Dominant Money Type Breakdown

 

Money Management for Couples

 

Lesson Info

Dominant Money Type Breakdown

So here's what's most important because don't worry about who you are and what scale it is what did you learn from it? This is key what did you learn from it? Erica um well I even I think learned a little bit yesterday with my avoider al because I did the mask exercise money mass okay and once when I did it was better the outcome was better than I had anticipated. Okay, I'm much better actually okay, so can I use fake numbers? Yeah okay because you don't have to tell me the real numbers but so basically you thought this is great because yesterday we did the money mask and if you haven't done that yet make sure to go back and review it we're gonna go through that today through the kim jim note tio know your money to grow your money system so the money mask again it's how much you make nice how much you spend equals how much you keep so I'll just make up numbers let's just say or do you want to give me real numbers or do you wantto make it up make it up okay? I know how people are in fro...

nt of like on tv everything okay? So how much you make so let's just say you made I don't know you're in the city so let's just say it's eight thousand dollars and maybe you thought you spent not give me this one at least more than that that I spent seven thousand seven thousand ok perfect. So you thought you'd end up with a thousand dollars positive yeah, ok and he found that it was a higher number right like two and a half tom you have time so this is so this is good we have actually use ten thousand would be easier math but this is fine. So so times two and a half is twenty five hundred oh my god that's such a great example and so for me being the avoider yes, I'm like flipping out all the time because I'm avoiding and I don't want to know because I think it's a way we were on what it is and saying it was a really good lesson for me last night to be like stop because because I'm gonna avoiding I am because of avoiding that I'm inviting so many stories in my head that I carry around and so to be able to understand that I avoid but it's not that I'm just putting all this crap on myself that is so so accurate I mean I had a client who caller deborah she did not want to look at our money and and by the way like she thought it was really, really, really bad like in way, way that this is a really good story almost forgot to tell so she since you don't know who she is, I got to tell you the specific she what basically she did her money mask she did her networth. She figured it out and her networth was about negative sixty five thousand dollars. Okay, so you could say, well, she was anxious for a reason that doesn't feel good, right? She don't want to look at her money, but here's what happened once she started looking at her money, she took on this new, like, new beliefs, new behaviors she was like, I'm figuring this money thing out and she started talking like talking about it like that I'm seeing, you know, working with the coach it's going really well, like I'm getting my finances in order like I feel good about it, and I'm I'm committed to getting out of debt, and she was talking to her aunt about this and her aunt who knew that debra had a student loan. She said, you know what? I'll pay off your student loan like that one conversation her networth went up it still negative number, but it went up to thirty five thousand dollars going up break she just she just made thirty grand, her network just grew by thirty thousand dollars she called me and I was like, are you serious? You're not worth his went up in one day. I worked with you once we've had one session and you're telling me your network one of thirty thousand dollars? I'm like the story's. Amazing. Like, I'm not going to tell people that not tell them why? Because that's, you know. Well, well, she was lucky. You could say you could make all these excuses. The fact is that she put it out in the universe. Is something new? Like I'm taking control of this? This is gonna happen. I'm committed to making it happen. Guess what? Things start to happen. So guess what, that's, not the end. She also of this she had about thirty thousand of this, um, was medical debt. She had, like, a not exactly a tumor, but something in her brain. Twenty seven years old, poor girl. Um, and she had all these tests and surgeries done on her brain and not working because of it and all this stuff. And she just racked up that it might have been even higher than this. I'm trying to remember the numbers, but, um, so what I talked her about one of the sessions we have is all about negotiating with her doctor and with her insurance, and she started that, and I kid you not I am not making this up this is just an example but I'm not making this up the one debt that was at maybe with thirty thousand each because I remember it was thirty thousand with the doctor um and she hadn't figured out the insurance is in a cover not they already said no but I told her to go try to see if they will because you don't have the money to pay it but the doctor just by talking to the doctor on the phone having a conversation telling them she did not have the money to pay for this and hasn't been working and whatever not her sob story like I'm the victim but like I want to figure this out right guess what they said they would be happy to take three thousand dollars doctors already written it off as a loss they probably millions of dollars in revenue and they just want to get something because most likely she'll never be able to pay it and they know that so if we have these were accurate numbers she was down to basically her on ly I take out thirty thousand right? She was down these aren't totally accurate but to about five thousand dollars and that was your credit card debt and we just had the chip away at it and then I was each month you look at your net worth and now you're a negative five thousand next month you're negative four thousand eight hundred next month you're negative four thousand six hundred whatever however long it takes your committed to getting rid of it. Yes, business owners in the conversation, one of our users says, so if you're in a reuter