This archive report was first published on 18 September 2021.
Money is a vital aspect of our lives, and yet many of us struggle to maintain a healthy relationship with it. According to Edith Siddondo, a money coach and founder of Profit Acumen, our relationship with money is deeply personal and influenced by our thoughts, emotions, and behaviors.
As Siddondo explains, 'money has a life of its own,' meaning that we cannot control it, but we can control how we choose to relate to it. By understanding the value of money and its meaning, we can begin to relate to it better and find what we truly need.
One of the key factors that affects our relationship with money is our mindset. Our spoken words and thoughts have a direct impact on our access to money, and negative statements about wealth and the wealthy can limit our chances of achieving financial success.
As Deborah Price notes in her book 'Money Magic,' 'every relationship that holds a significant value in our lives is a living energy system that needs attention, understanding, and nurturing. And so does Money.'
Our childhood experiences and attitudes towards money can also shape our adult relationship with it. For example, if we were punished for losing money as children, it may affect how we relate to money in our adult lives.
Ultimately, our ability to attract and manage money is influenced by our unique set of beliefs and attitudes about it. By cultivating a healthy money mindset, we can make informed financial decisions and achieve our goals.
It's also essential to note that our relationship with money is not just about accumulating wealth, but about finding fulfillment and growth. As Siddondo says, 'life is not about me, life is about others, so my fulfillment comes from growing and giving.'
By adopting a creative and purposeful approach to negotiating and giving, we can build stronger relationships and achieve our goals in a more meaningful way.
