The Personal Financial Attitude

When you take a look at some of the other personal financial bloggers net worth, they are proud to post five and even six figure net worth and gladly put in quotations “If I can do it, so can you!”

Do you believe that? Do you think that one day you, too, can have a six figure net worth to where you can perform the same act?

If you don’t believe it, start believing it now, because for most of those same personal financial bloggers started at a point where they, too, may have thought they were in a situation they could never see themselves getting out of. There’s a good chance a good bunch of us were victims of the negative red numbers.

Take me for example. $25,000 in debt, a negative net worth that almost matched the amount of debt, and look how far I came. On my turning point day, I had to change my attitude. My attitude towards money and my attitude towards life.

A lot of times throughout my life, I hear people say a particular phrase entirely wrong. “Money is the root of all evil.” when actually the true statement is “GREED is the root of all evil.” Don’t believe me? Go and re-read “The Canterbury Tales by Geoffrey Chaucer”. Money is a piece of green paper (well in U.S. denomination, at least) that puts a false value on material and products. What’s so evil about a piece of paper? Money does absolutely nothing but sit there with that particular president’s (or scientist’s, courtesy to Ben Frank) eyes looking directly at us. It is our own attitude that interprets how we look at that piece of paper. It is our own attitude that determines what that piece of paper can do for us. You see where greed falls in? This post isn’t about greed, but yet represents the many attitudes that surrounds money.

Personal Finance is more attitude than money. Personal Finance is more personal than it is finance. In fact, if I had to put percentages on it, I would say that personal finance is 90% attitude and 10% money.

Your attitude is the key on how your money will grow. That’s the secret to it all. If you have a positive attitude, such as being honest with yourself, willing to sacrifice, live under your means, and save what you can. Your money will grow undoubtedly. However, negative attitudes will only cause you to see your money slip away.

Let’s say your lifestyle has changed and you are now saving $20 per month. Only $20. Is that positive or negative? Absolutely positive. You are savings $20 more towards your life than you were a month a ago. That’s $20 per month that will be going into your life, your family, and your future.

Regardless, if you are saving $20 or $2,000, what you must remember is this. It is not the value of the dollar you save that defines personal finance, it is the value of your attitude applied that makes all the difference. Everyone’s case is entirely different and the level of your attitude plays a part as well. If you’re saving $20 when you know you can save more, then re-adjust that attitude and save more. As I’ve said, personal finance is 90% attitude, so money does not always have to apply, if you’re eating healthy 3 days out of the week when you know you can be comfortable with 4, 5 or even 7 days, re-adjust that positive attitude.

Even today, there are a great number of six-figure household families that struggles with more debt than the average $50,000 to $60,000 income families. Do you think it’s because larger funds brings more debt? Not at all, it is the flamboyant attitude of splurging rich that place them in predicaments. I can’t imagine how many times I have watched the Suze Orman show, only to hear a caller cry about massive debts, but brings an incredible six figure annual income.

When it comes to personal finance and financial planning, it does not matter if you’re making $100,000 per year or $10,000 per year, it is your attitude that will define the value of what you are willing to contribute to your life. Even if you’re not able to save a lot, do not get discouraged. Just remember that’s more than what you were saving the month prior.

Good luck out there!

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