Where is your money mindset? You’ll want to make sure you have the right mindset to help create the financial life you want. 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 see people allow old and invalid money beliefs to control their actions in a way that keeps them stuck in negative habits around their money. I truly believe that there is something to this element of financial conditioning that must be addressed first in most people.
Early negative money experiences can also work the other way; I have seen individuals driven to remarkable success as a result of unfortunate childhood financial situations. Children, who experienced devastating chaos or significant loss, sometimes are completely driven to success because of these early life challenges. They know that they want to live a different life and provide a better life for their family, and this force can be unstoppable. If you stop and think about it, you probably know someone who fits this bill.
Take some time this summer to think about your money mindset, and how it may be affecting your life. Is your mindset one of fear and scarcity, or is it one of wealth and abundance? Once you identify your mindset, you can choose your own beliefs, and habits to support those beliefs. You can choose beliefs that make sense for you and your life. This is an important step for every Financial Woman to create the rich life that she wants.