What's in Your Financial Heart?
- Kenneth Remsen
- Sep 14
- 3 min read
I love you! I love you! I love you.
How does that make you feel? Pretty good, right? Is there a connection between emotions and financial matters?
The psychologist Brad Klontz says we have a combination of four money personalities. What are your unconscious biases?
1. Money Avoidance - Do you believe you don’t deserve money? Wealthy people are bad…
2. Money Status - Your self-worth is connected to your net worth.
3. Money Worship–You believe money is the key to happiness. Your solution to your problem is more money. You can never have enough money.
4. Money Vigilance–You are alert, watchful, and concerned about your financial health. They believe it is important to spend less than they earn. They believe it is important to save. The Money Vigilant are less likely to buy on credit. They spend what they can afford.
I encourage you to take the quiz.
How do you feel about money? Anger, worry, despair, anxiety, vanity, pride, or arrogance.
To shift your perspective on money, I suggest writing down on a piece of paper under the heading “Money” and listing key areas like values, respect, happiness, and relationships. Does it take money for us to be valued and respected? No, we can reach our goal directly. But what if our subconscious believes money is the foundation? Can you see the millionaire with Money Worship, on autopilot, spending their entire life making more millions?
A little more about perspective: George Kinder is the financial advisor to financial advisors.
George Kinder Three Questions
I want you to imagine that you are financially secure, that you have enough money to take care of your needs, now and in the future. The question is, how would you live your life? What would you do with the money? Would you change anything? Let yourself go. Don’t hold back your dreams. Describe a life that is complete, that is richly yours.
This time, you visit your doctor, who tells you that you have five to ten years left to live. The good part is that you won’t ever feel sick. The bad news is that you will have no notice of the moment of your death. What will you do with the time you have remaining to live? Will you change your life, and how will you do it?
This time, your doctor shocks you with the news that you have only one day left to live. Notice what feelings arise as you confront your very real mortality. Ask yourself: What dreams will be left unfulfilled? What do I wish I had finished or had been? What do I wish I had done? [Did I miss anything? ]
p you move to financial well-being, I developed a few simple steps. I call it reverse budgeting!
1. Be open to learning new skills
2. Control your expenses.
3. No matter how much you earn, save 10% of your income.
4. To motivate you to save, develop three financial goals. For example, Own Your Own Home.
5. Rate these goals in terms of excitement from 1 to 10. Replace any goal that is not 9 or 10.
6. Set up separate accounts with unique, exciting names to make the goal specific.
7. Create a timestamp for each goal.
8. Create a vision board to visualize what your 3 financial goals look like.
9. Automate the saving process to the three savings accounts.
10 . Ask yourself how you are going to feel after achieving your first, second and third goals.
Finally, the call to action.
Teach someone else these concepts.
Check in with a financial counselor or Certified Financial Planner® to continue your quest to become financially independent. cognizing and releasing negative emotions such as apathy and fear, and embracing courage and acceptance, you can master your relationship with money. Make inner happiness independent of wealth. Become independent of the outer world and no longer be influenced by it.
Move up the emotional ladder in all areas of our life, including money, letting go of apathy, despair, fear and anger to embrace courage, acceptance and love. Develop mastery over your life and money.
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