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The Bizarre Way Your Money Story Hurts You

  September 1, 2020  |    #Eliminate Debt

How does a money story effect you?

So, you desperately want to improve your financial life, but you just can’t seem to get ahead. It might surprise you to learn that your money story is what’s sabotaging your financial security. But how do you change your beliefs about money to set yourself up for financial success?

Listen for advice on counteracting money story beliefs

Make your money story a success

On this episode of Queer Money®, we’re sharing the three most prevalent money stories, explaining how our subconscious beliefs about money influence our actions and why so many people who make millions still live in scarcity and fear around their finances.

We go on to discuss the habits that characterize a NEVER ENOUGH money story and explore what keeps the JUST ENOUGH-ers from growing their financial security—even when they earn more money. Listen in for insight into the benefits of adopting a MORE THAN ENOUGH money story and learn what you can do to cultivate an abundance mindset and improve your quality of life, no matter how much money you make!

“You can have a lot of money and still feel poor. Oprah is famous for saying, ‘Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.’”Click To Tweet

Topics covered on money stories

How we define the phrase ‘money story’

  • Creates beliefs about how money works for/against us
  • Thinking money is bad leads to pushing it away

Money Story #1: There’s NEVER ENOUGH

  • Least beneficial, characterized by scarcity mindset
  • Doesn’t matter whether rich or poor

The habits that characterize a NEVER ENOUGH

  1. Worry about money regularly
  2. Avoid checking OR check account balances too much
  3. Spend on big non-essentials and neglect essentials

Money Story #2: There’s JUST ENOUGH

  • Characterized by ‘living on the edge’
  • Financial security doesn’t grow with paycheck

The habits that characterize a JUST ENOUGH

  1. Spend all income, minimal savings or investments
  2. Spend bonus before receiving it
  3. Can cover expenses but can’t get ahead

Money Story #3: There’s MORE THAN ENOUGH

  • Most practical, best opportunity to get ahead
  • Spend less than what they make

The habits that characterize a MORE THAN ENOUGH 

  1. Consistently put money in emergency savings, investments
  2. Appear better off physically and emotionally
  3. May or may not be rich, don’t necessarily look it if they are

Our advice for people who want to get ahead with their money

  • Explore money story, emotions attached to spending
  • Adopt habits + mindset of MORE THAN ENOUGH

Resources for your finances

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