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Money, Meaning and a Little Motivation

There isn’t a single person who hasn’t been affected by the financial meltdown. Each of us is being asked to think differently about money, reflect on how much we have...

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Our Having More Money Experts

Douglas Andrew

Douglas Andrew

Owner and President of Paramount Financial Services, Inc.

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Barbara Corcoran

Barbara Corcoran

Founder of The Corcoran Group and real estate contributor...

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Lee Brower

Lee Brower

Wealth trainer, consultant and author

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It's Okay to Be Rich

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One of the biggest obstacles to having more money is holding onto beliefs that conflict with your financial objective. If your heart isn't in it, it’s not going to happen. It's time to confront your money-based biases and overcome them. Each person’s relationship with money is unique and potentially complicated. The idea of money provokes wildly different reactions in different people.

Take Lisa H., for example. Lisa noticed that as her income increased, her spending would go up at an overwhelming rate. Finding herself broke for the third time in 10 years, she did some soul-searching and uncovered a disturbing, but common, belief—that all rich people must be greedy, unkind and lacking compassion. Lisa then realized being wealthy would not change her values and money started flowing back into her life. Conscious of what was driving her old patterns, she started making better spending choices.

Lisa’s story illustrates how uncovering repeated patterns and beliefs can bring about a positive change in your financial situation. Be totally honest with yourself when looking at your beliefs and remember, just because you have some cash in savings for the first time doesn't mean you're a union-busting oil barron. It's ok to have cash.

Read about more successes like Lisa's in our "Having More Money" feature.

Posted: 11/21/09