3 Steps To Dramatically Change Your Finances Through Focus

finances focus

I’m not exactly rich right now. Two years ago, I’d finished paying off old debts and made a conscious decision to live and to pursue my passions. What followed were a few major expenses. I got my teeth fixed (around 3,000 EUR) and enrolled in business courses (2,700 EUR). I finally got into traditional archery and swordfighting (for which I bought equipment far exceeding 1,000 EUR).
 

Add to that the fact that I took a substantial cut in salary when I downsized my life, plus a few unforeseen expenses, and you have a fairly skint Sibylle who once again owes some money. Yet when I think back to the time I went broke in 2004, I realise it couldn’t be more different this time around.
 

For one thing, I owed a lot more back then. But the main difference is that I had no idea about finances and no idea how to deal with the mess. I was scared and helpless. Now, while my finances are a little strained, I still know exactly what’s going on. I went into this knowingly and don’t regret a single expense, because they were all necessary for my well-being and/or happiness. Most of all, I know without a shadow of a doubt, how and when I’ll have every last penny paid back and a comfortable financial “cushion” once again.
 

In short, I’m now educated about finances. I’ve also developed something which enhances everything in life, including finances: focus.
 
 

Sign up to receive the free Checklist Stop procrastinating and start doing what lights you up in 3 simple steps you can do TODAY, as well as weekly Coaching magic, exclusive offers, and insider news:
 






Wild Spirits News


You’ll receive a weekly newsletter every Monday. You can unsubscribe at any time. I’ll never share your data with anyone.


 

Finances revolutionised

 

To learn about finances, I spent years going to workshops around the world and doing every program offered online. I read dozens of books on money management and found through trial and error, which of the systems I learned made sense. Therefore, I regularly write about money in the newsletter, and I hope with all my heart that it’s helpful.
 

The most important thing about finances is to tackle them on two fronts: Money management, which is about knowing where your money goes and how to budget it, is step 1. Step 2 is a mindset which is as free as possible from learned ideas about money being scarce, or only coming to bad, greedy people, and all these other things we pick up from childhood onwards.
 
 

Where is your focus?

 

You’ve probably heard about the law of attraction, which states that you manifest in your life whatever you focus on. Focus is what occupies your mind most of the time. Now with an average of 6,000 thoughts that each of us has every day, it’s practically impossible to police this process. Fortunately, there’s a shortcut: Your emotions, which are caused by your thoughts.
 

Ever felt pretty good, and then you remembered something awful someone said to you, or your child being bullied, and after a minute or two you feel awful? Nothing outward happened, you just thought of something negative, and it changed everything.
 

To find out where your focus is, check in with your emotions. Set 3-4 alarms on your phone throughout the day. Whenever you hear the alarm, ask yourself how you feel. If the answer is anything other than: “Wonderful!” at least half the time, your focus is not on things that make you happy.
 

If you consciously adjust your thoughts 3-4 times a day, you will form a habit over time. Think thoughts of gratitude, or think of someone you love. It takes a while, so stick with it for at least a month or two! The change will be dramatic.
 
 

Make it work for your finances

 

Here’s how you can use the above process in relation to your money situation.
 

1. When you “check” in, specifically ask yourself how you feel about your finances. If you feel awful, or even just uncomfortable, your focus is likely on bills, expenses, or debts. Adjust this towards thinking of the money you receive, however little it is.
 

2. Create a “giving” fund of ideally about 5% of your income. If you can’t afford it, start with 10 or 20 bucks a month. Donate these to a cause close to your heart. Whenever you do this, send along your love.
 

3. Also check in with how you feel whenever you spend money. If you feel anxious or worried, stop yourself. Say: “I happily give xxx EUR/$ for this” or, as Marie Forleo suggests: “There’s more where that came from.”
 

These may seem like small steps, but they will turn around your focus. You’ll move away from scarcity and regret, and towards abundance and security. Your cash flow will follow.

Monday Sparkles: Which Money Type Are You?

Money Coach Sibylle

Some would have us believe that we are purely rational beings, but that’s quite simply not true. If we were, we’d all eat healthy, get enough sleep, and be rich and happy! Money seems to be an area where we are particularly irrational, although most of us are completely unaware of this and think their way of dealing with money is universal. This belief is at the root of many a marital row!

There are many different systems of “money mindsets” or personalities, with as many as 8 or 10 distinct personalities identified in each. Personally, I’m always in favour of simpler, clearer systems, so here’s what I’ve found in my studies and my work with clients. I’m outlining them below; you’ll probably recognise yourself in at least one of them, as many people are blends between at least two types.
Sign up to receive the full Monday Sparkles with exclusive offers, free gifts, and insider news:

 

Saver

If you are a saver, you like to hoard your money. The thought of the proverbial Rainy Day keeps you from taking financial risks. Investing in yourself or taking out a loan to finance something you really want, or an education or course (or Coaching), seems reckless and frivolous to you.

The advantage of being a saver is that you’re unlikely to ever get into financial trouble. The downside is that you may deny yourself and those around you the joy of adventure and risk-taking.

In order to challenge yourself to become more daring, make a finance plan allocating percentages of your monthly income to things like fun and personal development, as well as gifts for others. Commit to spending that money every month (or the accumulated amounts every three months or so). Money makes you safe, yes, but it can also provide the means for you to grow and evolve, and enjoy life.

 

Spender

Money never stays with you for long. As soon as you come into any amount of money, you find ways to spend it. No matter how much money you make, you never have anything left in your account at the end of each month.

