Keys To Riches Take Emotion Out of the Picture - Season 6

Published: Jan. 30, 2017, 5 p.m.

b'Tune in\\xa0to this week\'s\\xa0Key Number Five - Take Emotion Out of the Picture\\xa0as host\\xa0Heather Wagenhals\\xa0offers\\xa0specific financial techniques to help your financial habits become healthy money management skills.\\n\\nThis Week\'s Key:\\n\\nTake Emotion Out of the Picture\\n\\nKey Statement:\\n\\nI know that I work hard for my money, and feel that I\'m entitled to spend the way I want. However, to be truly successful at managing my money, I need to keep my passions in perspective, being excited about making money and conservative when spending it.\\n\\nKey Affirmation:\\n\\nI detach from my emotions when managing my personal finances.\\n\\nKey Commitment:\\n\\nI\\xa0commit\\xa0to leaving my emotions out of my everyday money decisions.\\n\\nKey Action Item:\\n\\nWhen you are feeling overwhelmed with emotion to the point of impulse spending, walk away, take a deep breath, \\xa0shake it off, and allow yourself to calm down. Then you can be objective and ask yourself this: "Is there a positive financial return on this investment? Is this expenditure going to make me money down the road, or, is this the end of the road for this dollar as I invest it into this material object?"As we start focusing on putting our money where it\'s going to have a return, this will become easier over time. Good luck and we look forward to having you listen to tomorrow\'s show!'