al and a business owner, how do you get to who do you get to help you? A c p a, s c a p both. I mean, obviously this course, yeah, yeah, if you're I mean, if you're in avoider out, when you get to help, I mean, you need a coach who knows how to help you with your beliefs. Ok? So I have I have, and I've had an incredible business coach who he he's an incredible speaker, he's spoken on stage that sir richard branson, tony robbins, all, you know, all demartini, all the big names, right? He's amazing, but he's really, really phenomenal, helping me not only with my business, but making sure I don't get in the way of my business and my success. So what you need if you're avoiding whether it's in your business, because tr becker said the guy who wrote the secrets to the millionaire mind, he said, how you do anything, it's, how you do everything right, which is why erica feels inconsistent this relationship of their money it doesn't feel good because how I do everything is I treat people well but I don't treat my money well and that doesn't feel now that you realized it's just huge, so if you're avoiding your money it makes sense you're avoiding the issues in your business you're avoiding other things you're avoiding talking to your partner potentially so it's gonna it's going to relate in all other areas that's why it's so amazing this triangle is so amazing right? Because if you change this one side the relationship with your money if you even just focus on this now today we're doing both right this whole we're going to your money and your honey but if you just focus on your side with your relationship with your money, everything else including your relationship with your honey including your business including your life and how you feel in your spirituality all that stuff will be affected that's just how that's just how the universe works, how people work right? So make sure you know what your money type is. I'm sure you do and if you if you don't know exactly just guess picked the top two and write that down your manual, then you want to look at the beliefs ok? I talked about some of the beliefs so in your man on page seventy it says you're what's my top my top two dominant money types are the primary, and in the secondary they see that you'd write that down so avoider al sent through sally did that and then list any of your beliefs that are consistent with your money types. So what I want to do during the break is to make sure this is filled out for those of you at home, make sure that you do this. What are your beliefs? Because I gave you some but it's not about me it's about you you get to decide and you get to recognize and acknowledge your own beliefs and some of them are gonna be limiting limiting beliefs and some of them are going to be empowering. So it's okay to see both sides, it doesn't have the positive negative, just whatever comes out, and then you want to list any of your beliefs that air any of your sorry and if your behaviors of the money type of your money types that are consistent with your behaviors, right? So you look at we'll spend through sally her behaviors to spend a lot. Ok, so that's one easy one to write down. I spend impulsively, you know, I feel guilty like that's that's something that comes up so you can write that down, and then you wantto star what you want to keep and circle what you'd like to shift or you could even cross out I'll usually cross out across that what you want to shift? Okay, the point here is that you were you you've learned something about your money type now I want you to take action I want you to take action so that you actually get the changes right about to bring up the your personal money mastery road map because I want you to see how it all fits together it is so awesome really, really awesome. Okay, so do that for homework during the break make sure you list that stuff um and then you can put it on your sheet and this is I'm the most most excited about this because I got to tell you I created this I should say we because my husband I created this for you specifically all these things I have done with my private clients for almost a decade and I didn't have like just this one sheet that's like brings it all together and I'm so excited because now you have everything in one place and it makes it so much easier so you can just glance of this and know what to dio and know where you are and know how it all works cool so where are we mask? All right, so your money mask on your pull out your money, your money mastery roadmap and you want to right where you are now so if you did the homework and you got that number right it down now if you didn't do it perfectly please please don't say I'll fill it out later you can print this out this is yours this is a bonus that you get to keep you can print out over and over and over again you can change it next month but if you if you don't have exactly accurate numbers write it down anyway and then you can always do it again so let's just say my mask I make we make ten thousand dollars this is net, by the way so this is not your gross salary wouldn't take your gross salary divided by twelve you take what what actually you take home would be how much you make and then let's just say I keep I spend sorry nine thousand dollars and I keep one thousand dollars okay, now doesn't matter what it is I could have used examples that I made ten thousand dollars I spent ten thousand dollars and I got zero leftover right? Very typical mostly learning the rat race. Most people spend what they make okay, but if you make ten thousand dollars and you spend eleven thousand dollars and you're negative one thousand dollars again you're just recognizing this x marks the spot is where you are okay what's so so amazing about this is that you'll be able to look back at this month's years from now and be like whole week that's where iwas you know I was making ten grand spending nine and if it's better or worse now you know hand you'd pay more attention or hey, this is awesome whatever it is okay your network tab I'm going to go more into details I'm not going to fill that one out yet daily weekly monthly quarterly all these things are coming up the values let's just use your values one ofyours