Home - Denise Hughes Author Speaker Money Coach

psychology of money management




Psychology and money are deeply woven together and most people don’t understand how important this relationship is to their overall happiness.  Your financial picture is greatly influenced by your internal attitudes and beliefs (your psychology) you hold to be true about money? Most people don’t know this and live in their sub-conscious blind-spots way too long.

Do you know your intelligence has little to do with how financially successful you are? Your financial success is more determined by how well you can break through emotional blocks, limiting beliefs and patterns of behavior that distance you from your relationship with money.

The thing is…most people don’t have all that great of a relationship with money, because they project onto money negative thinking and emotional states. Negative thinking and emotions are fueled by fear. Fear causes us to avoid, neglect and procrastinate. Are you beginning to see the link between psychology and money?

Some people earn great money but can’t keep it. It’s almost as if they have a teflon coating with money. Others have a hard time earning and receiving. Some people struggle with saving money. Others spend beyond their means. Some people have chronic patterns of getting into credit card debt, getting out and then going back into credit card debt…never seeming to be able to live debt-free, even if they are high earners. These are examples of money problems fueled by one’s psychology.

Sometimes, we try to finance our internal self-esteem needs with money, which doesn’t work and only grows a deeper empty feeling inside of us. If we don’t know how to truly meet our internal human self-esteem needs (love and belonging, freedom, personal power, and fun) then we can spend enormous amounts of money trying to finance these needs. Here yet is another link between psychology and money.

Your Psychology and Money Portfolio

Your unique Psychological Portfolio is made up of your beliefs, money history, attitudes, experiences and current day behaviors you practice that help create your current money picture. Your Financial Portfolio is made up of your investment and savings account, debt balances, net-worth and earnings. Your psychology and money are linked by an invisible umbilical cord. Your psychology is the blood flow that feeds your money picture. The blood flow is made up of your money mindsets, emotions and financial habits.

Psychology and Money Questions

Ask yourself these questions in order.

  • What behaviors am I willing  to let go of in order to create the financial picture I desire?
  • Would letting go of this behavior help me to reach my full potential?
  • What support and resources do I need to reach my goal?

If you want a different financial picture, begin to examine the relationship between your psychology and money!

Categories: Psychology and Money | 1 COMMENT