Fear or Financial Freedom? image

Fear or Financial Freedom?

It's a New Year, and "It's Rising Time!"

This means that it is your time to reach your dream of financial freedom, no matter what… even if you are fearful of moving forward, making a mistake, losing money, and what others will say about you.

It takes guts and action to make dreams a reality. That's why the third step in the Triple A Triangle is essential – Apply the financial education you acquire. But most women get excited about a dream, acquire the information they need, and then stop due to fear. And this fear is often unfounded.

For example, a recent article about how money makes you feel in The Wall Street Journal quotes a study published by the National Marriage Project at the University of Virginia and the Center for Marriage and Families at the Institute of American Values. It states, "men may think they know what they are doing when it comes to investing but often don't," and "women may think they don't know what they are doing but often do."

The research indicates that men tend to be overconfident about their financial abilities and make bad decisions while women are "more likely to listen to financial advice" and "generate risk-adjusted returns superior to those of men."

What does this mean for your dreams of financial freedom?

Well, as I say in "It's Rising Time," it's time to "put your butt on the line," overcome your fears and take action. Without applying what you've learned, nothing will happen. And given the current, global situation, it's time to:

  • Stop waiting for the government to solve your financial concerns.
  • Stop depending on others, and take control of your own financial future.
  • Stop blaming the economy and prosper – no matter what the economy is doing.

Now, I'm not saying this is easy.

It's a challenge to rise up and move beyond where you are now… so instead of making a resolution you won't keep this year, decide what you want, get the financial education you need to succeed and take action now.

After all, your financial life will always be with you. Give it attention, and do something each day to bring you closer to your goals. It's a New Year, and it's time to start your journey towards financial freedom.

To get more information about "It's Rising Time" and start increasing your financial education now, click here.

Original publish date: January 05, 2012