Get Financially Fit!
admin
For nearly a decade, I have held various marketing and communications positions in the high tech industry. Most recently, I was at Cisco Systems, driving their marketing and communications strategy for their worldwide technical support division. On the other hand, my husband and I are personal finance junkies. We've been educating ourselves financially since 1999 through various products, services, and seminars. We strongly believe you need to take charge of your personal finance and get financially fit!
Yahoo Messenger: jeacheng
Posts by admin
What Happened?
Aug 28th
Dear Readers:
During a recent database upgrade, we lost articles written between September 2008 through August 2009. Some might get upset at themselves or others. However, we are taking this in stride. Additional articles will be posted in the coming months to rebuild this site. Thank you for your patience and continued support.
Regards,
Financial Fitness Pro Contributors
The Power of Body and Mind
Apr 6th
In yesterday’s segment, Jean wrote about the “mind”. Not only does one need to develop the right attitude, one also needs to increase their financial education (or “capacity”). As you embark down this path, the “body” must also play a crucial role as you exercise your brain.
This is not a pitch to get you to join some new age fitness craze that will sweep across the nation. However, do you ever wonder why executives of Fortune 500 companies exercise regularly? Aside from the numerous health benefits, there is one that is a key to your financial success. If you’ve seen the latest news espousing the benefits of regular exercise, you probably have seen recent studies linking this activity to improved memory retention.
As you make that commitment to get financially fit, you should also develop a plan to get physically fit. It can be as simple as going out for a brisk walk for 20 minutes at least three times a week. This will stimulate your blood flow and delivery of oxygen to your brain.
I do some of my best thinking while I’m exercising. When I work out at my local gym, I usually bring my financial education material and review it while using a treadmill. I call this a “two for” because I can improve both my financial fitness and my physically health at the same time.
Here’s to your wealth and success!
Brion Lau
Co-Founder, Financial Fitness Pro
Start Today – Get Financially Fit!
Apr 5th
If you’ve ever heard the numerous wealth gurus speak, they all start to sound the same, albeit with their own twist. What do they have in common? Sure, they’re all incredibly wealthy and attract large crowds wherever they speak. However, I’m specifically referring to the positive tone and the inspirational nature of their message.
Upon further reflection, the single biggest barrier most people need to overcome is their own personal attitude and development. This is the first obstacle you need to overcome if you’re going to achieve your financial dreams and aspirations.
Step #1: Numerous wealth coaches promote the power of positive thinking; negative and limiting vocabulary such as “can’t”, “impossible”, “too difficult” need to be purged out of your system.
Step #2: The next step is to build you financial education, starting with the basics. By this, I mean developing a good understanding of your assets, liabilities, income, and expenses. As you get a handle on your financial situation, you should begin to “see” the flow of your money. Is your money going into savings or investments that are building more wealth for you over time or supporting a lot of discretionary expenses? Are you living a life where you have more expenses than income to sustain your lifestyle?
Step #3: Depending on where you are financially, you need to develop a financial plan. Your plan can be as simple as setting SMART (specific, measurable, action-oriented, relevant, time bound) financial goals for yourself within a specific timeframe. Chances are, if you commit to setting a goal, you have a better chance of achieving it compared to not having the goal in the first place. If you struggle with following through, have a close friend, family member, or loved one keep you accountable.
By this stage, you are now ahead of the game and increased your chances of wealth building success. If you really want to get ahead further, you need to keep building your financial education (“invest in yourself”). How?
If you have a public library card, use it often. If not, get one and continue building your education financially. Feel free to check out my website for some of the books and products I’ve read and used over the years.
Check back in a few days for my next segment!
Jean Cheng
Founder, Financial Fitness Pro