17 Dec Understanding Your Relationship with Money
As a professional, understanding your relationship with money is essential. How we view money can impact the deals we take, opportunities we pursue, and investments we make. If you have a positive money relationship, you have no fear of money. You seek out opportunities to grow your wealth, and money comes to you. On the other hand, if you have a negative money relationship, you fear money. You think money is bad, that you don’t deserve it, or you are scared to have too much of it.
The good news is that, with the right mindset, you can change the way you view money. If you are already a student enrolled in our Wicked Smart Academy, head over to the 31-Day Money Makeover to complete the course booklet surrounding your money relationship. All others, keep reading to learn more about how to rehabilitate your money relationship!
How Your Money Story Impacts Your Money Relationship
To learn about understanding your relationship with money, you first have to understand what makes up your money story. Your money story consists of all of the beliefs, thoughts, and actions about money that you have developed from specific experiences in your life. Typically, your money story was written for you from a young age, though significant life events can also impact your money story.
For example, if you grew up in a home that struggled with money, you may have a hard time with money now. It might be mentally difficult to see yourself making a large amount of money. You may get nervous when you reach certain milestones and sabotage opportunities because you are afraid of that next step. When you grow up fearing money and the impact it has on your life, you grow deep-seated unconscious beliefs about money. You subconsciously put a cap on your income and ensure that you can’t grow past a certain point.
Exploring Your Money Story
Take the time to explore your own money story. Look at your own life for any patterns or behaviors that you carry out consistently. Give yourself time to write out your own money story and consider your money relationship. Highlight patterns in your stories and draw attention to the way you view money now because of your past. Please note that you don’t have to have a negative money story. Many people grew up financially literate and have a positive money relationship. Make a note of that too!
By writing everything down on paper, we raise our level of consciousness and allow ourselves to think about our story and why we approach money the way we do. Become comfortable with your money story so that you can move forward and accomplish the level of wealth you want to achieve.
Dive through at least five experiences that you’ve had surrounding money. You may find that many of these experiences come from your childhood when your subconscious was very open and receptive to ideas about money. How do these experiences translate to your beliefs now surrounding money? You’ll start recognizing patterns. Now with the awareness, you’ll be able to change the money story for yourself.
Shift Your Money Mindset
If you consciously think you want something, but your subconscious mind is stopping you, you need to follow a process to change it. That way, at the subconscious level, you’ll have a belief system that creates what you want. Thoughts that you had from a very young age will develop lasting results for a long time. To produce positive results, you need to ensure your thoughts are in alignment with what you want. What you focus on expands. What you focus on, you become more aware of. So, with that in mind, focus on the right things financially. Direct your thoughts toward your desired income, investments, paying down debt, the lifestyle you want, etc.
What does financial freedom and wealth mean to you? You need to give your subconscious mind clear instruction of what it looks like. Your subconscious mind needs clarity to guide you to the right opportunities and risks. Be specific. Put numbers to it and experiences to it. Only then will you have conscious and subconscious clarity. That will propel you toward financial freedom. How will you know when you are wealthy? Many people quantify it with either a number, a feeling (like peace of mind), or even a home or object that they can finally afford. Be clear on what you want and what success looks like so your mind has the right instructions to get you there.
Your money relationship may be positive or negative, but recognize there is always room for growth. To learn more about understanding your relationship with money, make sure to enroll in our Wicked Smart Academy!