Maple Valley Money

Financial Mistakes and Why They Matter…
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February 24th, 2010 at 8:25 pm by Stanette Marie Rose

We all know over the past decade we have been ill advised and made mistakes along the way with our credit, finances and investment dollars. It is essential to recovery that we recognize our mistakes talk about them and discover a new, wiser course of action.

The biggest mistake of all is to somehow glance over a mistake, hide it and even pretend it never existed. Like anything that we keep unconscious believe me financial mistakes regarding your credit, finances and investment dollars if left unconscious will rise up to live and ruin again your financial security. Along the way of acknowledging a mistake comes an AHA! moment and GREATER learning!

You, your family and business deserves to succeed beyond your wildest dreams but acknowledgement, close scrutiny and telling the truth about mistakes must come first. A mistake is a natural process in creativity...as one amazing painter, Pollock said, "My paintings are the absence of mistakes". Looking closely at his work you understand the natural law of his art. Money believe it or not is like art....yes there is the counting and saving and the investing but there are also other factors too.

Among these are over leveraging, too much unsecured debt, too high of interest rates that drain away at the principal and business expenses such as over priced bricks and mortar.
Sometimes financial triumphs feed the ego a lie.

The financial wins tell us they will continue on forever and that while your winning big with money you deserve and are entitled to even more...."Go ahead a debt a little and a little more." The lies the ego tells regarding money are endless...
Sometimes financial triumph breads lies of fear the ego eagerly supports.

The financial surplus is welcomed then quickly drowned in fear messages that it will all soon go away...
"Hide this money! Hoard it! It will be lost soon enough forever!" This causes deprivation and is the mirror image of the ego's other message of overindulgance.
No matter what there are mistakes being made until we regain health and balance with our finances.

After a few cycles of mistakes we realize we are going to have to learn a new way of health and balance with our money if we are to create a true sense of security.
Accept your mistakes, see them for what they are and make note.
Literally write down your financial mistakes and tell the truth to first yourself and then a trusted advisor.

Financial advisor, pastor, therapist...spouse...be sure to tell the truth to someone. It may be emotional but in the long run it is so worth it to get it out there what it is you did you feel is a mistake around money over the past 2-5 years and then work on a plan to learn a new way. Learn to be inspired by your mistakes! Yes! It is possible to be inspired by your mistakes.

For some this will mean going on a strictly cash basis for all outflows.
*Credit cards must be put away especially all unsecured debt.
*Using a ledger to track every expense allows you to get clean and sober about what you spend money on and why. Spending plans are an incredible tool to creating and learning the truth about your finances.
*Dollar Cost Average back into your 401K, Retirement and Estate accounts...there truly is only one way to rebuild and that is by rebuilding!!!

"It takes courage to admit that you have been doing something wrong, to admit you have something to learn and there is a better way." W. Edwards Deming

"When you come to fork in the road, take it." Yogi Berra

Every blessing to you and your family,

Stanette Marie Rose
CEO/Founder
Maple Valley Money

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