Saturday, January 5, 2008

Money Saving Secret - FOCUSED EMOTION

So, I was sitting in my easy chair, surfing the web, trying to decide what I was going to blog about today. I like to multi-task, so I was catching up on the news, visiting some airsoft forums, checking out what tomorrow's CrossFIT workout was gonna be, etc, and I decided to visit a favorite site of mine...Dave Ramsey's site.

For those of you not familiar with Dave, he's a heavy hitter in the world of personal finance. He is the author of "Financial Peace University", and outstanding 13 week course on getting your finances in order. This is what jump started my wife's and my financial journey. He has his own radio show, and makes numerous guest appearances on television, including Oprah. I do not agree with him in everything he says, but most of it is great stuff.

Anyway, he was able to put into words, something I had been thinking of a way to describe, but I couldn't figure out how to do it(maybe it's the sleepless nights with a 3 month old). Saving is simple, but it takes discipline. Anybody can do it, but what motivates the actions of saving and the discipline to put them in to action (as Jeff Olsen says, "Something that is easy to do, is also easy NOT to do!")? Dave has the answer:

Saving money is not a matter of math. You will not save money when you get that next raise. You will not save money when that car is paid off. You will not save money when the kids are grown. You will only save money when it becomes an emotional priority...The secret to saving? FOCUSED EMOTION. The secret to saving money is to make it a priority, and that is done ONLY when you get some healthy anger or fear and then focus that emotion on your personal decisions...
Read Dave's full article here.

Eureka (there I go using that word again), that's it!! That was what I was trying to find a way to express. Ask anyone, and almost all of them will tell you they want to be wealthy. Many even have the knowledge and skills to get them there. But they lack the emotional motivation to do what needs to be done (legally and ethically) to reach their dreams. As a friend of mine, Darin Kidd says, "Their why isn't big enough!" other words, what they want do be able to do with that wealth (or whatever else their dream or goal is), is not tapping and driving their emotional level to the point that they take action to do the things that need to be done.

Fuel your emotional drive, and you can save money, and SAVING MONEY is MAKING MONEY!


Tenacious said...

I have read and researched many money related course and have taken value from them all. The best thing I learned from the "Rich Dad, Poor Dad" series was how we emotionally look at money.
Things like "money is the root of all evil" etc surely change the way we view money.

Steve said...


Thanks for stopping by, and leaving a comment. You are entirely correct, we need to change our emotions about money. Your example is a perfect one, and is often misquoted. Money is not the root of all evil, it is the LOVE of money that is the root of all evil. Money in and of itself is is when we let our negative emotions run our lives, and that "love" is so strong, we allow it to drive us to do things we would not normally do.

Thanks again for stopping by, and I hope to earn your continued readership.