World Financial Planning Magazine - Issue V-1103

 

World Financial Planning Magazine COVER Page
FULL PAGE ADVERTISERS
How YOU Can Advertise
In This Magazine




Curing Yourself from Leaky Wallet Syndrome

Financial stewardship of a business empire or $100 bill require a particular psychology if they are going to survive over time in the same hands. The lack of this same psychology is why most lottery winners cannot hold onto the giant sums of money they receive; and I call this psychological mind-set the “Leaky Wallet Syndrome”.

The difficulty with holding onto money is that it only takes a single weakness to lose it entirely. By weakness I mean that something has caught your eye that is so desirable that you will buy it spite of the fact that you cannot afford it. Whatever this purchase or payment may be, it psychologically reaches your personal threshold where having something right now is more important than having something tomorrow. There is a trigger that sets aside your normal, balanced decision-making with instant gratification. In my opinion, it is similar to dieting in that you have to eat food, but there are consequences if you continually eat even a little too much. Likewise you need to spend money, but there is a predictable consequence if you continually spend even just a little too much.

Let me list some of the common categories where people could have financial weakness: vacations, clothing, cars, shoes, personal electronics, charities, collections of any kind, books, Christmas gifts, watches, pets, jewelry, relatives, dining out, boats, hobbies and sports activities. And these are only single leaks in your wallet, if you have many of them your wallet could be in more serious trouble.

If you’ve never felt like you’ve had much “extra” money, you may not be aware of what your financial weaknesses may be. They may not show up until you receive a sudden windfall (annual bonus, tax refund, pay raise, inheritance, lottery winners), and you are not familiar with or prepared for your psychological pressure to spend money. If you want to know a few of your weaknesses, think about some of the items at the top of your list that you would buy if you had the money. How many of these items would seem like reasonable purchases to friends and family vs. how many would seem like ridiculous extravagances?

If you are still not sure if you suffer from Leaky Wallet Syndrome, your checking account may tell you: Do you have money leftover at the end of every month? Are you unable to payoff your entire credit card balance each month? Do you have any past due bills? Do you hide your checking account or avoid balancing it?

Let me give you a couple examples. An acquaintance of mine has three children, and in my view, is financially prudent in all matters except for one. And this single weakness has caused her to continually have trouble with high levels of credit card debt. She’s had this debt problem as long as I’ve known him and his only weakness is a particular self-help seminar. At least once a year, if there is room on her credit card, she attends one of these seminars and charges it all to a credit card. I don’t see her do anything with the information that she learns, and she feels it is so important, but I fear that she is sacrificing her family’s financial future.

I’d rather not see any more exposés about non-profit organizations spending their donations on supercomputers to analyze direct-mail campaigns instead of their stated cause. In another example, an acquaintance’s grandmother has a weakness for requests that she receives from left-wing political organizations. If a direct-mail piece lands in her mailbox, then they are guaranteed to receive some donation from her – no matter that she can’t afford it. And like a good poker player sensing weakness, the fund raisers now flood her mailbox with donation requests.

Leaky Wallet Syndrome doesn’t only afflict individuals. A family-friend is a business turnaround consultant for private companies. He says that the majority of the time his services are called during the third-generation from the business founder. The founder builds a successful business and the second-generation coasts on this success, and is mentored by the founder. But by the third generation, the business is supporting so many family members on the payroll that don’t contribute value and family infighting prevents any efficiency or reform, that only Herculean effort from an outsider can save the business from so many forms of overspending.

You don’t have to look far from home to find Leaky Wallet Syndrome (has anyone seen my Ferrari? I mean my Ferrari keychain with a used Honda key?), but all the leaks in your psychology need to be plugged before you can successfully move toward your financial goals. And this effort also helps prepare you for any windfalls that would quickly leak from your wallet.




