Tag Archive for The Secret

Change, The Power Of Self Development, And This Week’s CHI FOR YOURSELF

Corrine Zupko picture of changeThis week’s episode of CHI FOR YOURSELF takes a look at fear, anxiety, and A Course In Miracles. We’ll welcome Corinne Zupko. She was challenged by anxiety at an early age.
 
But she found a way to heal from rather than just coping with fear and anxiety. That way included A Course in Miracles
 
 
 
 
Corinne Zupko is the author of  From Anxiety to Love: A Radical New Approach for Letting Go of Fear and Finding Lasting Peace
 
Hear the interview on Thursday, March 22nd at 4 pm Eastern, 1 pm Pacific time at chiforyourself.com
 
____________________________________________
 

ARTICLE:

 
Unlock Your Power Of Self Development
 
Life is about change. Even when we’re not aware of it.
 
An honest look at ourselves can assure that the changes take us in positive directions. But the honesty can be difficult since it requires perspective.
 
If you look at a painting too closely you might not be able to appreciate it. Back up a bit and you get a clearer vision of the whole artwork. You see it in perspective.
 
Life can sneak up on you with hints that might help you unlock your power of self- improvement. But until you’re ready for change you won’t see them. And the ready point may happen when you hit rock bottom.
 
It’s a little like the well-known frog principle. If you try placing a frog in a pot of boiling water, what happens? He jumps right out. Why?
 
Because he is not able to tolerate sudden change in his environment. He knows that water is too hot for him.
 
But put him in cooler water then turn the gas on and he won’t move. The water gets hotter and hotter until it’s boiling. You know how the story ends.
 
Your situation may be like the frog’s. You stay comfortable in a bad situation. You may think that one more cigarette or drink won’t hurt. You find yourself addicted and you can’t stop.
 
Pain teaches us lessons. Pain that is strong enough to make us see that our comfort zone is not so comfortable anymore.
 
We can ignore the warning signals for a long time, but finally, something hits home. 
 
When do we realize that we need to change diets? When none of our jeans and shirts fit us.
 
When do we stop drinking sugary sodas all day? When every visit to the dentist reveals that we need painful work.
 
When do we realize that we need to stop smoking? When we develop a cough that will not go away.
 
When do we pray and ask for help? Sometimes, not until we know we are about to die.
 
It’s not easy to change. But change becomes more painful when we ignore it.
 
Change will happen, like it or not.
 
Happy people accept and embrace change. You don’t have to feel unbearable pain before realizing the need for self-improvement.
 
Self-development may not be everybody’s favorite pastime. But if we look at things from a different point of view, we might have a greater chance of enjoying the whole process.
 
Enjoy the process of unlocking your power of self-development. Then expect a better experience of happiness.
 
JohnK 3-21-2018
 
 
 
Image for overheard for changeOverheard: “Intelligence is the ability to adapt to change.”

            ~Stephen Hawking

 
 
 
 
 
 

A Conscious Approach to Good Leadership

 
Linda Kohanov picture on leadershipThis week I want to finish up our look at leadership. If you didn’t hear the CHI FOR YOURSELF interview with Linda Kohanov ( author of The Five Roles of a Master Herder: A Revolutionary Model for Socially Intelligent Leadership) you can click on here and start the player on the page.
 
 
 
 
Here’s a look at some of the features of a good leader. Could this be you?
 
ARTICLE:
 
Do you get frustrated at work when things don’t seem to be happening the way you think they’re supposed to? You see people milling around but nothing gets accomplished.
 
And in the daily hustle and bustle, do you feel that your goals remain only goals? Then it might be time for you to stand up and do something about it. Most people are content to stand around waiting for orders. It isn’t unusual to adopt a follow-the-leader mentality.
 
But it could be that somewhere inside of you, you feel the desire to make things happen – to be the head, not the tail. Leadership might be a good fit for you. There’s a saying- “great leaders are made, not born.” Yes, it may be true that some people are born with natural talents.
 
But, leadership doesn’t develop without practice, drive, enthusiasm, and experience.
 
