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 that can affect both men and women: lacking confidence in your money knowledge. 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 that society has made it a taboo subject? Is it that women feel it’s a man’s responsibility to discuss money? 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. Being unaware can make you under-confident, distrustful and can make you feel judged, hence, you just avoid the subject altogether.
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.
The Women Financial Advancement Network🙋🏻♀️ Asia’s First Fee-only Women’s Network of Financial Wellness Coaches, Financial Wellness Advocates and Financial Advisers.