What on earth have ghosts got to do with money?  Maybe you need a visit from your Ghosts of Money past to make you look more closely at your money behaviour?  How those decisions have impacted your present and what will happen in your future if you don’t make changes.

As the year draws to a close, it tends to be a time of reflection.  Looking back on how the year has gone and looking forward to the next one.  It is also the time of year that the Charles Dickens story, A Christmas Carol and Ebenezer Scrooge pops up in one form or another on our TV screens.

I love that story.  The old miser gets a visit from three ghosts, the Ghost of the Past takes him back to his past and looks at his miserable behaviour.  The Ghost of the Present reminds him that this has led to the sorry state he is in now; lots of money and no one to share it with.  Then the Ghost of the Future shows what his life could be like if he made some changes and started to be more open and sharing.

We make financial decisions about 90% of the time based on our emotions.  Now our emotions aren’t always wrong so it doesn’t mean we make bad financial decisions 90% of the time.  What it does means is that we don’t often check in with our logical brain when we make those decisions.

Our Logical Brain and our Emotional Brain

Our logical brain will tell us things like, spend less, save more.  But our emotional brain wants to have fun, spend now and worry later!

Our logical brain can see very clearly the behaviours we need to change, but for many people implementing that change is very hard.  The reason for this is quite simple; it’s because our logical and emotional brains are out of sync with each other.

How do you get into sync?  For Ebenezer Scrooge, it was a visit from the ghost of the past – as well as the other two.  He could clearly see the emotions that had brought him to his present state.  Once he saw that, it became much easier for him to be present to what he needed to do to change his future.

Sorry, but I can’t conjure up a ghost to whisk you back in time (I don’t know whether you’d like that…), instead I suggest you go and find a quiet spot and take some time out to think back over your own past – and be completely honest with yourself.

What decisions have you made based on emotions that have led to where you are now?  I hope many of them will be good; some may not be so great.

Look at yourself right now.  Is this where you want to be financially?

If the answer is no, then you need learn how to integrate your logical and emotional brain to move you forward into a more positive and rosy financial future.

The starting point is to go to our website and download our free e-book “Spice up your relationship with money.”

From all of us at Money Mentalist, may you and your families have a wonderful Christmas and a safe holiday time.  In the New Year, we look forward to bringing you more on Your money psychology and how to Reset Your Money and Change Your Life!