Your New Money Story by David Krueger MD

Your New Money Story by David Krueger MD

Author:David Krueger MD [Kruege, David]
Language: eng
Format: epub
Publisher: Rowman & Littlefield Publishers
Published: 2019-03-07T16:00:00+00:00


Compromises Inventory

Compromise: Something you tolerate that takes time, energy, peacefulness, or money from you in a recurring, unsatisfying way. Compromises seemingly avoid conflict and strive to create a certain appearance.

Compromises of money behavior can be a result of using money to regulate mood or of equating money with many of the things that inherently have nothing to do with money.

Compromises of financial decisions can include not having a money mission statement, lack of a specific plan and goals, or engaging in one of several emotional fallacies regarding finances.

Compromises can result from disregarding a personal need or being disloyal to a personal ideal.

In the exercise that follows, list your three most significant current compromises of money behavior or financial decision making.

Design a time goal by which you will resolve, reframe, or accept each compromise to reclaim the engagement and energy given to it.

Choose to resolve it by a certain date, for example, to make a budget within seven days.

Reframe the toleration by moving resolution to a certain future date to avoid its being a daily energy drain.

Distinguish reframing from procrastination.

Or accept a concession that you have no control over and cannot determine, such as the economy or taxes; move it to the acceptance list to disengage from it.



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