Are you aware that your childhood experiences can influence your money mindset? You may not be aware how deeply your life experiences influence the decisions you make regarding money and finances—and how destructive it can be.

 

In this episode of My Extra Mile, Allan and Lari Hilzinger join Dave T.S. Wood to share some exercises that can help you overcome negative beliefs and reprogram your money mindset. If you need some money tips that will help move your future in the right direction, this is the episode for you.

You will want to hear this episode if you are interested in...

 

• How your childhood influences your money mindset
• The biggest impact on Allan and Lari’s money mindset
• How to reprogram your money mindset
• What you can do today to change thoughts
• How to make behavioral change regarding money
• Money tips that help you have a healthy relationship with money
• The right mindset opens you up to new opportunities

 

Where is your money mindset rooted?

 

Allan & Lari have been through their fair share of ups and downs with money. Lari remembers feeling responsible for money at a young age. She’s experienced having it all—and having nothing. It took her a long time to realize she was repeating childhood patterns in her adulthood. It was pounded into Lari that you need to work hard for everything in life. A lot was expected of her, and she was expected to show up for her family and her community.

 

Allan never had money as a kid. He was talented in sports but putting pressure on his parents to help pay for gear, travel, etc. was out of the question. They always had enough to get by but that was it. Despite it all, his Dad always said: “At least we’re happy.” Allan grew up with the mindset that people who have wealth just happened to get lucky or they came into wealth. He would gamble thinking if he could get lucky, he could make money. Instead, he got himself into a lot of debt.

How do you reprogram your money mindset?

 

Lari and Allan point out that you must acknowledge and understand that your money mindset has stemmed from everything you’ve experienced and modeled up until this moment. To overcome your mindset, you must dig deep into where it comes from. One of their money tips is to write down what your mindset is, look at it, understand it, and accept it. You must learn to appreciate that it’s the journey you’re on.

 

Lari took a course—that she talks about in depth in this episode—where she realized that she always ran to her Dad when she was in trouble. Do you run to someone else to solve your problems? When things get tough, where do you turn? Can you reprogram your actions? Keep listening to hear their thoughts.

Making behavioral changes regarding money

 

You have to be open to change. One of the money tips Lari and Allan recommend is learning one new thing about money every day. Turn your cars into universities. When you’re hiking or working out—listen to a podcast or read a book. Your wealth can only grow to the extent you grow yourself.

 

Another one of their money tips is to surround yourself with people who are in a better financial position than you so you can learn from them. Who are the people in your life that do have a handle on their finances? Ask them questions! Recognize that behavioral and mindset changes are a continual shift and change that will require effort.

 

Lari and Allan emphasize that you must also take responsibility and start budgeting. Budgeting is NOT a constraint—it’s a freedom. How can you live your life with the money you have? It’s the best way to set yourself up for success. Verbalize where you’re at and what you want. Know and understand that it’s a journey—you can’t change it overnight.

 

Lari and Allan got clear on what they wanted, they set goals, and they took action. They were focused on their goals—and then the money came. Where focus goes, energy shows. How do money archetypes play in? What are the archetypes? Listen to the whole episode to learn more!

Connect with Allan & Lari Hilzinger

 

• Follow Allan & Lari on Facebook: https://www.facebook.com/allanandlari/
• Follow Allan on Instagram: @AllanHilzinger
• Follow Lari on Instagram: @LariHilzinger
• Follow Allan on Twitter: @AllanHilzinger

 

Connect with David T. S. Wood

 

• Follow David on Facebook: https://www.facebook.com/davidtswood
• Follow David on Instagram: @DavidTSWood
• Follow David on Twitter: @DavidTSWood1