- Slides: 15
LOVE YOUR MONEY, LOVE YOUR LIFE
MONEY VALUES Some people who value freedom: Don’t like to be tied down by a job, or possessions Like to be able to do what they want, when they want Hate working in a business of their own, such as a shop, where their freedom is restricted Hate financial constraints. Need to be self-employed. Freedom within employment. Need to be able to manage their own time. Need to have money in their wallet or readily available.
MONEY VALUES Some people who value prosperity: Need to live in beautiful surroundings. Need to have beautiful possessions. Need to holiday in comfort. Prefer to drive a nice car. Need to work in a pleasant environment. Need beauty in their lives. Are often creative.
MONEY VALUES Some people who value security: Need to know they are eligible for a Government pension. Need to have very little debt. Need to have a regular income. Need to have financial stability. Need job security. Need a financial plan.
Your money value is the gift you are born with. All of your individual traits combined make up your personality and this is what makes you unique. Your strengths and weaknesses provide you with an opportunity to create balance in your life. You need to know your money values before you make a financial plan.
HOW BELIEFS ARE CREATED Childhood conditioning Common phrases we’ve all grown up with What people around you say about money Money myths
BEING VALUES Represent the character of the ideal person you would like to be They help you break the pattern of reacting If you: argue about money responsible/tolerant/accepting worry about money grateful/responsible believe you are not good enough confident/worthy never have enough to go around respect/powerful/creative
WHAT MAKES YOU FEEL PROSPEROUS? Beautiful nails A beautifully set dinner table Flowers Using an ironing service Having a cleaner or gardener Good Wine Eating out Massage
Have you given up your own desires in order to please others? Have you told people what you expect from them? Have you settled for the consolation prize? How can you say ‘no’ to others? What’s the difference between setting a standard and setting a boundary? (a standard is telling people what you expect from them, a boundary is telling people how much you will do) Why do you need to create a space for what you want?
COMMON PAY-OFFS Revenge Attention Being different Being accepted Fear of failure Fear of success Fear of change
There is no right or wrong way to manage money