I live by the adage “How I do money is how I do everything” and what I notice is that if I am not in great relationship with money then my other relationships suffer – my family, friends, clients and even my horses. This is why it is so important to get to understand what money is really saying. Money likes focus and attention and just like my family, friends and horses when I give that to it the rewards are beyond measure
We live in a culture that encourages debt and denies the lost art of delaying gratification. And, like color that fades on a cheap paint job, the repercussions of this lifestyle are beginning to show.
For example, researchers at Ohio State University in Columbus have found that high levels of income-eating debt—especially big credit-card bills—may be related to high blood pressure, insomnia and even problems with physical mobility, vision and hearing. Additionally, a recent survey shows that the overall, number-one greatest source of stress is personal finances. And, what do couples and/or business partners report that they fight about most often? Money.
Money is a hot-button issue for the majority of people these days. Everybody, it seems, has money issues, whether it is concern about the lack of resources, or the fear of losing it.
While women may experience a debilitating lack of confidence about taking care of themselves, men have more concerns about providing adequately for their families and their retirement.
Meanwhile, we are showered with seductive messages to Buy Now, Pay Later. Which many of us do. Then we have to work harder to keep up with payments, which causes even more stress. For both men and women.
The language of money is complex and subject to misinterpretation.
Often it is the early messages we received about money that influence our current beliefs. So, one of the first steps in dealing with money issues is to check out old ideas that continue to color behavior and attitudes.
Couples, or business partners, who may have grown up with different values about money, need to talk about their beliefs. Not who is right and who is wrong, but what the basic beliefs are. According to the Institute of Certified Financial Planners, by better understanding their attitudes and values toward money, individuals may be more able to gain control of money instead of it controlling them.
Many books on how to deal with financial issues are available, and advice from professionals such as banks, consumer financial agencies, financial planners and advisors, and accountants, is always a good idea, however unless you deal with some of your under-lying beliefs about money, not much will change. This is why Being Rich Is An Inside Job. You need to develop a healthy attitude toward money and treat it like your best friend.
Try this for a week and you’ll be amazed at what happens.
And if you’d like to find out more about Mastering Your Money Mindset join us on 15th March for an intensive one day MasterClass. You can find out all abput it at www.masteryourmoneymindset.co.uk
Julia Felton (aka The Business Wrangler) is the founder of Business HorsePower. Business leaders, entrepreneurs and executives hire her to accelerate their business performance by harnessing the energy of their people to work more collaboratively together. By aligning purpose with actions the team achieves exponential results as everyone starts pulling in the same direction.
Julia believes that business is a force for good and through designing purpose-driven businesses that leverage the laws of nature, and the herd, you can create businesses founded on the principles of connection, collaboration and community that make a significant impact in the world.
