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Q3 2021 hedge fund letters, conferences and more
Gaining the emotional awareness to transform our relationship with money requires taking a difficult but critical journey into the past. As described last week, Ebenezer Scrooge made that journey with the guidance of the Ghost of Christmas Past. Only then was he ready to see the reality of the present with more clarity.
While Scrooge was less resistant to looking at the present than the past, his time with the Ghost of Christmas Present still terrified him. Facing the need to replace faulty beliefs with accurate cognitive information is very challenging. Yet it gives us the emotional and cognitive bandwidth for learning about budgeting, debt reduction, investments, and other financial skills.
Once we look at “what is” rather than “what we thought it was,” we begin to create a future that is consciously and deliberately planned. We can take control of our money rather than our money controlling us. Our guides can be financial advisors and financial mentors.
Many of us try to shortcut the transformation process by starting here, in the last step of looking toward the future. Sadly, without first taking the critical steps of viewing the past and learning the present, we often lose heart. This is why resolutions for financial change often fail – not because the goal is bad or unattainable, but because we are unprepared to go into action.
The end product of Scrooge’s difficult journey with the three Spirits was a transformed person, full of joy, generosity, and spirit. He experienced this transformation because he had the courage and conviction to start the process. Let’s take a closer look at what this once-miserable millionaire did after his encounter with the Spirits of Christmas changed his life.
Read the full article here by Rick Kahler, Advisor Perspectives
