Time to lace up the sneakers. We have a game to play!

Yesterday was a tough day for Louisville and St. John’s who lost their tournament games yesterday. Both had aspirations of going far, but didn’t get it done.

Long Island University which is playing in the tournament for the first time in 14 years is really hyped about their game today against North Carolina. As LIU’s players sit in their lockers before the game may look back and reflect on how they got here in the first place. On the road to success there were many people that sacrificed and provided skills that helped them get here.

When it comes to our finances, we were also provided information that gave us our view on how we handle money. Whether it was stated or hidden, our environment shape our view of finances. Taking that all into account we may be hesitant to be transparent, and share our lack of knowledge about finances in fear it will hurt the team. That’s ok, our partner probably feels the same way. If we play our game, and do our best we have a chance to win.

Here are some questions that will help reveal our issues individually that will help us begin to strengthen our team financially.

Step 1. What messages about money did you receive from childhood? Examine these 5 questions.

1. Who in your family had the power and control of the situation when it came you money?
2. What type of fun and happiness came as a result to how money was used in your home?
3. How did your parents talk about money with themselves?
4. What was the relationship between success and money in my childhood home?
5. What were the differences between how your mom and dad handled money?

Step 2. We will look at your individual world view in regards to money and how that shapes your handling of money.

1. How do my friends, my family and surroundings affect my relationship with money?
2. How do advertisements, mass media, affect my relationship with money?
3. What does society tell me about my obligations with money?
4. What’s the first thing I notice when I see my friends or family?
5. What would my two best friends tell me is the most important thing about money? What are their relationships with money, like?

Step 3. We will look now at the family voice? Once you have kids, or if you have kids now, the money pressure increases two-fold. So let’s examine these questions?

1. What does my mate or spouse need financially to have his or her basic needs met?
2. What do my children need financially to have their basic needs met?
3. Why does my mate want what she wants? Is it based on family, society, or general desire?
4. Why do my children want what they want? Is it because of their friends, mass media, or family non-verbal cues? (Only answer if you currently have children)

Take your time, concentrate and be honest. This exercise will go a long way to unlocking your thoughts about money, and how working together as a team will put you in a position of strength.

Time to lace up the Sneakers.WE HAVE A GAME TO PLAY!

Coach Keith

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