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    The Money Mindset

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    Neil Lester Atienza Gimeno
    This document discusses acquiring a healthy money mindset through financial education. It encourages examining one's relationship with and beliefs about money through exercises. Common money mindsets are explored, such as viewing money as power, a social divider, or a means to security and fulfillment. The importance of developing healthy money habits like budgeting and saving rather than spending are covered. Overall it promotes the mindset that financial freedom comes through education, planning, and using money as a tool to achieve one's goals and dreams.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    The Money Mindset

    Uploaded by

    Neil Lester Atienza Gimeno
    78 views41 pages
    This document discusses acquiring a healthy money mindset through financial education. It encourages examining one's relationship with and beliefs about money through exercises. Common money mindsets are explored, such as viewing money as power, a social divider, or a means to security and fulfillment. The importance of developing healthy money habits like budgeting and saving rather than spending are covered. Overall it promotes the mindset that financial freedom comes through education, planning, and using money as a tool to achieve one's goals and dreams.

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    © © All Rights Reserved

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    This document discusses acquiring a healthy money mindset through financial education. It encourages examining one's relationship with and beliefs about money through exercises. Common money mindsets are explored, such as viewing money as power, a social divider, or a means to security and fulfillment. The importance of developing healthy money habits like budgeting and saving rather than spending are covered. Overall it promotes the mindset that financial freedom comes through education, planning, and using money as a tool to achieve one's goals and dreams.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    78 views41 pages

    The Money Mindset

    Uploaded by

    Neil Lester Atienza Gimeno
    This document discusses acquiring a healthy money mindset through financial education. It encourages examining one's relationship with and beliefs about money through exercises. Common money mindsets are explored, such as viewing money as power, a social divider, or a means to security and fulfillment. The importance of developing healthy money habits like budgeting and saving rather than spending are covered. Overall it promotes the mindset that financial freedom comes through education, planning, and using money as a tool to achieve one's goals and dreams.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 41

    financial literacy

    ACQUIRING
    THE MONEY
    MINDSET
    Lheida Mariz Baraccao, MBA
    IF YOU WON
    ₱1,000.00
    WHAT
    WOULD YOU
    DO?
    IF YOU WON
    ₱10,000.00
    WHAT
    WOULD YOU
    DO?
    IF YOU WON
    ₱100,000.00
    WHAT
    WOULD YOU
    DO?
    IF YOU WON
    ₱1,000,000.00
    WHAT WOULD
    YOU DO?
    IF YOU WON
    ₱10,000,000.00
    WHAT WOULD
    YOU DO?
    OUR LESSON
    FOR TODAY:
    EDUCATION empowers you to make better
    informed financial decisions -
    Our PERCEPTION of money
    What is MONEY?
    Our RELATIONSHIP with money

    History
    Repeats Itself
    Greatest lessons are based on
    childhood experiences
    What you know creates your reality
    Money story follows you into
    adulthood
    Money Mindset Exercise
    1. Money is __________ (write your
    current money experience(s)
    2. Write your earliest money
    experience
    3. Does money cause you
    discomfort?
    WHAT'S YOUR
    MONEY STORY?
    Money was never talked about
    Money was synonymous with
    the struggle
    Money creates conflict
    TOP MONEY BELIEFS

    POWER
    THE ROOT IS NOT
    IF ALL EVIL EVERYTHING
    Money Testaments
    o n s h i p
    r e l a ti n o t
    "My money was
    w i t h si t i v e"
    a y s p o
    alw
    "We don't have to
    wait until
    retirement age to
    live our dreams"

    "We all see things differently but


    it's our perspective that matters"
    Means to get what you want Idea of security
    Status indicator
    Social divider WHAT IS
    MONEY?
    Energy, perception, beliefs, emotions
    System where we trade value for value
    95% of what we do is controlled by our beliefs and habits
    HOW MEN
    THINK ABOUT
    MONEY
    45% of men have a plan of retirement Only 21% of women have any plan,
    and either is currently saving or will start and 45% of women surveyed said
    saving for retirement soon they have not thought about
    - traditional/cultural role of provider retirement.
    HOW WOMEN
    THINK ABOUT
    MONEY
    Lack of knowledge / training /
    WHY ARE WE A planning
    HAVING Your money setpoints (what
    PROBLEMS B is acceptable to spend on
    WITH various things)
    MONEY? Limiting money beliefs
    C (review assessments)
    UNCONCIOUS
    MONEY HABITS
    A SPENDING
    (ALIGNMENT WITH VALUES)

    B ATTITUDE TOWARDS MONEY


    (PAYING BILLS. GETTING PAID, DISCOUNTS)

    C LANGUAGE AROUND MONEY


    (BROKE, CAN'T AFFORD)
    THE COST OF
    NOT ENOUGH
    Unhappiness at work
    Problems in relationships
    Health / Stress
    Personal well-being suffers
    Shame and embarassment
    THE PARADIGM
    SHIFT
    NEW MONEY
    PRACTICES
    PUT YOUR MONEY TOWARDS
    THINGS THAT MAKE YOU FEEL
    AMAZING, ABUNDANT, SHOW UP FOR YOUR MONEY
    PROSPEROUS (TALK ABOUT IT, CHECK YOUR ACCOUNTS)

