We all digest information in different ways, so I’m sharing about creating a legacy for your family in writing (see below) and via this short video as well. Enjoy!
Money often holds the power to shape our lives and significantly influence the legacy we leave for our children. However, exploring and releasing deep-rooted beliefs and behaviors around money can pave the way for a legacy beyond material wealth.
Unraveling Your Money Story
Every journey of change begins with understanding your habitual ‘stories,’ and it’s no different with money. Your ‘money story’ consists of deep-rooted beliefs, emotions, and experiences that shape your financial decisions. These stories of scarcity, fear, or misunderstanding about money are often passed down through generations.
The first step in changing this generational narrative is recognition and reflection. Identify recurring themes in your financial life—constant debt, fear of looking at your bank account, or anxiety about spending. These patterns are clues to underlying beliefs driving your behavior. Mindful reflection or working with a money coach can shine a light on these hidden stories, allowing you to rewrite them with abundance, confidence, and wisdom.
Crafting a Legacy Beyond Wealth
When considering the legacy you want to leave, it’s crucial to go beyond just tangible assets. Ensuring your family’s financial security is important, but the values and lessons about money that you pass on are equally vital. Reflect on what you want your legacy to be. Is it merely about material wealth, or is it also about wisdom that can guide your children through financial ups and downs?
Having come from a family with poverty, stress, and trauma, my dream has always been to give my children a different legacy. I share tips and nuggets of wisdom about life and money, instilling in them confidence to pursue their dreams fearlessly. The clearer I’ve become about my legacy, the more my daughter Abigail has embraced it, even joining my business to learn everything I know. This healing of past traumas has resulted in a bright and possibility-filled legacy.
Empowering Strategies for Creating a Healthy Money Legacy
Knowing where to start can be the hardest part. Here are a few ideas to help you create a healthy money legacy for your family:
- Open Conversations About Money: Break the cycle of money being a taboo topic. Encourage open discussions about finances, sharing successes and mistakes. This transparency creates a healthy money dynamic and equips your children to make well-informed financial decisions.
- Education and Experience: Empower your children with financial education from an early age, from basic budgeting to understanding investments. Give them opportunities to manage their own money, which provides invaluable life lessons.
- Model Financial Mindfulness: Demonstrate mindful spending, the importance of saving, and the joy of giving. Show how money can be aligned with personal values and used as a force for good.
- Embrace Failures as Learning Opportunities: Accept that not every financial decision will be right. Use mistakes as learning opportunities to teach resilience and better decision-making.
Final Thoughts
Healing your relationship with money and creating an empowering legacy is a rewarding journey requiring patience, perseverance, and a willingness to confront and rewrite your money stories. This transformation not only affects your life but also sets a foundation for future generations.
Take the First Step: Start by taking my Money Quiz to understand your current beliefs about money. Then, let’s talk! Together we’ll dive deeper into your quiz results and come up with actions to help you get clear on the legacy you want to create. Click here to take the Quiz and book your call – I can’t wait to speak with you!
