I've just joined forces with the Sloan brothers and I must say that I'm darn glad to be here!
Over the past 10 years I have conducted trading seminars with audiences ranging from high school students (actually I had an amazing 6 year old Singaporean student who completely blew me away) to airline pilots, retirees, corporate executives, homemakers, doctors, oil tycoons, construction workers, small business owners, the unemployed ... You get the idea... the student base was diverse.
Over that time I noticed that how they related to money varied widely. Some of their relationships were healthy and many were not... e.g. Money is good, money is bad, money is plentiful, attainable, unobtainable, for others, for me....Most importantly, I noticed that those that had a healthy relationship to money had enough of it and those that didn't relate well to it found money allusive.
Obviously, one of the reasons we are all entrepreneurs, or aspiring to be so, is to generate income. I'd like to explore with you all our relationships to money. The goal of this discussion will be to identify what kind of a relationship works and create some steps to get there.
I'll be transparent here and say that I once had a very unhealthy relationship to it... similar to the seagulls in "Finding Nemo"... "Mine! Mine! Mine!" I was consumed by collecting and hoarding it, not even spending it. This was an easy mindset to get lost in because I was trading stock options. This is precisely the mindset that resulted in my losing $500,000 in a single year. OUCH! It was enough to make this grown man cry (while curling up in the fetal position, shaking and sucking my thumb). Although most painful, this was the most important experience of my financial life. I've since had a much different (healthier) relationship to money .... more on that later.
If this discussion appeals to you, please share with us your experiences relating to money.