Before you can move forward on the road to financial freedom you need to take a few steps backward. By taking a step backward I mean that you have to examine your money history.
Many of us grew up in households where the subject of money was taboo. Your parents never talked about it in a sit down family conference and you certainly never knew how much they made or how much they were worth. It was all a big secret. You may have heard negative statements made about money such as “it’s the root of all evil” or that money doesn’t grow on trees”. Some of us had no clue what type of financial situation our family was in whether it was good or bad. Sometimes money may have been used for manipulation purposes such as, if you don’t do as I say you will be taken out of my will or if you don’t’ do all your chores you won’t get a allowance this week. Women in particular were lead to believe that money management was for men only and it wasn’t feminine to discuss money matters, so consequently feel inadequate dealing with money issues. Many women today still prefer to rely on their husbands to make all the money and investment decisions.
Take a moment and think about your money history because it could be affecting your money management abilities today. Take a stroll down memory lane and see if your past beliefs and values are getting in the way of your financial future. Was your mother a shopper who ran up the bills and hid the merchandise from your father? Did your parents argue about money? Was your family always struggling to make ends meet?
