Financial and Emotional Literacy — Rewire Your Relationship with Money. Your financial well-being has more to do with how you think and feel than the amount you make. So, what’s the real issue here? It’s because you hold deep-rooted subconscious beliefs that conflict with your conscious desire for more incredible wealth.
How you think and feel dramatically impacts how things appear in your life. For example, consider this; according to a Lendingclub report, 58% of Americans live paycheck to paycheck — including 36% of those earning $250,000 or more. Unless you rewire your relationship with money, you will continue to face financial issues regardless of your income.
Emotional Literacy – What’s Behind Your Money Trauma?
It’s easy to blame inflation, government policy, and your background, but before you do that, think about your existing relationship with money. And some of the beliefs you have around money.
- Beliefs such as “money are the root of all evil.” And that rich people are entitled and corrupt.
- Money will solve all my problems.
- There is never enough. I need more money.
- Making money involves a lot of sacrifices — my health and my time with family.
- I need money to impress others.
- Money brings with it additional problems.
- Make foolish investment choices.
- Avoid speaking openly about money.
These beliefs are behind our money problems, not money per se.
As a result, we:
- Get into debt to impress others with a new car, fancy clothes, or the latest gadgets.
- Work long hours and then blow our money, saying we deserve everything we buy because we work hard.
- Envy those with money.
- Fail to save.
- Are afraid to invest.
- Avoid our money problems.
- Default on our debt.
- Are full of anxiety.
- Spend compulsively.
Rewire Your Relationship with Money:
In order to rewire your relationship with money, you must change the subconscious scripts you have about money:
- Instead of money being evil, recognize that money is merely a tool. It is not inherently good or bad.
- There is more than enough money around us. If we would remove our blocks, we’ll see it.
- Money cannot solve your problems. Only you can solve your problems.
- Money flows into your life. Many people attract money easily without sacrificing their time.
- You don’t need money to impress others.; you just need to be yourself.
Bringing it all together
Financial literacy goes beyond just understanding the ‘numbers.’ It’s also about changing your relationship with money. Become aware of your beliefs, question them, and commit to rescripting them whenever you see yourself thinking, feeling, or saying something that can hinder the flow of money into your life, stop yourself and pivot to a new way of thinking, feeling, and doing things.
Sign up for the Rewire Your Wealth 12-week program to transform your relationship with money for good!