The Power of Word Choices Relating to Your Personal Finance

Even before my career in personal finance, I've had many conversations about the topic of personal finance. I noticed that the words we choose to communicate our finances with others and to ourselves make all the difference in our ultimate relationship with it.

As I have preached many times, we are the one who drive our finances. No one else should take control of our own finances other than ourselves, and to make sure that our finances do not drive us!

Here are some examples of word choices in a complete sentence. Notice the word choices and how the thought is framed impacts how one can relate, internalize and ultimately can hope to find our own success when it comes to our personal finance.

Word choice is so important, but also be specific, have a clear goal and timeline.

Example 1:
I am "committed" (not I "want") to save at least $100 a week to buy a $2,572.25 desktop workstation (be specific) in the next 26 weeks (have a timeline) or sooner to better my side business (be clear about what your saving goal is).

Example 2:
Before I think about investing in anything, I need to first invest in myself (focus on me as the central part of my financial success), to build equity for myself (to position/perpetrate for increasing success), so that I can have more skills, knowledge and experience in the field of sports medicine (specific goal).

Example 3:
Since I have more time than money available (being self-aware of the two most valuable currencies), I will invest more of my available time to learn from reading the book "How to Win Friends and Influence People) and to apply (turning knowledge into action) my social skills to be better connected with others, so I can start with learning how to have better 1-on-1 conversations in the next social school club meeting.

So, how are you going to better your own personal finance today? Start by joining our free learning community!