Legacy of Poverty and How
To Change Your Stinking Thinking
While I was an undergrad at South Arkansas University, in Magnolia, AR., I conducted my psychological research on, “Why We Fall In Love With Who Do”. In the yearlong research, I found that our beliefs about our relationships and why we choose to fall for some and not others, is learned from our parents interacted with one another, which became the blue print of what we expect from a relationship. Our spending habits, also learned from our parents, is more about the beliefs and behaviors of spending habits of how they utilized the resources they have. If your parents lived paycheck to paycheck, in most cases, so would their children. Regardless of wealth or poverty, our beliefs about how we save for a rainy day, or cash runs through our hands like sand from the beach, is a learned behavior; which you can unlearn, if you are smart enough and brave enough to step out of your comfort zone. Unless, the parents decided they wanted a better life for their children, and decided to break the generational cycle, by learning new financial skills to pass down to their lineage, the next generation would likely pass along the same spending habits they learned from their parents.
If the parents, paid bills and bought groceries first, then bought what the kids needed, as many families do, they will find themselves never having enough month, at the end of the money. If, by chance they learn new skills, like cutting back on buying things you don’t need, you can’t afford, or frivolous things that end up in a drawer or the bottom of a toy box, and usually break, it will be hard to get ahead.
Robert Kiyosaki, says to pay yourself 10% first. This sounds lubricous to people who cannot afford to waste a dollar, but the reasoning behind it is very simple. If you start a savings account with the 10% saved, when something breaks, or there is a job loss, or some other catastrophe, as life gives us many times, you will have money set aside to counteract these costs, or the majority of them, and you will not have to take out a loan, nor put it on credit, where you have to pay for it two to three times over; nor will you have to borrow from a Payday Loan service. You do not see Payday Loan services in wealthy neighborhoods, waiting like vulchers for your bad luck.
Most of our spending is over spending at the grocery store. My suggestion is to cut back on junk and buying prepackaged items. Cook dinners in a crockpot or make leftovers your family can eat on during the week. Make up small healthy packages of fruit, vegetables, and healthy snacks, that are readily accessible; that is usually what people grab from the kitchen, something quick and simple.
If you see something you just can’t live without, sell something from around the house you have not used in a while, and you no longer want (don’t sell other families things without their permission :). You can have a garage sale, pick up extra work, or turn your hobby and the things you create into a part time business. David Drews, from Renegade University and Financial Independence has a list of ways to make extra money. You can find his suggestions at http://www.mastermind-university.com/quick-cash-ideas_ways-to-make-money.php
Some other financial tips are at http://www.pinterest.com/conniesmiles/money-thoughts/
How we let things go, how we do not set healthy boundaries, how we spend our money, how we are afraid to fail, and we are afraid of rejection, all stems from three beliefs we have of ourselves.
- We are afraid of failure. If we try, we may fail, so you don’t try to follow things through, living a self-fulfilling prophecy.
- We are afraid of rejection. No one will want me or accept me if they truly knew who I am. The right people who are meant to be in your life, will love you and accept you the way you are. “Do not let the opinions of others, define who you are”! Connie Lee
- We feel unworthy. People in your life may have continually put you down to make themselves feel better, which is a psychological term called, “Leveling”.. That has nothing to do with you, and says everything about who they are. Be proud of who you are. You are loved, accepted, and you are very worthy! You may lose a few friends, but you have to surround yourself with people who are on the same mission as you are, or like-minded people.
Now, that you have insight on how to save money and change your limiting beliefs, I know you can live a more abundant life. “Every needless expenditure we make, takes away from our dreams”. Connie Lee. Good luck and I wish you much success.
B.S. in Psychology
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