If you are like most people, you have a fear of having too little money. “Don’t worry, be happy” does not resonate with you because you know all too well what it means to be short on cash when you need it the most. This fear sometimes leads to peniaphobia – the fear of poverty.

Of all the fears which ruin the freedom felt by living the dream, being broke would probably rank the highest on the list of downers. Can you truly live with the feeling of freedom and emancipation when your mind is worrying about making ends meet?

I talk to a lot of people about breaking free and pursuing dreams. The insecurity of financial instability will often drive folks back to the 8-to-5 they hate. Having a scarcity mindset is limiting and nerve wracking. It’s no fun.

More fun is to concentrate on having the things you love in front of you and be able to enjoy them. This might be things like cars, homes and toys. Yet is also might be things like travel, experiences, and relationships. Embracing an abundance mindset allows you to relax. Being grateful for what you have brings joy. I find a great mental relaxer is to have reserve funds. As long as you have enough in savings, a rainy day will not dampen you parade.

A fear of finances for some means that money actually scares them. It’s not so much a matter of having too little, it’s a fear of having too much. Often we see what money does to people. It kinda’ makes them crazy. They ignore those they love and spend exorbitant amounts of time making more when they clearly have enough.  Money is the root of all evil, right? Actually the Bible says that “the love of money is the root of evil” (1 Timothy 6:103). Living the way you really want to live is living free of obsession and fear of finances.

What can you do to develop a healthy view toward finances?

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With Joy,

~ Michael