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Do Not Have a Perfect 2019: How Trying to Be Perfect Can Cost You + How to Cope with Money Imperfection

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For a very long time many people have been striving for perfection not realizing that it came with a very big cost! What is the cost of perfectionism you may ask? Once perceived as a trait worth bragging about now mental health professionals say “extreme perfectionism” often sparks depression and anxiety, The Atlantic reports. And a recent study published by the journal Psychological Bulletin suggests such tendencies are on the rise, particularly among young adults. Parents and teachers have effectively pushed young people to strive for success, but they haven’t devoted enough attention to giving them the tools they will need to cope with failure.

This is why we must banish the notion of perfection. Especially as we go into the new year we have to simply do our best. With that said many people try to manage their money perfectly and add depression and anxiety to the mix as they are aiming to do so. So what’s the solution? The following are 5 ways to cope with money imperfection:

1. Make Peace With Your Money

Deepak Chopra says in his book The Seven Spiritual Laws of Success, “Every time you are tempted to react in the same old way, ask yourself if you want to be a prisoner of the past or a pioneer of the future.” This is important to apply to your money because your upbringing can affect how you deal with your finances. Do you have a scarcity mentality that is making you a money hoarder or has your money history made you a shopaholic? Whatever your money personality is, you must make peace with it and let go of any habits that are not contributing to your journey towards financial freedom. Take a moment to write down the money messages that you’ve heard coming up, reflect on what you’ve done right so far with your money, and identify the places where you have opportunities to improve. No matter the mistakes you have made, make peace with them. Forgive yourself for what was, accept what is, and begin to move in the right direction today. Letting go of the past is the best first step to creating a brighter financial future, and brighter future in general.

2. Visualize Your Abundance

The law of attraction teaches us that if we want to reach our goals, then visualization is where we should begin. By visualizing your dreams, you teach your brain to tap into the inner resources that you need to make them a reality. It allows you to see your dreams in your mind’s eye in order to accept and believe that you deserve them, and it allows you to stay positive, which will help you to stay on track to be successful in the long run. Visualizing your abundance can help you with your finances in the same way. When you can see yourself with enough money to comfortably reach all of your obligations, then it allows your brain to tap into your inner resources to make that real. When you can see your money goals achieved in your mind’s eye, you can begin to feel the way you would when they actually come to fruition, which will help you attract those outcomes faster. Also, visualizing your abundance will keep you in a positive space with your money, which will eventually attract more money to you.

3. Set Your Money Intentions

In the spiritual world, your intention is everything. If you want to manifest goodness in your life, then you first have to be intentional. As Bryant McGill once said, “Every journey begins with the first step of articulating the intention, and then becoming the intention.” What you intend for your money will have an impact on how you choose to use your money. Do you want to save more? Do you want to start a new business? Do you want to get out of debt? All of these are intentions that need to be set before you can begin making a money goal a reality. Once your intentions are set, the subsequent actions that you must take become easier to figure out.

4. Show Gratitude For Your Money

The Hawaiian Huna tradition has seven principles of life, and the third principle, “Makia,” says, “Energy flows where attention goes.” Whether good or bad, whatever you focus on the most is what you will continue to see in your life. By showing gratitude, you are telling whatever you are praising that, yes, you want more of it. Bless your money! Show it gratitude! Every penny, nickel, and dime of it. Don’t take what you have for granted and appreciate that you have it, even if you would prefer more. As Oprah Winfrey once said, “The more you praise and celebrate your life, the more there is in life to celebrate.” Apply that to your money and you will begin to notice an increasingly positive flow. Even if we look at this from a practical perspective, showing gratitude for your money will also guide where you spend your money. Those who are grateful for things will be more likely to take care of them and not be wasteful, which in turn will help you save more money.

5. Treat Other People’s Money as You Want Yours to Be Treated

The Law of Karma says, “For every action there is an equal but opposite reaction.” Simply put, that means what goes around comes around. If you put out negative energy in thought, word, or action, that negative energy will come back to you. As it relates to your money, you must realize that when you are borrowing money, whether it’s from a person or a bank, you are being trusted with these funds and there is an expectation that you will honor your word. Just like you would want your money returned to you if you lent it out, this is what others are expecting as well. As you do right with others, this same energy will come back to you.

There are other spiritual laws that can apply to your money such as giving to receive, which can be activated by sharing your wealth or the Law of Allowance, which says that you should be open to allowing others to treat you.

Ash Exantus aka Ash Cash is one of the nation’s top personal finance experts. Dubbed as the Financial Motivator, he uses a culturally responsive approach in teaching financial literacy. He is the Head of Financial Education at BankMobile and Editor-in-Chief at Paradigm Money. The views and opinions expressed are those of Ash Cash and not the views of BankMobile and/or its affiliates.

The Daily Digm (News)

T-Mobile’s Dream of Telecommunications Domination Is Almost Complete + How to Create Mental Toughness While Pursuing Your Dreams

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T-Mobile received verbal approval from the Federal Communications Commission for its $26 billion deal to buy Sprint but still awaits the blessing of the Justice Department. FCC Commissioner Ajit Pai said he’ll back the merger based on concessions by the third- and fourth-largest U.S. telecommunications companies, which include pledges to invest in new wireless broadband service in rural areas and to sell Sprint’s prepaid cellphone brand. While the FCC is expected to make a formal announcement within weeks, the Justice Dept. has yet to weigh out antitrust concerns.

Dream chasing isn’t for the faint at heart. It can take years before one sees the financial payoff of what was once an idea. T-Mobile is probably patient on the outside, but internal it is jumping for joy. It took them a few years to get to this point, but I’m sure they will be relieved at the fruits of their patients.

When building a business, your goal has to be more than money, or you will ultimately fail. Your drive has to be based on principle, change, and something greater than yourself. Here is how to stay mentally tough while pursuing your dreams.

