Remember when we discussed Is your ‘money speedometer’ set on cruise control last post? Today’s post is going follow along the same line of thought – in fact, the next few posts will be along this line – working with and on your money mindset.
Niki and I are part of an elite group of Certified Money, Marketing & Soul coaches worldwide who are authorizzed to utilize our Mentor’s program in our workshops and sessions. My first certification in this group was in 2009 and Niki’s was 2010. So, we’ve been at this a long time and we’ve done these exercises ourselves as part of our training.
The exercise itself is simple.
The decision to actually do it and then follow through requires a little more effort.
However, I have been checking in almost daily since 2009 and it has really opened my eyes to how much money flows through my hands/life and — here’s the scary part — how little of it I retain.
I’m going to start you off with a very tiny step toward your success. Do this and you’re on your way.
We’ll call this exercise: It All Counts
In an excel spreadsheet document or a table in Word, create a chart/matrix that allows the following:
4 columns; up to 35 rows
Across the top (title): Month and Year – It All Counts Money Tracking Chart
In the column headings:
Day Income Subtotal Description
Down the first column on the left: the number for the day of the month (1 through 31)
In the second column, each day of the month, record your ENTIRE income for that day. I do this as a separate line for each amount. Examples: I found a dime in laundry = 1 line with description beside it; I found money in the pocket of a coat I hadn’t worn for a while; a refund cheque came in; investment income statement (only the income, not the total); a friend sent me some birthday money … you get the idea. Absolutely EVERY amount of money that comes in contact with you, goes in this second column.
Because I’ve got separate lines for each amount of money, I subtotal when there is more than one item on one day (this is an optional step)
At the end, after all the days of the month, put TOTAL in the first column and add up the third column. This is ALL the money that you came in contact with over the month. No doubt, it will surprise you!
We’ll take this a little deeper later.
In the meantime – go get started.
Create your blank template and then a document for THIS month.
If you’re part-way through a month do not put it off until the first of next month. That’s procrastination.
Instead, leave the dates up to today empty … you’ll still get a good feel for how much money flows through your life.
These two steps are essential to business success (more on that in another post sometime).
For those who might wonder “What about my expenses?” … that is not the point of the exercise. This exercise is totally focused on HOW MUCH MONEY FLOWS THROUGH YOUR LIFE.
To your success…
Susan (Sue) Crutcher
Conscious Business Coach
Life Empowerment Mentor