Australian Finance Podcast 7 money mindset blocks that stop you reaching your goals
Sep 23, 2024
Karen Eley, a Certified Money Coach, shares her expertise on the psychological barriers to financial success. She discusses seven common mindset blocks, including the misconceptions that hard work alone leads to wealth and the impact of parental influences. Karen emphasizes the necessity of self-reflection and transforming scarcity mindsets into abundance by reshaping personal narratives about money. Listeners are encouraged to confront their 'invisible scripts' and adopt healthier financial behaviors to achieve their goals.
AI Snips
Chapters
Transcript
Episode notes
Uncovering Your Money Story
- Uncovering your "money story" involves reflecting on childhood experiences and identifying recurring themes related to money.
- This helps understand current financial behaviors.
The Cabbage Patch Doll
- A client's childhood shame over a fake Cabbage Patch doll highlighted how seemingly small events can impact self-worth.
- This can lead to financial blocks in adulthood.
Fear of Loss
- The belief "money will be taken away" can stem from various experiences, including theft or frequent moves during childhood.
- This can create a fear of getting ahead financially.