Financial Wellbeing at Home and Abroad

Living an expatriate life or planning to make the move, requires financial maturity, responsibility and a certain amount of foresight.

There is always much talk about the secrets of achieving your money dreams, whether it is on a modest income or very generous income. It may seem like a mystery as to why some people seem to be able to make a lot of money, keep it and then go onto make more. The truth is these people follow some basic laws concerning money management. These laws are not difficult to understand, however they do require discipline. Money management and financial knowledge is not only important at home, but possibly even more so overseas in that there are often so many different money laws that apply.

I am sure that there are some people who are reading this weekly topic who feel ashamed about how they handle their money. The trouble with this is that shame or guilt about finances only creates a state of "poor" thinking and this type of thinking attracts more financial trouble. To turn this around we need to focus our energy and attention on new behaviors that will establish us to think wealthy thoughts. When we feel good about how we handle money, we come to trust ourselves and receive more.

To improve our financial health we need to start out slowly and methodically in order to develop the good habits of fiscal management. Start by asking yourself this question: "What's the one thing you know you need to do in order to improve your financial well-being.?" Usually you will know immediately what it is because it is baggage that you carry around with you daily, baggage that weighs you down. Then again it may be that really have no idea. If this is the case it would be very useful to contact a financial planner in whichever country you are residing. Experts with knowledge on specific country tax laws and investment opportunities can assess your situation and advise or make suggestions about where you need to begin.

Once you have an answer, do something about it this week. The secret is in the doing. So, just how committed are you to paying careful attention to how you spend and invest, which is the key to making and supporting wealth? Do you want to develop high financial self-esteem when handling your money? Do you want to develop good money habits wherever you are and maintain the discipline to live within your means? If so, you stand to benefit by increasing your level of financial self-respect, confidence and of course your pockets could end up being a lot, lot fuller.

"Wealth is the ability to fully experience life." Henry David Thoreau