What is your belief system about money? What about your beliefs about spending, debt, investing, saving, income, and basic money management?
Are they just your ideas or does your family aspire to the same beliefs?
Why is this important?
Because your belief system informs your values, and your values informs your actions and your actions should support your financial goals.
When everything is aligned it’s a beautiful thing…when it’s not it leads to a life of financial frustration.
Here’s a simple exercise that will take you 10 minutes max.
Write one sentence about how you personally feel about the following.
Spending
Debt
Saving
Income
Money Management
There is no right or wrong answer to each of these so don’t feel like this is a test.
The most successful financial managers are not all the same…but they are all aware of their values and they make sure their financial strategy aligns with those values.
