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      Wealth Healthy Women Newsletter
 Healthy Attitudes  ==>  Wealthy Women [TM]
           Volume 3, Number 1
             January, 2002  
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WELCOME to Wealth Healthy Women [TM], a free e-mail
newsletter for women seeking greater financial freedom
and well-being. To subscribe to this free e-mail newsletter
please send an e-mail to Lynne@WealthHealthy.com.  In the
subject line put "Subscribe Newsletter".

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IN THIS ISSUE:

1. Note From Your Editor, Lynne
2. Article: Six Pillars of Financial Self-Esteem
3. Spotlight: Pillars Exercise
4. WealthHealthy Announcements

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-=- Note From Lynne -=-

Happy New Year! May your coming year be abundant --
rich with opportunities, new learnings, and caring 
relationships.

I'm happy to report that my New Year's resolution 
to increase my intentional awareness is still going 
strong. Every morning I ask myself "What am I 
investing in today?" Not only have I been setting 
clearer priorities for work, social time and 
self-care. I am more aware of what each decision 
costs or gives to me. I also feel great, that I
am in charge of my decisions.

I just read an interview with self-esteem pioneer 
Dr. Nathaniel Branden in the latest issue of 
Bottom Line\Personal. And, I'm so excited by the
connection between his six pillars of self-esteem
and Intentional Investing, that I couldn't wait 
to share it with you. Read more about it in the
feature article: Six Pillars of Financial Self-
Esteem.

Wealth Healthy Women also initiated its  
teleclasses for the new year on January 8. We had
a great time discussing the secrets of powerful
commitments and applying them to 2002 money goals.
WHW is going to offer this engaging teleclass again
on Tuesday, January 22. Give yourself or someone 
you love a special New Year's gift -- attend 
an upcoming WealthHealthy teleclass! Transform 
those New Year's resolutions into effective 
solutions. See the WealthHealthy Announcements.

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-=- Feature Article: Six Pillars of Financial 
    Self-Esteem -=-

I was investing some time in reading today, and
came across an article that really excited me.
It was an interview with Nathaniel Branden, 
a psychotherapist who pioneered in the area
of self-esteem over thirty years ago. He has
authored over 20 books including The Six Pillars
of Self-Esteem. 

Dr. Branden commented that self-esteem is not 
only indispensable to mental health, it is an 
economic need. With the explosion of technology
and increased competitiveness in the work place, 
the skills that used to be sufficient for 
performing well are no longer enough. 
We are constantly challenged to adapt to the
unfamiliar, to produce more and handle situations
quickly and resourcefully. It is good self-esteem 
-- "trusting your ability to make appropriate 
choices and cope effectively with adversity" --
that enables us to handle these challenges.

According to Dr. Branden, self-esteem is built
on a life-long commitment to six principles or
"pillars." These include
  * Living consciously -- facing reality even
     when it is painful
  * Self-acceptance -- acknowledging your thoughts,
     feelings, and actions
  * Self-responsibility - realizing that you
     alone are responsible for your life
  * Self-assertiveness -- being authentic in 
     your interactions rather than pretending
     to be someone you are not in order
     to avoid disapproval or disappointment
  * Living purposefully -- identifying your
     goals and the actions needed to attain 
     them, setting your priorities
  * Personal integrity - living the values that
     you claim to admire.

Don't those sound like the foundation blocks of
Intentional Investing, the WealthHealthy 
approach?? (See Issue 2.6 for background 
information on Intentional Investing.)

Crediting Dr. Branden for his pillars model, 
I am putting forth the Six Pillars of Financial
Self-esteem:
1. Living consciously with money.
  This principle is about the courage to look at
the hard realities of your money life. This may
mean facing the fact that you don't 
earn enough to pay the bills, or that you spend 
more than you earn, or that you made irrational
investments during the bull market.
   Commitment to this pillar means that you
refuse to take the easy way out by avoiding
awareness of your true financial situation.

2. Money self-acceptance.
   This principle, a core pillar of the
WealthHealthy approach, involves identifying 
your money attitudes, feelings and habits
without judgment. 
   Commitment to this pillar doesn't stop 
at recognizing that you believe that you
are lousy with numbers so you don't balance
your checkbook. Or that you are afraid of 
making a big mistake so you haven't opened a 
retirement account. Acceptance also means
accepting that you can develop more 
constructive attitudes and patterns -- you 
just aren't there yet. It means acknowledging 
that you will make mistakes and have setbacks 
as you learn to handle your money in new ways,
and that is part of the journey.

3. Financial self-responsibility.
   You alone are responsible for your 
financial well-being. This pillar may seem
to fly in the face of relationships, 
particularly traditional relationships in
which women were financially dependent on 
men to earn the family income. And, 
the idea of financial self-responsibility
may be scary to women who developed "money
myths" discounting their capabilities to
be equal partners in money matters.
   Commitment to this pillar means taking
charge of your money life as a single person
as well as doing your part in relationship,
however that part is defined.
By refusing to abdicate your financial choices,
you gain the psychological benefits of 
owning your authority and the confidence that
comes with practice.

4. Money self-assertiveness.
    When you are financially self-assertive, 
you present yourself to others in a way that
is consistent with your financial means. 
   Committing to this pillar means that you
don't pretend to be rich when you're not,
out of fear that people will look down on
you. You are comfortable saying "I'm trying
to cut back on my spending, so let's go 
out for coffee rather than dinner." 
    On the other hand, it also means being 
comfortable with sharing financial successes 
rather than downplaying them out of fear of 
someone else feeling bad or envious.

5. Dealing with money purposefully.
    In the last issue of WealthHealthy
Women, we discussed three key steps which
are relevant here: Claim your "cores"; 
practice self-observation; and choose with
purpose (ie., in line with your core values)
after you observe.
    Commitment to this principles requires
visioning the large picture -- your
values, needs and financial goals -- while 
tending to your moment-to-moment choices 
that influence how you earn, spend, save
 or invest.

