making tough financial decisions

Making the Tough Financial Decision, Part 3 — Paying Off $63,000 Credit Card Debt & Lessons Learned

In Parts I & II of this series, I explained how a seasoned financial consultant like myself managed to get into credit card debt, and how I made the difficult decision to sell our dream home to resolve that growing financial crisis. In this final part, I’ll finish the story and then discuss some of the lessons learned along the way. When you’re in the rapids and headed for...

Making the Tough Financial Decision, Part 2 — Our Dream Home Goes on the Market

I have an important rule for making financial decisions: Set your emotions aside and let the numbers do the talking. It’s a rule I emphasize over and over with my coaching clients. Emotions and financial math do not mix. They are mutually exclusive domains. You need to bundle up all your feelings, anxiety, attachments, desires and fears, and mentally stuff them into a suitcase outside the door of your...