Post by Lynn Safranek (Communication & Technology Co-Chair)
Finding financial fitness involves more than balancing your checkbook or setting aside money for a rainy day.
As financial planner and author Julie Murphy Casserly told DePaul faculty and staff, emotions and energy play a significant role in how we choose to arrange our finances. The founder of JMC Wealth Management, Inc. and author of The Emotion Behind Money: Building Wealth from the Inside Out shared her insights into the emotion-money connection on Jan. 25 at a DePaul Women’s Network Brown Bag luncheon.
Casserly’s advice applied to finances as well as people’s quality of life and achievement of their life dreams. Early in her talk, she asked the crowd to consider this question: “What are things you regret you still haven’t done?”
Most people look at their dreams and decide that following them would be too expensive, she said. Or they listen to the naysayers – those people in their lives who discourage them from following their intuition.
An Acronym for Success
Casserly advised that people should get in tune with who they are and what they want in the world. Then, she said, they should follow their intuition and pursue those goals in the most financially palatable way possible.
An easy way to adhere to this advice is to follow Casserly’s P.A.A.C.T. process:
P – Picture what you want.
A – Accept your current reality.
A – Awaken your authentic identity, passion and purpose.
C – Choose to change.
T – Take action.
This process will help people shed the shame, blame and guilt they associate with their finances because they will be applying hard-earned money to what they want most in life, Casserly said.
Positive and Negative Forces
In another exercise, Casserly asked participants to consider five traits of someone they admire and five traits of the most influential naysayer in their lives. Then she told everyone to look at the lists. “All the traits in those lists, that’s you,” she said. “Those are traits you like and dislike in yourself.” People should make an effort to choose to be the person they admire, she said.
As for the naysayers, Casserly said people should “release everything from your life that isn’t in your highest and best interest.” That may mean avoiding certain topics when talking to friends, she said, or finding a job where you feel passionate about the work.
The decisions may be difficult, but they are necessary. Without making hard decisions, Casserly said, the door to new opportunities and greater happiness may close.
Did you attend the Brown Bag? Please leave a comment about what you enjoyed or the lessons you learned. We’d love to hear from you.