Stanette Marie Rose: Your Gal In The Wilderness

Musings of fact and fun from a hometown gal

Financial Mistakes and Why They Matter…

February 24th, 2010 at Wed, 24th, 2010 at 8:25 pm by Stanette Marie Rose

We all know over the past decade we have been ill advised and made mistakes along the way with our credit, finances and investment dollars. It is essential to recovery that we recognize our mistakes talk about them and discover a new, wiser course of action.

The biggest mistake of all is to somehow glance over a mistake, hide it and even pretend it never existed. Like anything that we keep unconscious believe me financial mistakes regarding your credit, finances and investment dollars if left unconscious will rise up to live and ruin again your financial security. Along the way of acknowledging a mistake comes an AHA! moment and GREATER learning!

You, your family and business deserves to succeed beyond your wildest dreams but acknowledgement, close scrutiny and telling the truth about mistakes must come first. A mistake is a natural process in creativity…as one amazing painter, Pollock said, “My paintings are the absence of mistakes”. Looking closely at his work you understand the natural law of his art. Money believe it or not is like art….yes there is the counting and saving and the investing but there are also other factors too.
Among these are over leveraging, too much unsecured debt, too high of interest rates that drain away at the principal and business expenses such as over priced bricks and mortar.

Sometimes financial triumphs feed the ego a lie.
The financial wins tell us they will continue on forever and that while your winning big with money you deserve and are entitled to even more….”Go ahead a debt a little and a little more.” The lies the ego tells regarding money are endless…

Sometimes financial triumph breads lies of fear the ego eagerly supports.
The financial surplus is welcomed then quickly drowned in fear messages that it will all soon go away…
“Hide this money! Hoard it! It will be lost soon enough forever!” This causes deprivation and is the mirror image of the ego’s other message of overindulgance.

No matter what there are mistakes being made until we regain health and balance with our finances.
After a few cycles of mistakes we realize we are going to have to learn a new way of health and balance with our money if we are to create a true sense of security.

Accept your mistakes, see them for what they are and make note.
Literally write down your financial mistakes and tell the truth to first yourself and then a trusted advisor.
Financial advisor, pastor, therapist…spouse…be sure to tell the truth to someone. It may be emotional but in the long run it is so worth it to get it out there what it is you did you feel is a mistake around money over the past 2-5 years and then work on a plan to learn a new way. Learn to be inspired by your mistakes! Yes! It is possible to be inspired by your mistakes.

For some this will mean going on a strictly cash basis for all outflows.
*Credit cards must be put away especially all unsecured debt.
*Using a ledger to track every expense allows you to get clean and sober about what you spend money on and why. Spending plans are an incredible tool to creating and learning the truth about your finances.
*Dollar Cost Average back into your 401K, Retirement and Estate accounts…there truly is only one way to rebuild and that is by rebuilding!!!

“It takes courage to admit that you have been doing something wrong, to admit you have something to learn and there is a better way.” W. Edwards Deming

“When you come to fork in the road, take it.” Yogi Berra

Every blessing to you and your family,

Stanette Marie Rose
CEO/Founder
Maple Valley Money
www.maplevalleymoney.com

206-718-5224

Stanette Marie Rose I moved with my family to Maple Valley Heights when I was two years old from North Dakota. The year was 1960 and I still remember coming into the train station in Seattle! The education I received from TaHoMa was outstanding, I graduated in 1977...Worked on a crab ship the Eastpoint in Dutch Harbor, Unalaska, Alaska to make money for my college education. I married moved to the Bay Area and attended SF State and studied Economics at UC Berkeley. Raising four children taught me so many wonderful things and now I am blessed with a Grandson who is turning 4 very soon and we love each other big time! Edward Harrison Colgate and I have been in a blessed and committed relationship for 6 1/2 years. I have been an entrepreneur for 30 years...owner of private preschool for ten years and now a Financial Advisor with Wall Street firms for 20 years. My training in investments and public speaking was in New York. I have taught families and communities about money on radio and television. I have a huge commitment to the home town I grew up in Maple Valley....With a team of incredible folks we jump started the Chamber back to life...and worked on the board for 6 years...I am grateful to be a recipient of the coveted Golden Maple Leaf Award honoring exceptional community service and I have been given my own day Stanette Marie Rose day June 10, 2008. I love children and families and am determined Citizens have a voice in the future of growing the home town we all know and love. Every blessing to you and your families!

ABOUT COMMUNITY BLOGS: Community blogs are written by volunteers. They are members of our community but not employees of this site or newspaper. They have applied or were invited to blog here but their words are their own and are not edited by the editor or staff of this site, and have agreed to abide by our Terms of Use. The authors are solely responsible for their content. If you have concerns about something you read on a community blog, please contact the author directly or email us.

COMMENTING RULES: We encourage an open exchange of ideas in the PNWLocalNews.com community, but we ask you to follow our guidelines for respecting community standards. In a nutshell, don't say anything you wouldn't want your mother to read.

So keep your comments:

  • Civil
  • Smart
  • On-topic
  • Free of profanity

We ask that all participants own their words by registering for an account. It's a simple process that will take seconds and helps keep our comments free of trolls, cranks, and drive-by commenters.

As a community site, we ask that the community help by using the "Flag" button on each comment if they feel the comment has violated the rules. You can also use the up and down arrows on each comment to voice your opinion about that particular comment.

Want to tell us something but you don't want it to be public? Talk to us privately.

blog comments powered by Disqus