What was money like for you when you were growing up?
How did your parents relate to money? What kinds of things did they say about people who were wealthy? What did they say about people who were poor? What are your thoughts about becoming very successful and/or wealthy? As you read the descriptions below, see if you can identify yourself in any of the four money types. Determining your habitual way of being with help you create a better relationship with your money. Once you “get real” with your money, the denial and resistance dissipates, and you start getting into Universal Flow with money. Fear that you once had is replaced with a sense of confidence, security, and knowledge.
The Four Money Types
1) The Big Spender:
- You spend freely and make spontaneous purchases
- You feel strong and powerful while spending money
- You’ve typically got a high credit card debt
Homework: Start spending in balanced ways. Create a budget and stick to it. Start tracking where your money goes.
2) The Scrimp & Saver:
- You always know how much money you have.
- You’re always worried about saving enough.
- You tend to pass up great opportunities.
Homework: Make sure you don’t pass up the joy of living. Create an account for “fun money”. Take advantage of opportunities that enrich your life, even if they cost money.
3) The Avid Avoider:
- You DON’T often look at how much money you have.
- You tend to avoid opening your bills and place them somewhere you don’t see them (out of sight out of mind).
- You feel stressed and anxious about money.
Homework: Start opening your mail and reviewing your bank balance daily. Become organized with money; money is not attracted into chaos.
4) The Merry Martyr:
- You’re a service provider who pushes money away.
- You’re more likely to be of service to others than to take care of your own needs.
- You get by with less and you don’t want to charge much for your services.
Homework: Examine your core beliefs about money. Did your mom or dad work very hard for very little money? Consciously bring in new beliefs about money.
Most of us fall into one primary type, although it’s possible to have overlapping types. You may have been a different type under different circumstances in your life. This is not the time to get into self-judgment. Don’t beat yourself up over your money type.
How To Create New Money Beliefs & Patterns
- Keep a Money Journal
- Read and study books
- Get outside help from someone to hold you accountable
- Acknowledge all you have/receive with gratitude
- Write out a list of NEW money beliefs you want to have
- Change the old money program into a new money program with help from a mentor.
- About Business Debt: Lots of investing in the first few years of any business is needed. You might find yourself in debt, even if you are generating new clients. If this is true for you, know that you are not alone and you didn’t do anything wrong. Getting some help from a mentor could benefit both you and your business.
