Positive Beliefs About Money, Good Personal Finance Strategies And How To Use Them

What is Financial Healing?

To me financial healing works on two levels. Firstly and most importantly there’s the level of changing your beliefs.

Work On Your Negative Money Beliefs

Beliefs about money and finances have a huge impact on your ability to save money rather than spend it.

I liken negative money beliefs to what I call ‘mind viruses’. If you have a mind virus, it’s like your PC – no new programs you add, no matter how good they are will increase the performance of your PC,

So if people are not in the financial position they want to be, there are some mind viruses present, and we need to remove those viruses – in our case our negative money beliefs.

So when we undertake financial healing, we’re getting rid of the viruses. And this involves looking at people’s attitudes and beliefs about money and about themselves and changing these beliefs. So we’re getting rid of the negatives and re-imprinting our mind with positives.

Practical Money Saving Strategies

Secondly there’s also the practical side as to what to do with the money – how you can save money rather than spend it all.

Sometimes the savings are subtle. For example my background is in financial services and therefore I know that when people have taken out policies to pay out life assurance a while ago, they may well be able to get that policy cheaper now.

Life Assurance Premiums May Be Cheaper Now

This is because of two factors. Firstly the market is more competitive these days, and secondly there have been great advances in medicine. So if you have a certain medical condition it may not now be rated as highly and hence the policy premiums will be lower.

For example, things like AIDS didn’t quite have the impact that we possibly thought it may have in the late 1980s. And as a result premiums have dropped, so there are various ways of saving money now.

To outline another life assurance example – cover you purchased that was relevant at the time – maybe to protect a mortgage or when you had a young family – may not be relevant now because the children have grown up and moved on.

So your level of life assurance may now not be necessary, and you may be able to substantially reduce your outgoings.

So there may be ways of getting reduced levels of cover that meet your current requirements but will save you money on a monthly basis. It’s always best to explore this in association with a financial advisor that you know and trust.

Financial Healing Summary

Firstly you need to remove any limiting beliefs about money and finance that are preventing you from saving money for your future. This will prevent new, useful personal finance strategies being sabotaged.

Secondly, you need good advice on your current spending to check that it meets your lifestyle needs currently. In our two examples we spoke about life assurance premuims, but you also need to audit all your regular spending areas.

It’s Not Just About Money

Once you’ve dealt with a few negative money beliefs, you may realise something. Often it’s beliefs about ourselves that we need to change. It may be you believe you are not good enough to have good relationships, be healthy and be wealthy.

So there is a bigger picture here; we don’t look at just beliefs about money but we look at beliefs about ourselves.