Archive for the ‘Financial Freedom and Prosperity’ Category

Smart Women Tip #10: It’s Never Too Late to Become a Millionaire

 

In our recent Smart Women Survey, almost 38% of women said that their biggest challenge is money or their finances.  Today, I want to share something that happened to me last week when I went to visit my hairdresser, Rachel DeMar.

Rachael 300x225 Smart Women Tip #10:  Its Never Too Late to Become a Millionaire

Rachel told me that she was celebrating her 10 year anniversary since she received her chair (as a hairdresser).  After congratulating her, I asked her if she had ever set up that retirement account we talked about a few years ago.  I had suggested that she talked to her bank about setting up a Roth IRA.

She hadn’t, so I said let’s take a look at how much she would have today had sheset up a savings account 10 years ago at 22 years old.  I asked her how much could she save a day in her tips.  She said she could easily save $20.  I said so let’s assume you saved $20/day five days a week for the last 10 years and assumed a 10% rate of return.

I pulled up David Bach’s Latte Factor Calculator on Google and inserted the numbers.  I told her it would be $91,000. Now of course, this is just a hypothetical return, but I wanted to make a point. 

Now the other ladies stopped working and were gathering around.  Then I told her, “What if we started today and saved that same $100 per week for the next 30 years or until she was 62 and used the same 10% hypothetical return?”  The total was $940,000.  They all like this.

Then I said, “Now let’s pretend you did start that account 10 years ago and had that $91,000 today and decided to never save another penny, but just let that 91,000 grow in a retirement account and it earned 10% every year for the next 30 years.  How much would that grow to?”  The answer surprised them all.  It was over $1.500,000 or 1.5 million dollars.  Remember, this is using a hypothetical return and actual returns are based on the investment choices and their actual returns

You may be asking what if I am 40 or 50 years old?  Is it too late for me?  It’s never too late to become a millionaire.  You just need to save more. 

Here is a chart that shows the value of starting early as well as how it’s still possible to become a millionaire by age 65, if you start now.  Again, I used the same 10 annual rate of return to be consistent

Age                                                        Daily Savings                                       Yearly Savings
20                                                                  $4.00                                                        $1,460

30                                                                  $11.00                                                       $4.015

40                                                                  $30.00                                                       $10,950

50                                                                  $95.00                                                        $34,675

 

There are 3 secrets to building financial security and creating wealth.  It’s never too late:

  1. Start now and be consistent.  Remember, it’s never too late.
  2. Pay yourself first.  Create a budget and put yourself at the top of the list.  Make sure you are paying yourself before you spend money on anything else. 
    • I suggest beginning with saving 10% for emergency or a cash reserve until you have six months built up.  And keep adding to this because you know you will be dipping into now and then for emergencies. That’s what it’s for.   
    • Then set up a 2nd savings account for fun.  This includes your long term goals like big ticket items, vacations, and things for your home.
    • The third is one you will never touch. and I would put at least 10% or more (see the chart above).  This is the account you will be building for your retirement.  You will want to meet with a financial person about setting this up because the other accounts can be simple bank accounts. This is the one you will want to create as your investment portfolio.
  3. Never give up.  No matter where you are today, all you need to do is get started.  Get help if you are in debt. There are options for you.  Start saving something every day, every week, even if it’s just $10.  Create a vision board, create a budget, meet with a financial planner.  Get help.  It’s out there for you.  Read a great book about money like Barbara Stanny’s “Over Coming Underearning”. 

I hope this article is inspiring for you.  Please share it with all the young people. Show them the Latte Factor Calculator.  Starting early and being consistent is the biggest secret.  But start now!

I’m Retiring in Costa Rica…what’s your plan?

 Im Retiring in Costa Rica...whats your plan?

Katana’s Retirement

Last week, we began updating our financial plan, and I asked you some questions  about your personal retirement plan.  Did it get you thinking?  With over 80% of Americans planning to work at least part time in retirement to supplement their pensions, Social Security and savings, the idea of retiring to something – not from something™ is catching a lot of attention.

