{"id":2002,"date":"2018-01-24T10:13:25","date_gmt":"2018-01-24T18:13:25","guid":{"rendered":"https:\/\/www.moneyquotient.com\/?p=2002"},"modified":"2018-08-21T15:21:49","modified_gmt":"2018-08-21T22:21:49","slug":"the-power-of-appreciation-in-money-life","status":"publish","type":"post","link":"https:\/\/www.moneyquotient.com\/blog\/the-power-of-appreciation-in-money-life\/","title":{"rendered":"The Power of Appreciation in Money & Life"},"content":{"rendered":"
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In the world of personal finance, \u201cappreciation\u201d has two important components:<\/p>\n

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  1. In the quantitative<\/b><\/span> realm, appreciation refers to the increasing value of financial assets.<\/li>\n
  2. In the qualitative<\/strong><\/span> realm, appreciation refers to feelings of gratitude for one\u2019s financial resources and circumstances.<\/li>\n<\/ol>\n

    Of course, both elements are extremely important, but it is actually the more qualitative \u201cappreciative mindset\u201d<\/strong><\/span> that is the best predictor of both increasing wealth and personal well-being in your clients\u2019 lives.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div>

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    In The Soul of Money: Transforming Your Relationship with Money and Life,<\/i> Lynne Twist teaches that appreciative thinking is the opposite of scarcity thinking:<\/p>\n

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    \u201cWhen your attention is on what\u2019s lacking and scarce\u2014in your life, in your work, in your family, in your town\u2014then that becomes what you are about.\u201d\u00a0 \u00a0<\/i><\/p>\n<\/blockquote>\n

    Similarly, Jackie Kelm, author of Appreciative Living<\/i>, believes that what we pay attention to grows.\u00a0 She wrote:<\/p>\n

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    \u201cOur attention will create our experience, and if we focus on lack, we create more lack.\u201d\u00a0<\/i><\/p>\n<\/blockquote>\n

    In addition, because of past programming, most financial professionals have formed the habit of focusing on what is going wrong in their clients\u2019 financial lives rather than on what is going well.<\/strong><\/span>\u00a0 After all, isn\u2019t it your role, as a financial planner, to spot the problems and fix them??<\/p>\n<\/div>\n

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    The truth is, however, that when you direct your clients\u2019 attention to problems and breakdowns with money\u2014on both the macro level (markets, financial crisis, etc.) and micro level (personal circumstances, failures, etc.), then that is where their consciousness will reside.\u00a0 If there is no counterbalance to this perspective, then your clients will likely continue to think about limitations and obstacles rather than abundance and possibilities.<\/p>\n

    Therefore, helping your clients to reflect on the positive aspects in their lives and to focus on the value of what they already have will likely create more of the same.<\/span><\/strong>\u00a0 That\u2019s because, according to Twist, \u201cWhat you appreciate appreciates,\u201d and Kelm similarly explains, \u201cWhat you focus on grows.\u201d<\/p>\n

    \n\u201cWhat you appreciate appreciates.\u201d - Lynne Twist <\/a><\/span>Click To Tweet<\/a><\/span>\n<\/div>\n

    At Money Quotient, we teach a simple visualization exercise to help nurture this more positive cycle<\/strong><\/span>.\u00a0 It starts with asking your clients to reflect on specific areas of life such as family, community, finances, work, and learning.\u00a0 Next ask them to make a list (words or short phrases are sufficient) of what is most important to them now in each of these domaines, and then to visualize what they hope to experience and\/or achieve in the future. \u00a0 These additional questions will also help to guide your clients\u2019 thinking and facilitate this process:<\/p>\n

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    1. \u00a0What do you value most in each area of life?<\/li>\n
    2. \u00a0What are your current \u201criches\u201d in each area of life?<\/li>\n
    3. \u00a0What \u201criches\u201d do you want to include in each area of life in the future?<\/li>\n<\/ol>\n

      In a very real sense, this exercise not only helps your clients to appreciate what they already possess, but will also help them to visualize their own unique version of a rich and meaningful life in the years ahead.\u00a0 The clearer this mental picture becomes, the more it will guide the choices they make and shape the life they will experience in the future.<\/strong><\/span><\/p>\n

      \u2014 Carol Anderson<\/i><\/p>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

      In the world of personal finance, \u201cappreciation\u201d has two important components: In the quantitative realm, appreciation refers to the increasing value of financial assets. In the qualitative realm, appreciation refers to feelings of gratitude for one\u2019s financial resources and circumstances. Of course, both elements are extremely important, but it is actually the more qualitative \u201cappreciative […]<\/p>\n

      Read more\t»<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[28,32],"tags":[],"acf":[],"yoast_head":"\nThe Power of Appreciation in Money & Life - Money Quotient<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moneyquotient.com\/blog\/the-power-of-appreciation-in-money-life\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Power of Appreciation in Money & Life - Money Quotient\" \/>\n<meta property=\"og:description\" content=\"In the world of personal finance, \u201cappreciation\u201d has two important components: In the quantitative realm, appreciation refers to the increasing value of financial assets. 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