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.
48:18
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Quick takeaways
- Recognizing and addressing psychological barriers like feelings of unworthiness and negative beliefs is essential for improving financial behaviors.
- Creating a personal money narrative helps individuals understand their childhood influences on financial decisions, facilitating positive change in their money mindset.
Deep dives
The Importance of Diversification in Investing
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