JW’s Financial Coaching Podcast JW’s Financial Coaching Podcast-A show devoted to answering your personal financial questions and covering current events in personal finance. Giving people a new perspective on their money!

May 13, 2012  

Highlights of today's show:

  • Three main barriers that hold us back financially
  • Family issues are the biggest and most common
  • Our past financial decisions can impact how we make decisions today
  • Where you work impacts your finances
  • Important to figure out your barriers and break through them

No matter who we are, we all face barriers when getting our finances in order. They can be large or small barriers but recognizing those barriers and getting past them is a critical part of getting your finances in order.

Family issues are probably the most common and biggest barrier to get around. Like it or not, we learn how to handle money from our parents. So if your parents always argued about money, you think that is normal. If they never talked about money then that is normal. In addition, if you decide to go against the grain you might hear some discouraging remarks from your family. It’s tough to hear that from your family, but I really feel that not caring what others think of your handling of money is the #1 financial attitude to have towards money.

Our past can hold us back as well. We have all done dumb things with our money in the past. But that does not mean that we will continue to do dumb things going forward. Remember, what happened in the past happened in the past! You can change, but you have to make that decision. By dwelling on our past mistakes we are sabotaging our own future.

Finally, our career is a big barrier to where we want to go financially. Where you work does impact your finances. But making more money won’t make your career better. What will make your career better is focusing on what your strengths are and working at a place that you enjoy going to each and every day. By working at a place that you are passionate about, you will then earn more income. But when you work at a J-O-B that you hate, your finances will be negatively impacted because you will overspend to make yourself feel better and ultimately not make the income that you could if you worked at a job you enjoyed. There is a huge correlation between wealth and working somewhere that you enjoy, so work on improving your skills and ask yourself the question, “Where do I want to be in five years?”

Finally, I would love to see you at our free teleseminar on May 17th titled “I just graduated from college . . . now what?” The fun starts at 7:30 pm and the number to call to join us live is 1-218-862-1300  and Conference Code: 251628. Please share with your friends via Facebook or Twitter.

You can now find the podcast on Stitcher SmartRadio! Stitcher allows you to listen to your favorite shows directly from your iPhone, Android Phone, Kindle Fire and beyond. So if you have a smart phone and want to stream the podcast from your phone, please download the app from their website.

You can subscribe to future Podcasts either through Feedburner or iTunes. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page. In addition, if you have enjoyed the show for a while now, please leave a review of the podcast on iTunes. For a step by step video of how that works please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. Email me atJWFinancialcoaching@gmail.com - Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

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