And, good leaders continuously work and study to improve their natural skills. This takes a commitment toward constant improvement.
 
First of all, let’s define leadership. To be a leader, one must be able to influence others to work toward a result. He or she contributes to the organization and cohesion of a group.
 
Contrary to what many people believe, leadership isn’t about power. It’s not about harassing people or driving them using fear.
 
It’s about motivating others toward the goals of the organization. It’s getting everyone on the same page and helping them see the big picture.
 
Aim to be a leader, not a boss. You have to get people to follow your lead. How is this accomplished? People follow when they see that the leader has a clear sense of purpose. People will follow you if they see that you know where you’re going.
 
Remember that bumper sticker? The one that says, ‘Don’t follow me, I’m lost too’? The same holds true for leadership.
 
If you yourself don’t know where you’re headed, chances are people will not follow. You must understand the vision and mission of the organization.
 
Have a clear sense of hierarchy. Know who the bosses are. Who to talk to, and the organization’s goals and objectives and how it works. Being a leader is not about what you make others do. It’s about who you are, what you know, and what you do.
 
Studies show that a basis of good leadership is the trust and confidence of those you’re leading. If they trust you they’ll likely go through hell and high water for you and for the organization.
 
Trust and confidence are built on good relationships, trustworthiness, and high ethics. The strength of your relationships will build faith in your capabilities.
 
Communication is key to good leadership. You must be clear when you impart your knowledge and technical expertise. As a good leader, you’ll want to have sound judgment.
 
You must be able to assess situations, weigh the pros and cons of any decision, and actively seek out a solution.
 
It’s this judgment that those you lead will come to rely upon. So, good decision-making is vital to the success of your organization.
 
Leaders are not do-it-all heroes. Don’t claim to know everything, and don’t rely on your skills alone.
 
Recognize and take advantage of the skills and talents of your personnel. This way you’ll be able to work as one cohesive unit. Remember, being a leader takes a good deal of work and time. It is not learned overnight.
 
Remember, also, that it is not about just you. It’s about you and the people around you. So, do you have the drive and the desire to serve required of leaders? Do you have the desire to work cooperatively with other people?
 
Then start now. Take your stand and be the leader today.
 
JohnK 3-14-2018
 
 
 
 
 
 
 

Have You “Herd?”- Animals Can Teach Us Leadership

Linda Kohanov picture on leadershipOur guest (Linda Kohanov) adapts horse-inspired insights into powerful tools for developing collaborative leadership and managing change.

Over thousands of years, Kohanov writes, “master herders” of nomadic herding cultures developed a multi-faceted, socially intelligent form of leadership combining the five roles of Dominant, Leader, Sentinel, Nurturer / Companion, and Predator.

 

Linda Kohanov is the author of  The Five Roles of a Master Herder: A Revolutionary Model for Socially Intelligent Leadership. 

Some talking points from the show:

  • Features of socially intelligent leadership
  • A definition of “master herder”
  • Master herder roles in the working world
  • Human and animal interaction
  • Animals and their work in entertaining humans

Listen to the interview by clicking on below:


 

logo for leadership

 
 …and you can read more about leadership styles here:

 

   ARTICLE:

Why You Might Be Failing At Leadership

By  

   Expert Author Cillin David Hearns          I remember getting my very first leadership opportunity. I was thrilled because this is what I’d been working towards for many years and boy oh boy did I suck!

I thought I understood all I needed to know because, after all, I’d read all the books and gave an awesome interview so why was I floundering so badly?

I couldn’t understand why my team wasn’t jumping on board and hanging onto my every word. It was at this point that I was firmly pressed up against reality and I quickly realized that I didn’t have the skills that I thought I had.

My boss, who seemed quite successful in building a team, told me that the team had to want to follow me and that no title was going to give me that. That’s where his advice ended, not because he was short on giving advice, but because he didn’t understand what made him a good leader and he, through no fault of his own, lacked the skills to grow leaders under him.

