Managing money well gives you more choices and options. You see, money is just a tool to help you reach your goals and dreams. It’s an asset and a help. It’s not a master, and it’s a terrible god.
William Jennings Bryan, three-time Presidential candidate, put it this way in a speech in 1900, “There is a proper relation which should exist between man and money. Man, the handiwork of God, comes first: money, the handiwork of man, is of inferior importance.”
Our purpose is not to serve money, but for money to serve us and help us reach aspirations.
When money is managed well, good financial decisions are made and financial goals and dreams are moving forward. Some questions for you to consider are:
What are your goals for your money? When you make financial decisions, do you know the choices that you have? When you make financial decisions, do you make them based on your goals and dreams and do they support the financial life you want to create? Do you make financial decisions based on how they grow your assets?
These questions can guide you as you make financial decision and improve choices.
Assets Are Money Managed Well
The foundation of choices with money are assets and specifically, liquid assets. Asset that can easily be converted into cash in a short amount of time are called. Liquid assets include things like cash, money market instruments, and marketable securities.
Liquid assets are often viewed as cash, and likewise may be called cash equivalents because the owner is confident the assets can easily be exchanged for cash at any time.
Overall, liquid assets are very important for individuals because they are the first source of cash used in meeting payment obligations, financial shocks, emergencies, and the other things that we all do with money. Managing money well creates assets and provides the choice to go back to school or to quit your current job to look for a better one or start your own business.
David Kolb, An educator, says this about choices, “The way we process the possibilities of each new emerging event determines the range of choices and decisions we see. The choices and decisions we make to some extent determine the events we live through, and these events influence our future choices. Thus, we create ourselves through the choice of actual occasions we live through, and these events influence our future choices.” (Kolb 1984:63-64).
You can create better choices for you and your family!
Can A Financial Coach Help you Manage Money Well?
I am a financial coach/counselor and what I do is help people navigate financial choices to help them manage money better. I would love to help you manage your finances better. Imagine, a year from now and you have a different outlook on life and different perspective about your future. Working with you as your financial coach, we can make this happen.
The question is not can a financial coach help you, because they can, the question is, are you ready to be coached? Are you open to receive coaching so that you can make better financial decisions? Contact me if I can help you. Take care.