Low Budget Blues

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 140-May 20 “More than ever before, Americans are suffering from back problems: Back taxes, back rent, back auto payments.”—Robert Orben Low Budget is a useful tool for occasional use. But too often I see people with the Low Budget Blues. They’ve gotten into the habit of Low Budget. They think poor: Tighten the belt, do without, never buy new, can’t afford it, shop at garage sales, eat cheap, sleep cheap, think cheap. It’s great to be able to do this during a recession, a cash flow problem, between jobs, after a loss, or to save additional money for a large purchase. But too often people buy into Low … [Read more...]

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...]