What Is Your Relationship With Your Savings?

 

Savings is an important aspect of your relationship with money. You may earn a lot of money, but if you don't have a strong money mindset, you may not actually save any of it. You may spend everything that you earn and potentially even have debt around that, too. For that reason, saving is a good indication of the strength of your relationship with money.

I want you to keep in mind that we all have what's called a mind-body connection around savings. What this means is that you currently have certain beliefs around savings and you also have certain feelings and emotions about savings.

A good way to find out what those feelings and beliefs are is by answering a few quick questions: 

  1.  How much do you have currently in savings?
    Make a mental note of that.

  2. How much would you like to have in savings?
    And particularly note if there's a gap between what you have and what you'd like to have.

  3. The third part is, based on where you are right now, so you know, your current level...
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Your Money Mindset: The 6 Types of Money

 

One of the questions I get a lot from people as a coach is around whether or not people have a good money mindset. Many people think that if they can resonate with concepts like “abundance” then it means they have a good money mindset. And while abundance is a great thing to focus on, that doesn't necessarily mean that you've got a great mindset around money.

Whenever I'm talking about money, I really like to get into the specifics. When I’m coaching my clients, we don't focus on concepts like abundance. Instead, we get down to the nitty-gritty of it and actually talk about the different types of money.

Today want to give you a quick intro into six types of money that I actually focus on.

Later this week I will go into each of these types of money in more detail.

The first type of money is savings. Can you save money? Have you ever been able to save money? And how do you feel when you think about saving money?

The idea of savings might make you feel...

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