How does a money story affect you?
You desperately want to improve your financial life, but you can’t seem to get anywhere. You might be surprised to learn that it is your money history that is sabotaging your financial security. But how do you change your views on money to achieve financial success?
Listen to advice on how to counteract your belief in money stories
Make your money story a success
In this episode of Queer Money®We share the three most common money stories and explain how our subconscious beliefs about money influence our actions and why so many people who make millions still live in scarcity and fear about their finances.
We then discuss the habits that characterize a NEVER ENOUGH money story and explore what keeps JUST ENOUGH people from increasing their financial security—even as they make more money. Listen in to get insight into the benefits of a MORE THAN ENOUGH money story and learn what you can do to develop an abundance mindset and improve your quality of life, no matter how much money you make!
“You can have a lot of money and still feel poor. Oprah is famous for saying, “Be grateful for what you have; You will end up with more. If you focus on what you don’t have, you’ll never have enough.'”Click to tweet
Topics covered in money stories
How we define the term “money history”.
Creates beliefs about how money works for/against us
Thinking money is bad leads to pushing it away
Money Story #1: There is never enough
Least advantageous, characterized by a scarcity mentality
No matter whether rich or poor
The habits that characterize a NEVER ENOUGH
Worry about money regularly
Avoid checking OR checking account balances too often
Spend on non-essentials and neglect the essentials
Money Story #2: It’s JUST ENOUGH
Characterized by “living on the edge”
Financial security does not increase with salary
The habits that define a JUST ENOUGH
Spend all income, minimal savings or investments
Spend the bonus before receiving it
Can cover expenses, but can’t move forward
Money Story #3: There is MORE THAN ENOUGH
Most practical, best opportunity to get ahead
Spend less than you earn
The habits that define MORE THAN ENOUGH
Consistently put money into emergency savings and investments
Appear better off physically and emotionally
You may or may not be rich, but you don’t necessarily look like it if you are
Our advice for people who want to get ahead with their money
- Discover the history of money and the emotions associated with spending
- Adopt habits and a mindset of MORE THAN ENOUGH