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In this episode of Juggling Mind and Money, Steve Rowe and psychologist Jessica Schlopp-Taylor explore the “money stories” we pick up throughout our lives and how they can quietly shape the way we save, spend, invest and think about money.
From phrases such as “money doesn’t grow on trees” to beliefs about debt, saving, wealth and what we deserve to spend on ourselves, Steve and Jess look at how many of our financial behaviours can be traced back to experiences and messages from childhood. They discuss why two people can grow up in the same household and develop completely different attitudes towards money, and why even financial professionals can struggle to separate rational financial decisions from their own deeply rooted beliefs.
Most importantly, they explore how we can recognise these patterns, question whether they are still helpful and begin creating healthier money stories that better support the life we want to live.
Highlights:
- How childhood experiences can shape our beliefs and behaviours around money
- Why phrases such as “money doesn’t grow on trees” can stay with us into adulthood
- The difference between financial facts and beliefs we have learned to treat as facts
- Why some people struggle to spend their money even when they can comfortably afford to
- How retirement can challenge the lifelong belief that money must always come from working
- Why even financial professionals can benefit from an independent financial planner
- How to spot recurring money patterns and question where they come from
- Practical ways to replace unhelpful financial beliefs with healthier ones