    WATCH YOUR LANGUAGE


    (I CAN'T AFFORD, I'M BROKE)

    50-30-20 RULE | 70-30 RULE


    WEALTH IS NOT
    MEASURED BY
    HOW MUCH
    YOU SPEND BUT
    BY HOW MUCH
    YOU SAVED.
    MINDSET -
    MIND THE GAP
    WHAT'S YOUR RELATIONSHIP WITH
    MONEY?
    - Do we control it or control us? SPENDING HABITS
    - Do we value life by how much we - Mindless spending can prevent you
    spend? from spending on wants and needs
    - The longing of a purchase is more
    MONEY IS PERSONAL - impactful than the ownership
    - It's not just numbers - Places more value on things we
    can't afford
    MINDSET -
    MIND THE GAP
    SAVINGS HABITS -
    - Waiting to have more income to save
    RETIREMENT ISN'T AN AGE
    - Choose the time period to live your
    dream lifestyle
    THE MINDSET TO
    FINANCIAL PROSPERITY
    MONEY DOES BUY
    HAPPINESS
    MATERIALISM DOES
    NOT BUY HAPPINESS
    ensures we don't worry about basics to sustain life
    the wealthiest does not want it all
    THE MINDSET TO
    FINANCIAL PROSPERITY

    FEAR: MORE MONEY,


    MORE PROBLEMS
    lottery winners lose winnings
    THE MINDSET TO
    FINANCIAL PROSPERITY
    BUYING THINGS OR
    EXPERIENCES ARE THE SAME
    PERSONAL SATISFACTION
    CAN'T EVER BE PURCHASED
    it's the value you placee on them
    THE MINDSET TO
    FINANCIAL PROSPERITY
    MONEY IS A TOOL
    NOT THE ANSWER.
    MONEY DOES NOT
    GIVE YOU
    used wisely can help you continually achieve
    makes it easier to achieve a purpose
    PURPOSE IN LIFE.
    REMEMBER
    CUTTING EXPENSES IS MORE
    POWERFUL THAN
    INCREASING INCOME
    REMEMBER
    DO I HAVE THE CASH TO
    PURCHASE NOW OR AM I
    WILLING TO WORK MORE
    HOURS IN THE FUTURE TO
    PAY FOR IT?
    REMEMBER
    A BARGAIN ISN'T A
    BARGAIN IF YOU
    ACTUALLY DON'T
    NEED IT
    REMEMBER
    DON'T SPEND
    MORE THAN WHAT
    YOU MAKE
    REMEMBER
    JUST BECAUSE YOU'VE
    BEEN APPROVED FOR
    CREDIT DOESN'T MEAN
    YOU CAN AFFORD IT
    REMEMBER
    DEBT IS RESERVING
    YOUR FUTURE TIME
    TO WORK RATHER
    THAN FUN
    IGNORANCE ISN'T BLISS
    financial independence begins with
    ACHIEVING financial knowledge
    FINANCIAL CHANGE IS INEVITABLE
    FREEDOM have a plan, avoid lifestyle inflation but
    be flexible and prioritize saving
    RETIREMENT CAN BE A
    LIFESTYLE NOT AN AGE
    the magic number for retirement
    ACHIEVING varies greatly for each person
    FINANCIAL INCREASE WEALTH
    FREEDOM lower expenses, curb spending, save
    on purchases, diversify and
    supplement income
    YOU ONLY
    LIVE ONCE
    YOLO IS KNOWING THE VALUE OF YOLO IS USING KNOWLEDGE,
    YOUR TIME TO CREATE EXPERIENCES RESOURCES AND TIME TO ACHIEVE
    AND MEMORIES DESIRED LIFESTYLE IN THIS
    if you only live once, why LIFETIME you can spend your
    not spend it doing the
    things you want to do all days/nights working to pay
    the time rather than just for a lifestyle you can't
    the weekends? afford
    FINANCIAL AWARENESS
    Know your actual take- Know the fine print in
    home pay your credit cards and
    Know your credit history loans
    and credit score Know your financial
    Know the power of time statements
    Know how much money Know the total cost of
    you truly owe borrowing
    Know the interest rates, Know the resources and
    terms, fee structures tools available
    ACTION PLAN
    ENVISION THE LIFE YOU WANT TO LIVE WITHOUT MONEY
    OR THINGS
    ANALYZE AND ACCEPT YOUR TRUE FINANCIAL
    STANDING (INCOME, EXPENSES, SAVINGS, DEBT)
    ASK QUESTIONS AND RESEARCH TO INCREASE YOUR
    FINANCIAL KNOWLEDGE IN ANY WAY YOU CAN
    ASK YOURSELF WHAT CAN YOU DO TODAY / IN 3MOS. /
    IN A YEAR?
    PRACTICE FINANCIAL AWARENESS AND STAY
    PROACTIVE
    THANK YOU!
    ANY QUESTIONS?
    RESOURCE
    PAGE
    https://www.slideshare.net/hypnocoach1/money-mindset-
    presentation-47356333

    https://www.haikudeck.com/mastering-your-money-mindset-
    uncategorized-presentation-LAwdP4TlIQ#slide13

    https://www.slideshare.net/jasonvitug/personal-finance-money-
    and-mindset-by-phroogal-phroogal-money-and-mindset-seminar

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