3 Ways To Remove Emotions From Your Money

3 Ways To Remove Emotions From Your Money

We all have experience with money, experiences that have shaped who we are today, probably some very emotional experiences too…both good and bad. Many of our memories in life will be connected in some way with money, whether you had some, wanted some, spent some, or didn’t have enough. Money, it’s a little word with a big impact, and a term that often represents desires of what we would like to do https://www.sarahpotter.com/blog/story-defines-business/. It is no wonder we are all so emotional connected to the word, as it represents so many things.

Start Talking About It

Money is a gateway to access many of your wants and needs and since it will be important to build a plan to reach the goals you have for yourself, it will be just as important to talk about how you will achieve those goals from you own financial path to get there. Don’t be afraid to talk about what you want to do with money. I believe that too many of us keep discussions about money to our self, which limits our ability to check in with friends or family about our goals. Let’s face it, close friends and family will give you honest advice about almost anything, we need these opportunities to make sure we are grounded. We seem to be comfortable sharing intimate details around the water cooler at work about almost anything….other than money. Talking about money https://www.forbes.com/sites/learnvest/2017/02/13/talking-about-money-can-improve-your-bottom-line-heres-how/#56f7d3f92f23 opens up a dialogue to gain input, insights and other people’s experiences. You don’t need to be worried, happy or sad about money on your own, many other people will have valuable experiences that we can all learn from, but since so few of us talk about money, we aren’t helping each other. The more we talk about it the more we can all benefit from a different point of view.

Watch Your Wishes

Often, we connect ideals of money with joyous emotions, you assume that you will be happier if you can buy something new, or go on a vacation. Often ‘money’ is the reason why you can’t have those things and becomes a word that not only represents the actualcurrency of the dollar, but more importantly, it becomes the reason why you can become so emotional about the decisions surrounding the word. Your emotional connection to money gets blamed for the reasons why you cant be happy, or purchase something newer. You can get caught up saying “I wish I had as much money as the jones” or “I wish I could trade better” this ‘wishing’ just sets you up for more disappointment. Often just changing your vocabulary when it comes to money can help you stay grounded. Thinking or saying the words ‘wishing’ with money will only perpetuate the feelings you have about never being able to attain what you desire. Your experience can change when you begin to set forth a plan to earn/save/invest, to create the steps necessary to achieve the goals you have for yourself. Money isn’t the barrier to wants, it is our outlook and our ability to set out what you really want to do, sure money is a catalyst to get there, but wishing for more, or to be like someone else wont actually help you get there. When you remove emotional vocabulary, you become one step closer to getting what you want.

Make a Timeline For Your Money Plans

We all talk about what we want to do down the road, plans we will make tomorrow, and reasons why we can’t start today. According to Shlomo Benartzi, we are very good at putting things off when it comes to money https://www.ted.com/talks/shlomo_benartzi_saving_more_tomorrow . Unfortunately, the waiting for ‘a rainy day’ type thinking when it comes to money also connects too many emotions to the word. It is easy to feel bad about money, feel embarrassed that we haven’t done what you were supposed to do. How many times have you heard terms like “you should save more, you need a retirement savings account, spend less”. These are all terms that are repeated over and over again and always had to do with things we should do (and often what we haven’t don’t already). These terms make us feel bad, so it is no wonder that we have very emotional connections to the term money! So, in order to help combat the feelings of what we ‘should have done already with your money’ or ‘what you are going to do tomorrow with your money’, start building a plan, even a tiny plan of something you can do today. Ask yourself, what can I do today with my money? (and by the way, I think it is perfectly fine to say…today I am buying myself a latte…today I’m going to splurge, don’t feel bad about spending money, but a spend today needs to be part of the plan for tomorrow.