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Edward De Bono’s “7 Hats” isn’t new, and really quite kindergarten like in its simpleness, where you think about things from 7 different points of view (and hat colors) but truly when considering cash, he kind of has a point. Just pondering personal finance from a point of view outside the one that you would typically have, can truly help when it comes to improving organized with your cash. When I was involved in a junior position with a small group of people who were doing a video that Edward De Bono was involved in, he had some interesting things to say about wealth. (I've also since been involved in some other finance videosafter being so inspired by him.)

The first actually fascinating point he made was that he felt wealthy first, then the cash followed, not the other way around. This fascinated me because I had always believed it was easy for somebody who’s rich to feel made but how do you go from not having your cash organized to being loaded? The answer from the person who owns, I suspect at least 5 islands is “anyone can feel wealthy now” just appreciate what you have and truly focus on being grateful. I followed a trick by Oprah originally which has actually helped me with Edward De Bono’s tip, now I employ a appreciation journal (an App on the Iphone called gratitude!) where each few days I just write down what I am thankful for that day- and reasons which explain why I am already wealthy.

Another quite fun tip, in pondering money is to have 3 bits of paper, on the 1st one you write down all the amazing positive things (the white hat) you can think about that could help you to get a bit more organized financially, and all the benefits to you and your family. On the second piece of paper you write all of the frightful things (the black hat) you could do if you really wanted to blow money and devastate your life. Then on the 3rd piece you could now write down the double negative, that is all of the new positive ideas that you have procured from doing this exercise!

Having the motivation to be financially organized is another thing I thought only affluent people knew about but strangely Michelle Briggs from the Aussie Biggest Loser came up with something fascinating to say on this topic- now I heard this 3rd hand so it might not be exactly as she said but basically she said that she doesn’t wake up at 4am and exercise because she thins “Yay lets go” – NO it is down to the fact it simply what she does- it’s the same with wealth, being organized with cash is just what you do methodically then eventually you simply get to the point at which the sustained long term effort works! Some times like the Nike slogan claims you need to “just do it”!

While we’re on the topic, if you simply do the 3 pieces of paper exercise mentioned above, then it's possible to get started today in your new technique of considering wealth and cash.

Virginia Graham is a writer, broker at Central Coast Mortgage Brokerand finance expert who has been featured in Australia on MMM radio, channel 9, channel 7 and The Sydney Morning Herald.

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