When he was a little boy and her brothers were teasing him, or he fell off his bike, Jeff’s Mom gave him a handful of change and sent him to the store to buy something for himself. Some candy or gum distracted him and soothed the hurt. As he grew, the hurts got bigger and the coins turned to dollars.
Jeff felt like a failureWhen I met Jeff and his wife, they had great jobs and earned over $250,000. Jeff was frustrated because they were in debt again. They had diligently paid down their line of credit three years ago, and it had grown back to $45,000. They couldn’t figure it out – they felt like they were responsible, and they knew they made good money. Why was their debt increasing? Jeff felt like he was failing again.
There is the way you DO money – how it moves through your house, your accounts, your business. Then there is the way you BE with money – what you tell yourself about it, the patterns and habits you have around it.
In our conversations about how Jeff and his wife DO and BE around money, we uncovered Jeff’s story about money from when he was a kid and recognized the pattern he created. Jeff was distracting himself from hurts with buying things – new shoes, work out equipment, house things. He was also using the same pattern to to soothe his wife’s hurts with gifts.
Jeff’s story is one example of patterns that we run around money. What patterns are you running? How are you DOING and BEING around money?
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Personal finance expert, Karen Collacutt is founder and CEO of Make Friends with Your Money. Karen works with ambitious people who are making good money but are wondering where it all went at the end of the month. She helps her clients to get clear on their money life challenges and opportunities, matching their money to their goals. They build a plan, confidence and peace of mind around their money. Certified Money Coach and Certified Financial Planner, Karen brings over 15 years of finance and business experience to her clients. Coach, speaker, author and change catalyst for those ready to create a positive and empowered money life, Karen delivers a fresh perspective on how to make friends with your money. www.karencollacutt.com.