JW’s Financial Coaching Podcast Lesson #83-Garbage in, Garbage out

  • I wonder what would happen if the grocery store checkout lanes contained positive material?
  • Today’s lesson inspired by a thought I had while grocery shopping
  • The power of negative thinking
  • How what we are putting into our mind impacts our bottom line
  • Quote of the week

The JW’s Financial Coaching Podcast_83

Today’s lesson is inspired by a thought I had a few weeks ago at the grocery store. No it wasn’t about how much groceries cost or how in the world we’re going to afford groceries when our two boys go through adolescence.  But more along the lines of what would happen at the checkout registers if they had quality material instead of the gossip magazines they sold currently.

That got me to thinking about what else we’re spending time on or putting into our minds that is negative or trivial. Turns out it is a lot of different things. TV, Facebook, Video games, sports, and on and one. Now granted none of these things in itself are necessarily bad. But how much time are spending on these activities? Are they defining who we are and what we do? If we are filling our mind and time thinking about trivial stuff, when do we have time to focus on the important stuff? Are these activities stopping us from starting a business, writing a book or blog, making a career change, or volunteering more?

This impacts our finances because we are what we think about. Or lives are not a grapefruit; we don’t have sections of our lives, like money, family, faith, career, hobbies, physical health, that never interact with each other. Rather it is like a pie that has different sized slices for the things we do and care about, but they touch one another and interactive with each slice.

So what do you remember about what you did last week or last month? Was it something positive? Negative? Trivial? Why is it that we remember what we remember? We probably remember what we did the most.

To get positive material in my mind. I’ve been doing several things lately:

However I still have a long way to go. I need to remember to put myself out there to create more relationships that I can network with. In addition I also need to create more long term goals for this blog and podcast.

The financial lesson from today’s show is about improving your finances by believing that you can first win with money as well as eliminate the distractions that keeps us from getting to where we want to go. It’s like nurturing ourselves with junk food; it will number our hunger for a little while, but why settle for that when we can eat a nice five course dinner instead?

This lesson’s quote is brought to you by the JW’s Financial Coaching Newsletter and comes to us from Benjamin Franklin:

“An investment in knowledge pays the best interest”

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You can find prior editions of the podcast at the podcast archive page.

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