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Accepting Your Financial Reality Is the Key to Financial Freedom
Julie Murphy • May 30, 2023
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Acceptance of your reality is one of the most important steps in moving forward on your financial journey.
And I get it - this is often one of the most challenging parts of the process. The most compelling reason for change is dreaming the new dream, but to create that space for the new to come in, you need to shift the feelings of the reality you’re in
right now.
In this post, I’d like to walk you through an exercise, which will help you find acceptance in your financial life and your relationships.
Your Financial Reality
This is often the part that gives us the least amount of freedom, but the more you accept the reality of where you are financially, the more you can expand and allow the
new reality you want to create to unfold.
Debts - Your Financial Past
I’d like you to start by listing down all of your debts. These might include:
- Mortgage
- Student loan debt - this could be yours or your children’s
- Car debt
- Credit card
- Personal family debt
It’s so important here that you love yourself enough to create
awareness of any debts you have to the
exact amount.
Even if it's what many people call ‘good debt’, whatever we label it, debt represents a lack of freedom because you have to wake up today and pay for yesterday's choices.
Now, breathe into that. Notice what happens in your body when there’s perhaps some resistance to accepting your reality. Keep breathing into it and feeling through it.
Does anyone owe
you money? Are you on the opposite side of the financial coin and financially prudent but acting out a suffering pattern by lending money to others and then expecting them to show up differently?
Write it down if that's your reality.
Financials in the Present Moment
Does the word ‘budget’ make you feel like there’s a cap on your life? Does it feel too limited or restrictive? For many people, it does and if so, I’d invite you to take the word budget out of your vocabulary!
You have no budgets but what you
do have is cash flow, and you choose how you want it to flow.
So now I’d like you to write down - again in the exact amount, what gets deposited into your checking account? What is that inflow on a per-month basis?
Let’s now map out each one of your expenses and break this down to what time of the month each expense comes in. This is where you can increase that awareness even more.
We often don’t get into the weeds this much – down to the nitty gritty because we don’t want to see it. We resist accepting the reality of the situation. But when you break it down you will soon see where you can make easy savings on various expenses such as cell phone bill costs, subscription cancellations, memberships you no longer use, etc.
I’d also like you to look at your expenses from two perspectives; fixed and variable. The variables can be groceries, eating out, entertainment, clothes, and activities. Your fixed expenses are utilities, rent, and so on.
Creating awareness again, means we get to choose differently! We get to make more empowered choices!
Next, write down what you have in your savings accounts. What’s your backup cash or emergency fund? Regardless of the number, write it down.
Long-term Finances
This last piece is now writing down exactly what you have for your retirement years. What assets do you have? What pension plans, 401k plans, or anything similar?
Breathe into it.
What I often see for many people and those
who I work with, is that it's not what they expected to have in their life at this point. So if you too feel this way, please know you are not alone.
The acceptance of your reality means that you will be able to see what sort of shame, blame, guilt, and judgment you might have around your money. This is a positive step.
Stay neutral as much as possible, while feeling these feelings. The acceptance of reality is in the
feeling and then removing it from your current reality, which creates mental and emotional space for the
manifestations to flow in!
Relationships
As a bonus exercise, let’s move on to writing down the reality of your relationships.
Remember, whatever is happening inside of you, is what happens in your relationships.
So, what are those feelings? Are you lonely? Is it always about the other person?
What is the reality of how you show up in those relationships? We will always attract the same people but with different names and faces unless we shift what’s inside of us.
Until we show up where our power and magic are!
Where are you showing up in your masculine energy? Where are you neglecting that feminine energy of allowing, nurturing, and holding space for a relationship to expand and unfold?
If you’re not in a relationship now, how did you show up in your previous ones?
Where are you hiding?
Where do you need to let your freak flag fly?!
Put your hand on your heart and ask to be shown.
Are you showing up as the victim or holding too little or many boundaries?
In your relationships at work, do you wind up with the same bosses and co-workers? If you’re an entrepreneur or self-employed, do you attract the same clients and vendors?
Again, this is a symbol of you showing up in a certain way. Once you create awareness of this, you can begin to shift it and change the reality of those relationships.
I know this part of the process can be tough, but I assure you, like with your finances, this acceptance of your reality is what creates the bridge to the quantum leaps on the other side.
So, I deeply encourage you to stay with it.
Feel through the feelings and keep going - you’ve got this!
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Clear the path to prosperity by focusing on what truly serves your highest good in terms of wealth and well-being.