Do you know your financial needs? We can identify needs through a general discussion of satisfaction, transitions, history, principles, and objectives. Previously, we discussed satisfaction and transitions. Today, lets talk about history.
History influences our perspective. Attitudes and beliefs derive from our experiences. Awareness of our history relating to money helps to identify challenges we face in the present. Messages about money in our conscious and subconscious mind influence how we manage personal finances. Answering the following questions can help us to understand the roots of our current financial situation.
• Where are you from?
• What was your family life like when you were growing up?
• What jobs or careers have you had up to this point in your life?
• Describe your immediate family members. What is your family life like now?
• Who are the people most affected by the financial decisions you make?
• What events are defining moments?
• What lessons about money did you learn while growing up?
• What is your first money memory?
• What are some of the best or worst financial decisions you have made?
• Describe your experiences working with a financial advisor.
• What are your main sources of financial information?
Remembering where we come from and how we arrived where we are today can give us insight into our strengths and weaknesses in managing money.
QUESTION: What have you learned from your financial history that relates to your personal finances today?
Chris Bryant is an American financial advisor.