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Worksheets How we handle our money is a habit. That’s why someone who changes jobs or careers and finds themselves with substantially more money still finds themselves living beyond their means. That’s why someone who wins the lottery and quits his job, finds himself back at work within a few years. It’s not that we are in the habit of spending a certain amount of money or having a certain lifestyle, it’s that we are in the habit of being stretched financially. We have a vision of ourselves as people who have a hard time making ends meet. Our habits are a direct result of the vision we hold of who we are. Our beliefs about ourselves and our place in the world are by far our most limiting characteristic. If you have money woes related to spending and saving, then you see yourself as someone with money woes related to spending and saving. You probably think this is your “lot” in life. Destiny has cursed you with this burden. That’s not true. You can change all that in a heartbeat. How, you ask? Here are a few tips that may help point you in the right direction. The Greeks believed this was the secret to success. They may have been right. What do you need to know about yourself with respect to cash management? Simple. How do you spend your money now? Surprisingly few people know. Here’s a typical conversation. “How much do you spend each month?” “All of it.” “Where does the money go?” “I have no idea.” Use the Current Cash Flow Statement to guide you. Add categories as needed to make it yours.
Throughout her career, Dr. Kathleen Gurney has been fascinated with the interaction between attitudes/feelings and the way in which people earn, spend, save and invest money. She has conducted groundbreaking research in the psychology of financial behavior; interviewing tens of thousands and using sophisticated statistical analysis. Over the years, she has applied her findings to individuals, couples, families and financial professionals. Dr. Gurney's studies are also the basis for her best-selling book, Your financial personality: What It Is and How You Can Profit From It, as well as her MONEYMAX® Personal Profile questionnaire. Originally developed to help individuals identify, understand and work with their own unique money management styles, Moneymax has been embraced by the international investment and financial industry as well, to better satisfy customer needs and investment personalities. This is an important step. Understanding how you feel about money will make it easier to define what it is you really want.
Moneymax®:
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Calculators provided by Mackenzie Financial Corporation Fidelity Investments Manulife Financial Manulife Bank
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