Are you mastering your finances or are they mastering you?

Have you ever considered that just like any other relationship in your life the same process takes place with money?

When we think of money and finances, you either have a positive or negative reaction. Our reactions are deeply rooted in our early experiences which continue to develop as our experiences increase.

Say for instance you were part of a family unit that never seemed to have enough money for the necessities let alone any of your wants; what sort of view would you have? Positive or Negative?

What if there appeared to be an abundance of money in your family unit and everything you desired was purchased without a thought? Positive or Negative?

Although the examples may seem a little farfetched for some or accurate for others you can see how you can form an opinion early on.

Lesson Summary

Mastering your finances involves understanding the relationship you have with money and how it has been shaped by past experiences:

• Money and finances can trigger positive or negative reactions based on early experiences.
• Early experiences with money influence how we view and handle finances as we grow.
• Being part of a family without enough money can create a negative outlook on finances.
• Coming from a family with abundant money can result in a positive view but may also have drawbacks.

Lesson Summary

When it comes to mastering your finances, it is essential to understand the relationship you have with money and how it has been influenced by past experiences. Here are key points to consider:

• Our reactions to money are deeply rooted in our early experiences and continue to evolve as we gain more exposure to financial situations.
• Growing up in a family struggling financially can lead to a negative outlook on money and finances.
• Conversely, being raised in a financially abundant environment can create a positive perception of money, although there may be downsides to this as well.

Overall, your upbringing and early encounters with money play a significant role in shaping your attitudes and behaviors towards finances as you mature.