What is your money mindset? Where did it originate? If you’re aiming for a harmonious relationship with your finances, these are intriguing questions to ponder. To kick start your exploration, I’ve prepared an enlightening audio clip.
As a certified money breakthrough method coach, one of the key pillars of my coaching strategy is understanding my clients’ money mindsets. This is crucial because our thoughts about money permeate every aspect of our lives, influencing our decisions, actions, and even our relationships.
Where did your money mindset come from?
Our beliefs, fears, and assumptions about money are created when we are young. They are absorbed as we observe the people in the household we grow up in, and they become our money mindset. Your money mindset is usually a function of what I call your Family Money Legacy because it is passed down through the generations.
Imagine meeting someone in their twenties who carries the money mindset of someone who lived through the Great Depression. This was the case for a person I encountered, as her grandparents were her primary caregivers. Such stories highlight the profound influence of our family’s financial history on our money mindsets.
Often, the money mindset we absorb as children is not conducive to developing a healthy relationship with money as we become adults.
What money mindset did you absorb in the household you grew up in? Did your parents or caregivers argue about money at the dinner table? Did you perceive more tension in the environment when money was being discussed? Did you assume making money meant working until you were utterly exhausted? Did you hear phrases like the following:
- Money doesn’t grow on trees.
- Money is the root of evil.
- You have to be dishonest to make a lot of money.
Taking on negative beliefs, fears, and perceptions about money as a child can affect your money management strategies and skills as an adult.
Are you perpetuating a negative money mindset?
Do you hypnotize yourself by unconsciously using the language of someone else’s outdated beliefs about money in your self-talk?
Do you hypnotize yourself with the information you chose to expose yourself to every day?
Both of these can quickly take you down a rabbit hole of negativity.
Creating a new Family Money Legacy
If you’re determined to reshape the learned habits and thought patterns that form your money mindset, which you likely adopted in your youth, you must embark on a journey of deep introspection and self-discovery. This is what I call the art of truly looking.
Take an honest look at your money mindset.
What are the things you tell yourself about money? Are they true? Are they accurate? Do they fit for you in the life you are living NOW?
Remember, the journey to transforming a negative Family Money Legacy into a positive one begins with answering these questions. It’s the first step towards financial freedom, filled with healthier money habits and a more positive money mindset.
Feeling stuck in a job you hate, but not sure what to do next?
You're not alone, and you don't have to figure it out on your own. Getting the right support can make all the difference.
If you're ready to explore what's next
→ Click here to complete this worksheet and take the first step toward getting paid to do you.
And if this made you think of a friend or colleague who's struggling at work, please share it with them. A little encouragement goes a long way.
