Well I didn’t used to put it quite so baldly, but when I read this post Rewrite Your Old Stories and Move On I was reminded of advice I give to clients.
If you aren’t doing well with your money, or if you have an unhealthy relationship with it, you likely picked a lot of it up from your family of origin. It’s time to get new parents.
Look around you. Who do you know who has a few years on you, and is doing well for themselves financially?
Adopt them as new role models and seek opportunity to learn from them (or him or her). If you are comfortable enough, start having conversations with them about money. You could ask questions like:
- What are the top three financial habits you think everyone should have?
- If you could do one thing differently, what would you do?
- What do you think makes the difference between people who struggle with money and those who thrive?
Those are reasonably non-threatening questions and if the conversation goes well, you could ask more meaningful or specific questions at a later time.
In addition to asking questions, observe them. Not creepily, of course!
- what are the cues to you that they are savvy with money?
- What about the way they are with money do you aspire to?
- What are the differences in how they behave with money and how you do?
Readers, time to chime in! I’m interested: What have you learned about money (good things!) from people other than your family? And what is the best thing about money you learned from your family?
OK – I’ll go first. From non-bloodline “parents” I learned how lovely it can be to be gracious with money. And from my family, I learned the empowerment of creating an income from entrepreneurship instead of a job. Over to you!
update: for a recap of all Sept Money 101 posts, click here