I find it interesting how many of us look for financial and investment advice from the gurus, all the while, not understanding that our relationship with money is deeper and more intricate than that of just a commodity.
What would your relationship look like if you were dating money? The truth is you ARE dating money! You’ve just probably never thought of it that way.
So humour me. If you were dating money; what type of partner is money? What type of partner are you to money? Do you take everything you can and then when he / she isn’t there you make snide remarks behind their back about how they’re never around when you need them?
Do you secretly hate money?
What are the relationship dynamics between you and money? For instance do you ignore the day to day admin of the relationship?
You know, like in a relationship with a real person, you call and sometimes even when you’re tired, you listen to your partner. You make time to communicate and check in with how they’re feeling. Yet with money you don’t really check in. You don’t know what’s in your bank account.
Sometimes money needs to be spent and other times it needs to be saved. But if you’re not committed and connected with your money, you won’t know what it needs.
Your relationship with money
So let’s think a little more about what a relationship means. In my experience there are seven fundamental aspects to a successful relationship:
I understand that what I’m suggesting might be a little too much stretch of the imagination at first but try it. Just for a moment sit back and think about your relationship with money.
- Do you know what you spend on?
- Do you know what drives your behaviour with money?
The key to financial wealth is not just investing in the right trusts, stocks or bonds. The key to financial wealth is about understanding your unique relationship with money. It’s about understanding what money means to you and your vision for your life together. It’s a different perspective but sometimes that’s just what we need to take us forward.
Suggested Reading: The 6 Steps of Financial Planning