Personal Finance Reflection

It doesn't matter how much we try to paint it, the relationship we have with money plays an important role in shaping how we handle money. It translates into our financial decisions, how we earn, spend, and save.
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Some deep emotions and beliefs shaped the way we handle our finances. But if we decide to be honest with ourselves and reflect on those things we consider mundane; we might figure out how we can make better financial decisions and create new habits. This will improve our relationship with money and everything we do will be from a point of understanding.

Once we take this self-examination, we might find that our upbringing and all of the experiences we had around as children might have shaped us. It could be how our parents felt about making, keeping, and spending money. Those things we watch them do and how they reacted to the subject of money will grow into us without our permission. Those deep-rooted beliefs around money have a way of affecting how we handle money as adults because it has been hard-wired into our brains.

When you move past your childhood experiences, and take a closer look, you find other factors that affect the way you see and handle money. Your spending pattern will show you the things you prioritize. If you are always spending impulsively or giving in to instant gratifications, those revelations will allow you to adjust and do better.

Risks are also a part of our financial endeavors that can't be overlooked. If you are not growth-oriented it might be difficult for you to take risks or even invest in calculated portfolio. So to be well grounded and fit to build wealth, you will need to address your feeling and attitude to risks taking. It could be the fear of being poor or failing or even the feeling of inadequacy can hinder your financial progress so you need to work on them.

Moving past all the negative energies around your financial decisions and your relationship with money, you can start making conscious plans for the future. You can start planning to invest, retire or start a business. A good financial plan will help you go past all of the hurdles you might face as you try to secure your future by making good financial decisions.

While doing this, it's important to invest in yourself, because being financially educated will help you make better financial decisions. You will not be able to make better decisions if you are coming from a point of least knowledge and less awareness.

It's possible to reshape our behavior or relationship with money, all that we have to do is recognize that those negative tendencies are there and try as much as possible to get rid of them and start making better financial decisions.


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