1. Leave room for dessert
It’s tempting to fill up on the main course. Turkey, mashed potatoes and stuffing are what you look forward to all year. When it comes to your finances, these Thanksgiving staples can be compared to semi frequent purchases like new clothing or electronics. While I encourage indulgence, I am not a fan of it causing discomfort, and in some cases extreme discomfort. So save some room for pumpkin pie at Thanksgiving dinner and save money to support your wealth building. When you set a focus, and follow a structure, for your financial well-being, it motivates you to achieve your goals, such as putting money aside for retirement, buying a new home, or going on a dream vacation.
2. Be present at the table
In our house, we have a ‘no phones at the table’ rule. It’s easy to get distracted and miss out on conversation when you’re looking down at your techy, can-do-it-all gadget instead of forward, making eye contact with another and fully engaging with them. The same rule applies to your finances. Even if you have a partner that manages the finances, an accounting department or a CPA, you cannot allow yourself to be disengaged from conversation about your finances. Being completely present to, and having clarity about, where you stand financially and where you want to be is an important step on your road to financial excellence.
3. Be thankful for what you have
Thanksgiving is a day to feel and express your gratefulness for everything you have and everyone around you. When I work with my clients, I encourage a ritualistic practice of gratefulness. Being grateful for what you have cultivates an environment of abundance . Whether you’ve just opened a savings account, or you recently got approved for a small business loan – you have a reason to stop, own your accomplishment, and to be thankful for those who helped you achieve that success.
This Thanksgiving, I’m thankful for all of my wonderful clients, my amazing co-workers and my supportive family and friends. I wish you all a happy, healthy and relaxing Thanksgiving.