I am a huge fan of doing something you are passionate and talented at create income in retirement.

For the last 10 years, I have been telling people that are planning on living off their savings, that the most they should consider pulling from their investments to create income is 4% a year if they would like it to last for at least 30 years.

  • This means that if you have $1 million saved at age 65, you would only want to pull $40,000 per year or $3500 per month.
  • Well according to David Blanchett, head of retirement research at Morningstar Investment Management, “We have to question that 4% assumption“. He says that withdrawal rate would only give clients a 50% chance of their assets lasting 30 years. A 2.8% annual withdrawal rate is more realistic, he adds.

What this means is that if you have $1 million in assets, you should only be pulling $28,000 per year to make sure it lasts at least 30 years.  This is certainly not a millionaire lifestyle!

I am not saying stop saving. By all means, continue to build up not only cash reserves, but start maxing out your 401(k) savings and IRAs.  You are going to want to have as much cash as possible, so continue to invest.

The secret to building this type of retirement plan is starting early, so you can take advantage of the “time-value” of money. For example, to save $1 million by age 65 (assuming a very generous 10 percent annual rate of return), take a look at the different amounts you would need to save, depending on how late you started to invest in your savings:
Age                                                        Daily Savings                                       Yearly Savings
20                                                                  $4.00                                                        $1,460

30                                                                  $11.00                                                       $4.015

40                                                                  $30.00                                                       $10,950

50                                                                  $95.00                                                        $34,675

 

What do you do if you don’t have “The Gift of Time” on your side?  Then I suggest your access “The Gift of Experience“.  By the time we are in our 50s, 60 and 70s, we all have amazing wisdom and experience that we can leverage to create income to supplement our retirement income.   The key is finding out what we are passionate at and skilled at, and then creating a smart plan to generate income.

So why did I suggest last week was to “find your stuff” and to get organized?

  • I want you to pull all your investment statements, pension statements, your social security statements so you can see what you have.
  •  Once you see what you have, you can work with a financial advisor or a financial calculator to see how much you will have out into the future.
  • By doing this, you will be able to see how much you need to earn to create the lifestyle you want.

The key is to start somewhere.  See where you stand today based on where you are.  Then you can create a strategy.  My strategy is to spend my winters living in Costa Rica or Panama where the cost of living is very low, and I can lead my retreats which I love, and have access to high quality health care at a fraction of the cost of what we pay here.

The old paradigm:  “Retirement” is when you have enough INCOME and ASSETS so working is optional and retirement is affordable.

The new paradigm:  “Retire to Something – Not From Something” by creating lifetime income (preferably passive) doing something you love to supplement your pensions, Social Security and savings.

Next week, let’s talk about different retirement income strategies.  In the meantime,  try to get a “picture” of what your retirement goals are as well as what the future looks like based on where you are today using all those statements you pulled out this week.   Try using the financial calculator above and see what you find out.

Could You Become a Midlife Millionaire?

highlightedquote 300x218 Could You Become a Midlife Millionaire?A few years ago, I was interviewed on the topic, It’s Never Too Late to Become a Midlife Millionaire, by a brilliant interviewer, Lorwai Lan, on her radio show, Your Money and Your Mindset. Just a few weeks ago, she sent me an email saying that our interview had been the #1 downloaded podcast on the CEM network with over 30,000 downloads, so I went back and listened to it. It really was a great interview, and I invite you to listen yourself by clicking here.

One of the things that we talk about in the interview of course is mindset. The idea of mindset is so important, because unless you have a healthy relationship with money, no matter how much you make or have, you will never be able to keep it, grow it or feel secure and joyful about it. This is why 70% of lottery winners squander away their winnings within a few years. We have all heard these stories and think, “I’d never do that!” Oh really?

We also know that when new wealth is created in families, there is a 90% probability that all the wealth will be gone by the third generation. It’s known as “Shirt sleeves to shirt sleeves in three generations”.