erica what are your three to one values if you could give me one word um top one's growth second one's fulfillment yeah third ones often to city okay authenticity I did it okay, I felt really long all right and you would write your name do you mind if I write your name on here? Oh, ok erica is it a c or a k c thank you for asking yeah, I'll be why in I get it I've been ok and how about you arena so money values go from top top down again uh great well value for others so that's number one appear um the top yeah so creating value for others, huh? Yeah, next meaning something of value for two others let's let's do it yeah that's similar yeah anymore meaning is actually in my top three okay, all my top three so and then so meaning meaning meaning empowering and in time I'm just gonna put meaning because start meeting for yourself and for others is very important to you. You okay? And what's one more, even if it's a different one inspiration. Awesome. Now again, I want to remind you because we're not making it perfect. You can always come back to this later is just get three in there. You can print it out again, right? But if you're if you don't feel totally congruent with this reena, like if you're like that's, okay, but I'm just saying so if you at home don't feel totally congruent with it, do the exercise again and make sure you get you know, three that you feel really good about that you want on your map now how do you spell your name? R e n a you are officially married is getting so that's. How you do the front. All we've done is the mask and we've done the values up here. You want you and your partner, okay? You want to know what your partner's values are? This is. Very very important because if you have your map they should have their map by the way you should each have a map and you want to make sure to capture their your values because your math and you want to know what they want because you've got to always remember you are a unit you're in this together it's so important for you to know what's important to them right ok now by the way notice what's on here things you learned yesterday the money a b c's awareness plus action equals abundance police supposed behaviors equals your bank account conditioning plus consistency equals change I'm going quickly on that because you already have in your manual and you know it but that's just a reminder it's one of your signs to your future right isn't this cool okay then guess what else is along the road you have clarity communication creation commitment hey guys it's the four keys to a richer relationship do you see how this all comes together you need this on the road on the path to your success now what they almost missed beliefs ok what are your new beliefs that you've decided to adopt to have any new ones um I have I think I've written them okay so check out um let's take a take a second to go to that I'm going to look back this is from yesterday but we're putting on the map police police believes I feel like I've changed one so I was pretty hung on I'm not very good at money stuff sorry what paid you oh well the identifying your money believes his forty four okay I'll just get a forty for this ok go ahead sorry um so I was high and I'm not good at money stuff and so you know I've sort of switched that over to I am good at money okay I am getting money stuff is that something you feel like good like just the way it's written is that fine? I feel good about me like I'm good at money stuff or I'm good in money or what's best for you I actually think maybe like I am in control of my money okay great. So your new beliefs say my new belief is and said my new belief is that I'm in control my money great now let me ask you this this is so close can you tell him a little excited up? I can't tell you you like soniya how it's going to help you and this is the question I have for you erica do you see how having the belief I am in control of my money is going to help you along the path to money mastery yeah that cool so you can write as many as beliefs is you want to fit on here all the way on the road but it's right here on the upper side of the road ok, I'm going I'm going to move on to the emotions serena, what are some new emotions? This is in the beginning of your manual money and emotions it's right after the values on page fourteen okay, so you do your homework was tio like or what we did together? Yeah that you decided which emotions you would like to feel love three we're confident joyful and peaceful, confident, joyful peaceful rena let me ask you a question do you see how experiencing emotions of feeling confident, joyful and peaceful on a daily weekly monthly bill basis will help you on the road to money mastering yes, I dio yes, I know what I'm going to disneyland feels like one of those questions. Okay, so doesn't that feel good like that? Took what you learned yesterday your money mask your values like now there's a place for it so you can just look at it all the time put this on your wall and so you can remember. So one more thing on this side the other side of it. Okay, so now what did we just do? We're on clarity. So now you put your primary money type so for you guys I'll just do one of them so one of them was avoider al joe may say avoider alley or you don't care I like out to I'm cheap chip it doesn't bother me but some people like it okay avoider alan what was yours for just two years spend thrift sally oh you know what I'll do your honey okay I spent through sally okay and your air secondary sudden thirst alley and your secondary ok how I cannot more on what that kind of an oxymoron it is right but that's so cool because there's conflicting beliefs just conflicting behaviors and that if you recognize that you'll start to see how to shift it ok so I got one more section here before we go on to break is your money roll okay this is the way to define this is your money role is really who is who is the leader I should say the leader is the person who is who is taking care of the finances meaning they probably pay the bills they may or may not look at the money because it just depends on how you're leading but you're you're more involved if you're the leader your arm or involved in making financial