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Sofia Okhrimenko
Sofi
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The main 9 psychological blocks in thinking about finance

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10.09.23
9 min read
The main 9 psychological blocks in thinking about finance

Translated with the help of AI. We apologize for any errors and would appreciate your help in correcting them.

The topic of poker is closely related to the topic of money. And a sufficient level of monetary thinking sometimes allows you to break through your personal ceiling, leading to higher results. But this does not happen for everyone, since there are certain differences and blocks in the "monetary thinking" of each individual. We have analyzed a lot of basic things with you and now you can proceed to the analysis of complex phenomena, so I decided to start with your money thinking. Careful, there will be a lot of material, but I believe that you will master it! In the topic of finance, there are laws that apply regardless of whether you know them or not. Now you can often hear about money thinking, but let's understand in more detail what it is?

Monetary thinking is the level of attitude and your personal interaction with the topic of finance. That is, these are the thoughts, stereotypes and beliefs that are in your brain regarding financial issues.

Conventionally, it is customary to divide it into two types: 

  1. positive – which leads to growth and increase in income;
  2. negative – which, on the contrary, does not allow you to grow in the topic of finance.

Many people are now striving for positive monetary thinking and adhere to the view that money is good, and not dangerous or shameful, as it was thought 20-30 years ago. But there are situations that lead to the fact that a person's income does not grow or even fall, which may be due to the presence of psychological blocks regarding finances. Therefore, I propose to analyze them in more detail for you, so that the topic of finance becomes more open and understandable for you.
So, psychological blocks are those internal beliefs that contradict the real picture of the world. Such beliefs are both conscious – and easier to correct and change - and hidden (unconscious), which were most often laid down in your childhood and now somehow affect your topic of financial well-being.

You do not have a clear understanding of what you need money for and what amounts you need. This is the most basic block, which seems quite funny: after all, how can I not know what I need money for? How can I not know what amounts I need? But, often, people have a strange tendency - there is a desire for money, but there is no certainty in this desire. That is, a person has not put in his head a clear picture of why exactly he needs money.

You can work out this block - first you need to sit down and prescribe exactly what costs you need for each month! What you spend on, what brings you pleasure from these expenses. That is, to indicate in your head what exactly you need money for and in what amounts.

Your money doesn 'T belong TO you OR belong TO YOU. This often happens in families with children. Adults stop spending money on themselves, and to a greater extent carry it into the family and invest it in children, denying themselves what previously brought pleasure. But it also happens that adults begin to give their money to their parents, trying to arrange a better life for them in gratitude for the past. This is certainly a good intention, but not when all their strength and earnings are invested only in their parents.

Caution: This block usually causes serious resistance when realized!  I will share here a story from my work, when a man almost completely gave the money he earned to his parents, since he himself was not married and did not see the need to buy himself something more than was necessary to ensure a normal standard of living. As a result, his income did not grow, the value of money was distorted, and the efforts spent on earning money led to a depressive state, which we eventually managed to work through. Here it is important to realize your place next to money: do they work for you, or only you work for them? And what do you earn them for? If in answering these questions you realized that you work for them to a greater extent and do not spend on yourself, then this is the point from which you should start to change your relationship with money.

Subconsciously, big money looks like a danger. Many people have this block, all these are echoes of the times of the USSR or its collapse. It manifests itself in the fact that a person is subconsciously afraid of big money because of the existing negative stereotypes and beliefs. For example: “The rich are only those who steal.” “The rich can't be really happy”, “Being rich means constantly being in danger because they want to be robbed or have their money taken away” and the like. Men can often have such a conviction: “The woman I meet in a poor state will be tested and will be with me, and I will be sure that she is not with me for money” or “All women need money from me.” There may be many examples, but the main thing is that the human brain at this moment negatively perceives money and does not allow you to earn more than the norm that is now.

No increase in the level of norm. This block manifests itself in the fact that the level of a person's income is growing, and the level of his norm remains at the same level as it was before. Here, the basis of this block is the fear that this money can be lost. Remember that your needs should grow with your income, and sometimes ahead of it. The brain will understand the comfort zone and strive for it, and not avoid money as some kind of dangers.

Infantile attitude to money. Answer yourself honestly when you feel more comfortable: when do you pay or get something for free? And in the first and second options, there are excesses, but if a person loves everything free more, then this indicates an infantile attitude to money. All the changes in our lives come through the price we pay. To increase our income, we need to acquire new knowledge, skills and abilities. Learning new things is always uncomfortable, and it comes at a cost (time, money, effort). And it is more profitable for many to stay where they are now than to spend their efforts, time and money.  When a person gets used to getting everything for free, he does not take any responsibility for the acquired knowledge, skills, etc. All the arguments about "no money", "no time" only say that the brain is not ready to accept the desire to change and comes up with different excuses.

You only socialize closely with people of average income or lower. There is a saying here - "who you hang out with, you will get enough of it." I'm not saying that it's bad to communicate with such an environment, no, everyone has the right to choose their own social circle, and it happens that people grow up, but they continue to communicate closely with friends who earn less than them, which suits both parties. But there is one point that you can try to track: is there disapproval of big money in your environment? Or jealousy when someone grows sharply in income? It happens that the environment with which we communicate closely, as it were, constantly gives the installation that money is bad. For example, this can manifest itself in various phrases and remarks that have a reproachful overtones when someone from around buys something (for example, a new car): “That's why they need another car? They had a good one ", "Now they are all in work, there is no free time for anything ".

Free attitude to money - or lack of savings, and life in one moment. It is important to understand that this attitude towards finance is a lack of understanding of the share of responsibility for your material well-being, so money can abruptly come to you or abruptly leave you, no matter what you do. The root of the problem here is a lack of understanding of this mechanism, which ideally needs to be disassembled for each screw separately.

Money for you is only what comes through hard work. Your mind perceives money hard, as they need to spend a lot of effort and resources, so subconsciously money brings you only a burden. 

One last thing: 

Your generic settings for money. There may be a family story about how someone in your family lost money and then worked it off, a story about debt or poverty, and many other personal stories. Each family scenario is individual and of course works in your mind, so if you see nuances with finances, look at your parents, grandparents: what did they give you in understanding money and finances? What is your personal family scenario?

I think you now have a better understanding of your financial thinking and will find something to think about to sort out your story. And if you are ready to work out this story, then I invite you to my consultation. And I will be glad to receive your feedback!

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