Welcome to the March 2004 edition of the Clarity Success
Coaching Newsletter! For this month's newsletter we are going
to focus on a topic very close to everyone's heart (and
wallet) - money. This is part one of a two part series on
money. The second part will appear in April.
we welcome your questions, comments and stories. Don't forget
to send us an email and share your thoughts with us.
|It's interesting that whenever I
sit down to think about what our next newsletter topic
will be that often the right topic comes forward
immediately. I can't help but notice over the past few
months with my clients from all over North America that
the topic of money has been a popular one. A few weeks
ago I did 30 coaching sessions at the World Conference
on Club Management in Anaheim. The topic came up with a
frequency that was very consistent with the interest
that my regular clients are expressing. For some of my
clients and colleagues it's about dealing with beliefs
around money, for some it's about strategizing ways to
fill a need for money, for some it's about building a
reserve, and for some it's about creating a level of
financial independence that gives them the freedom to do
whatever they want. |
When it comes to people's
beliefs about money I've heard many. Some believe that
money is good, some believe it's bad. Some believe it's
elusive, some believe it's scarce and some believe
there's an abundance of it. Beliefs can come from our
childhood and the financial position our parents had.
They may come from our spiritual upbringing. My job as a
coach is to help people look at their beliefs and choose
whether or not to continue to believe them.
the book "Rich Dad, Poor Dad" author Robert Kyosaki
challenges readers' beliefs about money by illustrating
that he grew up with a poor thinking dad and took his
financial lessons from his friend's dad, a rich thinking
dad. The book is full of ideas and concepts that run
counter to the way we have often been brought up to
think about money. One of the major points in this book
is that even with all the things we are taught as we go
through our formal education as children and into
adulthood, we are not taught how to understand and
handle money. And yet it becomes such an important part
of our lives, no matter which career direction we take.
Kyosaki challenges readers to become financially
literate and to understand their money, pay attention to
it and to look at what they earn and what they spend. He
also suggests that we do this with joy instead of dread.
As a young boy, one of the first lessons Kyosaki
learned was to never work for money but to have money
work for him. He points out that the regular money model
that we've grown up with is to get a job, hopefully with
security and a pension, spend just a little bit more
money than we make and continually struggle to get out
from under debt. His rich thinking dad challenges him to
think in a very different way. He challenges him to
think about having multiple income streams, to have
others work for him and to have money work for him. The
rich thinking dad is able to change Kyosaki's beliefs
about what an asset is and helps him to redefine an
asset as something that brings money to him. This idea
is different than the regular accounting definition of
The author also suggests some shifts in thinking to
support the reader to go from a poor thinking to a rich
thinking person. For example, a poor thinking person
might say, "I can't afford it". A rich thinking person
says, "How can I afford it?" This doesn't mean going
into debt to afford something; it means being creative
in thinking of ways to make what you want affordable. He
says that if a poor thinking person wins a lottery he
will buy the toys he's always wanted. If a rich thinking
person wins a lottery he buys assets which earn money to
buy the toys that he wants. I challenge you to read this
very helpful and informative book so that you can start
to analyze some of the beliefs you have about money.
Here are some questions I challenge you to think
about and answer.
What do you think about
How do you feel about money?
How does your
thinking have an impact on your financial
How have your feelings effected your
Have you taken accountability for
your financial position?
Robert Kyosaki's web
If money be not thy servant,
it will be thy master.
|We have talked about Robert
Kyosaki's book "Rich Dad, Poor Dad" this month. I do
encourage you to read this great book. If you would like
to learn more about the book please visit the Clarity
Success Coaching library where there is a link to a
great book summary by Ron Coleman. Please click on the
link below to get there.
Success Coaching Library »
|We hope that you have enjoyed this
edition of the Clarity Success Coaching Newsletter!
Please feel free to pass it along to anyone you feel
would benefit from it.
We welcome your ideas and inspirations! Please share
with us your stories and wisdom and, with your
permission, we will share them with our readers!
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and cannot be reprinted without the permission of
Clarity Success Coaching.
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