Modeling AROUND MONEY

Secrets of the Millionaire Mind by T. Harv Eker

“The second way we are conditioned is called modeling.  What were your parents or guardians like in the arena of money when you were growing up? Did one or both of them manage their money well or did they mismanage it?  Were they spenders or savers? Were they shrewd investors or were they non-investors?  Were they risk takers or conservative? Was the money consistently there or was the flow more sporadic?  Did money come easily in your family, or was it always a struggle?  Was money a source of joy in your household or a cause of bitter arguments?”

“This reminds me of the story about a woman who prepares a ham for dinner by cutting off both ends.  Her bewildered husband asks why she cuts off the ends.  She replies, “That's how my mom cooked it.” Well, it just so happened that her mom was coming for dinner that night.  So they asked her why she cut the ends off the ham.  Mom replies, “That's how my mom cooked it.”  So they decide to call Grandma on the phone and ask why she cut the ends of the ham.  Her answer? “Because my pan was too small!”

The point is that generally speaking, we tend to be identical to one or a combination of our parents in the arena around money.”

ACTION STEP FOR TODAY:

Take a good look at those questions asked above and see what resonates with you and if you can find similarities or differences in what you do in your life.

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Quotes from: T. Harv Eker, Secrets of the Millionaire Mind (New York: Harper Collins, 2005), page 25-26.

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