How do you make decisions about money?
Your choices don’t come out of thin air. They come from internal beliefs and the “scripts” you’re following — whether or not you’re aware of it.
Your money script is like an internal monologue that’s constantly running. It comes from your core beliefs about money. It’s a part of your money mindset.
Researchers have found there are four basic scripts people follow:1
→ Does money stress you out? Do you think money is the root of problems or that it’s a virtue to get by with less money? If so, you’re probably following the money avoidance script.
→ If you think money is the solution to problems or that your success depends on your earnings, you’re more likely following the money worship or the money status script.
→ Or maybe you’re very cautious with money. Do you prefer to pay in cash, instead of using credit? Do you remind others to watch their finances? If you do, you might be following the money vigilance script.
Understanding your money script is incredibly valuable because it says a lot about how you view money and what your personal challenges are.
It’s also a useful tool for recognizing potentially destructive financial patterns, so you can start changing them before they derail your goals.
Trying to reach your goals without understanding your own behavior is like driving down the highway with the emergency brake on — you won’t go very fast and you’ll probably damage your car.
Go ahead and click here to discover more about your money mindset (and why it matters so much).
