When most podcasters talk about money and emotions, they talk about how people feel about their money. My approach is quite different in that I look at the emotions you are acting out through your money. In this episode, I talk about how what you feel when dealing with money is never about money – and what it is about.
Highlights:
- You can use your money feelings to understand your emotional makeup.
- If you are afraid of running out of money, that indicates that you are feeling alone.
- If you think you need more money, you are saying that you need more people because money is always attached to people.
- Feeling like there's never enough means that you feel like not enough.
- The fear of losing what you have is often the result of abandonment stories.
- The idea is to recognize the feeling and express it.
- When you hear yourself thinking that you need more money, ask yourself, "What am I feeling?"
- How you were brought up – either in poverty or wealth – will affect your money emotions.
- If you let yourself deal with the feelings, you aren't going to have to repeat the dramas.
- Learning how to manage cash flow can mollify financial fears.
- When you learn how to put off purchases, you can manage your money better.
- I talk about learning how to delay gratification.
- If you learn how to manage your need for gratification and your dopamine signals that you need more, you can feel better about yourself and your money.
- You can use the Covid pause to retrain your emotional responses.
- Focus on what you have, not what you don't have.
- This is a good time to learn to recognize and deal with your emotions.
