How Do You Value Money?
This is the first part of 3 articles on the subject of how people value money, their challenges with money and where these perceptions and challenges derived from. This is a lengthy article so I broke it down into three parts for easier reading.
The topic of money is something everyone can relate to. It does not matter which country you call your home, in order to provide for yourself and your family you need some form of currency. There are some people who believe money is the root of all evil, while others look at money as the foundation for their dreams coming true. My belief is money is neither good nor evil, it’s just money and it is the people and their intention behind the money that determines whether it is for the good or evil.
I was fortunate to have had the opportunity to attend a seminar recently and one of the topics of discussion was how different people relate to and value money in different ways. We all were given an assessment and the results gave us insights to how we relate to different areas of our life including money.
We All Share Something in Common With Money
I was very intrigued and surprised when people began sharing the results of their assessment with the group and what the results meant to them. There was a common denominator in everyone’s story, including my own. The one thing that we all shared in this exercise was our money values and challenges were formed at a very early age. It mattered not whether the challenge was:
- Over spending
- Over saving or hording
- Not having clear money goals
- Not keeping track of finances
- Not making enough money
- Fear of losing money….along with many more challenges.
The one thing that bound us together was the way our parents related to money and their finances had a significant impact on how we now value money today.
As I continue with this article, I want to make clear this is not going to be one of those “poor me, my mom and dad screwed up my life” articles. I believe as adults we are responsible for the decisions we make in life and being a parent myself, I also believe the majority of parents do the best they know how. That being said, very few will argue the point that the way parents view life and life’s circumstances will directly influence the views of their children as I know my views have influenced my son and daughter.
In part 2 of “What Are Your Money Issues,” I will share my personal story and how it affected my relationship with money.
If you would like more information on the assessment, how you can take it and what it can improve your life please contact me at slawek@menofaction.com.
Slawek Polinski
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Life is not meant to be a spectator sport. Your life was not created to be watched from the sidelines. It was created to be lived fully and with passion. Are you ready to jump in the game?
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