When you think of the word relationship what do you think? Most of us will think of our interactions with other people. We know from our life experiences that relationships are either healthy or toxic based on several factors.
What about our relationship with Money?
We start a business to earn money from the thing we love doing, it shouldn’t feel like work, and you should enjoy it so why does the business finance seem to be on a constant rollercoaster? We must be able to talk about money to be able to earn it and do what a business needs, I get that but today I want to look at it from a different perspective.
If we accept that we bring ourselves to our business, we can then accept we bring our personal beliefs to a business too. How we feel about things tends to define how we interact with them.
I think it’s fair to say that our Beliefs affect all our relationships, Self, People, Money it all comes down to what we believe.
Where do our Beliefs for money come from?
Our Beliefs come from our experience as a child and the relationship we saw the people and our environment have towards money. If we witnessed lots of arguments around money or people being defined by it, it can trigger a range of emotions such as anxiety and even resentment.
If we grew up with hardship, we may have a set of values now that wants to avoid that for example. Don’t have fun save your money for a rainy day.
The common things we hear as we grow up are
- Be grateful for what you have
- Money doesn’t grow on trees
- Work hard and you get paid well
- Money is the root of all evil
- You don’t need a lot don’t be greedy
We can form our own beliefs that can look something like this
- I don’t want to have too much money as people might think I’m not a grateful person
- I don’t want to be too successful people might think I’m greedy
- Money doesn’t grow on trees
- You only get money if you work hard
- I just need enough to pay my bills and then the rest is for fun
- Money is needed to be happy
- I work hard but life is always a struggle
- I don’t make enough to save
- If I can afford the payment taking on debt is ok
- The rich get richer and the poor get poorer
Those experiences and emotions shape our values and relationship with money and if you have children, it shapes theirs too.
We know money in literal sense cannot hurt us, but it can trigger emotions we have around money.
Some Questions you could ask yourself
- What are my beliefs around money?
- Does Money make me feel confident or insecure
- Do I have a history of making good financial decisions, and if not, why?
- Am I hesitant to act when there are issues regarding money?
- Am I impulsive with money, or do I have the discipline to say no?
How does it make you feel when you think of these questions?
The only way to change a belief is to identify it and work through it. Here is a quick summary of how you can do that on our Self-Limiting Beliefs Blog.
What is money language? It’s the way you talk about money and the words you use.
- I can’t afford that
- I don’t have enough money
- I’ll investigate that when I have enough money
- I’ll plan that when I know I can afford it
These may not seem like massive things, but they are confirming your negative beliefs around money. Of course, there are those people that want to remain realistic and will say I am just saying what I see! Changing your beliefs and your money language is still being realistic you are just choosing to do it from a positive mindset.
Ways you can improve your relationship with Money
- Explore your Money Values –
- Face it and review your Money situation
- Focus on spending that helps you achieve your goals
- Create a spending plan
Here is a great book that can help you unravel any conflict you have around money – Click here.
If we understand our relationship with money, then we can begin to change how we see money in our business.
Stop thinking you don’t deserve it and start believing you do.
Love money and money will love you! And accept great things are coming your way!