Our parents are our first and, for better or or worse, most influential teachers.
Ask Tough Questions
If youre reading this, congrats!
you better free yourself from your money mindset.
Its uncomfortable, which is why it can be so difficult to do, but its ultimately freeing.
Questioning the very foundations of your relationship to money will allow you to start over.
I would also write a list of the ways it no longer serves me.
For example, is it making me struggle with debt?
Is it impacting a relationship?
Is it preventing me from moving ahead in life in some way?
If its starting to sound like therapy, Lee says thats the point.
Undoing habits learned in childhood is extremely hard and will take some soul-searching, she says.
And that one change should mean finding a more positive money role model.
Lowry says the next step is to pinpoint someone you’re free to emulate.
Youll need a mentor to help you get your financial house in order.
If youre really serious about getting it together, you could see a financial planner.
Theyll also hold you accountable for the changes you are trying to make.
Plan Ahead
Most poor financial decisions are reactive, rather than proactive, says Lowry.
The reactive response means that money will be wasted and stress levels will go up.
So build up your emergency fund.
But, this can be difficult to do if your money mindset isnt in the right place.
And know that there will be unexpected challenges.
And finally, forgive your parents, and yourself.
Take it seriously and be patient with yourself, says Laura Boedges, a wealth advisor atHighTower St. Louis.
Recreating your relationship with money doesnt happen overnight.
You may have to work at it, but youll get there.
