This is an article that discusses the 7 different emotion states that will affect the way you manage your money and hence achieve the different results. So just change your emotion on money today and achieve whatever you want to tomorrow.  

In personal finance, it is not about how much knowledge or certificate that you have. If you are a multiple degree holder, this doesn’t mean that you can manage your money very well. It is not 100% guaranteed that you will be financial free, wealthy and rich if you are a straight A student.

Money is an abstract thing and so is the personal finance. This is because, in most cases, money will directly affect our Emotion.  

For example, if you are degree holder, I can say that your IQ is above the average but not for your EQ. Your emotion or EQ is not about how much you learn, instead it is about how good you are in self-control. So even a degree holder, he/she might not be able to manage their money very well or even fall into the trap of debt simply because they cannot control their emotion on money. I have read and heard a lot of stories that some professionals fall into the deep debt and never be able to come up again. I also heard the stories about how a school-leaver can manage the money so well until he/she has a wealthy retirement.

Type of Emotion that We have On Our Money  

So before we talk about any strategies, know-how and tips on how to manage your money, we should sit down and ask ourselves, what kind of emotion that we have linked to our money. We must clear with this before we can take any further actions.  

Below are some of the emotion states that I know some people have linked on their money:

Worry & Desperate – This is the most common emotion that we can see from those who are deeply in debt. They are worry and frighten each time they receive their bills. This emotion is so big until they don’t even open their bank statement to see and read the figures inside it. They live desperately and hopelessly. I have to tell you that you have to be careful if you have these 2 emotions. They are very destructive that can destroy everything in your life!  

“I have to” - For some people, they know their problems and they also know the solutions. But they still cannot take action properly and permanently. The reason is because they think that they have to do so. I can tell you that if you tell yourself you have to do something, you will never succeed in it. This is because your heart and your mind are not willing to do so. You are not motivated and you don’t have any desire for your financial future.  

Fear – This is another destructive emotion. You feel fear because you are not secure and this will block you from taking any actions. Maybe you fear of losing money and stop you from investing your money and play everything safely. Or maybe you fear of not enough money and this will make you live struggling, frugally and below your means. Or even fear of too much money that blocking you from being wealthy and rich. 

Blame – There are many blamers when comes to money. They will blame their parents for not leaving any inheritance for them. They will blame their boss for not raising their pays. Some of them even blame others for not handling their investment properly and make them losing money. They just blame others for all the financial problems and never sit down and learn what are the mistakes that they have made. If they never realize and learn all their mistakes, the same financial lessons will keep coming.

Deny – I can tell you that I have a lot of friends around me are denier or escapist when comes to money. The most common words they will use are “lazy”, “I don’t care” or “figure is boring”. They simply give themselves some reasons that they can forget about their money management. This is a very dangerous group that can easily fall into the financial disaster. Their future and retirement are in risk but we cannot do anything to help them as they are blocking their mind to accept the facts of money. 

Happiness – Yes, I saw some people are living happily with their money. However, I also can see the problems that this happiness has brought to them – losing control. Let me give you a good example. When you are traveling or on vacation, you are happy right? Yes, travelling and vacation is the most happiness thing in this world. However, in most cases, because of this happiness, people tend to forget about their budget and out of control over their money. They just simply buy whatever they can see. This is why I usually see that people can buy a lot of useless goods from their vacations.  

Unmotivated – My neighbors are coming from this group of people – feeling unmotivated about their money. In their mind, they just keep thinking that if they want to be rich and wealthy, the most important thing is how much they can make. However, in reality, their incomes are low and this makes them unmotivated. One of the most common actions that they take is looking for opportunities or invests their money in lotto games. They simply want to get rich quickly. I can tell you that they will fail as they don’t have any solid plan and financial knowledge to support them to be rich and wealthy.  

Shame – This is the first most powerful emotion that blocking people from controlling their money. They just simply shame on their money, on their debts and on themselves. They think that being poor, in debt and out of money is shame. This will block them from asking proper helps from others and make them just denied their failure in money management. According to financial expert, Suze Ozman, the first thing that they must do is accept and announce their financial problem to others and this only is the way to help get themselves realize their financial problems.

Greedy – Personally, I hate this group of people. They simply do whatever they can to get more money. In some cases, their actions are unethical, criminal and disgustingly. They will never have a long term wealth for in their life.  

Get Control Over Your Emotion and Your Money

Face the real financial problem that you have. It is not about how much money you make that make you rich and wealthy. In fact, it is about how you manage your money and grow it. So start from today, let us break the emotion barrier together. Let us start controlling our money and move forward to the true abundance and wealth!

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