Where oh where has all of my money gone?
February 4, 2020
Where oh where has all of my money gone?
Last fall, I completed a VIP with a smart gal (executive in technology organization) in NYC. She makes terrific money; is in rent-controlled housing and does not own a car or have a mortgage. During a discussion of action steps, she had completely avoided the discussion of money, savings and investing. I brought up the topic of dollars and she started to cry. No hesitation. Money…tears.
“Natalie, I never have any money…I am broke all of the time.” I asked how her relationship with money started regarding savings, investing and earning dollars. What had she learned about money and who taught her about money? What was the philosophy; how much money was available and how was it handled? All negative. “There was never enough money, ever”, she said.
We closed 10 apps that VIP. We canceled 6 credit and debit cards. She no longer buys on a whim, but has a series of questions to ask when wanting to buy something. She MUST get receipts for all in-person purchases and maintains a running log of the dollars spent – she has a weekly maximum she cannot exceed for coffees, meals, entertainment, etc. As of this date, she has $10,646.00 in her “YAY money” account from not spending the way she did. We also increased her 401K to the maximum and she reviews mutual funds and individual stocks on a monthly basis for purchasing for her accounts. She is pleased, proud, money confident and cash-rich. She always knows how much money she has and how it has been spent…no more fear or shame around her money.
How is your money situation? May we help??
Natalie R. Manor
Natalie R. Manor is a consultant, executive business coach, speaker, 5 time author and extraordinary facilitator. Her consulting firm, Natalie Manor & Associates NMA, has attracted global success seeking clients and organizations for 30+ years.
