Current Financial Wellbeing
“The money mindset quiz offers some powerful insights into your current financial wellbeing, and where to focus your energy for improvement.”
Your money mindset is a unique set of core beliefs about money and how it works in the world. Put simply, it is your attitude to money.
Your money mindset drives how you make financial decisions every day, and it can have a big impact on your ability to achieve your goals. It guides not only what you do with your money, but who you associate with, the advice you listen to and your overall financial direction. With a healthy money mindset, you make better choices with your money and are more easily able to overcome your financial challenges.
Power to Execute
This is your ability to take action and complete the tasks required to achieve your goals.
Often times we find ourselves in the position that even though we have the desire to make a change for our current circumstances, we find ourselves being lack of power to execute the plan because there are always other things to do or lack of time, or simply ‘it’s not on our priority’.
Financial anxiety has been described by psychologists as “an uneasy and unhealthy attitude toward engaging with, and administering […] personal finances in an effective way.”
The difference between financial anxiety and everyday money worry is the way it interferes with your ability to live your life.
Subconscious Relationship with Money
90% of our decision making is driven by our subconscious mind. Included in your subconscious mind are inherited patterns of thoughts, ideas and images that have been passed down through the collective unconscious and also your innate money types.
In 2015, the US Consumer Financial Protection Bureau (CFPB) defined financial well-being as a state of being wherein you:
- Have control over day-to-day, month-to-month finances;
- Have the capacity to absorb a financial shock;
- Are on track to meet your financial goals; and
- Have the financial freedom to make the choices that allow you to enjoy life.
Because individuals have different personal values, financial wellness looks different for everybody.