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Monthly Archives

April 2013

Invest In Yourself

By | Advice from Julie Murphy Casserly, Blog, Rich but empty | No Comments

What do you want to do with your money? Notice I didn’t ask you what you were supposed to do or what your parents said you should do with your money.

Often times in our quest to create a life that we desire, we somehow find ourselves on a path that looks a lot like the one someone else would have for us. Joining the family business is important to dad, so we go to law school. Mom was married with two kids by 30, and she doesn’t let us forget it. And our friends all have their first homes under their belt and we couldn’t imagine being left behind.

Our desires sometimes get buried by the opinions and even actions of others. In some cases, having money makes it harder to create our ideal lives. Joining the family business or marrying an approved partner overrides everything, especially if your idea doesn’t align with the popular opinion.

If you’re reading this blog, it’s safe to assume that you are tired of settling for the financial status quo in your life. You’ve spend time feeling lost, empty and confused; you have money and money creates opportunities, but you are still uncertain on how to use your money to live the life you want. Or maybe, you’re not sure what exactly that “ideal life” even looks like, let alone how to get there.

As you know very well, it’s not about the money you have. It’s about what you do with it. The best investments in life you will ever make are the ones in yourself: your happiness, your health and your passions. So where exactly should you start making investments? Here are a few fun ideas and exercises to get you started.

Think outside the box
The luxury of having money is that it affords you a little creativity. You don’t absolutely have to do any job that doesn’t appeal to you just to make ends meet. Start looking around your current life and asking open-ended questions about everyday things. Push yourself to be as innovative as possible. Thinking outside “the box” stimulates personal and professional growth.

Take a class
Not something your mom says you should. Or something that you go to just because you’re friends are going. Taking a watercolor painting class or volunteering at the local YMCA probably won’t directly lead you to a specific career. However, tapping into your creative side opens your mind to different possibilities and even open up avenues not available to you before.

Do some soul searching
What was your favorite childhood activity (aside from eating ice cream and catching fireflies!)? Go through old photo albums and check out scrapbooks you made when you were younger. Go through all the different activities you were involved in and write them down on a piece of paper. Then, use some innovative thinking to figure out how to recreate those past loves as an adult. So what are you passionate about?

Be grateful
When we are having feelings of inadequacy in one area of our life, we may begin to view other things from a negative lens. When this happens, force yourself to look at the good people and things in your life with eternal gratefulness. Focus on a different type of abundance; look for things in life that fill you with happiness and instill peace. Being genuinely grateful for the mass abundance you already posses opens the door for more abundance to flood every area of your life.

Having money doesn’t automatically assume happiness. You earned the money you have through hard work, sacrifice and dedication. Now, take the time to do the same thing in your personal life. Cultivate creativity in every way you can, don’t shy away from trying new things and be grateful even when you’re don’t feel it. Creating the life you desire is absolutely possible; you simply have to choose it.

Work It Out or Act It Out: Retail Therapy

By | Accumulators, Advice from Julie Murphy Casserly, Blog | One Comment

When was the last time you purchased out of boredom? How about unhappiness? Or to make yourself feel better? For many of us, shopping is more than just a way to grab a few necessities; it’s a hobby, a lifestyle and our favorite thing to do! Almost the moment we step foot out of our homes, we are surrounded by opportunities to spend.

Grocery stores fill the checkout lines with magazines, candies and small gadgets (just in case we “forgot” something). Gas stations are small-scale drug stores. Even our cell phones offer us opportunities to do some serious damage to our bank accounts without even leaving our beds!

The advertising industry will make you believe that you need something. Often when we are spending on things we don’t actually need, we gauge our want on our emotional state. When was the last time you justified an expensive (and out of your budget) purchase with a “I had a rough day and I deserve it” excuse?

If you have a closet full of clothes with the tags still on them (or a ton of fun tech toys that you barely use), you fall into the accumulator category. Often, accumulators of stuff are trying to cope with other issues in their lives by spending. More specifically, they spend excessively to deal with their inner pain and discomfort.

Most unhealthy behaviors are the result of emotional conflict or unrest within the individual. Don’t let capitalism override your sensibilities. Accumulating a lot of stuff may bring you a feeling of comfort in the moment of spending. It may even make you happy to see the things in your home; possessing a lot of stuff can have the affect of making you feel valuable and important. But remember that the root of this issue isn’t positive; it’s detrimental to both your bank account and your emotional stability.

You are more valuable than the dollar amount hanging in your closet. The price of your car has nothing to do with your worth as an individual. Accumulating a lot of stuff may satiate your appetite for a moment, but you’ll be left with the same negative feelings after the rush dies down.

Action step

If you’re struggling with spending, here’s a great exercise to try. At the beginning of your next pay period, get $100 in cash out of your bank account and keep it in your wallet. Don’t spend it. Examine the wave of emotions that come over you throughout the week in relation to that money.

This is a good exercise in uncovering money emotions you may be unaware of you. Will you end up spending the money? Probably. We all succumb to money stress sometimes, especially those of us who have a habit of spending. But keep doing this every pay period. Eventually, the urge to spend that money will subside.

Live The Life You Desire.

By | Vlogs | No Comments

With the markets being up lately, it’s easy to feel like you don’t have to stick to the intentions and goals you’ve made for yourself. Continue to live by these intentions and stay on track. Doing so will allow you to live the live you desire.

Julie Murphy Casserly (CLU, ChFC, CFP®) is a 17-year veteran of the financial services industry and has often been referred to as a financial healer.  She is turning the personal finance industry upside down by de-bunking standard financial planning processes and educating people about a new way of finding financial success.

Dream with a Purpose

By | Advice from Julie Murphy Casserly, Blog, Dreamers | No Comments

Lately, I’ve been posting a lot of questions on my Facebook profile that basically asked how your life would be different if money weren’t an issue. The answers spanned everything from going back to school to owning a business to a luxurious life on the beach.

We all have dreams for our lives. As children, we dreamt of what we would be doing as an adult. As we got older, our dreams evolved along with our realities. How have your dreams changed in the past year, two years or five years? Or more importantly, how have you handled those dreams.

I don’t believe desires are placed on our minds and hearts for no reason. The things that aren’t meant for us to be doing always have a way of sticking around in our lives in some shape or form, even if it’s just a thought that keeps creeping back into our minds. But instead of entertaining the desire as just “a useless dream,” we deem it unattainable and put in the pile of “if my life was different, I’d be able to do that.” But, it’s not…

How would your life be different without the ifs?

Take a moment and think about all the things you would do, if. You’d leave a job you disliked if you had more in savings. You’d go to the gym and lose those 10 pounds if you had more time. You’d move on from a toxic relationship if you had the courage. Well, you do. You have everything you need to get exactly what you desire – your dreams – at your disposal.

More often than not in life, there will be more reasons to not doing something than there are to do it. But if you keep making excuses as to why you can’t create the life you want, you’ll never see that there are wonderful and compelling reasons why you should just go out there and make it happen.

Action step:
Dream with a purpose; instead of thinking about what your life would be like if, take action on those desires! This week, take a baby step towards capturing those dreams. The actions will come with time, but I want you to first change your mind. Rewrite those negative scripts running through your head about what is and is not possible. Remove the hypothetical. Don’t be if; be in, be out, be real, but don’t be if. Speaking in the affirmative opens your life to great things. Changing your words and your mind creates the space for the life of your dreams.