I have been thinking about money issues for many years. It began when I realized I was working a day job that had no career progression. I made minimum wage, sometimes less than that, and it made me wonder if I would be stuck there, unable to increase the money I make.
Financial success is a goal for many people, including myself. I have achieved some success, but I am wishing for more of it. I want to reach a financial flow where I feel secure, comfortable, have free time to do what I want, and peace of mind. During some moments, I’ve felt this way before, but I don’t yet have success maintaining that feeling and those conditions.
Nick Ortner, from The Tapping Solution, mentions many times that the number one worry on the mind of his clients is money. I want to share tips for financial success based on what I’ve learned from Nick Ortner and from my experience. The purpose is to help you relieve some of your worry and perhaps inspire you to take action and be in control of your money.
#1 – Take a Look at Your Financial Situation
It begins by taking a look at your financial situation. You may avoid looking at your situation, but it’s the first step to take before you can begin to improve it. Nick Ortner quotes Louise Hay when he says, “If you want to clean your house, you have to see the dirt.”
I’m guilty of avoiding looking at my financial situation when it’s not in a good condition. But I found out that being able to look at it during tough times is more important than during normal times. I was able to be honest with myself and take some steps that eventually gave me some relief.
Note: If you feel stressed out or very anxious about looking at your money, then try Tapping while saying out what you are worrying about to reduce your stress level. Here is an easy Tapping script:
#2 – Pay Yourself First Before Others
Once you have taken a look at your financial situation, see if you can lift up your confidence by paying yourself first. Paying yourself means allocating a small portion of your monthly income into a savings account before you spend it on any expenses. It may sound small, but the effect of prioritizing yourself and your future before other matters gives you a boost in confidence. This confidence makes you want to take further steps in securing a comfortable financial future.
I follow the advice written in the book, The Richest Man in Babylon. It advises to put aside 10% of your income into savings. I did this during the early years of my first job, and I was able to save some money enough to put into an investment. That investment increased my savings, and I still have it to this day.
If 10 percent is too large for you, then consider a small, even seemingly negligible amount. If you can only spare $10, then save ten dollars. The push in confidence will still happen, and you could become motivated to spare a higher amount next time.
#3 – Pay Your Debt so You Can Invest
The book I mention above advises to use at least 20% of your monthly income to pay off debt (but only after you put aside the 10% first). If you do have outstanding debt, then it must be paid. Having debt in your mind takes up precious mental space. It makes you unable to think and come up with creative ideas that can turn into profitable business ventures.
Margaret Lynch often works with patients who worry about debt. Debt can get out of hand if you don’t take care of it immediately. Therefore, it’s important to pay it off as soon as possible so that you not only become free from it, but you also have peace of mind and mental energy to pursue opportunities.
Note: Margaret has a Tapping session you can follow to help you relieve the fear and worry about debt. Other than Tapping to minimize the emotional component of debt, make sure you avoid adding debt.
#4 – Invest in a Business or Instrument
These are the tips that I follow and share to you. One more tip would be to use the money you saved from the second tip into a business or instrument, such as stocks. Building a business is a more stable way to increase your wealth, but it does require time and effort. You can also invest in an instrument, such as stocks or perhaps cryptocurrencies to increase your portfolio over time.
Following the tips I share above, I was able to increase my wealth to a certain amount where I felt peace of mind. But some bumps happened along the road, and I am working to get back to feeling peaceful and stress free. The Tapping Solution’s program on financial success is a tool I’m using to support me to reach that goal.