"It's not fair -
people just don't understand how difficult it is! I
try to explain, but they just shake their heads and
walk away".
What was so difficult for this client?
- Was it paying off their credit card? No!
- Was it reducing their spending on clothing or
'toys'? No!
- Was it asking the boss for a well-earned pay rise?
No!
This was someone who had over half a million dollars
of spare cash that they were needing to invest - and
they didn't know how to go about it.
Now, at this point, some of you may well be thinking
"They reckon they've got it hard - HUH! I wish I had
that problem"! and while others of you may smile and
agree, I invite you to stop a minute and think about
this situation a little more. Rather than giving
answers, here are some questions for you to ponder!
1. You may be saying you wish you were in that
situation - well, why aren't you? What is stopping
you from getting to this stage of your money
management and investing? Do you feel jealous or
envious of this person? If so, rather than judge those
feelings, go further to find out what's underneath
them. You may find out what has been stopping you!
2. Do you find yourself thinking "Glad that's not
me"? If so, why are you glad you're not
in this situation.
3. Have you experienced these feelings also? How did
you deal with them?
4. Whether you have spare cash to invest or not, do
you have an investment plan in place? Does that
include education? (It doesn't only have to be AMM
work!)5. Are you surprised that someone who does
have this sort of 'spare' money is expressing these sentiments? Why? Do
you think that having money will take away your
stress and/or your problems?
6. Do you feel relieved that finally, someone has
the courage to speak out about the problems and
stresses related to having money and managing it
responsibly?
We offer this case study and questions and invite
you to jump in and do
some exploring - take these questions and use them
to look closer at your goals for the year and
beyond. And finally, what happened with the person
quoted at the beginning? Well, first, we looked at
the difficulties of being wealthy and how
misunderstood or minimised the related problems or
stresses can be. Now, we're putting a life plan and
some investment goals together and this person is
finding that investing can be rewarding, fun and
exciting as well as still a bit scary!
Now I don't want to put you off becoming wealthy! It
is wonderful, I can assure you! Just remember, it doesn't matter
how much money you have, there are still money
issues that will need to be worked on!
Louise Brogan is a Director and full-time coach
with All Money Matters. Louise does 1:1
consulting as well as facilitating Groups. For
more information contact
lbrogan@allmoneymatters.com.au
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