Everyone has a money blueprint. The clue is in your behavior with money.
Transcript: “What’s Your Money Blueprint?”
About six months before John and I got married, we went to see his accountant so we could prepare to file our taxes jointly as a couple.
I brought my financial materials in so that the accountant could take a look.
He started going through my files, and looked up and said, “OMG, John you have a saver!”
I’d been a single mom for seven years and my son was almost 10 years old at the time. I had a good job at a hospital as a PR director.
I was proud because I had consistently saved. I knew that it was up to me to make a good living to support us.
Each month my credit union automatically deducted money that went into savings. Each time I received a raise at work, I increased the amount of money that automatically went into my 401k.
Each of us has a money type or money personality.
I’ve noticed with myself that this personality can change depending on your financial circumstances.
While I was a saver when I got married and we had two incomes, I moved into the spender category during most of our marriage.
Now that we’re in different time of our life because John is retired, I’m back to being a saver.
How do we get these money blueprints?
These money scripts or personalities are largely held in our subconscious mind.
Your money script or blueprint was formed before age seven as a result of what you saw, heard and experienced in your family.
Dr. Bruce Lipton says that the first six years of your life, your brain function is in theta and you’re not really conscious at this point. So we are imprinting what we saw, heard and experienced from our family what we learned about money.
It’s not your family’s fault because they learned it from their family. No one is to blame here this is how it works.
This is why it’s so important for you to understand what you believe about money.
Your beliefs can block you from making or keeping money.
Four Basic Money Types
They are four main types of money personalities: Avoiders, Spenders, Savers and Penny Pinchers.
You avoid looking at your bank or financial statements and believe that it’s better not to know. You most likely believe you don’t deserve to make money and you self-sabatoge your financial life.
Yet in my experience with participants in my money class, what you resist will persist. The more you avoid looking, the higher your anxiety and fear will be about your financial future.
Spenders are focused on buying material things and get value from the status symbols money can buy.
When Spenders make more money, they spend more money and are often in debt. This group’s self-worth is attached to their net-worth.
Do you derive your sense of worth from the material things you buy?
Did you experience “not enough” as a child?
They’re not willing to spend much money; only buy things on sale; they save things in case they might need them again one day.
They have a “lack” consciousness – there’s not enough for them.
They don’t like to talk about money. They don’t usually have much debt.
Savers are money conscious people. They are living a balance of having a life today and making a life in the future. In my story above, I knew that if I wanted to travel each year with my son to see my family on the east coast at the holidays, I had to save $50 a month. I put my money where my values were. When you pay down your credit cards, you are saving the interest you would have to pay.
It’s said that people who save money automatically each month end up with more money. They forget about what is automatically deducted and live within their means. How can you save even $25 to $100 a month? Would you have to give up some of your Starbuck’s budget?
Beliefs are based on your interpretation of your experiences.
Nothing has meaning until you give it meaning.
Beliefs are thoughts you’ve thought so many times you believe they’re true. They’re not true unless you’ve questioned them.
Remember you act out subconscious beliefs about yourself and money.
To be conscious of your money life, you must uncover what you believe or heard, saw and experienced as a young child related to money.
Now it’s your turn.
What’s your money personality?
Do you avoid opening your bills and stuff them away in a drawer?
Do you shop even though you have credit card debt because you really want to buy what you want now?
I’d love to know what you believe your money personality is so please let me know in the comments below.
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