The Financial Confidence Project

A healthy relationship with money has the following elements: earner, saver, investor, spender and giver. The proportion of each will be unique to you.

Earner is pretty self-explanatory – you need money coming in, preferably from multiple sources that don’t all require you to be actively doing something.

The saver provides security, but you need this in proportion to the investor and spender or you might feel really safe and secure but you’re actually just working really hard and not really enjoying life.

You don’t thrive without spending. From the finer things in life to making sure our basic needs are met we do need to spend money – the more your spending is in line with your values, the more you will thrive and the healthier your relationship with your money will be. However, if you don’t have an element of saver you’re skydiving without a parachute.

The investor sees the wisdom in using money to earn more money either through investing in themselves to increase their income or investing in assets that generate income. Without an element of investor, you’re working hard but burning out.

Lastly, the often-underestimated giver. True fulfillment is the ability to give back and it's where many find their life purpose, however without an element of saver, investor and spender you’re trying to put on your own oxygen mask after you’ve helped everyone else on the plane secure theirs.

And for those who want it put really simply: Spend less than you earn and do something smart with the difference!

There’s a whole lot more to this conversation and a multitude of reasons why we don’t just decide to have a healthy relationship with money and make it happen. If you would like to work towards a healthier relationship with money, I’d love to chat with you.

Being Valentine’s Week I thought why not continue the conversation around our relationship with money. 💞

I can’t stress enough that your relationship with money is one of the most important, and long lasting, relationships in your life. It’s critical to nurture it.

Whilst it’s easy to say, “you need a healthy relationship with money to truly thrive”, if you don’t know where you’re trying to get to it’s a bit difficult to navigate getting yourself there.

So, what does a healthy relationship with money look like?

Often, we associate people who are “savers” as having a good relationship with money and people who are “spenders” as having a poor one. It’s just not true and actually much more complicated than that.

If you would like to work towards a healthier relationship with money, I’d love to chat with you.