The Secret Time Management Question You Need to Know as a Woman in Business
/Women Business Owners: What’s the Secret Time Management Question you need to know? Are you like most women who struggle with “TIME MANAGEMENT”?
Read MoreMy mission is to change the world by leading women to live a financially healthy & happy life
Blog - Lynn Telford-Sahl, Certified Money Coach For Women In Business
Women Business Owners: What’s the Secret Time Management Question you need to know? Are you like most women who struggle with “TIME MANAGEMENT”?
Read MoreIf you're a woman in business and you've been in business 3 years or more January is a great time to assess how it's going. You're hitting the crucial 3 to 5 year mark where, I'm sorry to say this, most businesses fail. Or, your business may bump along, more in the way of a hobby than a real business.
Read MoreMore Money Will Make You How Much Happier? There is so much pressure in our society to always go after MORE, more, more money. Addictive, anyone?
But, research shows that after someone’s earning $75,000 a year, more money, even a lot more, doesn’t make them any happier. Well, a little bit happier – about 9% happier.
So, if it’s not true that MORE money will make you happier, what is the truth? According to Happy Money authors Elizabeth Dunn & Michael Norton, (two Harvard professors), there are 3 keys to being happier with your money:
1) Buy experiences vs. stuff. When students were asked to think about 4 material purchases and 4 experiential purchases and to draw circles and place those circles around a larger circle called SELF - depending on how closely linked each purchase was to their sense of self, the experiential purchases won hands down as being more important.
2) Make it a treat & SAVE money. If you go to Starbucks every day and spend $5.00 it’s expensive and it’s less of a treat than 1x a week. Try this: Try limiting your visits to 3x a week or 1x a week for that special latte. and drink regular coffee the other days. I tell my 5 year old granddaughter Shelby that she can have 2 Hershey kisses after her nap – she looks forward to those and enjoys them thoroughly and rarely asks for more. Treats have Value. Bonus: How much $$ can you SAVE a week with just that simple adjustment?
3) Buy Time: One stressed, over-working mother of two children, hamsters and hubby bought a Roomba to help with housework. The $300.00 purchase saved this household time in cleaning and stress.
Time Affluence: Everyone feels overly busy and you may be shocked, as I was, to hear this bit of research, but the time crunch is due in good part to financial prosperity. In general America is wealthier now than 50 years ago. “Wealthier individuals spend more of their time on higher stress activities shopping, working and commuting."
”TIME SCARCITY”: increases the value of what’s perceived as scarce: As incomes rise, time seems more valuable!!
The authors recommend not using money to get more time, but to value happier time as an end in itself. Switch the focus from making more money to having more time. Ah...feel better?
Lynn Telford-Sahl, M.A. Psychology, Certified Money Coach (CMC)©. Experienced Money Coach for Women in Business. Make more money, manage it effectively, build wealth!
“I have achieved more goals this year than in the last 8 years of business. When I started Money Coaching I felt guilty paying bills.
I realized why I wasn’t fully financially
responsible - the child inside had been scared about money. As soon as I faced the fears I felt a lot better and good things started flowing and happening.”
Mari Fernandez, Full Force Fitness, Modesto, CA
Lynn Telford-Sahl, Certified Money Coach, 1700 McHenry Ave. Ste. 65B #182, Modesto, CA 95350 Phone Number 209-505-2675 lynntelfordsahl@gmail.com (c) Copyright 2022 www.LynnTelfordSahl.com All rights reserved. Providing individual coaching, group coaching, life coaching, business coaching, and money coaching to Modesto, CA and the Central Valley. National and International Phone and Virtual Coaching available.
*Money Coaching System by Deborah Price, Money Coaching Institute