4. Why Your Money Mode Matters

In this episode of the Financial Therapy Challenge podcast, I explore the concept of money modes and their impact on navigating the money cycle. I have introduced three money modes: Survivor, Striver, and Driver, as well as the ideal mode of being authentic to oneself. I discussed the emotions associated with each mode and emphasizes the importance of self-awareness in understanding one's money mentality type and money mode. I also briefly mentions the four common money emotion types: fear, lack, loneliness, and desperation. The episode encourages listeners to reflect on their own experiences, offers a field work assignment, and invites them to explore financial therapy further. Key Points: • Money modes: Survivor, Striver, Driver, and being authentic to oneself. • Emotions associated with each money mode: Desperation and fear in Survivor mode, greed and shame in Striver mode, and loneliness and numbness in Thriver mode. • The importance of self-awareness in understanding one's money mentality type and money mode. • The impact of money mode on navigating the money cycle: earn, grow, protect, gift, and enjoy. • Introduction to the four common money emotion types: fear, lack, loneliness, and desperation. Invitation to visit the website and participate in the free Power of Financial Therapy workshop for more in-depth exploration. Quote: "Your money mode is a key factor in determining how you navigate the money cycle. Understanding your money mode and associated emotions can help bring awareness to your financial behavior and pave the way for a more balanced and fulfilling financial journey."