What is your Relationship with Money?
Have you ever asked yourself this question: What is my relationship with money? To be honest, it is not an easy question to answer.
When we think about money, abundance, wealth or success, mixed feelings are awakened in us. On the one hand, we want them, but on the other, unconsciously our emotions block us from getting them.
Now, speaking only of money, we all have a fairly complex relationship with it, however, it is necessary to identify it. In this way you will be aware of the link you have right now with your money and how this is facilitating or boycotting the path towards your goals and your development.
In this article, I am going to talk to you about the importance of recognizing the relationship you have with money, where those thoughts come from and how they are conditioning the fact of achieving your goals.
What is money?
Money is a tool (bills and coins) that we use to pay for goods or services, or other types of obligations.
In other words, money is a mere instrument of transaction that does not have its own identity, but rather we give it to it based on the value it has for each one of us.
Later we will see where this value comes from.
What thoughts come to your head with the word “money”?
For this first part of the article I am going to ask you to do a small simple exercise:
Write down the thoughts that come to your head when you think about money .
If you need to stop for a few seconds before reading on, do so.
- “money is good”
- “money is bad”
- ….. etc….
It doesn’t matter what you’ve written. Maybe you wrote something like above or other things, it doesn’t matter.
With this exercise I want you to see that those thoughts you have are supported by the beliefs you have about money.
These thoughts arouse feelings, and it is what your relationship with money is based on.
As T.Harv Eker says: “ The wealth principle tells us that thoughts lead to feelings, feelings lead to actions and that to results ”
In the case of money, if you think that money is bad, you will awaken a feeling of rejection of money, therefore, you are not going to make an effort to have it, you are going to settle for having enough to live on. Therefore, your economic progress will be limited because your own actions will be limited by your thoughts.
But where do these thoughts come from?
The value that you give it and the relationship you have with money, is a learning acquired from different factors: family, friends, teachers, society, the sociocultural context in which you grew up, religion, etc.
We are not born with a defined thought towards money, but throughout our lives we are learning how to act in relation to money and how to think about money.
Taking this into account, you can understand why we think differently from other people.
Now ask yourself these questions:
- What did you learn about money when you grew up?
- What did you hear about the money in your house?
- How did your parents (or the people you grew up with) act with money? What did they say about him?
- Did they save? Did they waste money?
- Was money scarce?
Everything you heard, saw or experienced shaped your perception of money and the relationship you now have with money.
If you don’t save now it’s not because you’re wasteful, but because you were never taught the value of saving and the principle of saving.
If you are wasteful, it is because in childhood you lived like this, no matter where the money came from, your parents lived like this.
If, on the other hand, you are too thrifty, it is because your parents were, and they were somewhat stingy, perhaps.
If you saw that the only way to have money was to borrow, that is what you will do.
But beware, knowing where these thoughts come from is not to look for blame for your current situation. No. It is to identify your relationship with money and how it has been formed. You as an adult are responsible for your way of life.
According to T.Hary Eker, these conscious and unconscious learnings from the past in relation to money form our “Financial Blueprint”. This describes our way of being in relation to money and unconsciously directs our behavior, thinking and our economic decisions .
What is your financial pattern?
1. Evader of money.
People who think that money is the source of all evil with thoughts such as: “Poor, but honest”, “Rich people are dishonest, unethical”.
These types of thoughts generate anger, anguish or irritability, and can unconsciously boycott your economic progress.
2. Worshiper of money
They are the people who think that money is happiness and that it is never enough. They tend to be workaholics and their conversations revolve around what they have or what they don’t. They feel unhappy when they can’t do something or can’t get something.
People who have this financial pattern are not necessarily people with money, but rather those who believe that money is the most important thing in their lives and do not enjoy the rest.
3. Money status
They are those who think that the value of people is directly related to the money they have.
They seek social recognition for the goods they own and the body image they have. To maintain this status they can resort to debt
4. Money Watch
They are people who control their money and are extremely savers. They do not like to spend and are terrified of unforeseen expenses.
They can be stingy, even if they have money.
Have you felt identified with any of these financial patterns?
Why is it important to identify your relationship with money?
Money is connected to our emotions, so identifying our relationship with money can be useful in learning to manage it more consciously.
In addition, it will help you understand some aspects of your personality and the way you make decisions. And this is important if you want to improve this relationship so that you are not the main saboteur of your success.
You have to be clear that today you are responsible for your situation.
It doesn’t matter what your relationship with money is today, if you’ve realized by identifying it that it’s not the right way, you can change. You can improve your habits so that you get along with money, make changes that improve your financial results and multiply your money.
Because you can have the best financial goals and the best plan, but if your own thoughts block you, you are not going to achieve them. This is like building a house, you don’t start with the roof, but you have to start with the foundation.
Even if you don’t realize it, it may be you yourself who is sabotaging your dreams. That is why it is important to identify the relationship you have with money to know if it is helping or blocking your path to progress. This will allow you to make changes in your life to see better results.
Remember, you are responsible for your situation and you can improve your relationship with money to achieve your goals.
And you, what do you think about money? Have you identified the financial pattern you follow? I read you in the comments.