Posts by Doug Peterson
Unveiling the Psychology Behind Your Financial Habits
Discover the hidden emotions driving your financial choices with insights from Vicky Reynal, Britain’s first financial psychotherapist. Learn how understanding these psychological factors can complement the practical budgeting techniques we use at GPS (Get Priorities Straight), helping you achieve financial freedom and reduce stress. Ready to delve deeper into the psyche behind your spending habits? Read on and unlock the secrets to a healthier financial life.
Read MoreFinancial Freedom: Becoming Paycheck Optional – Part 2
Incorporating YNAB’s Rule 2 into your financial strategy can transform the way you handle irregular expenses. By planning ahead and setting aside money each month, you’ll avoid the shock of unplanned costs and build a more secure financial future. Remember, those “unexpected” expenses aren’t really unexpected—they’re just waiting to be planned for.
Read MoreFinancial Freedom: Becoming Paycheck Optional – Part 1
If you’re in your 40s or 50s, pulling in a respectable income, and still feeling like your money is slipping through your fingers, you’re not alone. Even with a six-figure salary, many people struggle to make sense of their finances. But fear not! With years of experience teaching clients how to use YNAB and becoming a YNAB-certified coach, I’ve seen firsthand how adopting a proactive approach to managing your money can lead to a paycheck-optional life faster than ignoring your spending habits and trusting your paycheck to save you.
Read MoreWhy We Skip the Money Talk: Understanding the Gaps in Personal Finance Education
Personal finance is like the secret language of adulthood—they don’t teach it in school, but somehow, we’re expected to know it all. From managing cash flow to navigating debt and understanding credit scores, there’s a whole world of financial know-how that often gets overlooked in the classroom and in parenting. Let’s dive into why we as a society skip the money talk and explore essential aspects of personal finance that are often left out.
Read MoreCash Flow: The Unseen Driver of Your Small Business Success
Cash flow is the money that flows in and out of your business. It’s the difference between the cash you have coming in from sales and the cash you spend on things like supplies, rent, and paying your team. And for small businesses, managing cash flow is often the key to survival and growth.
Read MoreSpring Clean Your Finances: Clean Out Your Cash Flow Cobwebs
Many people overlook the cumulative impact of seemingly minor expenses due to a lack of attention to where their money is going. They often overlook how dining out frequently and indulging in retail therapy, while enjoyable, can significantly drain resources over time. They might be startled by how much these seemingly benign purchases are truly costing them. This detached approach can lead to significant expenditures that go unnoticed, and they can’t explain why there’s so little of cash left at the end of the month.
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