How to be at Peace with Money
Many people want to have more peace in their lives
when it comes to money. Many try to make investments, cut spending,
earn more money, etc. in pursuit to be at more peace, thinking that money
will peace. Yet, as I discussed in Stressed
about money or debt?, money will
not bring peace. If we think that peace can come from a source
need to constantly worry that another source can take it away as well
(e.g., greedy corporations, scam artists, etc.).
If money brings peace, then we will focus on keeping
our money which will create stress and worry if the money vanishes so
will our peace, happiness and joy.
of mind actually comes from within by looking at our beliefs. It
is our beliefs that cause our thoughts and emotions. Thus if we
of lack around money, that is what we will see and feel.
are beliefs that can make us feel stress and worry? The
answer is how you look at life. For example,
• Victim (Blame) – such as “Corporations are too greedy”, “When
I get ahead, something always comes up”, “There is no opportunity
to get ahead”, “Rich get richer and poor get poorer”,
Peace comes from knowing that you can handle any situation that
comes your way. Yet, when we see ourselves as a victim, we
give up control
of our lives to others. The thinking is that it is not our
fault that we are in this situation. It is easier to believe
that it is being to
us. However, even though we have not put ourselves in this
situation, how we deal with the situation defines us. By blaming
lose site of what we can do about it.
• Undeserving – such as “I will never have money”, “Why
would anyone want to hire me?”, “Poor me”
Peace comes from knowing who we are. There is a big difference
in being poor and broke. Broke is a financial term for not having
is what defines us if we let it. As I have said elsewhere,
self-worth can not be taken away. It is internal and can only
be given away,
if we let it.
Fear – such as “Will I have enough in retirement?”, “Can
I afford to send my children to college?”, “What if I lose
Peace comes from knowing there is nothing to fear. People
have used fear to stop themselves from taking action. However,
it is gut instincts tell us what to do. Fear is staying paralyzed
for a long period.
For example, you can fear having enough for retirement.
Yet, the key question is what can be done about it. Unfortunately,
many have done nothing while believing
(fearing) that it is an insurmountable task rather than taking action
(big or small) towards solving their issue.
• Lack – “There is not enough money to go around”, “I
need to fight for my share”, “I will be happy when ….”
Peace comes from knowing there is no lack. We create lack
from comparing ourselves to others. Yet, how many of us really
do not have enough food,
shelter or clothing to live on. We will find some who lack
compared to others. Some may go without a meal or a home. Yet,
there are shelters,
food kitchens and other resources for those to fill their basic needs.
If we want to create lack, we can. If you go back to 1800’s
and 1900’s, lack had a different meaning back then than it
does today. We now have only a few people die due to malnutrition
each day in the United States. Yet, this
is a tiny fraction of what others see around the world or what we
saw in our country just 100 – 200
years ago. If we solve our health crises and wage issues, there
will still be lack. Lack is state of mind of comparing ourselves
with others rather than being grateful for what we do have. And,
when we think of lack, that is what we create because we
get what we have not what we want.
Sometime lack is even a coat of pride. It becomes a story
of how bad I have it. Have pity on me because I am lacking.
Now, do not get me wrong.
As Americans, we have the resources to help those in poverty
(give them a hand up). At the same time, telling stories of
how bad things are will
only keep people in lack.
We may feel lack and think it is from the lack of material possessions.
However, what we all want more of is love. Peace comes
from knowing what we truly want in life. That is love. And,
for those who
want love, they can
find it all around them. Ask a dying patient what they would have
wanted more of in life: a bigger home, more money, more food or more
love? Guess how they would answer the question? And,
love is the only thing you do not need to fight over because
we all have it if we
to feel it. We may try to buy things to make us happier, feel
or feel more wanted. It is all coming from a place of wanting
more love yet looking elsewhere for it.
• Shame – such as “If someone really know me, they
would not like me”, “I need to hide my debt”, “The
way I look is who I am”, “If they knew I was having trouble,
Peace comes from dropping the shame. Shame is where we try
to hide who we are. I refer to shame as wearing a mask so no one
see who you are.
Sometimes shame comes from trying to hide lack of money or
lack in self-esteem. I find it interesting that when a person declares
bankruptcy they are filled with shame (like wearing the Scarlet
A) which then affects
who they are.
They feel less than and thus get results that are less than.
Because all their energy is going into the shame (trying to
hide who they
are), they have no energy to make a dramatic leap forward. However,
a business declares bankruptcy (e.g., Kmart or United Airlines),
it is just a reorganization needed to survive and become stronger.
a year after the bankruptcy, these firms are worth billions again
while people who filed bankruptcy are struggling to keep their heads
This is because how we feel about bankruptcy
(shame versus feeling stronger) will determine how we live after bankruptcy.
It is good to know who to be more peaceful in theory, yet how
should this be applied in day-to-day life?
||• See yourself as creator of your circumstance (in particular,
the feelings about the situation)
Forgive those who you believed harmed you
• Do a budget and/or
plan how to get out of debt
||• Improve self-worth
Understand who you are (read I
||• Look at what you fear (retirement, college, bankruptcy,
etc.) because we look at it, fear will decrease
what you are afraid of (e.g., retirement0
Feel the fear and do it anyway - like public
speaking or doing a budget
||• Practice Gratitude
• Tell people what you are ashamed of (fear of what they
may think is usually worse than what they will actually think) and
who may get help and compassion from it.
Understand who you are (I