Show 76 - Overcoming Negative Money Thought Patterns with Becca from Money Beyond Math
In this episode, I talk with Becca Andrews about defining money moments, how they shape our lives, and what we can do to change them.
3/12/20251 min read
Our money thought patterns are usually engrained in us from a pretty early age. We don’t necessary know off hand what those defining moments are, but they continue to shape our saving and spending habits throughout our life, unless we do something about it. The first step is to identify those moments and the associated thought patterns, and then make incremental changes to improve your financial life. Becca from Money Beyond Math joins me to talk about this in more detail.
Show Notes
Recommended Books (Amazon Affiliate Links)
The Psychology of Money by Morgan Housel
Key Ideas
Our money thoughts are created early on and they are usually emotionally based, not logically based.
It is possible to overcome negative thought patterns by taking small steps. 1% change everyday leads to massive results!
Start with the simplest step. Trying to take a huge leap at the beginning rarely works out well.
If you need support, coaches can help you break your negative thought patterns.
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
A common teacher thought patterns is “I’m supposed to be poor”. This teacher vow of poverty is false. You can be wealthy if you make small incremental changes in your life. Don’t give up just because you make a relatively low salary.