Monday’s investment education call at the financial woman alliance will be about mindsets. Since our beliefs about something affect how we handle everything in our lives, regardless of how much we know about the topic, this seemed like the best place to begin our core curriculum calls for the alliance members. Once you have identified any mental roadblocks that may be holding you back around your financial empowerment, then you can forge ahead toward your money goals.
Most people have childhood beliefs that affect their money habits and the way they handle the responsibilities involved with their money. These beliefs can be so deep in your subconscious mind that you have no awareness of them, but they can sabotage your efforts to be the person you want to be regarding your money. I have also seen individuals driven to remarkable success as a result of unfortunate childhood financial situations. While the focus of the Financial Woman Alliance is more about core financial and investing information, I truly believe that there is something to this element of financial conditioning that must be addressed first in most people before they can really move forward.
Take a few minutes to reflect on this area over the next few days; what were the beliefs, spoken or not, in your childhood home about money? I encourage everyone to start a wealth journal. Even saying the word wealth can be uncomfortable to many women, so start using it. Your childhood beliefs around money are the perfect first entries in your wealth journal.
As you think about this and read through the list of questions below, note any feelings that come up for you around a particular question. Here are some possibilities:
• Was there arguing about money or was it a source of stress?
• Did you always feel like there wasn’t enough money?
• Did your family spend sensibly or extravagantly and wastefully?
• Was it always boom or bust?
• Did you hear that money doesn’t grow on trees?
These are just a few of the questions from next week’s call to get you started thinking about your childhood money beliefs. (If you want to hear more about the alliance and the special bonus for the first 25 members, you can download the call here.) There is a very good chance that these beliefs are affecting your current money habits, whether that includes avoiding your money, overspending, or giving away your financial power. Once you have nailed those old beliefs, you can replace them with your own new and empowered money beliefs.