Hope for your financial life and beyond

Health, Wealth and Moments of Clarity

moments of clarityThe personal finance blogosphere takes the accumulation of wealth seriously. One can literally read hundreds of posts each day espousing the virtues of saving more and spending less in the hopes of one day reaching financial independence. That’s the pinnacle of wealth accumulation we strive for – the day when our money makes more for us in a year than we could make for ourselves in a year. That’s a sweet place to be.

So we spend much time and focus in this area of our lives. Researching. Writing posts. Sharing with others. Developing our blogs. It’s all part and parcel of the gig.

I can tell you, having been at this for almost a year now, blogging can eat you up if you allow it. So can working too hard at your day job. So can spending too much time watching television. So can updating Facebook all day long. So can any activity or hobby taken to excess.

By definition, when we overindulge in one area we naturally neglect other areas of our life that need attention. It’s impossible to give maximum total attention to every facet of our lives at the same time. Something inevitably has to give.

In addition to our personal finances, another area we sorely neglect is our health. There was a time in the not so distant past when this was true of me. I was consumed with my work. I was not getting enough sleep and I rarely exercised. I was sluggish, not eating well and sat around for most of the day. And the numbers on the scale kept getting higher and higher.

Then, to quote Zangief from Wreck It Ralph and Street Fighter II fame – “I have moment of clarity.” That clarity came in two separate events.

Two Personal Moments of Clarity

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2 HUGE Reasons We Need to Save to Build Wealth

build wealthIf you have been following my posts recently, I have been discussing why it is important to save money. I talked about saving for emergencies and then outlined saving for purchases and bills. These serve as a solid foundation for our financial health and to build wealth for the long-term.

They are foundational because we have to work through a lot of emotional baggage. We have to re-wire years of incorrect thinking about our saving habits. That’s not easy because we have to admit our mistakes. But once we have succeeded in changing our mindset about saving, we’ve conquered a giant obstacle. As I’ve said before most people aren’t thinking this way.

These saving concepts are foundational because they allow us to move on to the next phase of money management – to build wealth.

What Does It Mean to Build Wealth?

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