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    How Does Your Money Flow? A Mindful E-Guide To Common Saving, Spending, and Sharing Decisions
    How Does Your Money Flow? A Mindful E-Guide To Common Saving, Spending, and Sharing Decisions
    How Does Your Money Flow? A Mindful E-Guide To Common Saving, Spending, and Sharing Decisions
    Ebook50 pages37 minutes

    How Does Your Money Flow? A Mindful E-Guide To Common Saving, Spending, and Sharing Decisions

    By Holly P. Thomas

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    About this ebook

    Planning for your financial future can seem like a drab numbers game. How Does Your Money Flow? takes readers on a journey to discover how much is really enough. Rather than dictate a "Number" everyone needs to live on, you will define for yourself what your life's next chapter would look like. With self-assessment exercises, the book uncovers the true meaning of, for example, home, health, travel, toys, charity, and how money impacts our relationships. With needs, wants, and wishes uniquely defined, you will feel far more prepared to make money decisions. As an excerpt from the book, The Mindful Money Mentality: How to Find Balance in Your Financial Future, How Does Your Money Flow? prepares you to embark on the next step of meeting with a financial professional, or to draft your own financial plan.

    The book first looks at savings decisions, and especially the tension created between saving for children's college and saving for retirement. Next, spending decisions in major areas of life are examined with the angle of understanding where our true sources of happiness lie, and how often we overestimate the money required to get us there. Finally, sharing decisions - whether to give money or lend to family and friends; how much to give to charity; and how to plan for what we leave behind - are discussed.

    Each section comes with self-assessment questions, so that you come away with answers unique to you. Knowing your own level of needs, wants, and wishes, you can then use this knowledge to plan for what you truly need to save, spend, and share; rather than relying on what society, friends, family, or even professionals might tell you. Learn to let your money flow - in and out of your life - in ways for which you have prepared.

    LanguageEnglish
    PublisherHolly P. Thomas
    Release dateJan 15, 2016
    ISBN9780988804913
    How Does Your Money Flow? A Mindful E-Guide To Common Saving, Spending, and Sharing Decisions
    Author

    Holly P. Thomas

    Before starting a fee-only financial planning practice in 2006, Holly P. Thomas, now Holly Donaldson, spent 21 years in banking, primarily with First Union/Wachovia (now Wells Fargo), where she served as a Senior Vice President in the Private Wealth Management division. During her banking career, she was nominated by one of her clients and featured in Inc. magazine as a “Banker You’ll Love.”Holly has been a featured speaker on the psychology of money in diverse venues, from university classrooms to national conferences. Quoted in the Wall St. Journal, InvestmentNews, Financial Advisor, Money, and More magazines, her area of interest is money’s part in family and professional relationships. Her 2013 book, The Mindful Money Mentality: How to Find Balance in Your Financial Future, was called “..a great addition to an advisor’s shelf, as well as a hugely valuable book for clients who are at a personal and financial crossroads” by NAPFA Advisor magazine.Her free monthly e-letter, “The View from the Porch,” received the All Star award from Constant Contact for its content in 2012, 2013, and 2014.Holly holds 2 master’s degrees from the University of South Florida: an MBA in Finance and MIS; and an M.A. in Economics. She received her B.A. in Economics from Davidson College in 1986 and CFP® certification in 2004.A Florida native who studied in India, Holly enjoys cooking Asian cuisine, hiking, birding, and snowskiing. She has no kids, no pets, and all plants entrusted to her care have passed on.

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      Book preview

      How Does Your Money Flow? A Mindful E-Guide To Common Saving, Spending, and Sharing Decisions - Holly P. Thomas

      How Does Your Money Flow?:

      A mindful e-guide to common saving, spending, and sharing decisions

      by Holly P. Thomas, CFP®

      Published by Porchview Publishing LLC at Smashwords

      Porchview Publishing LLC

      2202 N. West Shore Blvd., Suite 200, Tampa, FL 33607 USA porchviewpublishing@gmail.com

      All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without written permission from the author, except for the inclusion of brief quotations in a review. This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to your favorite ebook retailer and purchase your own copy. Thank you for respecting the hard work of this author.

      Copyright ©2015 Holly P. Thomas . All rights reserved.

      The stories and anecdotes in this book are based on true experiences. However, all names are pseudonyms, some stories are compilations, and some situations have been changed slightly for educational purposes or to protect the privacy of and confidential relationship with those involved.

      This book is designed to provide accurate and authoritative information in regard to the subject matter covered. It is not intended to provide investment advisory, legal, tax, accounting, or financial planning services. Individual financial situations are unique, and therefore, any and all financial, tax, legal or investment questions must be addressed by the appropriate professional. If you do not wish to be bound by the above, you may return this book to the publisher for a full refund.

      A portion of the net income from sales of this e-workbook will be donated by the author to charities supporting mental health and financial literacy.

      I

      Life can only be understood backwards, but it must be lived forwards. Soren Kierkegaard

      Introduction

      Where Do You Want Your Money To Take You?

      If you get behind the wheel of a car, turn on the ignition, put it in gear, but don’t have any idea where you want to go, who’s in charge? You, or the vehicle? Driving a car without a destination is downright dangerous. Buying financial products without defining your goals is just as dangerous. Yet both professionals and clients can lose touch with that idea and end up chasing products down dead-end roads.

      Before embarking on a financial lifestyle plan, meeting with a professional, or considering purchasing any financial products, think about the possible places you might want to drive to. Consider the list of unsatisfactory and satisfactory destinations below.

      Unsatisfactory destinations:

      * Rich Land. (Most of us are already there, by comparison with much of the rest of the world.)

      * Maximum Growth and No Risk Land. (Is there any such place, really?)

      * 100%

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