
7. Whatever you do - make it fun and share your journey with others.

Finally, that I need to share more insights and ideas with MoneyMinding subscribers - so... look for more frequent updates on the blog. And, some exercises and more thoughts on these sorts of issues are covered in the MoneyMinding Makeover Program eCourse. You can find out more of course at http://www.moneyminding.com/products_moneyminding.htm

I'm heading to Florida to have the first meeting with the company that will be producing the MoneyMinding Makeover Infomercial so I'm sure there will be much more adventures and opportunities for empowering action insights.


Copyright© 2006 Tracy Piercy. Written Permission is required for reproduction. Thank you.