Money beliefs

What were the money lessons learned in your formative years? What did you learn from your parents? All debt is always bad? It’s important to keep up with the Jones’ even if that means borrowing more than we can afford? What’d you learn from the economic milieu? Someone graduating college in 2008 has a markedly different set of experiences than someone who graduated in 2003, 2017, etc.

How does all of that effect your beliefs and behaviors now? Don’t fool yourself that you make only rational financial decisions based purely on logic. No one does. The question is do you understand what drives YOUR behaviors? And are you comfortable with that paradigm? Does it serve you well? Are you aware of your blind spots and tendencies? What are you doing about them?

Beliefs drive behaviors, even when we’re not aware of them. Increase your awareness, then decide what to do with what you learn.

Leave a comment