The Q&A Forum #6

Welcome back! This is the last video in our Q&A series where you get to ask us your money questions.

In this episode David from Christchurch, NZ, asks, “What is the best way to pay myself from my business?”

Then Anne from Perth, Australia, wants to know how much of her income should she allocate to paying off debt.

Did you miss out on sending us your question?

No problem, if you still have a question for us, send it to hello@moneymentalist.com and we will be happy to answer it for you.

See you in our next series!

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The Q&A Forum #5

Hi, welcome back.

This is the 5th video in our Q&S series where you get to ask the questions!

This week we have two questions, Monica asks, – I love going out but I always seem to spend too much money. What can I do about it?

Then Stacey’s question is, – I have a lot of small debts, should I consolidate then into one?

There is one more video in this series, so don’t be shy, send in your question, nothing is too small.

All questions will be answered by email. So, send any query you have to hello@moneymentalist.com

Keeping Up With the Joneses

keeping up with the Joneses

Conspicuous spending or Keeping up with the Joneses and using money as a status symbol, used to be thought of as the prerogative of the rich and famous. Well not anymore.

Why do we feel the need to be keeping up with the Joneses?  We see it frequently with clients, “We couldn’t possibly cancel the holiday, it simply wouldn’t look good.”

So what!  What is more important looking good or staying afloat financially?  Well, it seems for many people, it is looking good in the eyes of others. Continue reading

Gender Roles are Alive and Well When it Comes to Money!

gender roles

It’s your first date, you have had a lovely meal and the bill arrives. What happens next?

According to a survey by Nerdwallet in 2014 (1,000 respondents in the USA who are in a relationship) 77.4% believe that the man should pick up the tab.  It looks as though traditional gender roles when it comes to money are alive.

Both men and women think this, but men are a little more likely to think this way. Continue reading

3 Things to Improve Your Money Happiness

money happiness

Candidsnapphotography.com

“l’ll be happy when I get the pay rise” or “I’ll be happy when I get a ………”  Just insert whatever the word is for you.

Why do so many of us wait to be happy?  What is wrong with being happy right now?  And, why do we look to money to make us happy? Continue reading

Three Critical Rules of Money Management

coins_2Happy New Year!  We hope that you have had a fantastic time over the Christmas/New Year period and enjoyed a least a few days off.

It’s (late) January, a time for reflection about last year and looking ahead at self-improvement for this year.  Once you have worked through the diet and exercise goals (they always seem to be fairly near the top of my list), there’s the money planning for the year.

Here are the Three Critical Rules of Money Management that you need to incorporate into your planning.

Continue reading

What does wealth mean to you?

Typically in our society wealth is equated with how much money we have.  Wealth can mean different things to different people and what it means to you comes down to your core values.

key to wealthAs a money mentor I love to listen and learn from as many different experts and  differing perspectives about money as I can.  So it was with eager anticipation that I attended Dr John Demartini’s recent talk on wealth in Auckland.

I wasn’t disappointed, it was fascinating. I could really relate to what he was saying.  It isn’t just about changing your money behaviours, you need to go much deeper than that and explore your beliefs and core values.

When you ask a room full of people how many of them want to be financially free most of the room put their hand up.  When you ask the same room to put their hand up if they are financially free, very few do.  Why is this? Continue reading