Get Your Money $hit Together Day 13 Activity
BUILD YOUR FINANCIAL BASIS
Now that you have made it through the “looking” and “collecting” phase of your financial data, we begin to take a look at this data each day to see where we may want to tweak, adjust, change, or totally recreate the picture we have created. The more changes you wish to make, the more time and grace you will need to offer yourself to make this work.
**The worst thing you can do is stress yourself out about any gaps or changes you see you need to make. This is a process, not an end game. Offer yourself the space, grace, and time you need to make these changes to fit your life. We NEVER fit our lives to our money in this course. NEVER! We ALWAYS shift our financial situations to fit our lives. Even if it feels like a temporary adjustment in lifestyle while you set up your components to be how you wish, you are still choosing based on where you are going with your life and what you want from it. Today, simply notice what it takes to build the financial basis you need and begin to choose your method(s) to get there. Ready? Let’s go…
Look back at the financial data you have collected during this money challenge.
What are your total expected expenditures during a typical month?
(aka, how much do you expect to spend each month?)
What do you spend most of your money on?
Does this expense strategy work for you given the amount of income you want and the lifestyle you wish to live? Why or why not?
What is your total expected income during a typical month?
What is your main source of income? Is it sustainable (likely to continue)?
How many sources of income do you have?Which source of income do you enjoy earning the most? The least?
If something happened to one of your income sources, what adjustments could you easily make to continue living your life as planned?
How much are you saving each month based on your current plan?
How much have you saved for emergencies? For opportunities? For other upcoming events?
How do you feel about how much you are saving?
How many months would you be able to live and pay your expenses if something were to happen to your primary income source? Does that amount of time feel good to you (e.g. do you feel confident you could replace the income in that amount of time)?
Looking at the stability of your financial basis as of now, what are the top 1-3 changes you will make over the next months to improve your base?
Choose one action and begin the first step today.
Here are some examples to get you started:
Remove something from your expenses.
Pick up a side gig to add more cash flow
Adjust a subscription or monthly expense item
Increase savings amount
Begin an opportunity fund
Shift from dining out and begin making one meal/coffee from home per week.
SET YOUR ENVIRONMENT FOR SUCCESS
Prepare your space so you will not be interrupted. Use your favorite scents, sounds, and temperature so you will feel supported by your environment. Set a timer and write for an amount of time that feels good to you. I usually choose 27 minutes because I love that number. Don’t feel compelled to answer everything in that time. Just write. You can set the timer as many times as you need to finish. At any time you feel tired or like you do not want to keep writing, take a break for now. Decide when you will return to writing, and keep that small promise to yourself when that time comes. That’s it. You are ready to complete this activity. Enjoy!!
Sometimes when you begin to imagine your dream life, you may find some blocks coming up that limit you from believing what you want is possible. For now, allow yourself to dream. Don’t worry about “how.” Funding your dream starts with opening to all possibility before we judge any options. Pretend that anything you can imagine is possible, and go all in imaging all the ways you could fund your dream. If you find you need support in this, reach out and our team will help direct you to the best support for your needs we know.
When working through this lesson, you may wish to have a bit more on the subject.
I recommend chapter 12 of my book “The Money Shot” called “Diversify your income” for a longer read on this topic.
If you are looking for the specific strategies for increasing income, check out “The Money Makeover” a simple read with lots of value.
You may also check out Robert Allen’s book “Multiple Streams of Income” for even more.
For more support using the worksheets provided, you can check out the tutorial in our library. https://askprofessorg.com/library/
To see some of the principles I follow for financial guidance, read
Tips for ways to complete this exercise
- Solo—doing this alone and with plenty of space is preferred, at least in the first round. Spending time with yourself can offer you some deep insight into what you want when there is no one else to please with your choices. I recommend doing this solo as a first pass, and then getting into some activities you enjoy with people you love and see what else comes up for you that you didn’t think of before. Maybe you discover you love roller blading and want to live where there is a place to go near you home. That would be a great wealth component to add.
- Partnered—once you have given this some thought by yourself, you may wish to engage someone to share your vision with. For some, the vision is too delicate to share, and that is okay. Share it with your mirror. There is value in sharing what you want out loud and receiving support from those who listen. Be sure to set the stage for success, however. Choose someone who will support your vision and dreams, and not someone who will judge you or try to insert their idea of your dream. This is a listening exercise…and just maybe you can dive in together and do a bit of crazy dreaming together if you want to expand your ideas a bit.
- Group—again, after some personal reflection, it can be powerful to bring your vision before a small group and receive love and support for what it is you are creating. Doing this exercise with a group holds the power to create collective energy for your dream life. Keep in mind, as with partners, it is critical that all members of the group are there to support only. This is your vision. Allowing a group to expand your ideas is awesome. Letting a group tell you what is best for you is not. Hold to your own feelings and decision about your dream as you step deeper into your wealthy life. You’ve got this!!!
Remember to come share you insights, wins, questions, and breakthrough on Instagram and tag us @thegypsyprofessor using #moneychallenge so we can find you.