Which one of these sounds most like you? 🙋♀️ (Let’s be honest- I’m not judging).
No matter which one of those had you nodding your head in agreement, the way you grew up probably had something to do with it.
And if you’re wondering how you can develop a better (and less stressful) view of money, develop better money habits, and start dreaming about what your future could look like, this episode is for you.
She’s back! Yep, the national speaker, podcast host, bestselling author, and money guru also known as Rachel Cruze joined me on the podcast again.
(BTW, if you missed her first SHE Podcast interview go check out Episode 28 on when, how, and why to start saving those hard-earned dollars).
Rachel’s new book, Know Yourself, Know Your Money, explores WHY we handle money the way we do and what we can do about it.
We had a great conversation about what shapes our view of money, how we can improve our money mindset, and the huge role dreaming plays in handing money and saving for the future.
And guys, Rachel brought the KNOWLEDGE. 🔥🔥 Trust me, it’s gonna bless your ears (and your heart and wallet, too).
Rachel kicked it off by talking about how our childhood often determines how we view money. The way we were brought up is like our “money classroom” where we learn how to think and communicate about money.
Not all the money classrooms are healthy though, so we may realize we have negative views or emotions about money that we’ve taken into adulthood.
So, what’s the first step? Figure out which money classroom you’re a part of. Money is mainly communicated verbally and emotionally. And that forms the four money classrooms:
So, do you know which money classroom you grew up in? If you have a negative mindset around money, don’t worry. You can change it – but it will take a little effort on your part.
Money doesn’t have to be a taboo subject. It’s a tool. If we can begin to shift to a healthier viewpoint of money, not only can we fuel the things we really want to do with our lives, but we can also make a greater impact!
It all starts with how you view money. Then you’ve got to address your money habits.
Our own habits can sometimes be one of the biggest challenges we face when it comes to handling money. So I asked Rachel to talk about some poor money habits she sees a lot, and how we can address them.
She named three bad money habits:
Dreaming plays a big role in money management. In fact, my hubby Matt and I have regular “dream-together” dates where we talk about our money and career goals, and what we’re saving for. We ask ourselves WHY we want to save money and what our future could look like with that saved money.
As Rachel said, “whatever your dream is, the money has to follow. When people aren’t saving, they’re not dreaming.”
Let that sink in for a sec.
When you have a dream in mind (whether it’s to travel, build a house, start your own biz or become a stay-at-home-mom), you’re willing to do the hard work because you know what you’re working towards.
Plan regular times to dream and remember your goals. Then set realistic expectations for yourself (with a realistic timeline).
You may have to start small, by saving $1,000 for an emergency fund. Then your goal may be to pay off your debt, from smallest to largest. And realistically, that may take you a few years. That’s okay.
You’re setting the foundation for that big dream of yours. And the earlier you can start, the better off you’ll be.
Remember: small wins add up to big victories over time.
Ready to improve the way you see money and start dreaming again?
Hop in the car, go for a drive and tune into this episode to learn:
You won’t want to miss it!
Want to learn more from Rachel Cruze? Head over to her website at www.rachelcruze.com