So what is your mindset around money? If you received a large sum – millions of dollars, could you hold on to it? You say yes, but how are you treating the money that you have today? Do you respect and appreciate it? To create, grow and keep wealth, you will a healthy relationship with it and an action plan.

How does this idea of “Becoming a Midlife Millionaire” feel too you?

  • Does it make you feel uncomfortable or does it feel too unrealistic?
  • What would your friends and family think of you if you were really rich?
  • Does the word millionaire seem too materialist or masculine?
  • What were you told growing up about money; Was it money doesn’t grow on trees or money is the root of all evil?
  • Are you triggered negatively by the idea of having a lot of money or those who already have it?

Our relationship with money – how we feel about it AND what we do with it – will have a profound effect on every area of our lives, because until we develop a truly sacred relationship with it and that means both the “Inner Work” and the “Outer Work” of money, we will never be able to ask for what we are worth, keep what we do earn, invest confidently to make it grow, or feel secure and confident about it once we have it.

I’ve worked with hundreds of women who have come to me to get help with their money and we always start with the “Inner Work”. If you are struggling with your relationship with money, thinking it’s too late to become wealthy, waiting for someone else to solve your financial problems, hoping the issues will go away by simply ignoring them, or going deeper and deeper into debt, even being afraid to spend it, or invest it, then it’s time to take action.

So the “Inner Work” is identifying our beliefs and disempowering beliefs around money, and then shifting, healing and releasing those beliefs while creating new empowering beliefs AND actions.

The “Outer Work” is what you are doing with your money. Are you getting paid what you are worth, do you respect it, are you saving and investing for your future?

No matter where you are in your life, there is hope. I can promise you this one thing. There is always hope and there is always a solution. So where do you start?

Step #1: Start with the Inner Work- your beliefs around money. What has been coming up while you were reading this article? I’ve helped hundreds of women heal their relationship with money by helping you identify your money personality which is based on your disempowering belief and your biggest challenge.

money 300x199 Could You Become a Midlife Millionaire?There are 5 money personalities:

  • Value (I need to prove I am good enough)
  • Status (Whatever I achieve is not enough)
  • Love (I need to do whatever it takes to get love)
  • Security (I never know when what I have may be taken from me)
  • Recognition (I need to prove I’m right)

Once you identify your disempowering belief, challenge and personality, then it is time to release, forgive and heal. This process could take years or if done with a professional, it can be instantaneous. It’s truly step number one. This one step will shift everything. I’ve seen it happen with hundreds of women, frequently with immediate almost magical results.

Step #2: Now you can begin the Outer Work – Taking Action. So this is where you begin to look at where you stand and where you want to go. It’s time to be brutally honest, to clean up messes, set goals, and get the help you need. Steps could include:

Step #3: Don’t give up. Don’t try to do this part alone. Get support and surround yourself with like minded women who are on the same path. You can do this by joining our free Smart Women Community. There are Facebook Groups, free resources, 100 days of inspiration, weekly inspirational radio shows, and online forums.

I believe in you. I have been there and know how to do this. I have surrounded myself with dozens of supporters and they are all part of this community of smart, successful women who are willing to reach out and help each other. Check out these free resources and let us know how you transform. We want to hear from you!

The 3 Biggest Mistakes with Your IRA

Years and years ago, I started my first IRA when I was in my 20s.  I am going to date myself, but it was back when interest rates were double digits.  I still remembered how excited my husband and I were when we each invested $2000 into our Individual Retirement Accounts or IRAs.

money cushion 300x300 The 3 Biggest Mistakes with Your IRA

A traditional IRA is basically an account that allows you to set funds away for retirement and the money will grow tax deferred, meaning you won’t have to pay income taxes on it until you take it out.  In addition, you are able to deduct that investment from your income on your tax return.  It’s a pretty cool deal especially if you start saving when you are very young.

Take a look at this chart on Dave Ramsey’s website called Junior’s Clubhouse that shows not only the power of compound interest, but the power of starting early.  I was so excited to have found this chart. I suggest that you print it out and share it with all the young people that you know.

