Español

LCW CPAs
  • Home
  • Accounting
    • Cash Flow Forecasting
    • PPP Loan Forgiveness Assistance
    • Accounting Services
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • Assurance
  • Tax
    • Tax Preparation and Planning
    • Tax Resolution
    • Help with Your IRS Audit
    • Filing Prior Years Returns
    • Owing the IRS Money
    • Behind on Payroll Taxes
    • When Your Spouse Owes the IRS
  • Software
    • SAP Consulting Services
    • QuickBooks Online
    • QuickBooks Online Advanced
    • QuickBooks Desktop
    • QuickBooks Enterprise Solutions
    • QuickBooks Point of Sale
    • QuickBooks Payments
    • Xero Cloud Accounting
  • Industries
    • Services
    • Construction
    • Medical and Health Care
    • Real Estate
    • Non Profit
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Resources
    • Resources
    • Organizers
    • Mobile Accounting
    • Blog
  • Testimonials
  • About
    • About Us
    • Senior Management
    • Our Team
    • How to Get Started
    • Memberships
  • Contact
    • Contact Us
    • Contact Form
  • Client Login
978.689.8822
978.682.9873
February 27, 2020

The Psychology of Money

Mark Alaimo Business Tips

Tweet
Share
Share
Pin

The topic of money affects our emotions, beliefs, and behaviors in a very personal and individual way. Whether we have enough, need more, or are indifferent can impact our overall financial status.  The most important thing to know about this topic is to be self-aware of your own feelings and actions and how they impact your wealth.

How do you feel about money in general?  Does your brain repeat common beliefs like “Money doesn’t buy happiness” or “All rich people are selfish?” Does money scare you? Excite you? Do you feel like you don’t deserve to have money? Or do you feel entitled to having money?  Is your ego wrapped up in how much money you make?

There is no right or wrong answer to any of these questions, but what your inner thoughts are telling you about money can impact on a subconscious level your ability to earn more or keep what you have.

How do you feel about how much money you have?  Do you feel blessed? Or do you feel like you never have enough?

What are your current behaviors towards money? Are you a spender or a saver? Your behavior may be driven by your beliefs and emotions. If you’re not happy with your behavior toward money, there’s an opportunity for you to change the relationship you have with money.

Once you can bring your beliefs and behaviors into your awareness, ask yourself if they are serving you well or hindering you? You may want to find some sort of happy medium that fits your needs. Everyone has different circumstances, but if you can change your beliefs and then your behavior towards money, then you might see a change in your ability to meet your financial goals.

The ultimate goal is to be content with the relationship you have with money. Everyone is different, and that’s OK. You have to be you! But if you’re not happy with the relationship you have with money, there is opportunity for you to do some work in that area.  And if we can help, please feel free to reach out.

Tweet
Share
Share
Pin
Accounting Tasks at Year-End Six Tips to Grow Your Business in 2020

Related Posts

Business Tips, cybersecurity

Fighting Cybersecurity Threats in Your Business

Accounting, Accounting Software, Blog, Business Tips

30 Reasons Why It’s Better to Have Professional Help with Your QuickBooks® Software

Blog, Business Growth, Business Tips, Profitability Tips

Ten Places to Look to Find More Profits

Monthly Archives

Categories

  • Accounting
  • Accounting Software
  • Blog
  • Bookkeeping
  • Bookkeeping Tips
  • Business Development
  • Business Growth
  • Business Tips
  • Cool Tech Tools
  • Cost-Saving Tips
  • Cost-Savings Tips
  • Customer Service Tips
  • cybersecurity
  • Decision-Making Tips
  • Expense Reduction Tips
  • Finance Management
  • Latest News
  • Management Tips
  • Marketing Tips
  • Money Management
  • News
  • Payroll Tips
  • Personal Development
  • Profitability Tips
  • Tax
  • Tax Resolution
  • Technology
  • Time Management Tips
  • Uncategorized

Español

  • Home
  • Accounting
  • Assurance
  • Tax
  • Software
  • Industries
  • Resources
  • Testimonials
  • About
  • Contact
  • Client Login

Contact Us

Tax Services, Accounting Services and Services for QuickBooks®

LCW Certified Public Accountants

130 Parker Street, Suite 20
Lawrence, MA 01843
United States

Phone: 978.689.8822
Fax: 978.682.9873

Client Login


Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.
Copyright LCW Certified Public Accountants 2020 | Website Disclaimer | Privacy Policy | Site Design by Accelerator Websites