It was like being thrown into a pool to learn to swim but no one was there to teach me. Looking back it was largely this experience that led me on the journey to discover what makes great leaders. I was no longer satisfied with the theory alone, I wanted to the tools to grow a team and to be able to lead them to be high performers.

As you’ve often heard me say in the past, the first step is awareness of yourself and, in this instance, awareness of your default leadership style. We all have a default and with every style there are positives and negatives in how they are used and there are also specific times when each style should be ‘consciously’ drawn upon.

More on this later but for now, let’s look at the different core leadership styles.

Debate is common about which leadership style is most effective. The answer, of course,… it all depends. ~ Thomas Kohntopp

Visionary Leadership Style

The Visionary Leader moves people towards a shared dream/vision. This style is particularly effective when a business is adrift-it comes naturally to transformational leaders, those who seek to radically change an organization.

Of all the leadership styles, this style appears to be the most strongly positive. Examples of Visionary Leaders include Martin Luther King, John F. Kennedy, and Barrack Obama.

The key personality traits of these leaders are empathy, self-confidence, and honesty/integrity and they act as a change agent and are big on transparency.

A note of caution: This style can fail when the leader is working with a team of experts or peers who are more experienced than he/she and may be viewed as someone with a grand vision or someone who is misaligned with the existing agenda. It can cause cynicism which can lead to poor performance.

The leader can come across as overbearing and can undermine the spirit of the team.

Coaching Leadership Style

The Coaching Leader connects what a person wants with the organization’s goals. This is a highly positive leadership style. The focus is less so on the “bottom-line” but tends to promote loyalty and a strong culture which, in an indirect way, leads to “bottom-line” results.

The personality traits of this style of leader are emotional self-awareness, empathy, rapport building, and listening. When done well, coaching improves the team member’s capabilities, self-confidence, autonomy, and performance.

This style is the most lacking in leaders. Having a deep conversation with a team member goes beyond the immediate short-term concerns and instead explores a person’s life, including dreams, life goals, and career hopes… this takes time and effort.

A note of caution: When executed poorly the coaching approach can look more like micromanaging or excessive control of the team member. This can impact on the team member’s self-confidence and be detrimental to performance.

Affiliative Leadership Style

The Affiliative Leader creates harmony by connecting people to each other. This leadership style has a positive impact on the environment.

It heightens team harmony, increases morale, improves communication and repairs broken trust in an organization. This leadership style tends to value people and their feelings-putting less emphasis on accomplishing tasks and goals, and more on team member’s emotional needs.

They strive to keep people happy, to create harmony and to build team resonance. But, it should not be used alone.

When coupled with the Visionary Leadership Style it can be a highly potent combination. This style is best used to heal rifts in a team, motivate during stressful times, or strengthen connections.

A note of caution: When using this style alone poor performance can go uncorrected and lead to a culture of mediocrity.

Democratic Leadership Style

The Democratic Leader values people’s input and gets commitment through participation. It has a positive impact on the environment and keeps morale high by spending time one-on-one and in meetings listening to the concerns of team members.

The democratic approach works best when the leader is uncertain about what direction to take and needs ideas from able employees. Even if there is a strong vision, this style works well to surface ideas about how to implement that vision or to generate fresh ideas for executing it.

Please Note: In order for this to be effective, team members have to be well-informed and competent. This approach should not be used in times of crisis and when urgent events demand on-the-spot decisions.

A note of caution: Over-reliance on this style can be exasperating leading to endless meetings to gain consensus, delayed decision making, confusion and lack of direction leading to delays and escalating conflicts.

The next couple of leadership styles, although they have their place, need to be used sparingly and because of the incorrect use of these, they are deemed highly negative… I’m speaking from experience here!

Pace-Setting Leadership Style

The Pace Setting Leader meets challenging and exciting goals. Because this style is frequently poorly executed, it has a highly negative impact on the environment.

When used excessively or in the wrong setting, team members can feel pushed too hard, morale drops and the result is discord. This style works well with a team of highly competent, motivated individuals who need little direction and it makes sense during the entrepreneurial/growth phase of a company.

