Have you ever stopped to wonder why you find it so painful to part with your money? Or why money seems to slip through your fingers as soon as you get paid?
Are you able to define your values and connect them with how you manage your finances?
Have you deeply examined the fears you have around money, and how those fears influence your financial behavior?
In simple terms: what’s the motivation behind your money management style?
Whether you’ve pondered these questions for years or they’ve never crossed your mind, digging into your money story can shed valuable insight on your financial behavior. Those insights may also help you develop a healthier relationship with money so you can work with yourself, rather than against yourself.
Rachel Cruze, four-time bestselling author, two-time guest of the show, and daughter of Dave Ramsey, joins us today to talk about three frameworks from her new book, Know Yourself, Know Your Money.
These frameworks can help us better understand our money habits. First, we discuss “money classrooms” and how your childhood might influence your beliefs around money today. We chat about seven money tendencies – spectrums to help us identify our values, as well as red flags to watch out for on the extremes. We wrap up the show with six common fears around money and how to overcome them.
Enjoy!
You’ll enjoy this episode if:
- You’re a natural spender or saver and want to find out why
- You have deep-seated fears around money that you want to explore
- You want to improve your relationship with money for the better
- You want to develop greater empathy for how others manage and view money
Resources Mentioned:
- Know Yourself, Know Your Money | Book by Rachel Cruze
- How Dave Ramsey Taught His Kids About Money, with Rachel Cruze | Interview
- The Rachel Cruze Show | Rachel’s Podcast
- @rachelcruze | Instagram
- @rachelcruze | Twitter
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