“Our relationship with money begins to form the moment we learn money exists and what it does.”
Nick True, of Mapped Out Money, joins Jillian to discuss how the emotions and habits we have developed around money, shape our financial success or failure.
It wasn’t until early adulthood that Jillian realized fear and anxiety about money was not reserved only for those with small incomes. The stress of knowing how to handle personal finances is not tied up in how much a person earns, but instead is impacted greatly by the feelings, thoughts, and habits that are the undercurrent of our actions. It takes effort to change those feelings.
“The results we get are the results of the actions we take”
Unhealthy Attitudes About Money
To successfully grow the gap and guard the gap, we first have to look at what motivates our actions. Unhealthy attitudes about money are the driving force behind unhealthy money actions. Asking ourselves, “How do you think that will go?” about tracking, budgeting, or investing will quickly reveal the underlying emotions shaping our relationship with money.
By being self-aware about those feelings, we can take steps to course correct.
“There is a difference between danger and discomfort”
Learning to engage with your finances in a healthy way is not dangerous, but it might be uncomfortable. By finding a process and a person to help you work through those uncomfortable moments, you can experience positive change.
While we’d like to believe that making more money solves problems, Nick notes:
“Money does not change the person. It typically just exposes what is already going on underneath.”
Successful financial strategy is rooted in healthy emotions and thoughts about money. We are not bound to the patterns we were taught from childhood or stuck in a fear centric cycle. It can be different. You can transform!