Secret of Compound Interest:

In the link above, basically the first person starts their IRA with $2000 at age 19 and stops at 26 (total investment is $16,000).  The second person waits till they are 27 and continues to save until they are 65 (total investment is $76,000). At age 65:

  • the person who invest $16,000 has $2.2 million
  • and person who invested $76,000 has $1.5 million

Why is this?  It’s because of the power of compound interest and starting early!

Those IRAs that my husband and I started at age 26, would be worth $28,000 today each at a 10% return.   This is just one terrific way to accumulate wealth.

There are 3 mistakes that I see people make with their IRA accounts:

  • The first mistake is to simply not have one.  One of the big issues is see with many women is that they love to make money and they love to spend it.  Saving let alone investing is not a big agenda item.  If you are earning money and do not have a tax deferred retirement plan, I suggest going to your financial planner or your bank immediately and setting one up.  You can talk to the advisor about the appropriate type of IRA because there is also a Roth IRA which does not get a tax deduction, still grows tax deferred and the income comes out tax free.  The advisor can also help you select an appropriate investment vehicle for the IRA account.  Sometimes you can set these up with very little money and even add as little as $100 per month.  Just get started.
  • The second mistake I see people making is not being diversified.  Again, get some advise on how to invest your money.  There are mutual funds and Exchange Traded Funds that operate like a mutual fund by giving you diversification.  The goal is to have variety of investments based on your age and risk tolerance.  In addition, you want to look at the investment cycles.  Right now, bonds have been on a 30 year bull cycle because of falling interest rates.  Investing in bonds at this time could actually be very risky because when interest rates go up, bonds can lose a lot of value.  So please get some advise from an expert and then re-balance your portfolio annually.
  • The last mistake people make is with their beneficiaries.  Just this week, I was reviewing my Self Directed IRA account where I own real estate and a non publicly traded stock.  When I opened the account, the company was called Entrust.  A few years later, Entrust was taken over by Quest IRA.  To my surprise, Quest did not have my beneficiary designation on file.  It always makes me chuckle when I see something like this happening to me because I am a Certified Financial Planner and should know better, right?  So with all the consolidations and mergers, it’s really important to check out those beneficiary designations.  IRAs avoid probate and in many cases when structured appropriately, the tax benefits can roll over to the recipient at death.  If the beneficiary designation is not correct, it can have dreadful tax consequences.

So those are my 3 IRA tips:  Start one — Diversify — Update those Beneficiaries.

I will go deeper on these topics in future articles.  If you have any questions feel free to make a comment or schedule a complimentary consultation at www.talkwithkatana.com

 

 

Creating your Perfect Life as a Female Entrepreneur

As an entrepreneur, I absolutely love working from home.  I spent my first 10 years working from my car, door to door in sales, and the next 20 in a corner office in corporate.  My dream was to turn my vocation into my vacation, so I have created a new work environment that for me is perfect.

Kat Lizzy on boat 300x225 Creating your Perfect Life as a Female Entrepreneur

Me & Lizzy on the boat

I live on a lake and am surrounded by gardens at the end of a private road, so I have peace and serenity.  During the long winter months, I lead spiritual life purpose and adventure retreats to Costa Rica.  My husband and I even have a villa in Panama five weeks out of the year…again, surrounded by rain forest, ocean and serenity.

This was no accident.  My husband and I have worked very hard over the years to be able to live this lifestyle today.  We created our first financial plan in our 20s, began investing into our retirement plans, and have been very thoughtful about our relationship with money.

Through my husband’s career, he has provided the health insurance and his retirement, includes a pension plan.  These have been a foundational piece of our financial planning.  This gave me the opportunity to take more risks and become an entrepreneur.

I think owning a business is one of the best ways to create wealth.  It is not, however, for the faint of heart or for those with little or no funding.  Studies show that many women use their savings, even 401 (k) plans where they are hit with penalties and taxes or even their credit cards to fund their businesses.  To do this right, it will take planning, time and money to create a truly successful business.

