With a fear of money, it becomes impossible for us to think creatively and make decisions. The more scared we are of spending money, the more difficult it becomes to be rational about our spending.
All tagged financial mistakes
How To Rebound From Financial Mistakes
I’ve made tons of financial mistakes, even as a money coach and personal finance author.
One big money mistake I made, was not listening to my financial adviser when she tried to get me to move into real estate investing and start creating passive income 4 years ago.
I held onto that mistake for years and spent years beating myself up for not listening to her, until I realized it was affecting my relationship with money.
When we hold on to a financial mistake and we keep thinking about what we should have done better or we keep replaying how badly we screwed up, we teach our mind to focus on that mistake and we keep the energy of that mistake alive and store those memories in our bodies.
The longer we keep that energy alive, the more we berate ourselves, blame ourselves and victimize ourselves, the more we start to doubt ourselves with money, which impacts the way we behave with money in the future,
If left unresolved and unhealed, this doubt and victimization can also be passed down from generation to generation.
How to Achieve Your Financial Goals Faster
How can I reach my financial goals faster?
That’s a question I often get asked by Money Magic students when someone, joins the course, does a few meditations and suddenly has a wild breakthrough, compared to someone who’s been doing the course for months and sees small shifts.
1. Take action that’s in alignment with your financial goal
Often, we set a financial goal but then we delay taking action.
We want proof that we’ll succeed in making that goal a reality and wait for favorable conditions or wait to feel ready to take action.
Or we take action for the sake of taking action.
It's not just about taking action, it's about taking action that’s in line with our financial goal.
Taking action for the sake of taking action, will keep you busy but won’t get you closer to your goal. Instead, it’ll leave you frustrated and exhausted.
How to Rebound From Financial Mistakes
How we process financial mistakes impacts the way we behave with money in the present moment and in the future