It can also be effective for short deadlines but continued high pressure can lead to increased anxiety and a drop in performance.

This approach is synonymous with the leader needing to dive into the detail, reluctant to delegate and taking over from others who are not performing (rather trusting they could improve with guidance). The continued high pressure can constrict innovative thinking.

The underlying foundational characteristics of this style include the drive to achieve, a high initiative to seize opportunities, striving to increase their own performance and those of their team.

Leaders who default to this style are motivated, not by external rewards, but by a strong need to meet their own high standards of excellence. Use with caution!

Commanding Leadership Style

The Commanding Leadership Style soothes fears by giving clear direction in an emergency. This is the least effective style in most situations.

This style contaminates the team’s mood and impacts performance, feedback tends to focus on what people did wrong. It is useful, however, in a crisis, to kick-start a turnaround, or with problem employees (when all else fails).

The Commanding Leadership Style undermines the ability to give people the sense that their job fits into a grand, shared mission. This leads to people feeling less committed (even alienated) from their jobs and thinking, “Why does any of this matter?”

It comes from the old military command and control hierarchies used in the twentieth century… interestingly enough, this style is now even cross-pollinated with other styles in the modern military. Again, use with caution!

As you can see, each style has it’s uses and can be effective when applied at the right times. Each style also has its drawbacks and it’s useful to be aware of these too.

Earlier I mentioned that ‘each style should be consciously drawn on’ and by this, I mean that in order to be an effective leader you have to rely more on a range of leadership styles and apply them intelligently rather than just having your default style.

If I was to ask a project manager why they included a section on Risk Management in their project management plan I expect them to be able to tell me. In the same manner, if I was to ask you why you choose to behave one way under certain conditions and another under other conditions I would expect you to be able to articulate the leadership style you are consciously applying and why.

Don’t leave your leadership development to chance. Consciously take control of it and become the best leader you can be!

I wish I knew about the importance of flexing my leadership style back then, it would’ve made a world of a difference.

Knowing what you know now: What’s your default leadership style? What are the challenges you face with your team and what style would be most appropriate in this situation?

Knowing what you know now: You don’t have to have a title to lead. How can you apply these styles in what you do? What styles do you recognize in your peers and leaders in your organization and what impact do they have on their teams?

If you’d like to know more about how you can embed this powerful principle into your life, or if you’d like to learn a little more about what coaching can offer you, please contact us at any time for a free consultation:

e: results@setantaconsulting.com

m: +64 (0) 21 592 445

Skype: SetantaCoach

http://www.setantaconsulting.com

Article Source: http://EzineArticles.com/expert/Cillin_David_Hearns/1376757

Article Source: http://EzineArticles.com/9099238

 

 

JohnK 3-7-2018

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5 Fitness Tips For Busy Professionals

 
 
Your work can be bad for your health. You might sit at a desk for eight hours. Or look at a computer screen all day. Or spend your day on your feet, running around an emergency room treating patients.
 
Your risks include repetitive strain injury, stiff joints, eye strain, and back pain. One of the biggest risks is weight gain, especially for busy professionals.
 
Even being on your feet during the workday poses problems. You might turn to sugary foods to keep going, adding to the risk of weight gain.
 
man doing fitness
 
There is good news, though. Here are five fitness tips for the busy professionals among us.
 
1. Sleep Well
It’s one of the best things you can do for your health. Sleep improves your focus and performance.
 
And, it means you’ll more likely make the right dietary decisions.
 
Choosing the right foods gives you fuel to do your workout. It improves your mood. And it can even boost your sex life.
 
2. Plan Well
If you want to maintain your fitness you’ll want to plan ahead. One of the biggest downfalls of any lifestyle is the inability to maintain it.
 
So, if you know you’re prone to grabbing junk at lunch, make sure you prepare your lunch the night before. Do the same with your breakfast and dinner.
 
If you often forget to grab your gym bag, leave it at the door or somewhere you will see it for when you need it. The magic number when it comes to moderate exercise is 150 minutes – it is easier to achieve than you think.
 