 

World Financial Planning Magazine
FULL PAGE ADVERTISERS

._0-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
0-D-WOOD.pdf
0-J-FANCY.pdf
0-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
00-Brite-Star.pdf
00-Brite-Star2.pdf
00-D-Foley.pdf
00-E-Bynum.pdf
00-H-Clay.pdf
00-J-SMITH.pdf
00-JCPatton.pdf
00-Monique's Mail.pdf
00-R-Peterson.pdf
00-Slaton-Eison.pdf
00-Wrightsco-com.pdf
00-d-nicholls.pdf
00-eMclvor.pdf
00-h-clay.pdf
00-j-orlando.pdf
00-j-skuse.pdf
00-jj-jones.pdf
00-l-domerson.pdf
00-l-gaines.pdf
00-m-bugarini.pdf
00-r-vandergrift.pdf
00-s-frescas.pdf
1-WANT_TO_PURCHASE_MINERALS_&_OTHER_OIL_&_GAS_INTERESTS.pdf
88-BD-JOHNSON.pdf
88-D-Baker.pdf
88-J-SMITH.pdf
88-d-nicholls.pdf
88-h-clay.pdf
88-j-orlando.pdf
88-l-domerson.pdf
88-l-gaines.pdf
88-m-bugarini.pdf
88-s-frescas.pdf
99-A-Moore.pdf
99-E-Bynum.pdf
99-H-Clay.pdf
99-JC-Patton-Mail-Lists.pdf
99-Monique's Mail.pdf
99-R-Peterson.pdf
99-c-vandergrift.pdf
99-j-skuse.pdf
99-r-vandergrift.pdf
99-wrights.pdf
999-BROKER-BRITE-STAR-ENTERPRISES.pdf
999-Brite-Star.pdf
A-Moore.pdf
BD-JOHNSON.pdf
FRED-HINSTON.pdf
MAKE-MONEY.pdf
WANT_TO_PURCHASE_MINERALS_AND_OTHER_OIL_&_GAS_INTERESTS.pdf
Your-2018-ADSHEET-DIRECTORY1.pdf
c-vandergrift.pdf
sam-scruggs-21.pdf

 

WANT TO PURCHASE
MINERALS AND OTHER
OIL/GAS INTERESTS.

Send details to:
P.O. Box 13557
Denver, CO 80201


Current Issue of 08/17/2019

STOP YOUR MONEY WORRIES


189


FREE CASH!

Send me $3 for details on how you can get lots of it!
JACKSON
1259 EAST 58th. STREET
LOS ANGELES, CA 90011

125


BUY DIRECTLY FROM "DIRECT" SOURCE!

VISIT OUR ONE-OF-A KIND WEBSITE
TO FIND SOME OF THE MOST POPULAR
AND SOUGHT-AFTER-PRODUCTS...
OFFERED TO THE PUBLIC AT
UNBELIEVABLE, WHOLESALE PRICES!
www.jcpattonbestdealsinternational.com

104



165


OPPORTUNITY FOR BORROWERS FOR CAPITAL FUNDS

50,000 And Up.
Send Typewritten Letter Of Business,
How Loan Is To Be Repaid
And A LSASE To:
LEROY TAGGART
233-01 MENTONE AVE.
LAURELTON QUEENS, NY 11422

18


WEALTHPEX


183


23 POPULAR FAST FOOD RESTAURANT DISCOUNT CARD



126


HELP WANTED: HOMEWORKERS WITH RECIPES

Favorite Dishes, Home Remedies, Health,
Biz Plans, Etc.
For New Book Info.
Includes O's Outreach Adsheet With Big Mail Offer.
Send $2.00/SASE To:
OCS
POB 1835
NY, NY 10159

3


$5000 A WEEK FOR LIFE!

Stop Working Paycheck To Paycheck.
For More Information,
Send $5.00 To:
John W. Collins
P.O. Box 164, Rome, GA 30162
May God Bless

157


BIG MAIL WANTED LISTINGS!

Your Name & Address Listed
Worldwide To Receive Tons Of Big Mail,
Business & Money Making Offers,
Dealerships, Free Special Mailing List.
You Also Get Free Reports To Get
You Started On Earning A Monthly Income.
Send This Ad, Your Info & $7 and 2 F/C Stamps To:
EDDIE NELSON
3312 - 20th. AVE.SO.
SAINT PETERSBURG, FL 33712

45


EARN BIG MONEY
PART-TIME
FROM HOME

Mailing our Full-Color
Sales Postcards
1-800-313-0961
or
www.abminfo.com
Referred by #2243
J.C. Patton

176


INTERESTED IN MAKING MONEY ONLINE?