Almost every successful entrepreneur has experienced all or most of these steps in creating a successful business:

  • Worked very, very hard doing what others refuse to do to make it work.
  • Stepped out of their comfort zone and take risks.
  • Hired a consultant or coach who so they could “learn the system” saving years and years of trial and error.
  • Experienced huge failures, lost money, made money, lost it again — but they did not give up, and they finally figured it out.

According to GoForFunding, many women entrepreneurs are an average age of 40-60 years old because they have had previous careers in other areas. Their primary goal is not monetary reward but rather personal satisfaction and community involvement. Many of them are educated and assemble into groups in order to pool business ideas and resources together. This is the idea behind our free Smart Women’s Coaching Community.  You don’t need to do this alone.  If you aren’t a member of our free community yet, you can join us now by visiting SmartWomensCoaching.com

Being an entrepreneur is very rewarding.  I believe it’s one of the best ways to actually get paid to do what you love while making a difference in the world.  The secret is:

  • creating systems
  • leveraging a team
  • and creating a business that can run without you or at least virtually!

If you want to talk about your dream, feel free to schedule a complementary session with me at www.talkwithkatana.com     This is my passion, and my purpose in life so I’d love to hear from you!

 

What we can learn from the Sims™ game.

Written by guest contributor Michelle Hutchinson

My daughter and I play a game on our iPad called Sims FreePlay™. I’m sure you’ve heard of this game. It’s where you build a computer animated town and fill it with people – or Sims as they are called. Each person has their own personality, house, wardrobe, hobby, and career.  You advance through the game by increasing skills in your hobby and your career and gain money and lifestyle points along the way.  The more you practice your hobby the more lifestyle points you earn and the more you practice your career skills the more advance you become and the more money you make.  Sounds a little like real life, doesn’t it?

simspic2 What we can learn from the Sims™ game.For example, one career in our town is a Firefighter. To become the Fire Chief they must practice this skill over and over so they can advance to the next level.  There are other careers in this town but it wouldn’t do this particular Sim any good to practice one of the other trades – because they are a firefighter.  They need to keep their focus on firefighting.  The Jack of all Trades career is not an option in this game, nor should it be in real life.

There’s a lot we could learn from this animated town. For one, the more we practice and engage in our hobbies and friends the more lifestyle points we earn and the happier we are.  And two, the more we practice and stick to our specific job the more we advance in that career.   Our Sims don’t have a choice of what career path they must follow, I assign one to them.  You, however, do have the option to choose.

Do you love your job and the career path you’re on?  Then follow it and practice getting better at that job.  Take training, read books, get more involved and gain the skills needed to make that career even better.  You may have many skills, don’t we all, but hone in on one in particular and then become the expert that other people come to and that you become known for.

On the other hand, what if you say you don’t like your current job or career path?  Then ask yourself, why would you spend any time getting better at something you don’t even enjoy?  Why not take that energy and focus on something that makes you happy.  There must be something in your current job that you like or are good at or you would have never been hired.  What is it?  Can you take that skill and make something out of it?

I’ll give you an example.  I use to drag myself into work every day.  Even though at one point I really enjoyed my job, I had grown to dread Mondays. When I finally made that decision that I was no longer going to settle in my life, I took a moment to identify that part of my job that I liked and that I was naturally great at.  It turned out to be efficiency.  I was really good at helping the other departments streamline their processes and save time.  I enjoyed helping them. This became the one skill that I was going to focus on and become the expert that people would know me for. And that’s what I’ve done.

Ask yourself these questions:

  • What is it that you want to do with your life?
  • What would it take for you to wake up on Monday happy and ready to start your week?
  • What is it that you could do all day and just completely lose track of time?
  • Now identify how can you make money doing that.

The Law of Attraction says that what you focus on you’ll receive more of. So if your focus is on hating your job, that’s what you will get more of – hating your job.

So make your focus “loving what you do” and just imagine what you’ll begin receiving.

