The Secret Language of Money


At a number of business seminars and presentations, I passed out an index card and asked each person in the audience to write anonymously a single answer to each of three questions. The three questions are:

1. To me money means _________.

2. My current annual income is _______________.

3. In order to insure happiness and contentment financially, with no more money problems and worries, my annual income would need to be __________.

The answers to these three simple questions reveal how much more we attribute to money than it being a medium of exchange. Money has a range of emotional meanings hitchhiking on it: love, security, control, power, worth, freedom, success, status.

In over 90% of the hundreds of people I have polled, their annual income would need to be roughly double its current amount for them to feel happy, content, without money problems and worries. This is as true as for someone who makes $50,000 a year, and believes it would take roughly $100,000 a year in order to be financially content as it is for someone who makes $500,000 and believes that it would take roughly a million a year. And, in discussions after this brief poll, those who actually experienced their income doubling also doubled their "happy and content" amount: for someone who had made $50,000 and believed that it would take around $100,000 to be happy, when they had achieved $100,000 annually, they then thought it would take about twice that amount to be content and worry-free about money.

Money was always intended to be a symbol, so it is a ready stand-in as a screen onto which we project personal meanings of what we idealize, want, yet fear we don't have enough of, don't deserve, or can never have. Particular emotions, such as fear and greed, may predominate in the money arena. Strategies and game plans may be abandoned at times of excess stimulation - when things are going particularly bad or especially good - and bad investment decisions prevail.

Money's symbolism is uniquely subjective, though society adds metaphors of its own. Some of the meanings are outside the realm of logic, reason, and intellect. The issue of money may quickly spark ambition, insecurity, envy, fear, jealousy, complication, guilt, or any number of emotional reactions. If someone is competitive, insecure, or prone to fantasize and worry, money is always a reliable and tangible focus, a yardstick of many measures.

Many emotional and relationship issues can manifest vividly in the financial arena, focusing on money as the answer, the problem, or both. Money may be the common language of success phobia, impulsivity, and even fear of autonomy, such as creating financial crises from which to be rescued. Money symptoms include compulsions such as gambling, shopping, hoarding. Money may become the currency of addictions such as work, financial risk-taking, money acquisition, or impulsive spending. While we often make decisions on an emotional basis, the particular meanings and significance of money has a built-in readiness to be an emotional trip wire for meanings and decisions that are repetitive and limiting.

The more money represents unfulfilled needs or wants, the more promise it holds of happiness. The perpetual hope that more money will provide happiness sharply focuses what "enough" is. Someone who assumes that more money would bring more security or freedom may find that more money paradoxically brings a lessened sense of security and freedom. Or, if we could have just the right amount of money, then we could do exactly what we really want to do and have what we want. The "right amount" may be a specific figure, but if it is a floating figure defined by "more" it is perpetually elusive. But this illusion may not have to be confronted as long as the amount extends beyond the realized, and about double is a safe lead.

Understanding and changing money problems and patterns requires understanding your money story as part of a life story that you are creating each day. The beginning of evaluation of that story is to recognize that you are the author of that story. Whatever you think, feel, and do are active creations for ownership moment by moment.

Being loyal to a game plan and reaching a goal assumes having a game plan and attainable goals. First, construct a map to figure out where you are and where you want to go. Without a map, there cannot be a plan to get there; without knowing where you want to go, any map will do. Next, figure out how to get there. Primary problems with those who do not succeed include not knowing where they are, where they are going, not having a plan to get there, or getting distracted from their plan to get there. Having a map (attainable goals and measurable results) allows you to filter noise, to discern the route to where you want to go, and to recognize what is tangential or a detour in getting there.

Your life is the manifestation of your beliefs. Changing your mind changes your brain and life, as beliefs, goals, and visions drive action. Your experiences are always consistent with your assumptions: enhance the ones that work, and change the ones that don't work.

David Krueger, M.D. is an Executive Strategist/ Professional Coach (execstrategist@aol.com). He is the author of 11 books including EMOTIONAL BUSINESS. The Meanings and Mastery of Work, Money and Success.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


myndnow.com

United Tribes basketball sweeps Presentation
myndnow.com
Both United Tribes basketball programs picked up home victories against Presentation College on Saturday. Mia Wilkinson scored 22 points to lead the women's team to an 87-52 victory. The men's team got 25 points from Rob McClain as they went on to ...



New York Times

Remarks by President Trump at Presentation of the Presidential Medal of Freedom
Whitehouse.gov (press release)
East Room. 1:37 P.M. EST. THE PRESIDENT: Thank you very much. Please. It's a great honor. Melania and I are thrilled to welcome you to the White House as we honor the recipients of our nation's highest civilian honor: the Presidential Medal of Freedom.
President Donald J. Trump Names Recipients of the Presidential Medal of FreedomWhitehouse.gov
Top Individual Contributors: All Federal Contributions | OpenSecretsOpenSecrets
The Politics of the Presidential Medal of Freedom: A Fifty Year Analysis, 1963-2013 - eCommons - University of DaytoneCommons - University of Dayton
USA TODAY -WCCO
all 786 news articles »


Business News Daily

How to Prepare for a Presentation, Even if You're Nervous
Business News Daily
The best way to combat nerves about a public speaking engagement is to prepare well. By structuring your presentation according to best practices, avoiding common pitfalls, and addressing your discomfort speaking in front of people, you can deliver an ...



Presentation Will Focus On Social Media, Gaming — To Keep Children Safe
The Missourian
A public forum slated for later this month will be presented to help keep children safe from predators on social media and gaming platforms. That includes the case against Daniel T. Avetta who would engage in conversation with the victims, mostly 15 ...



Johnson City Press

Senior Services offers Household Air Pollution and COPD presentation
Johnson City Press
Maisonet will also provide information about a new study by ETSU and Johns Hopkins University on home air pollution and its effects on COPD mortality. The presentation is free, and open to those 18 and older. Preregistration may be done by Nov.

and more »


Election results, autism friendly community presentation on council agenda
Austin Herald
You have read 1 of 10 articles. Log In or Subscribe. The Austin City Council will vote on accepting the city results of the 2018 general election during its regular meeting on Monday. The results of the Nov. 6 election for city offices were: Council ...



Harvard Business Review

To Give a Great Presentation, Distill Your Message to Just 15 Words
Harvard Business Review
Fearless public speaking is about more than combating nerves. It's about knowing the technique, the art, and the business of public speaking. In my two years working as a TEDx producer, and my 27 years working in film, television, theater, and events ...



DAWN.com

How to be presentation perfect
DAWN.com
Apparently, when presenting his proposal for Xbox's iconic 'X' logo to Microsoft, Jager revealed the design by slicing an X in a sheet of paper, pushing his head through it, and yelling “X today is all AARGGHHH!” He then gracefully flipped the paper ...



Wahoo Newspaper

Ballet presentation
Wahoo Newspaper
PREVIEW: Ashland-Greenwood fifth grade students learn some ballet moves with the help of American Midwest Ballet dancers Sasha York (at right) and Bret Samson (left) when the dancers visited Ashland to talk about the students' upcoming field trip to ...



The Hitavada

Presentation by Travellers' Adda today
The Hitavada
TRAVEL lovers can come and celebrate their continued passion for travel and know more about various travel experiences, new national and international destinations at a presentation organised by Travellers' Adda. The participnts will get a chance to ...


Google News

Eitforum.com ©