I never believed that a parent can’t have a favorite child – then again, I’m not a parent. But as a financial planner, I will admit that I do have favorite clients – my ‘Your Money or Your Life’ clients. We speak the same language; we understand the idea of having a healthy relationship with money, we get the concept of money equaling life energy and we value, value. We are inherently frugal and we are huge advocates of setting goals, such as becoming FI.

With the re-issue of the book in 2008, I have seen an influx of clients either having read the book for the first time, or re-aquainting themselves with the philosophy and for that I am grateful to Vicki Robin for the opportunity to have contributed to the latest edition.

For any person on the journey to financial independence (FI), one of the most daunting tasks to contemplate, as well as figure out, is how much is enough? 

How Much is Enough & The Nature of Fulfillment

For years, great thinkers and spiritual leaders, past and present, have written about money and spirituality. Often illustrated are step-by-step instructions on how to tap into and access your spiritual power to manifest abundance into your life.

Books such as Think and Grow Rich by Napoleon Hill, The Seven Spiritual Laws of Success by Deepak Chopra, The Power of Intention by Wayne Dyer and Living in the Light by Shakti Gawain are just a few examples that open your mind to a new way of manifesting abundance into your life.

How much money does it really take before we consider ourselves to be rich?  Based on net worth and income, this infographic by Mint.com, which is based on a recent Gallup poll reveals just what we Americans believe the 'rich index' is.

Although poor investment choices and shoddy money management habits pose some of the greatest risks to your long term financial security, an additional risk that’s not often considered is the risk our over demanding egos pose to our financial freedom.

It's the ego that wants us to believe that we are how much money we make, the job title we hold, the type of clothes we wear, the home we live in or the car we drive. It’s the ego that demands we compare ourselves to our colleagues, neighbors, family members and even celebrities. The ego has us continually striving yet never quite arriving. And most toxic of all, it’s the ego that convinces us our self-worth is linked indelibly to our net-worth.

Are you planning on a miracle or planning for success in 2012?

I heard two new great phrases pertaining to money this week. The first was “living below your means” which I wrote about in a previous blogpost after hearing Suze Orman promoting her new Money Class. Living within ones means is now a common phrase, but below ones means? – now that’s a concept that I truly hope goes viral. 

The second phrase appeared in an article one of my favorite clients, Eddie M sent me – the phrase is “time affluent.”

How to Transform Your Relationship With Money

Transforming your relationship with money is mostly an inside job. Exploring your history, emotions and assumptions around money AND being willing to challenge and change outdated beliefs is easier said than done - yet it must be done.

1. What’s My Money History?