Sometimes you find yourself making weird and unhelpful wealth decisions and need help understanding your money triggers.
Alexandria Blaelock, author of Holistic Personal Finance: How to pay for the life you want says “Just like your tastes in vegetables and pets, your childhood sets the scene for your adult beliefs about wealth. To understand your money triggers, you need to understand how your past can get in the way.”
Here are Blaelock’s tips for understanding your money triggers:
- Childhood experience shapes your beliefs about money: When you asked for a treat, did your parents tell you “money doesn’t grow on trees” or that you had to work hard to earn it? These comments became your basic and unquestioned adult assumptions about wealth.
- Your beliefs about money can be good and bad: Your assumption that you have to work hard can inspire you to achieve great feats, but it can also become so controlling that it blocks your ability to do anything but work, and prevents you from enjoying deep relationships and other worthwhile experiences.
- Your beliefs about money are usually selfish: Because you formed those beliefs as a child, they are focused on protecting you and getting what you want. Not bad for a child, but as an adult, they’re more likely to destroy all you hope to achieve.
- Facing your beliefs is hard work: Your beliefs came about as a protective mechanism. Dispelling them requires you to dig deep and confront the fears that support them.
- You may need professional help: Some fears may be buried so deeply that you’ll need professional help to get them out in the open.
Alexandria’s tips on understanding your money triggers will help you start examining how money controls you and changing your beliefs.
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