“Emotions Around Money” – how does your money get sidetracked by your emotions? Some people say they don’t have any emotions surrounding money. And then they start talking about money and the floodgates open. I developed the Money Nerve concept by working as an accountant, financial advisor, and business consultant for over twenty-five years. I am thankful to the many people and businesses that I’ve helped who have, in turn, helped me.
I have spent decades sitting across from my clients—most of the time feeling more like a therapist than an accountant. I realize now that many people have money issues because emotions and money are tied together hand-in-hand, Many think they are supposed to know how to handle finances intuitively and can’t –but they are ashamed to ask for help. I see business owners, other CPAs, lawyers, therapists, doctors, and others in major financial crises. I am no longer surprised when clients come in, start talking, become emotional and break down crying. There is a lot of fear and shame surrounding “emotions and money.”
Define Your Emotions aka your “Money Nerve”
It’s time to start admitting, without shame or embarrassment, that we weren’t taught how to handle money (or that we don’t know all the answers). We need to bring our money issues out in the open and start changing our belief system to set ourselves up for success. What pinches your Money Nerve? If you have more month than money, it is time to explore a new pathway toward financial freedom.
Many people are in denial because they don’t want to deal with their financial situation. I had a conversation with a client that went something like this:
Client: I was more upset about coming to see you today than I was about finding out whether or not I had terminal cancer yesterday.
Me: Your priorities are messed up. It’s just money.
Client: I didn’t want to come to see you. My finances are a mess! I almost canceled. Now I’m glad I’m here—you always make me feel better. I know you’re still going to help me and get my mess all straightened out. I’m not sure why I was afraid.
Me: This is only about money. Do you hear what you’re saying?
Client: I know, I know.
Illusion of Money or Vision for the Future
Huge companies like Fannie May, Freddie Mac, or Lehman Brothers built their empires on the illusion of wealth. When the time came to pay up, however, their house of cards came tumbling down. It should come as no surprise that many individuals who make up these companies have the same problems. Many people’s lives are also a house of cards, an illusion.
If major corporations are having problems, you shouldn’t be embarrassed about your personal financial problems. It’s epidemic! FYI, there is no 700-billion-dollar bailout for you. You have to help yourself. Start today by creating your vision for the future. Define Your Money Nerve.
If you liked this post, check out our Ultimate Guide to Financial Freedom.