I often say it doesn’t matter who your parents were or how you were raised; wealth is always possible to create. That is because the ability to prosper has nothing to do with how much money you have but, rather, what your relationship is with the money you have.
Sadly, the vast majority of us have an unhealthy relationship with money. That’s why 70% of lottery winners lose all their money within five years. That’s why I, the daughter of a billionaire, spent most of my early adulthood living in a panic over how I would survive. And it is why millions of people born into poverty can work incredibly hard and never seem to accumulate more wealth.
In my experience, the core reason most people struggle in their relationship with money is because they are disempowered in this area of their life. Many people (particularly women and children) are taught a point of view that it is inappropriate or impossible for them to control their own financial situation. This drains them of all personal power around money and creates a situation where they will never be able to fully create wealth for themselves.
Here are the three ways we allow our financial power to be taken from us:
1. Waiting to be rescued.
I was surrounded by wealth in my childhood, but I was always reliant on others to give me the funds I needed and wanted. I wasn’t taught how to understand or use the power of money. Instead, I was raised with the expectation that I would marry someone wealthy; someone who would continue to take care of my financial needs.
The details of your story are probably different to mine, but the essence could be similar. Many of us are raised to believe that someone, or something, outside of ourselves is the answer to our financial well-being. For me, this involved a wealthy husband. For you it may be the dream of a big lottery or gambling win, bail-out loans from family members or the continuing juggle of credit card debt.
If your future wealth is reliant on the decisions or whims of someone or something other than yourself, then you are disempowered in your finances. It’s time to understand your financial destiny is in your hands, and yours alone.
“If you are born poor its not your mistake,