Our beliefs and values shape our life experiences. Our relationship with money is an extension of our beliefs and values. Lets take a look at two different bank accounts and see what each one may be saying about the mindset of the account holder. Remember…where our energy flows our money follows! ***I understand that good people fall on tough times. This message is geared toward the person who has created these money habits of their own free will.
Account Holder #1
*Overdraft and service fees. Easy come, easy go. The account holder craves instant gratification, routinely putting off until tomorrow what they could easily write a “hot check” for today. This instant gratification mindset shows up in relationships, friendships and their work environment. When things aren’t “fun” they tend to become frustrated, anxious and bored. They live for the next “quick fix”.
*Hundreds of dollars in “fast food” charges. The account holder does not prioritize their physical or emotional health. Their lives are out of balance. People who consume large quantities of “fast food” tend to lack the mental and physical energy necessary to make a significant impact on the world. The “fast food” lifestyle features higher instances of illness and disease which translates into time lost from work which translates into additional loss of household income.
*Multiple (minimum due) payments made to credit card companies. The account holder is irresponsible. This is yet another example of their instant gratification mindset. The account holder lives life using bubble gum to plug holes in the dam. Excuses and justifications are predominant in their speech. This is a very stressful way to live life.
*Repeated ATM withdrawals at casinos. The account holder has an addictive personality and more than likely is using avoidance strategies to cope with extreme internal pain. Addictive behavior will predictably show up in other areas of their life and is more than likely wreaking emotional havoc in their most intimate personal relationships. Drinking, drugging and overeating are but a few of the behaviors common to this account holder.
Account Holder #2
*Interest earned on checking and savings. The account holder places a high value on and pays close attention to their money. Their mindset of what we appreciate, appreciates will spill over into other key areas of their lives.
*Payments made to charitable organizations. The account holder is service minded and cares about humanity. They routinely volunteer their time and are outward focused. Gratitude is a core guiding principle in their lives. They teach this sense of responsibility to their children.
*Dividend deposits, mortgage payments. The account holder is a planner and can be trusted with responsibility.
*Tuition payments. The account holder is a visionary thinker. Planning for future events is important to them. They can be trusted to take care of others. They are practical.
This begs the question…
Which of these account holders would you hire as an employee? Which one would be a reliable business partner? Which account holder would you desire to start a family with? There will be exceptions to every rule, however, our relationship with money is a pretty reliable indicator of how we will show up in other key areas of our lives.
As always, I look forward to your thoughts and feedback.