Money
Is Poor Man’s Brain Sabotaging You? A Shrewd Mindset Is What Makes Money.
Financial advice is essential for those who think they have no right to money.
I have read many long, convoluted, and possibly stupid articles about most financial advice being useless when you don't have surplus disposable income to save and invest. As a retired financial planner, it seems to me too many are urged to give up — when they should be encouraged.
Often the upshot is to spend your last couple of $$$ on that latte, or manicure, or whatever and make yourself feel good for a short time.
These are very defeatist articles and I occasionally relate to it, for a moment. After all, I am living on a fixed income and eating away at my meagre savings.
Then my mind says "No!" There is such a thing as a "poor man's brain" and it's not what you think.
Poor Man’s Brain Will Always Sabotage A Saving Mindset.
Have you ever found yourself with some unexpected money? Something left over at the end of the accounting period? Sold something or gotten an unexpected boost in your income?
Had a small win?
The immediate response from "poor man's brain" is ‘Wow! That's not what I expected. Now I have money to spend.’
Because "poor man's brain" tells you that you are not entitled to have money left over. You are poor. You are not worthy - so spend it quickly. Before you get "found out", so to speak.
Does this ring true to you? Do you find it hard to retain leftover money?
While I don't suggest that you don't have a legitimate reason to use it to support yourself, before you decide to do that, ask yourself how you feel about spending it.
Is it with a sense of gratitude that you have a little extra to make things easier? Or is your "poor man's brain" urging you to spend it as quickly as possible?
For better or for worse, I am exploring the concept of being in a mindset (usually formed in childhood) that as an individual you are not worthy of wealth.
So any unexpected money generates conflict, anxiety, and actions that waste or fritter the money, so that “normality” resumes.
They believe they are supposed to be poor.
It is all about mindset. No amount of training, financial planning or extra money will make a difference if you have an unconscious/conscious belief that you don’t deserve or can’t have money.
Do you like the term “poor man’s brain?”
Tell me what you think.
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