Pleasure Purchases

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 139-May 19 “The poor man is not he who is without a cent, but he who is without a dream.”—Hugh White Annie the artist was concerned about the difficulty of selling art. The other members of the mastermind group listened attentively, ready to offer help. “I just took a great marketing class, said Annie, “and I’m having a difficult time coming up with a pain statement—a reason why people should buy my art because it will alleviate a pain they have. All around me I see people struggling with money and I can’t convince myself that they need to buy art. This makes selling art very difficult for … [Read more...]

Create What You Want—And on Budget, Too!

Poker on cruise shipUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 138-May 18 “Our Accounting Department is the office that has the little red box on the wall saying ‘In case of emergency break glass.’ And inside are two tickets to Brazil.”—Robert Orben As I work with people to help them reduce their financial stress, I look at the choices they’ve made that put them in a financial position that isn’t viable. One of the problems that seems endemic is the mental habit of considering only two options before making a decision. When I question people’s choices in spending, they always have an answer of the other choice they considered that was worse: “I … [Read more...]

Find Another Way to Have What You Want

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 137-May 17 “It is surprising how many improvements can come out of things that go wrong.”—Anonymous In the end, financial stress reduction is simply this: Earn more Spend less Find another way to have what you want When we’re doing all we can to satisfy the first two requirements and yet when we see things we want that cost money, what can we do to stay within our budgets and still get what we want? This is where you earn your graduate degree from M.S.U. (Make Stuff Up). In the habit of spending a lot of money on clothes? Learn to sew, or trade services with a friend who sews. Buy too many … [Read more...]

Forgive Us Our Debts

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 136-May 16 “If you think nobody cares if you’re alive, try missing a couple of car payments.”—Unknown I know what it’s like to be unable to pay your bills. In fact, things once got so bad for me that I filed bankruptcy. I had been on top of the world. My bookkeeping service had doubled every year and was now generating approximately $450,000 per year. I had twelve employees and a beautiful new office suite. But I had one major client who accounted for 75 percent of my income, and when they left with a mere two weeks notice, disaster loomed. Since I was absolutely strapped for cash, having been left … [Read more...]

The First Three Things Lottery Winners Do

From Worry to WealthyUpdated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 133-May 13 “I’ve been rich and I’ve been poor. Rich is better.”—Sophie Tucker Your wildest dreams come true: You pick the winning numbers in the lottery and suddenly you are a millionaire! Now what? What do you do first? There was a study several years ago that determined the top three things that most winners did—and nearly 90 percent did all of these three things. I will list them for you in reverse order, a la David Letterman: #3. They buy a new car. #2. They take a trip. If they were married with children, they go to Walt Disney World in Florida. If they are married … [Read more...]