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Entries in money stress Modesto (2)

Monday
Sep262011

Can You Ever Be Too Rich or Too Thin?

"You can never be too rich or too thin."  Babe Paley, 1950s socialite 

Did you know that wealth and weight issues are often tangled together for women? 

Women will go to extreme measures to look good and spend thousands of dollars over a lifetime on diet products, clothes and shoes and justify the expense for reasons that vary from:  "I have to look good for work," to "I'm working so hard I deserve this." By the way, that same justification works for food as well as shopping. Some women shop (or eat or restrict eating) to fill time because they're bored, or for the adrenalin high that comes with shopping anticipation.

These are not bad or wrong behaviors or feelings but they only work temporarily to make you feel better and they can dilute your power and productivity. 

Weight and money issues are self-esteem issues. Insecurity and the advertising industry drive the multi billion dollar dieting industry, pressure women to have more clothes than they can wear, purchase designer bags and shoes, and develop wasteful spending habits. I'm not saying it's not fun to spend money, but to take charge of our money women need to be very MINDFUL of what the energy it takes to earn money and where their money goes. 

Here are some questions to think about:

    Guesstimate how much you've spent in your lifetime on dieting books, videos, products. (Don't include gym memberships you actually use for health or fitness).

    What's your annual budget for clothes?  If you don't have a budget or know how much you spend you need to.  Guesstimate  how much you really spend each year on clothes, purses, shoes, jewelry.  How much of this is is a need or a want?  How much of the dieting or spending is to distract yourself from anxiety or emotional upset?  Remember what Peggy Gardiner, the Organizer said:  A shopping need is to replace something worn out, a want is anything else.  (I think that's a little stringent, but good to think about.) I hope this fuels some thinking & discussion.

If you're in business for yourself how much do you invest each year on education, self-improvement, business or financial education compared to what you spend on dieting or clothing?  Be honest and gentle.

 

 

Tuesday
Sep062011

Love or Hate Relationship with Money?

You may love the money in your life or hate it, but you are definitely in a relationship. Your relationship with your money could be healthy or unhealthy, conscious and involved or mostly ignored and avoided. Deborah Price says, “We have a relationship with anything we are connected to or dependent on.” Many of us don’t think about or evaluate our relationship with money though it touches our lives every single day. And, depending on how we treat our relationship with money, it can be our friend or foe because it mirrors back to us exactly what we put into the relationship. 

If you’re not sure what your relationship with money is try this short exercise:  Think about money and write down the first 5 words that come into your mind. As short as this list is, it will tell you something very quickly about whether the part of you that sits under the surface (your subconscious mind) views money as positive or negative. (And, it’s the subconscious mind that we need to understand because it often runs the money show especially in times of stress).

Let’s say the words were something like: scary, overwhelming, secretive, fun, never enough. I’m just making this up now, but if my relationship with money is influenced by this type of “shadow” energy which means what I really think that's under the surface, I may find myself going along just fine, not thinking much about money as long as things are stable. I also may spend money and keep it a secret from my partner because I don’t want them to get “mad” at me, or it’s my way of exerting some control with my husband. When a financial challenge comes along – blam – that feeling of overwhelm hits and I avoid dealing with the money problem, and we know how well that works, right?

So, now what? You may have a glimpse that there’s more to your relationship with money than just your paycheck or the bills you pay. Tune in tomorrow for how to understand your relationship with money by looking at your parents relationship with money. As Deborah Price says your ability to change your relationship with money lies in direct proportion to your level of consciousness or awareness about money. So, let's explore our money relationship.