Three Things Punxsutawney Phil Can Teach Us

No this is not a Bill Murry sighting or story about how Bill showed up at a party and started washing dishes. But we can learn something from his 90’s movie Groundhog Day.

With Groundhog Day upon us, we await Punxsutawney Phil (the groundhog) to come out of his hole and let us know if we will have 6 more weeks of winter. In the movie Bill found himself reliving the same day over and over. Just as in the movie, we often find ourselves repeating our financial mistakes over and over. Here are three tips you can use to stop reliving the same financial spell.

  • Plan for Tomorrow

While we want to live for today, too often we find ourselves blowing our paychecks each month and not saving for tomorrow. Use the concept of Pay Yourself First. Save for those future goals first and then go have a good time. If you are saving for your goals and find yourself short on your bills for today, then see if there are some lifestyle changes you can make so that you can plan for tomorrow and still have a good time today.

  • Be willing to Change

We often get into ruts. We form financial habits that can be hard to break. Think about what some of those habits are and write them down. Going out to eat to much, having to always upgrade to the latest technology, paying for services that you rarely use, are just a few examples. Reach out to your Private CFO or other financial professional to help moderate changes. Remember to break the Punxsutawney loop, you have to be prepared to change.

  • Giving can be personally helpful

If you remember from the movie, it was not until Bill Murry started helping others that he stopped repeating the same day. Look outwards at problems friends or family might have. If you find an opportunity to help them solve their problem, you might be surprised to find that your network will be able to help you and your financial situation will move forward as well.

Try these Smart Money Move Groundhog Day tips. And if you happen to have a Bill Murry sighting or story, please send them my way.

Van Pappas, CFP®
Private CFO, oXYGen Financial, Inc.
Request a FREE, no obligation consultation: www.oxygenfinancial.net

About the author  ⁄ Van Pappas

Van Pappas

Van Pappas, CFP® - Van is a native of Atlanta. He holds his undergraduate degree in Finance with an emphasis in Real Estate. As a planner for 15 years, he earned his CFP designation from Kaplan University. He is currently the Chairman and founder of the Chamblee Chamber of Commerce and sits on the Downtown Development Authority for the City of Chamblee. In 2012, he noticed the value of helping the X-Y Generations and decided to merge his practice with oXYGen Financial. Background and qualification information is available at FINRA's BrokerCheck website.Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

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