financial wellness, and the other half of the story

We know that having a sense of financial wellness is critical for individuals to be present and engaged, both at home and work. We also know there is no dearth when it comes to available tools, solutions and services designed to help employees achieve that sense of financial wellness, whatever it means to each person. And yet, even if people have been able to pay off debt, put away a little for a rainy day, or even save through their company’s defined contribution plan, often there remains an undercurrent of anxiety and fear when it comes to money.

Product solutions and services solve for only half the story.

What about your relationship with money? What if you could change how you feel about money and wealth, and permanently shift from anxiety and fear (scarcity-based) to feelings of financial freedom (abundance-based)?

Without addressing our relationship and our emotions associated with money, product solutions and services take us only half way there.

I recently facilitated a group coaching session with a five women ages 25-35. One of my first questions was, on a scale from 1 to 10 (1 = paralyzing fear, 10 = infinite freedom), where are they in relationship with money? While a sample size of five isn’t statistically significant, I do believe this group is representative of many women in this country. They self-rated themselves between 2 and 4, and they used words like fear, despair, powerlessness, insecurity, and guilt.

So why do women (probably men, too) feel that way? What are some of the underlying and deeply held thoughts, beliefs and rules that inform negative emotions towards money? I asked the group to spend 15 minutes in quiet contemplation identifying 25 things they believe to be true about their relationship with money. Maybe you can do that too, right now? Get your mind quiet for a few minutes – the only rule is that you must identify 25!

Now, study your list of 25 and answer these questions for yourself:

  • What does your inner dialogue say about wealth and abundance?
  • What is your overall emotion associated with money?
  • What habitual thoughts do you have, what do you believe is true, and what are your self-created rules that govern your negative/positive relationship with money?
  • How many of these thoughts and beliefs are contradictory?
  • How many of them focus on what you don’t want versus what you do?
  • Which items on your list are you willing to consciously decide right now no longer serve you?
  • What would it take for you to abandon one (or more) and create a new one that better serves you and your family?

If you’re anything like our small group, your inner dialogue and resulting emotional health is far too contradictory and negative; therefore, you aren’t really in a position to change your mind and your behaviors for any lasting result. And if you believe in the Law of Attraction, you might be confusing the Universe by being too focused on what you don’t want.

You see, financial wellness is about an abundance-based mindset and far more spiritual in nature than it is about account balances, forecasts, tools, products and services. What would happen if employers and service providers decided to help us with our relationships with money in addition to solutions?

Now there’s a winning strategy!

Contact me if you want to deliver this type of group coaching session for your women’s BRG or ERG.

 

copyright 2018