This money type knows how to enjoy themselves. They are generous and love treating others as well as themselves. However, larger financial goals which require saving up, tend to elude them, and if anything untoward happens, they are woefully unprepared and may find themselves penniless.

Perhaps you’re saying that you only buy what’s necessary, but that’s not really true, is it? Most spenders tend to “leak money” as I call it, by buying impulsively. You’ll think you can’t afford going after your passion(s) or sign up for that course (or for Coaching), but the harsh truth is: As long as you have money for a TV license, for buying clothes or for any number of subscriptions from Netflix to the gym, you actually have money. It’s just a matter of allocating it differently.

Like the Saver, you need to make a budget and stick to it. Be sure to allocate plenty of cash to fun, so you’ll actually stick to it, but also include saving.

 

Avoider

This is the type who will tell you that money isn’t important. They dislike dealing with money, never so much as glance at their bank statements, and leave bills unopened for weeks. Spending isn’t a problem for them, until they find to their surprise that they’ve exhausted their bank account including the overdraft because they had no idea how much they had in the first place.

Avoiders are free of worries and easy-going when it comes to money. Sooner or later, though, they will run into trouble because flying blind only works as long as there are no obstacles.

In order to come to grips with being an Avoider, you will have to force yourself to actually deal with your finances. Set a date every month to review your finances, or if you’re in a relationship, involve your partner so you can hold each other accountable. Then, make a monthly budget and stick to it. This isn’t stuffy and unadventurous, it’s the key to the adventures you most want in life, as you’ll be able to actually afford them when the opportunity comes along.
Money habits are hard to change, as they are very deeply rooted in our personalities and our perception of ourselves. It’s worth doing the work, though, as it will put you in control of your life like no other change of habits will. Get your finances sorted (if you want to turn around your situation fast and with dramatic results, contact me about money Coaching), and then do exactly what you want in life! If you start today, you won’t know yourself a year from now.

Monday Sparkles: Breaking Free

Some weeks ago, I wrote about what it means to be financially free. My motivation for this came from the new Coaching program I’m working on, “Wild and (Financially) Free“, which focuses on getting enough money for our passion(s) – to pay for any expenses and to create the necessary space and time in our lives.

Money can translate into freedom in very real terms, but it’s not the only aspect, and that’s how I had the idea to this article today. I’m going to explore different paths to your personal freedom, and I’m also making a strong case against anyone else trying to tell you what your freedom should look like.

This includes freedom without any money. It may seem counter-intuitive for me to talk about this, as a Coach who helps people achieve better cash flow, but it’s actually very much in line with what Coaching is all about: Empowering the client to achieve their dreams, instead of simply teaching them to reach the same dreams the Coach is pursuing.

 

The meaning of freedom

If you ask ten different people what freedom actually is, you’ll probably get at least eight different answers. There are so many ways to be free. Before I delve into definitions, I’d like to state the rather sobering fact that nobody actually is completely free. We all live in the context of society, our loved ones, or at the very least we are restrained by the living conditions of our planet and our basic physical needs. Freedom as an absolute doesn’t exist, and that’s where the contradictory definitions come from – they are all equally subjective, and so they reflect what’s important to an individual, rather than a universal truth.

Having said that, here are some ways to look at freedom:

Financial freedom. If you remember that article a while ago, being financially free means to be able to live comfortably off the interest of one’s financial assets without having to touch the invested capital. I’m starting out with this one because it’s the only term on this list which actually has a clear, verifiable definition, but there are still a few subjective aspects to this one as well.

To be financially free of course means that you can do what you wish with your days, and that is definitely freedom. if you are, however, stuck in a scarcity mindset and feel the need to constantly increase your wealth to still feel secure, you aren’t free at all. Even for the extremely wealthy, mindset determines the fulfillment they feel around their money.

Freedom from finances. Now this one is probably not going to be relevant for you, as you are fairly certainly using a computer or other electronic device to read this, and that implies you live very much “on the grid” and as part of our regular bill-paying, grocery shopping society, like I do. Getting away from all that is a fairly effective way to free yourself, though, and so I thought I’d mention it. I personally know people who either on their own or as part of an eco-village project, are growing their own food and making their own things, at least for the most part. They have become almost or completely independent of money, jobs, and consumerism.

Freedom to live a joyful life. This is the one I’ve chosen for myself. I would love financial freedom but have decided that I don’t want it enough to do the work required. Instead, I have chosen to grow my Coaching business, which is my calling, and to use my financial savvy to make sure that I’ll always have sufficient money for my passions and to have an ecstatically joyful life every single day. It’s a viable choice, either as a temporary stage in life or a permanent solution; I’m honestly not sure which one it’ll be for me.

This approach is all about the freedom to do as I please, within the limits set by earning money and organising my life. It works for me, as I couldn’t do archery or swordfighting or dancing all day anyway, and I love both my daytime job and my Coaching business.

Your own situation is just that, your own. We all come from different backgrounds, face different challenges and enjoy different advantages. What’s important is that you understand that “freedom” is a subjective term and up to your own interpretation, because frankly, living according to someone else’s idea of freedom defeats the very idea behind being free.

Nothing’s more worth figuring out than your own version of freedom. It’s precisely that which I work on with my clients, and why I chose this particular focus of my Coaching.
​​The above is the lead article in this week’s Monday Sparkles. Join the tribe to receive the full newsletter, exclusive offers and insider info (100% spam free), by filling in the short form below. You will get:

  • A weekly newsletter with free Coaching magic every Monday
  • Special offers exclusive to subscribers
  • Insider “behind the scenes” info about Wild Spirits Coaching
  • A free worksheet and the valuable “One-Year Goals Workbook”