If you need help here make sure you download our free workbook on “Breakthrough Your Fears and Step Into Yourfree workbook What we can learn from the Sims™ game. Brilliance.”

The exercises in this workbook will help you identify what your unique abilities and strengths are, and may even help you identify your new career path.

 

Is Entrepreneurship the New Women’s Movement?

womenInbusiness 300x300 Is Entrepreneurship the New Womens Movement?Women are making great strides in entrepreneurship.  We are starting businesses at a higher than men now and according to research women will create over half of the 9.72 million new small business jobs expected to be created by 2018.  That’s only 5 years away!

So where will you be in 5 years?

Will you be closer to your dream or still running from it?

 “Within our dreams and aspirations we find our opportunities.” ~ Sue Atchley Ebaugh

I think what this quote means is that if you’re looking to start a business but not sure what to do – look to your dreams first.  Listen to that voice inside of you that is trying to tell you…are you listening to it?

Many women today are starting their own businesses to live the life they want.  They want the freedom that a home based business brings them.  Imagine a life where you are spending your days doing what you love.  Are you imagining it?  What does it look like?  Where is that feeling in your body?

If that feeling gets you excited than you’re ready!

So here’s your exercise today…

  1. Get Clarity: If you haven’t already downloaded our free workbook “How to Breakthrough your Fears and Step Into Your Brilliance” workbook than that is the first start.  This workbook will help you identify your strengths and give you some clarity into a potential business opportunity. www.smartwomenscoaching.com
  2. Stop Wanting:  You will need to shift your mindset from “I want” to “I have”.  Wanting things only manifests more want in your life. You have to believe it to be yours. Write down how many times a day you say “I want” then shift that to “I have”.
  3. Shift your energy: We spend too much time in our head thinking and not enough time in our body feeling.  When you have trouble with all the “mind clutter” take a moment to breath or meditate.  Take deep breaths and release those thoughts.  Become conscious of your surroundings.  Listen to our interview with Joshua Bloom and Quantum Energy shifting and read through these last few articles to get Some great tips.
    Are you feeling the shift?
    Life Detours
    Three steps to manifesting

 

When the new research comes out in 2018 will you be in that statistic?  Will you be one of the new small businesses owned by women?  I believe in you…do you?

To help you get started I have a fabulous home study course and for a limited time I am including a 30 minute clarity session with me.  And in my upcoming ezine I’ll have a special coupon for this program.  So if you’re not receiving those visit www.smartwomenscoaching.com right now and sign up!

Visit www.GetClarityNow.Com for more information about this home study course.

Are you feeling “The Shift”?

Dream Job Shift1 Are you feeling The Shift?I was talking with a friend yesterday who told me that she had lunch with several women in their 50s and 60s who were all talking about their “Dream Jobs”. 

This is the new paradigm ladies!  We are being called to step into our greatness like no time before and it is creating all kinds of stress, self-doubt, overwhelm and anxiety because even though our soul is calling out to be heard, our ego is trying to protect us and keep us safe.

The problem is that playing it safe or playing small is no longer going to work and the more we try to stuff down these feelings, the more anxiety we will create. I know, I have been there, and it’s not a pretty site! Believe me.

What I am finding in the work I do, is that women are being called to step into their brilliance and to fully align themselves with their divine purpose – and that’s simply doing what you came here to do in an authentic way that brings you joy, ease and abundance. When you do this, life actually begins to flow and making money becomes fun and effortless.

Six Pillars 300x297 Are you feeling The Shift?It’s possible, and I have figured this out for myself.  I call it The Six Pillars of Awakened Prosperity System™.  It’s the process I have used over and over in my life.  It has helped me get to the next level every time and has brought me through some of the most difficult times in my life.

When we surrender to the process and look for the gift in every single experience, something magical happens. The gift becomes our greatest teacher.

