Weve each had unique experiences with money and as a result have unique beliefs about money. Beliefs drive action, so the more self-aware you are about your beliefs, the more you will be able to make wise financial decisions that align with your values.
Identify three core beliefs you have about money (ex., Money cant buy happiness. Play the hand youre dealt. A lot is expected of those that have been given a lot. Life is short, so live in the present. Unless I work very hard, I could experience homelessness. Save for a rainy day. Note: do not use these beliefs but create your own).
For each belief, please discuss three things in detail:
Experiences that led to this belief
How this belief could positively impact your life
How this belief could negatively impact your life
It can be helpful to start with brainstorming your journey with money chronologically (even including experiences your parents or grandparents may have had if it influenced your view of money). Think about both highs and lows rather than viewing your life as a one-sided story.
Please go deep here and really think through what your biggest beliefs about money. The more self-aware you are, the more you will be able to identify potential challenges you may have with money and be prepared.
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