\u201cIt\u2019s like a mindset with anything else. It\u2019s actually our beliefs. So it\u2019s the stories that we tell ourselves that we then act upon through life. And so they become self-fulfilling prophecies,\u201d Moore said.<\/p>\n
Those scripts usually start young and feel true because they\u2019ve been rehearsed for decades.<\/p>\n
\u201cWhat did you learn about money from your parents as you were growing up? … what\u2019s your very first memory of money? Was it something positive or was it something not?\u201d<\/p>\n
Mindset shows up in outcomes, not intentions. If your results don\u2019t match your effort, Moore suggests stripping out the excuses and looking squarely at behaviour.<\/p>\n
\u201cWhen we look at our behaviours that have led to these results, you\u2019ve got to cut the story out and just go, well, what did I do? Well, I\u2019m deep in the doggy mire and debt because I overspent.\u201d<\/p>\n
Moore says budgeting, apps and investment plans are all useful tools, but evaluating our money mindset should be the number one priority. <\/p>\n
\u201cIt should be at the top … There\u2019s all these things that are very high at the top level here that we should be doing, that quite frankly come from maths. They don\u2019t come from the emotion. They don\u2019t come from the fact that we have a very emotional attachment to money. We want money to do things that money was never designed to do.\u201d<\/p>\n
If you\u2019re one to reward or comfort yourself with retail therapy, there may be an unexamined money story spending on your behalf.<\/p>\n
\u201cMoney is so easy to use to regulate our emotions when there\u2019s so many other ways that we can do it. But money\u2019s easy. And it\u2019s shoved down our throat all the time. Everywhere we go, sales, special, buy now, pay later.\u201d<\/p>\n
If you keep stalling at the same income or savings level, Moore says it could be a case of your mindset limiting you.<\/p>\n
\u201cYou\u2019ve got this story that says, you know, I\u2019m not worthy of money. So you\u2019ll reach a certain point and your beliefs will stop you earning any more income or generating any more assets.\u201d<\/p>\n
Moore says once we have a handle on what our money stories are telling us, we can work on rewriting the narrative. Then the money management part can be learned.<\/p>\n
\u201cManaging money is a learned skill. In the same way you can learn to ride a bike and you can learn to read and write, you can learn to manage money.\u201d<\/p>\n
Listen to the full episode of The Prosperity Project<\/a> for more on:<\/p>\n Dealing with avoidant partnersWhen to bring in a mediatorCultural clashes around breadwinningPractical ways to rewrite unhelpful money stories<\/p>\n The podcast is hosted by Nadine Higgins, an experienced broadcaster and a financial adviser.<\/p>\n You can follow the podcast at iHeartRadio<\/a>, Apple Podcasts<\/a>, Spotify<\/a> or wherever you get your podcasts. New episodes are released every Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cIt\u2019s like a mindset with anything else. It\u2019s actually our beliefs. So it\u2019s the stories that we tell…\n","protected":false},"author":2,"featured_media":74335,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1443,1863,138,11662,7491,21666,15472,185,7494,13840,58272,9086,300,130,111,139,69,3263,20586,1954,14040,39545,223,5662,197,1959],"class_list":["post-74334","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-about","tag-back","tag-business","tag-difference","tag-earn","tag-holding","tag-invest","tag-is","tag-less","tag-like","tag-maths","tag-mindset","tag-money","tag-more","tag-new-zealand","tag-newzealand","tag-nz","tag-project","tag-prosperity","tag-simple","tag-spend","tag-terms","tag-the","tag-think","tag-you","tag-your"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/74334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=74334"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/74334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/74335"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=74334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=74334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=74334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}