Discovering our purpose may not be easy for some.  Like any journey, there are trials and tribulations.  There is a secret to this process, and it takes trust, support, and the guidance from someone who has taken the path before you.  Without this guidance and support it doesn’t matter how rich or successful you are, you end up with all kinds of self-doubt and limiting beliefs that slow you down and bring you to your knees.  It happens to all of us.

In fact, it just happened to me a few weeks ago, but I had a plan, and I took action immediately. 

I went to our Website www.smartwomenscoaching.com and downloaded our free workbook called Breakthrough Your Fears and Step into Your Brilliance”.  I went through the workbook myself, right then and there and what I realized was if I was having this problem, then I knew others were too.  The more women I asked, the more I saw… this was a major issue.  If you haven’t already downloaded this free gift I recommend you visit www.smartwomenscoaching.com now and get it.

The secret to living your joyful and abundant life is so simple if you follow the process.  We can’t wait to share this Six Pillars of Awakened Prosperity System™ with you!

I believe there is a huge spiritual shift happening on the planet both in how we make money, how we do business and how we live our daily lives.  We are shifting from competition to collaboration, community and co-creation.  Those who have learned how to be part of this process, rather than fight it are seeing huge shifts in every area of their lives.

Can you feel “The Shift”?

 

 

If you’re looking to gain clarity and help with this shift you may be interested in my home study course “Get Clarity Now”.  Visit www.GetClarityNow.com for more information.

 

 

Three Steps to Manifesting Effortlessly

Magic Wand Three Steps to Manifesting EffortlesslyHave you noticed how some people seem to be able to make money and have success magically?  It’s seems effortless too.  Then others seem to struggle each year feeling like they need to create another mountain.

How are you feeling about 2013?  

  • Are you feeling excited and inspired?
  • Or are you feeling stuck, overwhelmed and uninspired?

So many people are being called at this moment in time to step into their brilliance, to step out of their comfort zone and to do things they have never done before.  It’s doing what you came here to do – your purpose.  Often stepping into this place will take courage to do things you’ve never done before, confidence to stay the course even when it seems impossible and clarity to know what and how to do it.

We usually think of January as the time for beginnings and for making resolutions, when this time of the year is actually the perfect time for finishing up projects, reviewing the past and preparing for the future.  We have just finished the harvest and it’s time to rest, celebrate and review.  The spring is actually the perfect time for new beginnings.  So take this time to prepare for a magnificent year but do it in the right way, so you don’t get frustrated and give up. 

My New Years gift to you is my three step process to manifesting a dynamic 2013.  It’s so simple, but it will take time and you will need to be consistent.  If 3 Steps to Manifest 296x300 Three Steps to Manifesting Effortlesslyyou do it, I promise, it will change your life.  However, 80% of us won’t do it. 

STEP #1:  PAUSE – Before focusing on 2013 – schedule time to review 2012

  • Track where you have been.  What went well and what didn’t.  
  • Celebrate your successes.
  • Find the gift in your failures because they are your greatest teachers.  
  • Release anything that is no longer serving you.  
  • All of this will increase your confidence, clarity and results for 2013.

 Step #2:  Plan – Schedule a Full Visioning Day

  • Envision what your ideal year would look like.  What would you be doing, how would you be experiencing each day and who would you love to be around in your life and career. 
  • Create a bold income goal for yourself.  It should be a stretch but not unrealistic.
  • Commit to a bold savings goal.  Saving just $10/day for 20 years at 10% will give you over $200,000.  
  • Starting with the end in mind create a step by step plan for 2013.
  • Join our Free Teleclass on Women in Transition and watch for details about our upcoming Visioning Workshop.

 Step #3:  Breathe – literally

  • Make time every single day to get clear, to become present and to get grounded.  If you meditate, exercise or do yoga, then you understand the power of breathing. 
  • Most of us breathe from our chests and spend 95% of our time on autopilot – functioning from our subconscious.  We spend only 5% of our time “in our bodies” functioning at a “conscious” or “creative” level.
  • Learn how to shift your energy, release limiting beliefs instantly and become fully present, so you can create and manifest from a place of total confidence and clarity.  This power is within you and when you learn to master it, life begins to flow; you learn to be authentic and vulnerable.  You will begin to operate from your soul rather than from a place of fear or ego.  
  • We have interviewed dozens of mindfulness experts on our radio show, Smart Women Talk, including Quantum Healer, Joshua Bloom on December 18th, 2012.  Click here to listen.

