Are you allergic to money?

Ask Tonic’s Coach May 2018

Are you allergic to money?

By Rod Macdonald, Certified Coach Practitioner and Tonic’s Resident Coach

Q: When I was young I was taught that “money is the root of all evil.” I want to make more money, but I also want to be a good person. How do I get to a point that money isn’t such a stress for me?
-Elaine

A: Elaine, is a stress for many people and the cause of many relationship breakups. Part of the reason for this is that we all need to pay the bills and live our lives, but some people live beyond their means. You appear to have what I call, “an allergy to money.” When you are allergic to money, you have a built-in reaction to money, either mishandling it (spend too much) or pushing it away (sabotage jobs where you can make more money). When you put your feelings about money in the right place, it will be an incredible relief.

If you don’t already have a good understanding of your own budget (how much money comes in and goes out), that is the best place to start so you can find out how good or bad the situation is. If you are spending more than you are making, you are essentially bleeding money. If you aren’t sure how to assess your situation, visit your local library and find a book on home finances.

In all likelihood, you’ll have to reduce your spending on things that are unnecessary, such as eating out at restaurants, buying clothes you don’t need, or taking trips you can’t afford. If your situation in dire, taking more drastic steps such as downsizing your accommodations or giving up your car for transit can make a big difference.

As it relates to your belief system around money, the quote (which comes from the bible) states, “…the love of money is the root of all evil…” We can believe what we want about money and the love or hate of it. The truth is money is neither good nor evil, it is what you do with it that matters. Embrace your ability to get a job that compensates you for the value you provide and do good things with the money you make. That includes supporting your family, but also giving to charity and supporting your community.

If you need more support, there are many not-for-profit credit counselling services and numerous other book and online resources you can access to educate yourself about personal financial management. Money is paper, metal and digital and is neither good nor evil. Create value in the world to welcome it and spend it wisely and charitably, and your allergy to money will be gone for good.
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Combining over 30 years in the field of self-development, Rod is the CEO of the Certified Coaches Federation, one of the largest coach education companies in the world, and a speaker, coach and author. For more information on the Certified Coaches Federation, visit www.certifiedcoachesfederation.com 

Want to ask Tonic’s Coach a question? Send a brief email to rod@certifiedcoachesfederation.com describing your challenge in 50 words or less, and one question will be selected per issue.

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