Money is a difficult topic to talk about. It can bring up feelings of shame, embarrassment, stress, overwhelm, boredom, indulgence, materialism or corruption to name a few. We all know that we need it. And at a certain level we will say we want it...but do we really?
Money means something to ALL of us and we make decisions in our lives based on what that means. Our Money Mind Sets. For the longest time money meant stress, overwhelm, BORING, materialism and the ingredient for diluting the purity of my work with others. So did I REALLY want money in my life? NO! I did not consciously say NO! I unconsciously sabotaged my prosperity and success when it reached a threshold that signified the money tipping point for me. The tipping point that said" Any more and it will be stressful, overwhelming to take care of, materialism or polluting the purity of my work."
We all have a money story that governs our actions and determines our money tipping point. This is based on our beliefs, values, and why we do something.
It is deeply ingrained in our decision making process whether we are conscious of it or not. It is why we make irrational money decisions and then justify it. It is why a financial advisor will give you a plan that he/she co-created with you but somewhere along the line the plan is not followed...you feel a disconnect. What happens? You beliefs, values and MONEY WHY kick in and decide what to do with the money. So you end up not putting money aside for your emergency fund but you book a vacation because it is more important for you to "create memories" with your family and you trust that you will "figure it out" if some emergency happens.
Knowing your MONEY WHY is powerful knowledge that will assist you in recognizing why you are making the decisions you are making and deciphering if those decisions are truly helping you achieve your goals or sabotaging them.
Here is a simple exercise:
Stand up with legs at shoulder distance apart, hands to your side and palms up.
Imagine an invisible line in the middle of the room. You are on the left side of the line.
Think of 1 financial decision you want to start or become more consistent with. ie. saving for emergency fund, investing in your business or career, booking a vacation.
Why is that important to you?
What do you believe is possible when you accomplish your goal?
Who do you see yourself as when you accomplish the goal?
Now step to the other side.
How does it feel?
Write down your answers to all the questions.
You have started the process of being more conscious of what your money goals mean to you at a deep level not the "right answer" level. Now you can create a plan to achieve it and remind yourself of the emotional connections you have with your goal.
I'm busy working on my blog posts. Watch this space!