3. Switch Up Your Commute
Provided you live fairly close to your workplace – you can leave the car at home and hop on a bike or just walk. Not only will it save you money, it also helps protect the environment.
 
Look at you, thinking of others and improving your health!
 
4. Lunch Break Movement
If possible, consider going for a walk on your lunch break – the fresh air will do you good.
 
You can walk to a park to eat lunch. Or walk to a healthy eatery where you know there’s time for you to dine well and get your steps in.
 
It will also provide you with an energy boost, you’ll find your afternoon at work goes in quicker, too.
 
5. Travel Well
If travel is a regular part of your business, then you know how difficult it can be to exercise and to eat well. The first thing you can do is start keeping a food diary. This way you can track what you’re eating while traveling, as it’s easy to lose track.
 
When it comes to exercise, check ahead to see if your hotel has a gym. If it doesn’t, you can track a path to walk or jog and see if there is a gym in the vicinity.
 
Even in a hectic atmosphere, there are plenty of ways you can find time for fitness. You can skip the elevator and always choose the stairs.
 
To save time, try to find a gym that’s on your way home from work – you can slip in a few nights a week for a quick workout.
 
You may be surprised at how many calories you burn doing the housework.
 
Start your day with a short yoga session. Eat a healthy breakfast.
 
Tackle the day with the energy and vigor it deserves.
 
JohnK 2-26-2018
 
 
stick figure of man on fitnessOverheard:   “The difference between someone who is in shape, and someone who is not in shape, is the individual who is in shape works out even when they do not want to.”
                ~ Unknown
 
 
 
 
 

Horse Sense For a Complex World: Linda Kohanov on CHI FOR YOURSELF

On the next CHI FOR YOURSELF, we’ll hear about a new approach to the changing role of leadership.

Linda Kohanov leadershipLinda Kohanov adapts horse-inspired insights into powerful tools for developing collaborative leadership and managing change.

Linda Kohanov is the author of The Five Roles of a Master Herder: A Revolutionary Model for Socially Intelligent Leadership.

Join us on Thursday, February 22nd, at 1 pm Pacific, 4 PM Eastern time at chiforyourself.com

 

 

JohnK 2-19-2018

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Mass Shootings, Boys, and Feeling The Feelings

It’s been a tough week in the U.S. with another school shooting capturing the country’s  attention. CHI FOR YOURSELF usually doesn’t discuss these types of events. Certainly not from a political perspective or one that whips the populace into a frenzy. 

 

Boy shows feelingsBut it’s worth noting that these shootings tend to have one thing in common. They’re committed by males. Young males. The nation asks “why?”

 

 

 

 

Today we look back to a 2013 CHI FOR YOURSELF episode with guest Cynthia Gill. She told us about ways in which boys are educated, conditioned, and often left with feelings of hopelessness.

 

Picture of Cynthia Gill
 

Cynthia Gill is the author of Jump-Starting Boys: Help Your Reluctant Learner Find Success in School and Life.  Hear the show by clicking on below–
 

 


 
Show logo shows feelings

 

(Article)

Down But Not Out: Feel the Feelings and Keep Going

 

The other day I was reminded of the waves of emotions that can roll through our lives unannounced. These can range from down days to the darker depression-like moods.

I dealt with those heavy feelings earlier in my life. I referred to those as “situational” since there were some troubling issues that had to be faced.

When I ran a search on the definition of emotions I found: A natural instinctive state of mind deriving from one’s circumstances, mood, or relationships with others.

Definition 2 read: Any of the particular feelings that characterize such a state of mind, such as joy, anger, love, hate, horror, etc. The key word in the first example is ‘natural’.

Your first reaction might be to turn your feelings away. You might push the feelings down, put them on hold until later, or use distractions to get your mind off of things.

You can deny them or indulge in them (often called wallowing). And there’s a cliche to match every situation- ‘I don’t have time to think about that now’, ‘It’s always something’, or ‘I’ll take care of it later.’

But what you’re feeling is neither positive nor negative. It’s all part of being human.

