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5 Simple Steps to Financial Forgiveness

  March 3, 2020  |    #Tools

How to forgive yourself for financial mistakes

Feeling guilty when you make a money mistake isn’t necessarily bad. It means you care. But some of us get stuck in a shame spiral that impacts our mental health and stops us from making progress. Here are 5 steps to financial forgiveness.

Hear 5 tips to financial forgiveness:

How to learn from financial mistakes and grow

On this episode of Queer Money®, we’re sharing our top five tips for forgiving yourself for money mistakes. John describes his own experience with financial anxiety, explaining how forgiving himself was the first step in fixing his mistakes and moving forward.

We also uncover the results of our Queer Money® Facebook Group poll on forgiving our financial mistakes, discussing how difficult it is for so many in the LGBTQ community to let it go. (Cue Elsa in Frozen.) Finally, we introduce Hal Elrod’s Five-Minute Rule for getting past our frustrations and share several ideas for performing a ceremonial act of self-forgiveness. Listen in for insight on admitting to and learning from your money mistakes and find out how to forgive yourself and move on.

Topics covered on financial forgiveness

Why it’s crucial to forgive yourself for money mistakes

  • Dwelling leads to anxiety, depression
  • Can’t fix a problem when stuck in guilt

The financial anxiety John experienced

  • $34K in debt kept him up at night
  • Had to forgive self to move on

The results of the Queer Money® poll on money mistakes

  • 45% can’t let it go
  • 45% dwell for a second, then move on
  • 7% indifferent

Our 5 tips for forgiving your financial mistakes

  1. Don’t compound guilt with guilt (Hal Elrod’s 5-Minute Rule)
  2. Admit mistake was made
  3. Review to learn from a mistake
  4. Perform an act of letting go
  5. Say out loud ‘I am letting this go’

Resources for financial forgiveness

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