Scarcity vs. Abundance: How Redefining Your Relationship with Money Transforms Financial Confidence

Money impacts almost every aspect of your life, yet many struggle to make financial decisions without stress or anxiety. Alta Odendaal, a financial coach, joined The One Problem podcast to talk about a common but often hidden issue: your relationship with money. In her conversation with host Avil Beckford, Alta dives into how your unconscious beliefs about money can shape your financial decisions and overall well-being. Here’s how she approaches this one significant problem and guides people toward financial peace and confidence.

The Problem: Our Relationship with Money

Alta explains that every individual has a relationship with money, shaped by both conscious and unconscious beliefs. This relationship often boils down to how you’re wired for survival, which influences your financial personality. For some, money represents security, while for others, it may mean freedom or even power. She highlights that these relationships can lead to behaviors that make you feel good emotionally, whether that’s saving for those wired to crave security or spending for those wired to seek enjoyment. However, these internal responses can also create tension in relationships, especially when couples have contrasting financial personalities.