Our beliefs, or our view of the world starts with our early childhood memories. We learn from our parents, our environment and form our own beliefs from those observations. So what are your earliest memory’s of money? How do you think that has impacted on how you relate to money now in your adult life?
My earliest memories of money revolve around the word ‘No’. No I couldn’t have the umbrella with the pink frill; the must have winter fashion accessory for a 4 year old. No, I couldn’t have a Barbie doll, they were too expensive, so I got the imitation one instead.
My parents were (and still are) very careful with their money, they were quite frugal in day to day expenditure but that meant that there was money set aside for our holidays and should any emergency crop up.
Their goal was to be mortgage free, as they hated any sort of debt and over the years they achieved that goal.