All too often, fear is the main thing holding us back from feeling confident about our finances, no matter how much money we have.
Money fears are different for everyone. For some people, it's the fear of scarcity: fear of not having enough, fear of losing what you have, or the fear of having to defend your wealth from those who might try to take advantage of you. Money fear can also be about the unknown: uncertainty about one's financial future, or about one's capacity to create abundance, or simply unfamiliarity with the language of finance. Other people experience fear of judgment: for being too rich, too poor, too ignorant. Many of these fears stem from our childhood experiences, and for most of us, they are associated with shame of some kind.
According to a recent New York Times article, most people would rather talk about sex and death than about money.
Yet according to personal finance coach Bridget Jones, talking to a trusted friend or family member about our limiting beliefs around money is the best way to vanquish them.
Last week Bridget shared her insights as the featured guest on LongView's second webinar about financial empowerment. In "Cultivating a Positive Money Mindset - Moving From Fear to Freedom," she shows us how to overcome our fears and shame by identifying inherited family attitudes to money, discussing them, and changing them. Bridget also covered how to manifest positivity, set goals, and take the first steps to increase money confidence.
LongView Partner Doug Lynam, author of the book "From Monk to Money Manager: A Former Monk’s Guide to Becoming a Little Bit Wealthy - And Why That's Okay" joined Bridget for a lively discussion and an audience Q&A.
For those who missed it, here is the full recording. We hope you find it inspiring.
The information contained herein is intended to be used for educational purposes only and is not exhaustive. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation.
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