Tuesday, January 1, 2013

Determining Fact or Fiction in Your Money Story

We can all recite common sayings or beliefs about money such as "money doesn't grow on trees, money is a curse-it is the root of all evil, you have to work hard to get money" and so on.  There are so many of these idioms that are familiar; but have you thought about any of these to determine for yourself whether or not any of them are true? It is possible that none of them are!

If you haven't ever challenged your ideas about money, take a few minutes and write down the money beliefs that immediately come to mind. If you know where you first remember hearing each of them, make note of that as well.

For example, what have you heard recently regarding the state of the economy in your country or throughout the world? Have you used this as an excuse for why you can’t do or have something? It is necessary to understand why these ideas influence you so that you can make better choices.

Here is how to test what you believe:

Start with one of the beliefs you wrote down. Let’s say that you wrote down that you cannot afford something.
1.      Write down the actual cost of that item or activity today.
2.      Write down what having or doing that would impact your life.
3.      Write down how NOT having or doing that would impact your life.

You are ready for the test of whether or not your belief (about not being able to afford this) is true.
A.      Determine whether or not you have ever spent this amount of money on anything before. If yes, the belief may not be true.
B.      If you add up what you have spent in the last day, week, month does that total come close to or exceed the cost of this desire? If yes, the belief may not be true.
C.      Are you making a choice between two different expenses? If so, which do you believe will increase your opportunities or wellbeing? In other words, would one be more advantageous than another?

Often, our actions or choices are based on our situation as it appears when we look at them through the lens of false ideas. Those false ideas are based on the beliefs we grew up with and have habitually practiced without the benefit of examining whether they are fact or fiction.

One example of this would be when a person chooses to buy coffee every day of the week, at $5.00 each day, and declares they cannot “afford” a new winter jacket. At $35.00 per week the individual could choose to accumulate the $5.00 per day for a month and buy the new jacket they desire. So saying they cannot afford it is fiction!

If you have spent $1000 on something you desired in the past, most likely you can “afford” it now. (Being able to “afford” something is a subconscious belief.) It may be that in order to decide to make that purchase, you have to let go of something else. Saying “I can’t afford it” can be an indication that you want this desire to come to you without any planning or additional effort on your part. It also could indicate that you have a core belief that you do not deserve it.

You can change the way you see things by changing the way you think about those things. First, it is important to understand how you think about the things which influence your choices. If you don’t have the results you want, there is something you aren’t seeing clearly.

You have the opportunity to join me January 8 at 8pm for a free call to learn more about how to determine which ideas you have around money are true and what to do with that information once you have discovered it.