What is the real reason behind your financial situation, whatever that situation may be?
While working in the financial services sector I made a few interesting observations. Why is it that two people, same age, same education, similar upbringing & career, even in the same company will have such different results. One will take off financially and the other never seems to get ahead!
After extensive research, we realized that it is all about what is going on in our heads. Your upbringing, what your parents, siblings and teachers thought about money is dictating your financial health!
Think back to your parent’s relationship with money, did they spend it, save it? What did they say about wealthy or poor people? Did it go something like this?
Rich people are greedy, poor people are lazy, money is the cause of all-evil. Do you get the picture?
Researchers tell us that we learn much of our behavior from modeling the people around us. Do you have your parent’s attitude towards money? Did they think money was bad, if so you have programming, buried deep inside saying, “Money is bad.” If money is indeed deemed “bad” then subconsciously people have to find ways to get rid of it.
I believe this explains why the majority of Lottery winners, manage to blow it all, ending up right back where they started!
As a child money was tight in our house, once I grew up, I kept myself that way. My husband and I made good money, however once the basics were paid we spent the rest. Savings, never!
It was after my divorce that I began to use money more wisely. I was now completely responsible for my income and my spending. In fact, I became a bit of a scrooge…. how many people do you know that could live in the Caribbean for two years and come home with more money than they started with?
It was at a weekend seminar in Vancouver that I realized exactly how much my programming had affected my relationship with money! Since then myself and my second husband (who also went to the seminar) have paid off our mortgage and bought three other rental properties. We doubled our net worth and cut off the ball and chain of trading hours for money.
Overcoming our old financial programming is one reason that we have been able to retire early and roam the globe in search of our perfect abode
We would love to hear from you, what is your programming? What were you told when you were growing up and how has that affected you and your money?