What Shapes Your Financial Mindset
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A combination of early life experiences, cultural influences, and personal beliefs about money shapes your financial mindset. Parents play a significant role in this process, as children often model their attitudes and behaviours toward money based on what they observe at home.
For example, if parents consistently expressed worry about finances or viewed wealth as something unattainable or morally questionable, children might internalise those ideas as truths. This can lead to negative beliefs, such as thinking money is inherently bad or that financial success is out of reach.
Subconscious beliefs about money, often rooted in childhood, can be incredibly powerful. These beliefs operate beneath the surface, influencing decisions and behaviours in ways people may not fully realise.
For instance, someone who grew up hearing phrases like “money doesn’t grow on trees” or “we can’t afford that” might develop a scarcity mindset, making it difficult to take risks or pursue opportunities for financial growth. Even with conscious efforts to earn more or improve financial habits, these deeply ingrained beliefs can act as barriers.
However, it’s important to recognize that these early influences are not set in stone. As the quote suggests, “What matters is not what our parents passed on to us, but what we do with it.” With awareness and intentional effort, you can challenge and reframe limiting beliefs about money.
Tools such as journaling, therapy, financial education, and surrounding yourself with positive influences can help shift your mindset. By taking these steps, you can rewrite your financial narrative and develop a healthier, more empowering relationship with money.