Do you have trouble keeping track of your money? Do you know what your financial philosophy is? Does money control you, or are you the one in control? What’s your financial purpose? Do you think money is the “root of all evil,” or the solution to every problem? The answers are vital to your financial health!
You may not know the answers off the top of your head; however everyone has a Financial Philosophy, whether by design or default. A healthy financial philosophy gives you the confidence to be successful in your approach to money.
Your Financial Philosophy is the way you think about and use money. It completely rules your financial health! Learn to make a conscious, healthy decision about how you are going to think about and use money. It will govern what you determine are your needs, wants, goals, and what path you’ll take to get there!
There are influences that shape the way you think about and use money. Your parents, your upbringing, gender, religion, personal experiences, education and susceptibility to marketing messages are a few of the primary influences shaping the way you think about and view money.
These influences shape your financial philosophy, your philosophy determines your behavior, and your behavior determines your final financial outcome. For example, if you think money is the “root of all evil” you are psychologically sabotaging yourself financially. The positive and healthier view on money is to realize money can be a great force for good in helping others.
Once you find out what has and is influencing your financial philosophy you can begin the important process of replacing financially restraining thinking with positive thinking to match what is most important to you.
It will take some time to honestly assess how you truly think about money. What do you truly value? What is really important to you in life? What are your goals? What are your needs? What are your wants?
Next you can determine how to reach your financial goals. You can determine how much money you need to get what’s important to you, or to live a lifestyle that fulfills your personal definition of happiness, and what you can do now financially to move in the direction of your goals/dreams.
Once you define your priorities in life, it is much easier to decide how to spend and save your money. Wen you define what is most important to you and then established a financial goal based on what’s most important to you, the next step is to align your daily money behavior to that goal.
When you create your own financial philosophy, you’re building the foundation for a long-term, specific financial plan. So be very careful and realistic when considering your dreams and goals. Your “money thinking” can make your break you! Be patient and honest with yourself regarding the way you view money and its importance in your life and you’ll be making good progress towards a better healthier financial future by thinking rich!
Tags: financial philosophy, financial success, goals, law of attraction, money, priorities
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