If your choice is not to experience intense feelings they could become embedded in your physical body. When they set up shop deep inside you they can have an effect on the way you look at the world.

The worst case scenario is that they can be so troubling as to cause illness. This is a good time to monitor your thinking, too.

One of the greatest figures in the Human Development field is Louise Hay. She put it this way, “The thoughts we choose to think are the tools we use to paint the canvas of our lives.”

You can bring out the feelings, front and center, to experience them in a safe and enriching way. When I feel the need to do this I pretty much drop whatever was planned for the day, if possible, and get to the feeling place.

You may have a more demanding schedule, so how about a date- with yourself? Pick a safe, secure, and comfortable place along with a time when you can be alone.

Start by remembering the circumstances that touched off the emotions you’ve been putting off. When you’ve stirred up the emotions let yourself FEEL them. Don’t block them.

Cry if you feel like it. Let any thoughts that come up come through.

And be gentle with yourself. This is not a good place to judge what’s happening.

Recognizing your emotions instead of pushing them away helps you to stay emotionally healthy and goes a long way toward truly conscious living.

 

JohnK 2-16-2018

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Image for overheard for feelingsOverheard: Thoughts are the shadows of our feelings – always darker, emptier and simpler.”

                       ~ Friedrich Nietzsche 

 

 

 

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Breakup Rehab: This Week on CHI FOR YOURSELF

 

How do you regain confidence and optimism about love following a breakup?

After her own relationship ended, Rebekah Freedom McClaskey developed and practiced a series of small, step-by-step actions that ultimately helped her heal her heart and live in harmony with her destiny.

Hear author and counselor Rebekah Freedom McClaskey on our next CHI FOR YOURSELF. Thursday, October 12th at 1 pm Pacific time, 4 pm on the East Coast at chiforyourself.com

Rebekah McCluskey on breakups

 

Rebekah Freedom McClaskey is the author of Breakup Rehab: Creating the Love You Want.

 

JohnK 10-9-2017

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Why It’s Good To Keep A Household Budget

budget dollars

You work hard to earn a living. So it’s best to make wise decisions when you spend that money. That’s where a household budget comes in.

A budget has obvious advantages. Like seeing at a glance what we have coming in, what’s going out (and what that money is paying for). You also get an idea if there’s anything left at the end of the month to put into savings.

 

Before we dive into exactly what a budget can do for us, let’s consider a few points. What will happen if we’re not tracking income and expenses?

You may end up spending more than you’re making in a given month (or two, or three). Over time that can put you into some pretty hot financial water. You may also spend a lot more than you’d like to believe on things like eating out, going to the movies or new clothes.

Having a budget gives you more control over your true spending wishes. That could be dinner and a movie, or not. Wouldn’t it be nice to have an actual choice?

A Budget Tracks Where Your Money Is Going

A budget’s only job is to track your money. You record where the money comes from each month (your income) and then write out everything you spend it on.

Start with your regular monthly bills. These include your mortgage or rent, utility bills etc.

What’s left is your discretionary income.

A Budget Helps You Spot Wasted Money

Having it all in front of you in black and white helps you identify things you’re wasting your money on.

Budgeting forces you to reconsider if you want to spend well over $200 a month on Cable TV. Or $150 on your large cell phone plan. Or how about that yearly magazine subscription to something you no longer read? Go through your expenses and reevaluate if this is REALLY how you want to spend your paycheck.

A Budget Allows You To Be Proactive About Savings

Saving money without a budget is hard. We go in with the best of intentions at the beginning of the month. But somehow there isn’t anything left at the end of the month.

A budget gives you a chance to be a bit more proactive. Set aside some money for savings at the beginning of the month, even a small amount like $20.

Put it in the budget as a regular expense, much like you do with your other urgent bills. If you need to, open a separate savings account so you’re not tempted to spend it.

A Budget Ensures You’re Not Spending More Than You’re Making

Your budget will keep you on track and help you avoid overspending. And I don’t have to tell you that that’s pretty important for your financial well-being.

