The Daily Meaning
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Have Your Cake and Eat It, Too
A few days ago, I met a woman in Thailand who is familiar with our podcast. It was shocking that she knows who we are - especially on the other side of the world - but her kind words were uplifting and encouraging. One of the things she said struck me. She loves how we continually talk about and teach the importance of being financially responsible……while also living with meaning and enjoyment.
Giving Money a Purpose
Yesterday, I was in the middle of a coaching session with a new client (they are awesome!) when a hugely important topic came up. I was walking them through the idea and execution of sinking funds (i.e. separate named bank accounts for specific categories - travel, house, car, medical, etc.) I don’t remember the exact wording, but to paraphrase, they were curious why someone would do it this way rather than just having all the money in one account and mentally earmarked for future use. I absolutely love this question!
"I Would Have Felt Guilty"
I was recently meeting with a client who just did something out of character for his wiring. He purchased two things that were very much wants. Outdoor equipment and tickets to a few events. On the surface, these are very normal and customary purchases for most people…..but not for him. He’s wired as a big-time saver and these types of decisions don’t come easy for him.