Guest Blogger, Kelsa Dickey - Fiscal Fitness
Thomas Powell said, “Successful people do what successful people do, and failures do what failures do and if the failures did what the successful do, the failures would be successful.” It only makes sense, then, that we should mimic the habits of successful people. Fake it ’til ya make it! "
Therefore, I compiled a list of habits financially successful people execute brilliantly.
1. They set financial goals- both short and long-term! They have goals (or at least a vision) for next month, next year, next decade, and even the next stage of their life.
2. They spend their time productively managing money, not worrying or stressing and certainly not ignoring it.
3. When making financial decisions, they take their time, do their research, and make informed, calculated and logical decisions. Once they determine the best option, they act swiftly and confidently.
4. They communicate with their spouse or significant other in a positive, supportive manner. They fund each other’s goals even if it means delaying their own temporarily. And they teach their children how to be financial stewards too!
5. They use cash for everyday purchases. (Not credit cards-here’s why.)
6. They keep their recurring, monthly expenses to a minimum. Maintaining a low cost-of-living leads to greater flexibility and more money for future goals.
7. They realize progress can be small or slow but this won’t stop them from working at their goals.
8. They save or spend on what is important to them, not necessarily what others around them are doing. They don’t compare themselves to others and they value what they have.
9. They see how small habits affect the big picture but don’t focus on every little dollar. They don’t strive for absolute perfection. If they have a bad month, they do better next month. They don’t lose sight of the bigger picture when something bad happens. They stay positive and hopeful while continuing their good habits.
10. They learn from past financial mistakes (debt, waiting to save, over-spending, etc) but don’t dwell on them.
11. They surround themselves with experts they can trust and confide in. (Here’s a good list!)
12. They maintain the first 11 habits even when the going gets tough.
Kelsa Dickey is the Founder of Fiscal Fitness Phoenix based in Phoenix, Arizona. Her passion for helping people with their daily finances began when, as a middle school student, she witnessed her mother going through the bankruptcy process. Kelsa went on to earn her Bachelor's degree in Finance and then onto receiving her MBA. She has spent more than 10 years assisting others in tackling their money. She originally served clients in the Financial Planning and Accounting fields before launching Fiscal Fitness Phoenix. Kelsa is not your typical Financial Coach, she helps transform the way people approach their finances and assists them in changing their overall feeling about money.
In her spare time Kelsa enjoys hiking, reading, watching movies, traveling, and spending time with her daughter, husband and two dogs.