WHAT DOES THIS MEAN?
CURRENT FINANCIAL fitness
- What we think (our beliefs about money)
- How we feel (our emotions about money)
- What we do (our actions with money)
Your money beliefs are a unique set of core beliefs about money and its place in the world.
Put simply, they define your attitude about money.
Your money beliefs drive how you make financial decisions every day and can have a big impact on your ability to achieve your goals.
They guide not only what you do with your money, but also who you associate with, the advice you listen to, and your overall financial direction.
With healthy money beliefs, you make better choices about your money and are able to overcome your financial challenges more easily.
According to neuroscientists, ninety-five percent of our decision-making is driven by our subconscious and unconscious mind.
Lingering in your subconscious mind are inherent patterns of values, thoughts, ideas, and images that have been passed down through your upbringings or through multiple generations, as well as the collective unconscious and in your innate archetypes, and therefore your money personality profiles.
Financial anxiety has been defined as a psychosocial syndrome whereby individuals have an uneasy and unhealthy attitude toward engaging with and administering their personal finances in an effective way.
The difference between financial anxiety and everyday money worries is the way it interferes with your ability to live your life.
Money stress can lead to negative psychological repercussions including a decreased sense of ability to manage your money, lower self-esteem, decreased sense of financial well-being, lower productivity, and higher levels of overall stress.
This is your ability to take action and complete the tasks required to achieve your goals.
Often times, we may find ourselves in a position where even though we have the desire to change our current circumstances, we lack the power to take action and execute the plan.
There could be many reasons for this, such as competing priorities or lack of time.