If you are new to R & D Financial Coaching you should know we believe everything in life should be in balance. Yes, you’re here to improve your finances, but money is only one part of life. Making money for the sake of making money will never truly bring happiness even though it does help.
According to a study from the London School of Economics, if we doubled your income today your happiness would increase by 10-25%. Interestingly, that same study also found that a simple 5-minute daily gratitude practice has the same positive effect on your happiness!
So what is a gratitude practice? Simple, it’s setting aside time in your day to be thankful for and appreciate the things you already have. Take 5 – 10 minutes every day writing down what you’re grateful for first thing in the morning.You can focus on anything from fresh air to a large life event or special person in your life.
Another reason to add this to your morning routine is that it can actually help you achieve your financial goals. Speaking from personal experience and feedback from clients, the longer you focus on what you are grateful for the less you think about wants or get distracted from bigger goals.
Here is how to start a gratitude practice of your own:
Take your time: Enjoy the process. There is no benefit if you rush the practice. Take 5 – 10 minutes each morning.
Write it down: Use a journal to write down your gratitude. Writing opposed to just thinking makes a larger impact on your life.
Be specific: Instead of writing down “Springtime”, write what makes you happy about springtime, “Seeing trees start to bud, flowers bloom, and birds return”.
Mix it up: Think of a variety of things that bring joy to your life. Experiences, small moments, people, etc. Avoid writing the same thing repeatedly each day.
Focus on things money can’t buy: Relationships, nature, life lessons or experiences.
Let us know, do you have a gratitude practice or are you new to the concept? What is one thing that you are grateful for? Leave a comment below – we can’t wait to hear from you.