Personal Development. The road to success is paved with character and growth. Personal development is one of the key drivers that sustain you on the path of your dreams. Trustworthiness, keeping your word, and dependability are imperative to any industry. It doesn’t matter if you’re a musician or painter, lawyer or doctor, these traits and non-negotiable and forever transferable to success.

Take Breaks. To get there, you must rest one mile at a time. The grind is overrated. Reflecting on how far you’ve come energizes you for the road ahead. Burnout is a danger to your accomplishments and leads to a failure by default.

Stay Hungry. Stay Foolish. Steve Jobs popularized this quote from an ad in The Whole Earth Catalog. It read Stay Hungry. Stay Foolish. We come to a point when we are happy with a level of progress and think we’ve learned everything. Accepting the truth that we never stop growing, and there is no limit to our success gives us the ability to keep going. To continue, you must never settle. You must always seek new ways of fixing things and solving problems. Discover new opportunities and be open to learning more.

Faith. Steve Jobs also mentioned faith throughout his journey. Believing so deeply in an idea that you make it come to life. Belief takes ideas and materializes them; and when you realize you can actually make something come to life, the sky becomes your launching pad, not the limit.

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The Daily Digm (News)

Retail Wars Are Getting Real Competitive + How to Stay Competitive in the Marketplace

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Walmart has announced plans to offer next-day delivery on about 220,000 of its “most frequently purchased” online items, after rival Amazon promised free one-day delivery for Prime members. The retail giant says the offering, which applies to orders over $35, will reach about 75% of the U.S. by the end of the year. The more limited inventory makes Walmart’s offer more of a competitor to Target’s Restock than Amazon, says TechCrunch. But retailers need to get a better handle on their inventory and demand for fast delivery before making such moves, execs and analysts told The Wall Street Journal.

Competition is fierce no matter what the genre is and as it relates to these entrepreneurial streets, you have to make sure that you are staying ahead of the competition so you won’t get Walmart’d by your Amazon… So what can you do? Luckily, Marketing Donut has come up with Ten ways to keep ahead of the competition:

  1. Know the competition. Find out who your competitors are, what they are offering, and what their unique selling point (USP) is. This will identify the areas you need to compete in, as well as giving you a platform for differentiating yourself.
  2. Know your customers. Customer expectations can change dramatically when economic conditions are unstable. Find out what matters to your customers now – is it lower prices, more flexible or premium service, the latest products? Revise your sales and marketing strategy accordingly.
  3. Differentiate. It’s essential to give your customers good reasons to come to you rather than a rival. Your USP should tap into what customers want, and it should be clear and obvious – no-one should have to ask what makes you different.
  4. Step up your marketing. Improve your market positioning statement. Make more effort to tell people who you are, what you sell, and why they should buy from you. It doesn’t have to be expensive; marketing can range from posters in your window and leaflet drops through to viral campaigns on social media.
  5. Update your image. Simple steps such as painting the front of your premises can make your business look more modern and inviting. But also look at business cards, social media presences, your website, branded packaging, clothing and so on. Does your image reflect your USP?
  6. Look after your existing customers. They will be your competitors’ target market. Provide better customer service by being more responsive to their needs and expectations. If feasible, consider offering low-cost extras such as improved credit terms, discounts or loyalty schemes – remember, it’s cheaper and easier to keep customers than to find new ones.
  7. Target new markets. Selling into a greater number of markets can increase your customer base and spread your risk. Consider whether you can sell online or overseas, for example. Are there groups you’ve never targeted before who might be interested in your offer? Remember the benefits of market segmentation and don’t waste time marketing to people who won’t be interested.
  8. Expand your offer. What related products or services might your customers be interested in? You might even consider diversifying into another area – many bars and restaurants have successfully offered business networking events, for example.
  9. Be the best employer. Skilled, motivated staff underpin vibrant, growing businesses. But attracting them means more than paying a competitive wage – people are often more impressed by a good working atmosphere and benefits such as flexible working and structured career development.
  10. Look to the future. Businesses that plan for growth are more successful than those that are happy to stay still. Keep up with developments in your sector, follow consumer trends, invest in new technology and – crucially – have a clear idea of where you want to be in one, three and five years’ time.
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Negotiating Better Pay May Be Getting Easier + How to Easily Stay Ahead of the Game

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Salaries were once a taboo thing to discuss. Yet, with unemployment at a five-decade low and the gig economy requiring people to compare salaries, attitudes are shifting in the conversation, according to The New York Times. Keeping salary information secret favors managers who want to pay people less, say experts. More information about salaries may benefit workers, giving them wider room to negotiate better pay.

This is great news for those who in the past have been cheated out of a fair wage because they didn’t understand how to play the negotiation game. But it doesn’t only take negotiation to get top dollar; there are other tricks to the trade. Here are four ways anyone could use to get ahead of the career game:

  1. Know Your Strengths and Capitalize off of Them. Don’t try to be something you’re not or learn new tricks overnight. Stay in your lane and become stronger. The stronger you become, the more value you will have in the workforce.
  2. It’s Never Too Late to Intern or Volunteer. As adults, these can be such humbling terms, but it can still get your foot in the door. Just look at Chris Gardner. Not only did he become wealthy, but his rise to riches also led to a movie based starring Will Smith & Jayden Smith
  3. Building Your Connections. Who you know is just as if not more important than what you learn. Being authentically connected to others in your field of interest can open up a world of opportunities. One rule of thumb is never settled or compromise for relationships but do, however, seek to build solid ones.
  4. Create Your Own Platform. Don’t underestimate your ability to build an empire. Many successful entrepreneurs and professionals created their own jobs. Combine all of the above and consider investing them in your own enterprise.
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