Money Block 1 – My needs come last

The Life and Money Conversations Podcast Cover

Written by Team WFAN

Women Financial Advancement Network (WFAN) strives for a society where women join the financial system in an equitable manner to lead a more meaningful life.

February 16, 2022

Show Notes:

A money block is really a belief you hold about the role money plays in your life. You may be aware of this belief or it may just be a subconscious one. Nevertheless, a money belief is something you agree to be true about money and its role in your life. This concept was pioneered and conceptualised by renowned US-based Financial Planner and Financial Therapist, Rick Kahler.

Sometimes, these beliefs can be very limiting. For example, here is a common belief, no amount of money is enough or money cannot bring happiness or too much money corrupts. These beliefs, if ingrained in our being, can potentially limit us from achieving our aspirations. Hence, it is important not only to recognize hidden money beliefs but also to try and transform them in a manner that is freeing for you. In this episode we speak about a common money belief found generously in women folk: My needs come last. Partha Iyengar and Lisa Pallavi Barbora, have an open and freewheeling chat about how this belief affects women and what can be done to transform it. Some of the contours of this conversation touch upon aspects of why it occurs. Is it a sense of responsibility towards the rest of the family, the role of a caregiver or it is imposed by society? Is this a purely limiting belief or could there be some benefits to it as well? After all, everyone needs some care and someone needs to take on the role, even when it comes to money matters. At the same time, what could be some pitfalls? Taken to an extreme can this behaviour become detrimental for women? Often the way this shows up in our money lives, especially for women, is in the form of a lack of awareness, communication and contribution to any money decisions that impact the rest of the family. She is often left in the dark, only to realise the error when it’s too late. Lastly, we discuss what can one do to change this? The process is not going to result in any overnight success, nevertheless, the transformation from negative beliefs is important.

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The Women Financial Advancement Network🙋🏻‍♀️  Asia’s First Fee-only Women’s Network of Financial Wellness Coaches, Financial Wellness Advocates and Financial Advisers.

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