Never Talk On The Phone.
For Complete Details, Send A SASE To:
Publishers Market Source
P.O. Box 11272
Merrillville, IN 46411

123


"LIGHTS OUT"

For Hurricane and Tornadoes.
8-in1 Am/FM Dynamo Lantern.
Telescoping Lamp/Flashlight.
When closed works as a Palm sized flash light,
opens for use as a desk lamp.
Go to sporting goods and electronics:
williesbestdiscounts.com

43


FOUNTAIN OF YOUTH DISCOVERED!
Along With Ways To Make Money Fast!

Imagine living to be 100,
looking half your age, disease free.
No more sickness, doctors,
medicine, hospital bills.
Prevent colds, flu, diabetes,
cancers, high blood pressure
and more.
My report reveals the secrets.
Plus, a Free bonus report.
Send $5 to:
BOYD CORBETT
HC 66, BOX 361
SPENCERVILLE, OK 74760

39


FREE CASH!

Send me $3 for details on how you can get lots of it!
JACKSON
1259 EAST 58th. STREET
LOS ANGELES, CA 90011

125


"BUY DIRECTLY from "DIRECT SOURCE!

Visit Today! Use This Special Buyer's Discount Code And Receive a Free Gift With Your First Purchase.
FP01136
Not Ready To Buy? Use The Buyer's Discount Code And Receive Special Offers, Coupons And Promotions!
www.DirectSourcelnt.net

99


Exciting Magazine Worth Having
SHORE TO SHORE

Reliable service, Best of the Best
Offers, Info, Ad Specials!
Will you have the next
great issue!
One year subscription only
$20 + LSASE to:
Ed O'Blenis
POB 524164/Stadium
Bronx, NY 10452

61


HOW TO MAKE A MILLION DOLLARS!

Send $5.00 Cash + Your Name &
Address for my Five Page Plan.
It Works. Try It. Mail to: ALLEN
600- 18th. Ave. N # 217E, Minneapolis,MN 55411

70


ADS ACROSS USA

Make out a $20 money order
for each person & a $20 money order & 5 stamps for the monitor.
William Lee
9309 Sarasota Drive
Knoxville, TN 37923
Get c/r ad with you in position #1.
Get $20 on 3 levels.
We publish this ad and
your 1" ad to 10,000.

$20--Chrystal Kellogg
P.O. Box 788
Alcoa, TN 37701

$20----Space Available

$20----Space Available

76


SALES PERSONNEL

to call on spas, beauty salons, beauty supply stores, boutiques, health clubs, etc. to introduce and sell Wild Rose personal care products. 40% commission on every case sold.
Send for info to:
SALES
PO BOX 303
RANDALLSTOWN, MD 21133

95


HOW TO GET
1 MILLION PEOPLE TO
SEND YOU $10 CASH
In Six Months or Less!

A TOTALLY NEW-INGENIOUS-
FULLY AUTOMATED-ENDLESS
CASH-SYSTEM
SEND $10 CASH to:
GLENNCO
PO Box 878
Brockton,MA 02303
And $10 Cash to Dealer:
CERGINE CATOR
1327 NE 125th. STREET
N. MIAMI, FL 33131

73


EARN $1,000 A DAY

NEW and RESPONSIVE PROGRAM. Low Cost!
INNOVATIVE, GREATEST INCOME EVER.
Reply today.
Send Two Dollars for Info, shipping and handling to:
R.Logan
PO Box 311096
Jamaica, NY 11431

56


GUARANTEED DISCOUNT PRICES!
Go online website
www.bettyskidswear.com
Enter code DSO6854

for Free gift with 1st purchase. Top brand-names like Gap Kids, Reebok, Addidas, Oshkosh!
Don't put it off!

147


$5000 A WEEK FOR LIFE!

Stop Working Paycheck To Paycheck.
For More Information,
Send $5.00 To:
John W. Collins
P.O. Box 164, Rome, GA 30162
May God Bless

157




    


images_article



images_horiz_220x90



images_horiz_468x60



images_horiz_728x90



ad_images_mini



images_square

images_vert


World Financial Planning Magazine

World Financial Planning Magazine - COPYRIGHT © - ALL RIGHTS RESERVED