Tag Archives: money

Surviving When Your Business is Low

A reduction in your income may impact many things, including how you perceive yourself, whether you are conscious of it or not. If you have prided yourself on financial success, your ability to feel good about yourself may be impacted as you battle a tough economy.

How to manage this challenge:

1. Remember that a successful life is not all about the money. Look for other non-monetary ways to define success.

  • Are you helping people?

  • Are you growing as an individual?

  • What are you contributing to your community or to the world that does not involve money?

2. Look back on your life to periods when you weren’t making as much money as you are now. Believe that you have the capability to increase your income level once again.

  • Is this an opportunity to start something new that could lead you to a better place?

www.innerarchitect.com

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Job Layoffs and their Hidden Benefits

Being in between jobs doesn’t have to be experienced like the kiss of death. I know that it is natural to feel very vulnerable, yet that is what being in transition is all about. It’s the very point that you are temporarily unattached to a job that provides you with a rare freedom to ask yourself what you really want from your next adventure.

Key questions to ask yourself in between jobs:

1. How soon do I really have to land a job?

Can you afford some time to step back and evaluate what you really want from your career while you have the freedom and time to prepare yourself for it? Sure, it’s no fun watching your life savings take a downward climb, but is your time here really about the money?

Are you at a point in your life where you can afford to spend some time being selective about your next step or preparing yourself for a new path? Think of your career choices now as investments in your quality of life.

2: Would the jobs you are now searching for be top choices if you were just starting out?

You spend a majority of your waking hours at your job. Consider it like you would a romantic relationship. Are you willing to settle for second best just to be committed?

3: Is it possible to support yourself financially doing what you love?

Make a list of all the different ways you can generate income by doing what you love. Your financial support does not have to come from one income stream. Maybe one single role can’t generate enough money, but adding other roles that express your passions might make the necessary difference.

4. Are credentials getting in your way of going for jobs you really want?

Ask yourself if you are truly lacking what is necessary, or if credentials are a convenient excuse to protect you from risk or rejection. Research the kinds of credentials that others doing similar work have. If you don’t have what it takes, identify sources that can provide the appropriate credentials. Don’t make assumptions without checking the facts about the true requirements to do the work.

www.innerarchitect.com

The Decision Crisis: Follow Your Interests And Passions

Everyone faces decisions and in many cases we fall into a decision crisis: a place where we are unable to make an important decision. In some cases these crisis can last a lifetime. The effects are often detrimental.

A good example of an area where decisions can be life changing is your career path.

What about the decision crisis that faces every student? Your decision making process for identifying the right career path is more important than many decisions you will have to make. Unfortunately this process often begins in the middle rather than the beginning. Simply put, many students and parents look at job markets, financial compensation, and job availability as the deciding factors on a career (major) path.

The First Step in the Decision Making Process

Before you consult the traditional counselors, career and interest surveys, and company representatives recruiting on campus consider the following:

1. Awareness: You will graduate to the workforce via corporate America or as an entrepreneur with a work life history that will span on average 40+ years.

2. Interest: The career path you pursue should be one that holds your interest. It is imperative that you identify all your interests. Make a detailed list of the things, activities, and rituals you enjoy. This should help to heighten your awareness about what direction to take.

3. Passion: After identifying your interests, which ones are your passions? Which activity, subject, or ritual do you just love? Make a list of these “special” interests and consider them your detailed list moving forward.

Discovering the correct career path (major) should start with the awareness that you will be spending the majority of your waking hours working. With this awareness you can then understand how important it is to find a career that you have interest and passion for in abundance.

This example can be applied to most any important decision facing individuals today. Remember to recognize your interest and passion in the decision you are about to make.

A “License To Print Money”: Misconceptions About Money And How To Change Your Beliefs

“Instead of thinking that you need money, realize that money needs YOU. Money is just so much wasted energy without work to do. Your ideas provide the outlet for it, the means by which money can do things. Develop your ideas, secure in the knowledge that money is always looking for such an outlet. When the ideas are perfected, money will gravitate your way without conscious effort on your part, if only you don’t dam up the channels with doubts and fears. . . . Realize that it is not money you have to seek, but a way to use money for the world’s advantage. Find the need!” — Robert Collier

“Money doesn’t grow on trees” –A Well Meaning Mother

One of the most common misconceptions about money is that there is a limited supply of money available to each person during their lifetime.

This misconception often leads people to make decisions based in fear and not fact. The idea that there is a limit to the supply of money is completely false.

There is a limitless supply of money available to everyone–that is a fact. If people are aware of this fact, if they understand that they can change their own erroneous beliefs about money, and if each individual invests time to create a vision and intended plan of action then the misconception about money’s limited supply becomes obsolete.

The next time you believe you are “a day late and a dollar short”
The next time you think “money doesn’t grow on trees”
Or you think that “a fool and his money are soon parted”
Take heart because with a limitless supply of money available we all “have a license to print money.”

3 Common Erroneous Views of Money: How They Fuel Your Fear of Change

The fear of letting go of The Paycheck is the #1 reason why people stay stuck in jobs that no longer fit. Part of this fear has to do with 3 erroneous views surrounding your understanding of money. In order to make significant and life improving change, you must be aware how your views of money negatively effect your ability to change your life.

Erroneous View #1:

Your access to money is directly and solely tied to your job; if you quit your job, you completely cut off your ability to access money

How do you change this view to support the career change you want to make?

Watch Susan’s video as she answers this question with one of the truths about money:

Change Your Life Now: Let Go of The Paycheck And Your Fear?

According to WebMd’s article “Fear and Phobias: The Top 10 Plus One”, American’s fears run the gamut from spiders to confined spaces to death.

Forbes claims that “50% of Americans dislike or hate their jobs” yet the fear of letting go of a paycheck and leaving the cause of such pain seems impossible to most people–until now.

Becoming an inner architect, Susan Hanshaw’s video series, launched one of the most important segments to date: How Do You Let Go of The Paycheck and Lose The Fear? In this multi part segment, Susan asks the question etched on nearly everyone’s mind:

How Do I let Go of My Paycheck and Lose The Fear?

Before you can understand how to take action to eliminate your fear of money-fear of losing the paycheck you must first realize:

You haven’t been shown that there is another way of looking at money

The next 3 videos in our series will show you three erroneous views of money and how you can change those views to release your fears.