The Financial Responsibility of the 99%: Time to Put Your Big Boy & Girl Money Pants On!

There is a shared responsibility for the financial condition of the world. The 1% need to share their money more equitably. The 99% need to educate themselves about money and take their power back, or perhaps develop a sense of financial power for the first time. There’s something I realized this year and that’s how ignorant most of us are about our relationship with money. I came to this ah-ha while going through a five month training to become a Certified Money Coach.

Now that I can see more clearly, because my financial blinders have been partially removed, I get how little the collective us really understands about money. What does money really mean to you? Fill in this blank. To me money means________.*  Most people say freedom or security. I like to add FUN. As a therapist/coach/business owner I’ve been interested in making more money, and read at least 50 books about money – how to make it, and make more of it, keep it, save it and manage it.  But there's a deeper meaning to money that remains hidden for most of us.

The anger that the 99% feel toward the wealthy 1% can be a positive anger if it gets channeled in healthy ways. Yes, legislation that favors the 1% disproportionately needs to be changed. But, the 99% also need to take financial responsibility for their money ignorance and lack of power. We need to educate ourselves and there’s no excuse not to because the information is available. In the last ten years, not only do we have books available about the nuts & bolts of money (budgets, making more $$, etc), but most importantly how to change our emotional relationship with money. That’s where the real juice is.

I gave a presentation about Turning Financial Stress into Freedom to a group of multi-level marketers last week. It was really fun. These are folks that still believe in the American Dream and who are hard workers, and goal and success oriented. But, they will only be able to achieve their financial dreams if they understand and begin to transform their understanding of how they emotionally react and respond to money.

Here are 3 things I shared with them that may help you:

1) Raise your money consciousness by knowing how much money YOU need (not your parents, your spouse, your kids, your best friend) to make you happy. Write down that number________.

Research shows most believe that to be between $50-70K a year.

2) What is your earliest money memory?** __________ How does that memory affect your adult relationship with money today?

One woman at the talk shared that as a child she would ask her parents for money and they always gave it to her. Now, as a sales person she has no problem asking for the sale or the check.

3) How did your parents feel, talk about or behave with money? How do the thoughts, feelings & beliefs you developed in your family affect you today? "Your relationship with money is not just about money, it's about everything. Everything you eat, drink, fear & buy." David Krueger

*David Krueger The Secret Language of Money ** Deborah Price Money Magic

Women: Addicted to Stress, Fear & Money?

Ever spend money to calm the stress of a hectic, demanding week? Or grabbed your second Starbucks of the day because you deserve something good? These are examples of what we do to make ourselves feel better when the brain is stressed. We humans like to "think" we are so rational, but don't believe it. Stress makes us much more vulnerable to making less than good decisions. Hello weight gain and expanding credit card debt!

But are we addicted to stress and fear? "The more we reach for the doughnut (the Starbucks, the new shoes) without being conscious of how we're feeling - anxious, stressed, unhappy- the more we cement in the fear that's driven us to reach for it in the first place. In fact, the more we deny our fears with distractions, the more compulsive we become." (Lynn T.S. Intentional JOY)

Ted and Brad Klontz state that the human brain under stress is like a tilted table. Anxiety and fear make us feel off-balance and the brain then looks for ways to rebalance. (Mind Over Money.) Of course, our advertiser based, consumer culture supplies us with plenty of suggestions (commercials anyone?) that sit under the surface waiting for the perfect moment - Friday night, kids fighting in the back seat, dinner to be prepared at home - blam - McDonalds here we come.

An important thing to remember is none of this is really bad or wrong. We are human, flawed and imperfect. That's the deal. We also have choice. It's ok to want to calm, soothe and comfort ourselves. But, how? The gift of being human is that we have the ability to wake up, to become conscious and to practice new behavior. Think about this: Imagine the consequences of more healthy stress relievers? Yoga, breathing, a walk, a talk with a friend are all proven stress busting, brain calming methods that don't leave a residue of guilt. Or, do you continue to seek the easy solution and end up feeling worse over the long run? Start with baby steps. Awareness there's a problem is that first step.