Financial Management and Self-Awareness: The Correlation
How we perceive the definition of financial management today?
We all using money to buy things, a medium of exchange. It is a quantitative value that we knew over time. But do you actually consider that it is a whole lot more than that? Money can be an emotional journey and by saying that it means that it is connected to ourself. Since, there are many forms of well-being, the term of financial well-being is not just about how much money on your bank, what job that pay the bills, but it’s also asking about how much money do we need to live a life we want, the good life. Have you define that?
It is absolutely critical speaking of financial management. Maybe we’ve already know how hard our brain making decision related to money, the time when we work hard to put in some cash and turn weak when spending on the stuffs that we may don’t really need. So if we know ourself better, we may choose the better outcomes that leads to joy that we haven’t thought about.
Maybe you have read the “Rich Dad Poor Dad” that have became a life changing book for some people. There are many testimonials of people talking about self-awareness that leads them into their success. Related to the financial management, self-awareness will lead to a better action and behaviour in making decisions. By understanding what going on inside of ourself, we can reach better self-management. When you’re going to see inside and label your self, you don’t want to label your emotions as good or bad. You want to consider the situation like as you being comfortable or less comfortable for people to sit with. And by slowing down that process, you’ll be able to control your choices.
Further more, being able to communicate what are your goals or desire and how does that being shared with our collectives is important because we will able to identify the hope and expectations that comes from the people around us. The meaning by people around us is the people who have the correlation with our financial condition and they are having their own assumptions on what should happened even though that is not necessary notch up.
My mentor once said that regularly doing a personal financial review is a practice that you can do. And in many cases, people were afraid to do this thing because they feel ashamed of the bad financial decisions that they’ve made. It is a simple but impactful practice to truly understand yourself and many people subconsciously don’t want to know about it because they feel like it is hard to do. Actually this gives you a power when you eventually figure out the details of your past decisions and you’ve done the audit of our financial life.
Money is complex and hard, that is normal and it’s how our brain actually mire. This often don’t set us up in the best way to do the good financial decisions. So don’t forget to have compassion to yourself in every review. Say it to yourself that you’ve done the best. You have chose the best based on what happened in that time. Control what is in front of you and things that gonna happen next.
