Tuesday, April 1, 2014

What are Your True Money Views?


What do you really believe to be true about money? 

No, really - what do you really believe to be true about money? For most of us, we have mixed emotions about the role it plays in our life. Part of learning how to better manage the money and resources we have can come through understanding what we really believe to be true about money.  The reality is that some of our beliefs have the potential to limit us and our ability to move to another level of financial peace in our life. While money is not (and should not be) everything in life, it is obviously very important. 

To help you clarify your beliefs about money, start by asking yourself, “What do I believe to be true about money?” Then write down every thought that immediately comes into your head. Is it “necessary?” “Inconvenient?” “Fun?” Don’t worry about analyzing your ideas too deeply at this moment; just write them down. 

Once you are done, look over your notes, and write next to each thought where that particular idea came from. Common sources include family, faith, friends, society, books, and media. The trick is to be as specific as possible. 

Now, for everything that you wrote down, try to find at least one exception to that belief. If that’s not possible, then you have landed on one of your true money views. The beauty of identifying your true money views is that it gives you freedom in knowing what you believe. When you know what you believe, then you can make forward progress toward creating a deeper sense of financial peace in your life. Every person’s concept of financial peace is different, and so the more that you can clearly articulate what is true for you, the less likely you are to feel blown around by the winds of others’ views. 

One thing to keep in mind as you do this exercise: true money views change and grow in life. With each new stage in life, new challenges and opportunities emerge, and what it takes to work through them will change. Remaining flexible will allow you to grow yet remaining grounded in what you believe will allow you to navigate the inevitable changes in life. 

Feel free to give me a call to talk more at 980-275-1627.

Ed Coambs


Edited by Reena Arora of Arora Media, connect on Facebook
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