These three steps will literally change your life, but you must schedule the time, follow the process and it will take discipline.  

I have created a six step process that takes you through the Dream, Discovery, Leap, Plan, Dance and finally to Mastery.  Watch for an opportunity to learn more about the process later this month as we go through it together. 

Promise yourself to schedule time to Pause, Plan and Breathe and make 2013 your best year ever!

Click here to register for our *Free* Teleclass on “Women in Transition: A Guide to Living a Life of Purpose, Passion, and Prosperity.”

 

Why do we cut off the ends of the pot roast?

Michelle here…and as an efficiency coach here at Smart Women’s Coaching® I usually look at the oldest processes in your business first.  You know…the ones you’ve been To Do List 150x150 Why do we cut off the ends of the pot roast?doing for so long that you don’t even think about them anymore.  You may not even remember how they got started.  It’s just the way you’ve always done it.

So it may be surprising to hear that it’s probably where the majority of your efficiency gaps and energy wasters will be found.  Technology is always improving, updating and making things easier and yet most people will insist they don’t have the time to learn.  The fact is you can’t afford the time that’s being wasted by not learning.

Whenever I hear “That’s the way we’ve always done it” I know that I need to address that process first.  It always reminds me of a funny story I heard many years ago. It goes like this…

A mother was teaching her young daughter how to make a pot roast.  The recipe was a very old recipe that was handed down from generation to generation and it was a tradition to teach the younger women in the family.

“The first thing you must do”, said the mother “is cut off the ends of the pot roast.”  The daughter, curious as to old recipe box 300x225 Why do we cut off the ends of the pot roast?why that was necessary, asked her mother why they had to cut off the ends.

The mother replied, “That’s just the way we’ve always done it.  My mother did it that way and her mother did it that way”.

Not satisfied with that response the girl went to her Grandmother and asked the same question. “Grandma, why do we have to cut off the ends of the pot roast before we cook it?”

Her Grandmother gave her the same answer…”That’s just the way we’ve always done it.  My mother taught me to do it that way.”

Still not satisfied with this reasoning, the girl finally went to the source of the recipe…her Great-Grandmother.  “Great Grandma, I would like to carry on the tradition of your delicious pot roast but I have a question for you.  Why do we cut off the ends of the pot roast before we cook it?”

The elder woman of the family gave this great insight into the mystery of why they’ve ‘always done it that way’…”Oh honey”, she said, “When I was first married, the pot I had wasn’t big enough for the whole pot roast so we always had to cut off the ends so it would fit in the pot.”

So you see, just because you’ve ‘always done it that way’ does not mean you should continue to do it that way.  (Think of all that wasted pot roast.)

Now take a moment to think about some of the tasks that you perform that you’ve always done a certain way.

  • Can it be updated with newer technology or programs?
  • Is it possible there’s a better way to do it but you haven’t taken the time to learn how?
  • Can it be eliminated all together?

Sometimes it takes someone looking in from the outside to see the problem.

I have helped many people simplify their systems freeing up time, saving money, and improving productivity.

If you’d like some help finding your efficiency gaps and energey wasters then click the link below and schedule a consultation to see how I can help you.

And catch yourself the next time you say “It’s just the way I’ve always done it.”

Book with Michelle Why do we cut off the ends of the pot roast?

 

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Success Stories
Katana Abbott
“Katana has the ability to take your dream to reality!

As a Vision Coach with Smart Women's Coaching she coaches you through a process that allows you to do your greatest life work while creating tremendous wealth. Having a steep financial background coupled with a vision to help others "see" what gifts they have, Katana will change your life and unlock the secrets of successful high earners.” 
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