Are you aware that a person can go through 12 years of formal public education and not spend a single semester on the subject of personal finances? This leaves the majority of us to learn about money and personal success from our family and peers. Its no wonder that poverty breeds poverty, there are parts of our country where we have five generations of family’s welfare, and no one is showing them a way out of that cycle. While personal success comes easy to those born with a proverbial silver spoon in their mouths, financial freedom is achievable to anyone who is willing to work hard enough to obtain it.
Finding the sources of ones current beliefs about money is a difficult and yet an important first step. Most of us have our first childhood memories about the meaning of money. Those memories and beliefs that originated as a child are still affecting most people as they become adults. There are ways that most of us can change the “bad” money memories. One of the ways to do this is to get to the bottom of the times when someone lost money that one made or when ones parents did not have enough money. This could be a difficult idea to grasp for people; most people do not realize the connection between beliefs about money and their current money situation. Once a person can vividly picture these bad money memories one should do as Suze Orman suggested in her book “The Courage to be Rich”. After contemplating the times when someone struggled with money one should write out in a few paragraphs all the details and the feelings that one can remember. The object is to get their feelings out on paper. After someone has them on paper one then needs to take aggressive action now to change those beliefs. One way to start this is see them not a ...