Mindset & Personal Finance
As of Summer 2013—many consumers are hearing about how they need a shift in their mindset or a mindset change. You will often hear it spoken quite often whether it is in the area of your personal finances or other areas.
But what exactly do those who propose that you change your mindset have in mind that will not only change your mindset—but change your mindset in an effective manner.
Furthermore, what exactly is a change in mindset and how can you benefit as a consumer?
In this discussion you will learn how you can have a mindset shift that you can really benefit from and you will gain real insight on what a mindset change is and how you can utilize that change to benefit not only yourself but your family as well.
Many financial experts inform you of the need to change your mindset to effectively improve your financial future!
Very few inform and show you in a meaningful way—how to change your mindset and use that change to move toward your credit and financial goals more effectively.
The way that you look at your current and future situation defines your current mindset.
But what if you could look at your credit and finances in a different manner and in a manner that provided you the clarity and comfort that you need and desire?
By having a comprehensive understanding of your current and future finances you reduce the stress in your life and frustration and a feeling of hopelessness in regards to your financial future will be reduced—or eliminated!
You must make it a priority to create a monthly budget (cash-flow statement) at a minimum and eventually create a personal income statement and personal balance sheet so that you can get a handle on your current net worth and finances—and put yourself in position to "know what you can do in your future" to increase your current net worth and improve your finances!
That alone will cause a shift in the way that you look at (mindset change) your current credit and finances—however, that alone is not enough!
You must also have a system that allows you to address your credit and finances in a clear and highly beneficial manner!
You must have a system that allows you to know immediately that you can’t allow “Negative information” on your credit report because that would have a major impact on your credit and credit score!
You must have a system that allows you to know that how you “Use your credit” also plays a major factor and you must realize that the “Time length” of accounts in your credit file along with the “Types of credit” that you have available affects your credit and credit score as well!
You must know how “Inquiries” affect your credit and credit score if you have too many of the wrong type!
You must have a system that allows you to address your insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement planning—in a comprehensive—and cohesive manner!
By having the above system you will experience a major shift (in your mind) in how you think about and manage your finances from that day forward—onward.
Be sure to navigate this site in an effective manner so that you can have a “mindset change” that is real and one that you can "really benefit" from.
A mindset change that does not provide you the mental working knowledge that is necessary to apply what you have learned with your mind in your everyday life is really not an effective mindset shift because you still don’t have the tools (inside of your mind) that you need to apply in your daily life to reach the goals and objectives that you desire!
You will be less likely to be taken advantage of financially because you will have the comprehensive foundation that you need—to succeed!