JohnK 9-25-2017
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Image for overheard for budgetOverheard: ““While money can’t buy happiness, it certainly lets you choose your own form of misery.” 
                                        ~ Groucho Marx

 

 

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Do You Have A Financial Safety Net? (And How To Build One)

 
Do you have a financial safety net? It’s something worth thinking about and setting up. What will happen to you and your loved ones if you lose your job for a few months?
 
What if you get into an accident that prevents you from earning a living? Or what if some unexpected expenses come up. Do you have anything in place to make sure the bills continue to get paid?
 
If not, now is the time to get started. But where do you actually start?
 
financial help ideas
 
Three to six months’ worth of living expenses saved in an interest-bearing account is a good start. Figure out what your family needs to live on if all income stops. Then start saving as much money as you can until you have built up this safety net.
 
Trim expenses for eating out, going to the movies, buying the newest TV and Tech gadget and the like. Add these to your savings account until you’ve saved enough to have a comfortable cushion. To make this step go even faster, add any bonuses, tax refunds etc. as well.
 
But don’t stop there. Make it a goal to add to your safety cushion as you can and come back and revise your numbers from time to time. Your living expenses may go up or down over time. You can adjust the amount you need and set aside savings in an account where you can get at it with no hassle.
 
Life and disability insurance are another important part of your financial safety net. Do you have a plan in place to continue to cover your living expenses (or those of your family) when you can no longer work? Call your insurance agent and go over your current coverage. Make sure the insurance you’re paying for will pay out what you need and if not, make adjustments.
 
Next, consider investing any further savings into higher interest-bearing accounts. You may not be able to access money invested here right away. But the funds will come in handy when you’re dealing with a long-term financial emergency or are ready to retire. Plenty of investment vehicles have a higher yield than your bank savings account.
 
Talk to your financial adviser, Work out a plan that’s right for you, your family, and whatever the future may hold.
 
JohnK 9-18-2017
 
Image for overheard for financial wisdomOverheard: “All money is a matter of belief.
           ~Adam Smith
 
 
 
 
 

How To Plan For Unexpected Expenses

 
It always seems to happen at the wrong time. The car’s transmission blows just as your daughter gets her braces. Or your washing machine decides to call it quits.
 
These unexpected expenses will pop up throughout life. You want to prepare as well as possible for those times when life throws you a financial curve ball.
 
Do your best to plan ahead for upcoming expenses. If you’re driving an older car, or your dishwasher has seen its better days, start saving up to replace the item. You may also want to start keeping an eye out for good deals on the replacement.
 
budgeting expenses
 
An even better strategy is to have an emergency savings fund. Set up a savings account and add to it monthly. Use it only for completely unexpected expenses.
 
Make sure you know what’s in the account. And once you have to take money out of it replace it as soon as possible.
 
This brings us to an important point. How to make a quick recovery after taking a hit to your wallet.
 
Go over your budget (you have one of those, right?) and see if you can cut back on some things for the time being.
 
Stop ordering pizza every Friday night and make your own at home. Skip a night out on the town and watch a couple of movies on Netflix instead of going to the theater.
 
Use the money you’re not spending over the next few months to refill your emergency fund. For an extra boost, you might work a few hours of overtime. Or do a few freelance projects. You might pick up a short-term part time job to get back on track fast.
 
dollar expenses
 
But what do you do when the expense comes up before you had a chance to set up the emergency fund? Take a deep breath and assess the situation.
 
Can you make do without the item for a little while? At least long enough to scrape together the funds to repair or replace it?
 
If it’s the dishwasher, that’s easy. You can wash dishes by hand for a little while.
 
If it’s the fridge or the car you rely on to get you to work each day, that’s a different story.
 
If it’s your car decide if it would be better to repair than replace. Even if it isn’t the perfect solution, it may get you to work while you save up for the car you want.
 
Shuffle your money around and if there is no other option charge it to the credit card and get to work. Your one and only goal right now is to pay off that expense.
 
Sock away every available penny. Once you pay off your credit cards do what you can to get that emergency fund set up.
 
And be ready for any surprises down the road.
 
JohnK 9-12-2017