decisions if for example you make you make most of money but your partner does all of them does all the money stuff and also is more involved in the future planning that sort of thing you might make all the money but if you don't really do much with it and you're your spouse does your spouse is the leader that makes sense so it's it's really how you're managing your money not who's making it ok the supporter is the supporter right? If you're not the one leading with your money, then you're the supporter is very, very simple or maybe you're both totally equally involved and if you're equally involved your partners okay, what are you there? Easy supporter what are you supporting? Reporter ok, cool so what my husband realized because I knew this, but he didn't want me to tell him this actually in fact, I used to have this as leader, follower and partner because I was thinking of my parents and my dad is totally the leader and my mom just like she was avoider, she wasn't really care look at the money and she just trust him and she would just follow whatever he says like you do the plan, I don't want to look at it, I don't care like I trust you and she was a follower on dh they're not really partners in the money area, so I told my husband this and and so then when I if I was the leader, that man he was a follower and he was like, I am not a follower and it's if he's right it's accurate because it's not a follower and no matter what you're doing, you are supporting right s oh, it was a really good lesson my husband teaches me a lot all the time on dh so just write that down and then you're going to write it here so we would just right supporter supporter okay, now this is what I'm going to give you for homework is where are we here well that's page seventy two so for homework what I want you to do is take just in the break so you can do this you can do this now we have a couple more minutes or if you need to add more just go ahead do it during the break so what I want to do is to recognize first before you started looking at yourself you know what I need to change all that I want you to recognize what's great about your money type and your money roll so once you just till you know like let it flow right down that what's great about my money type what's great about my money roll and then I want youto add what's great about the combination for example erica you might say I'm just going to guess you might say well you know my husband's a leader and he's really good at money and so that's great yes I don't really deal with it so that's not so great but I'm focusing on what's great what's great is that he's doing a really good job and I'm really proud of him or whatever you know my husband's making a lot of money I don't know how much but what's great is that he's making it and he's putting a roof over my head that's awesome! So really, really simple just jot it down and you want to look at the potential dangers well, it's great that you looked at what's great now what? What could go wrong? The fact that, for example, erica the fact that you have been in the past because boys that long gone in the past you haven't been looking at your money, you didn't have a good relationship with your money, you didn't treat your money while boys that long gone way back then yesterday the fact that you if you were if you were to continue if you didn't change if you were to continue to be avoider al what's a potential danger with your money let's say, well, I think like the biggest catastrophic one was this something happened to chris, I'd be like holding the bag. Yeah, I got a great story about that, I'll tell you later, but that that's true, that happens all the time with women especially write something happens like then what? I have no idea how to manage is I don't know what to do and not only to deal with all the like awful circumstance, right? Great. What could happen? Let's say, you know he's around what could happen with your relationship potential danger? Well, that's so being an avoider and thinking minutes way worse than it is that I I sort of been do stress upon myself. And so that not that that doesn't help that doesn't work for teamwork with my husband, right? Absolutely. And so what could happen if you were to continue to do that and have a lot of stress? What potentially the what's? Just a worst case scenario. What could happen with your relationship? It could and it didn't. Ok. And that's what? I want you to recognize that it's not that I think it's likely or that you know, to focus on that. But to see how important this is to handle, because fifty percent of marriages and in divorce, because the reason is because of money like you know the statistics and it's obvious that's true right here. So make sure you fill out the money map. Make sure you do this and anything you didn't finish like the potential dangers and what's great. It should not take more than five minutes.

Class Description

Strong financial management skills are a must-have for a thriving, healthy relationship — but conversations about money can trigger feelings of guilt and anxiety. Simple financial discussions don't have to turn into emotional minefields. Join Robyn Crane and CreativeLive to learn the skills you need to manage your money as a couple, without letting your finances get in the way of your relationship.

This course will teach you everything you and your partner need to know to manage your finances effectively – without stress, guilt, or conflict. You’ll learn concrete tools for communicating about finances openly and honestly. You’ll also build strategies for recognizing and correcting flawed beliefs about financial management. You’ll explore why money issues are among the most common reasons for break-ups and divorce, and learn how to safeguard your relationship against the friction financial disagreements can cause. You’ll also create a concrete, easy-to-implement system that allows you to achieve financial health by playing to your and your partner’s strengths.

You’ll leave this course with strong personal finance skills and an understanding of how to collaborate with your partner to work toward a thriving financial future.

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