Money Management Technique Part 2

In Part 1, we have calculated your Net Worth and your Cash Surplus.

For those who have cash surplus, give yourself a pat on your back. Good job! Now, you need to maximise the use of that surplus.

For those who have a negative number for your cash surplus, congratulations! You have found the effect of your actions and now that we have identified the impact, we know how to deal with root cause this issue.

To get to all of the root cause, we need to ask you to do this :-

• List 10 things you want to do when you are financially free

This may seem easy, now, for each of the 10 things you want to do :-

• Write down the 4 reasons why you want it

For those you can't think of 4 reasons, it's probably not something you really want. Then strike it off your want-list.

Now, with that list that you have finalise, hold it up, go through each and every single one of them, then :-

• Visualize how you feel when you have achieved them

I want you to write down your feeling which you experience on 10 pieces of paper.

Done?

Good.

OK. I know you have all these questions racing through your head. Why 4 reasons? Actually, the more reasons you have, the better but in my professional opinion, you need at least 4 reasons. Look at a table, a chair, they all have 4 legs. Likewise, a building has at least 4 pillars to support it.

That's right, support is the key. For every thing that you want in life, you need to have enough support. This support will help you through all that hard you need to put yourself through to have it, to make it work for you. This is the support which I call "Burning Desire".

The more reasons you have, the hotter the brighter your burning desire will be. All the more you will work hard towards that goal.

Those 10 things that you want to do when you are financially free are your GOALS, your BURNING DESIRE.

Those 4 reasons are wood that feeds your burning desire.

That visualization is that feeling that will help fan your fire of your burning desire.

NOW.

I want you to write your GOALS on 10 peieces of paper. Then stick these pieces of paper all over the house in places which you most often visit. Your vanity mirror, your fridge, anywhere! Then read this list to yourself every time you see it. We call this process AFFIRMATION.

Now stick that feeling you have next to that piece of paper penning your goals.

So wherever you go, you will see your goals and next to it is the feeling you will have once you have achieved your goals.

If you have pictures of that dream house you want, that car you want to get, that high-tech sound system, stick it there too! This will help in your affirmation process and also aid in your visualization in attaining those goals!

Now, let's see what actions are to be taken to attain your goals!