6. Money integrity. 
    When you earn, spend and invest money in
keeping with your core values, you are in
money integrity.
    Commitment to this pillar means that you
notice when you are rationalizing how you are
dealing with money. You refuse to be lured
into an expensive vacation when you claim that
you are committed to purchasing a house
by the end of the year. You don't stay in a
poorly paying job when your commitment is to
be financially secure and retire early.

At this point, you may agree that the six 
pillars of money self-esteem are an 
important concept. However, unless you decide 
to "make them yours," they really are not 
worth much. One powerful way to make the
pillars yours is to invest some time in 
the following exercise.

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-=- Exercise:  Claiming the Pillars
       of Money Self-Esteem  -=-


Step 1. Take fifteen minutes when you can be alone
and in a quiet space.

Step 2. Take a sheet of paper. List the six
pillars down the left-hand side of the paper, 
leaving room between them to write your thoughts.

   Now, taking one pillar at a time, 
what you would be thinking and doing if you 
were living that pillar fully? For example, 
what would let you know that you were ideally, 
100%, in money integrity? Write your thoughts
down next to the pillar. Complete all six 
pillars.

Step 3. Take another piece of paper, and draw six 
columns on it, like a bar graph. Put the name 
of one pillar below each column.

Step 4. Using a scale of 1-10, with 10 being your
descriptions from Step 2, rate how fully you
have been living each pillar in the past year. 
Be honest about your rating, and what influenced
you to choose, for example, a "6" rather than an 
"8."

Step 5. After completing Step 4 for each pillar, 
go back and select one pillar. Decide what would
help you move up one notch toward your "10."
For example, if "10" on money integrity 
means saving $300 per month toward a down payment
on a house while paying all your bills on time, 
decide what you can do to move one step closer to
that ideal. For example, you may decide that you'll
skip the $4.00 cappuccino that you have every day
after work, and put the money into your savings 
account. Complete this step for each pillar.

Step 6. Take a look at the steps that you have 
identified for progressing toward total money 
self-esteem. You may have up to six goals, depending
on how you rated yourself on the six pillars.
Now, decide what actions are realistic to take in 
the next month. It may be too difficult to 
undertake six steps at the same time. Decide on 
one or two. 

Develop a way to keep track of your progress.
A journal for daily "check-ins" can
help you to stay aware of your goals as well as 
enable you to see the progress that you are making.
Another idea is to post your goals where you can
easily see them - on your mirror, in your day planner,
or some place that is private yet readily visible to
you.

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$$ WealthHealthy Announcements $$

-=- Teleclass: -=-

"Committing Yourself to Intentional Investing"

We are offering this fun and catalyzing 
teleclass again for those of you who missed
it last week.

Find out the 3 secrets for making powerful 
commitments. Learn these 3 secrets and
how to apply them to your money goals.

When:
Tuesday, January 22, 2002
6:30-7:30 PM Eastern Time

Cost:
FREE
Registration limited to 12 participants.

To Register:
Send an e-mail to Lynne@WealthHealthy.com.
Put "Committing" in the subject line and include your
name, phone number and e-mail address in the body of
your e-mail note. You will receive a confirmation of
the teleclass, and further instructions for accessing
the special phone line for the call.

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-=- Wealth Healthy Teleclass:
       Overcome Overspending Now! -=-

I am putting together several Overcome
Overspending Now! telegroups for the new
year.  Each 3-session telegroup will run for
three consecutive weeks. Groups will 
be small - no more than 7 participants - 
to allow for a lot of interaction and personal
attention. Groups will most likely be 
conducted in the early morning, or late 
afternoon. The cost is $75.00 for
the three-session class. 

If you are interested and would like more 
information, contact me at 
Lynne@WealthHealthy.com. Put Overspending 
Class" in the subject box. Include your
name, phone number and e-mail address 
in the body of your e-mail note. Also, indicate 
your preference for Morning or Afternoon times.

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Watch for announcements of other WealthHealthy
teleclasses in future issues. If there is a topic that
particularly interests you, please let me know. Send
an e-mail to Lynne@WealthHealthy.com.

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To hear a 10-minute description of the
WealthHealthy approach, as well as a bit about me,
you can call 1-212-461-2660. If you are interested in
coaching, simply e-mail me at Lynne@WealthHealthy.com
or call me at (202) 387-5923. Please include your name,
e-mail address, phone number and brief description of
your interest in being coached.

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Pass this newsletter along to friends, family, and
colleagues who also may be interested in moving toward
greater financial freedom and well-being. They can get
their own free subscription by going to
http://wealthhealthy.com and signing up - it's as simple
as typing in their e-mail address.  Or, send an e-mail to
whw-request@WealthHealthy.com with the word
"subscribe newsletter" in the body of the letter.

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PLEASE NOTE: Wealth Healthy Women [TM] is
intended for informational and educational purposes
only.  It is not a substitute for financial, legal,
accounting, psychotherapeutic, or other professional
advice and consultation.

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Copyright 2002 Lynne Hornyak.  All rights reserved.

The above material is copyrighted but you may retransmit or
distribute it to whomever you wish as long as not a single
word is changed, added or deleted, including the contact
information. However, you may not copy it to a website
without my permission.

Reprint permission will be freely granted upon request.
Advance written permission must be obtained for any
reprinting of this material in modified or altered form.

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$$ CONTACT INFORMATION $$

Lynne Hornyak, Ph.D.
WealthHealthy.com
Phone: (202) 387-5923
Fax: (202) 986-8980
e-mail: Lynne@WealthHealthy.com
Web: http://WealthHealthy.com