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Chapter 24. The Freedom Plan > 1. What is your relationship with money?

1. What is your relationship with money?

A relationship with money? Yes, we all have one, and it begins when we are children. It depends on how we react, as adults, to the early lessons learned. If you grew up in a household where money was no object, spending was free and lavish, and talk of savings was nonexistent, you will have one outlook. If your household was one where money was a bit tight, you might have felt it, and you might have disliked it. If you grew up in a home where money was discussed and the value of a dollar was a lesson that your parents impressed on you, you are more likely to be a saver now. There are households that surely had both: lots of money and lessons on its value.

What were your early lessons and how are you reacting to them in your adult life? Are money and the niceties that it affords part of your identity? Do you have the outlook that money will never be a problem, so you spend it freely? Are you a person who never had money and figure you never will, so you spend it freely? Do you have fears related to lack of money that find you a bit frugal? Do you view money as freedom? Is luxury spending something you do to reinforce a perception you have about yourself or the picture of the life that you want for yourself? What is your relationship with money and why do you think you have the disposition that you hold?


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