What Stories Are You Telling Yourself About Money?

What Stories Are You Telling Yourself About Money?

Andrew Neligan, owner of Neligan Financial, discusses the assumptions we make about our finances and asks what stories are you telling yourself about money?

Have you ever had one of the moments when you see, read or hear something that completely challenges beliefs you’ve previously had?

The assumptions and preconceptions we carry around with us are usually hard-wired from an early age through the messages we receive directly and indirectly and through experiences we have.

These messages and experiences shape our approach to life in adulthood. They influence everything from our relationships to our careers: a hard-to-please parent can create a perfectionist behaviour style. Being told you are ugly may likely lead to self-confidence issues later in life.

The relationship we have with money is no different. We will all know people who are spendthrifts and people who are skinflints. These behaviours are likely to have been ingrained and are opposite reactions to the same general experience: “we didn’t have any money growing up so I’m not wasting any now” or “we didn’t have any money growing up, so I’m going to enjoy what I have now”

The same is true for the risks people take with their money. One person may see their parents lose money in the stock markets which confirmed to them that shares equals loss. Another person may have been the child of a successful entrepreneur and sees risk-taking as a necessary way to generate wealth.

None of the above examples are right or wrong per se but sometimes it is a case of being able to shine a light on our assumptions and question how well they are serving us.

If you want to understand if the stories you are telling yourself about money are limiting the chance of you living your ideal future contact me to see what smart financial decisions you can take.

Andrew Neligan is a Chartered and Certified Financial PlannerTM and owner of Neligan Financial ( 01392 539429; andrew@neliganfinancial.co.uk).

Photo by Nong Vang on Unsplash

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