How I Stopped Mismanaging My Finances and How You Can Too


personal finances

Hey Under30CEO,

Two weeks ago I sent an email talked about some honest truths about looking at your financial picture…. and guess what happened?

It was the lowest response rate to an email I’ve had in months.

Why? Not because you all have it all under control… It’s because of what everyone told me who did respond to the email. It sucks to look at this stuff.

About 50 people spilled their guts about having huge mental blocks around money and personal finance including:

-Fear, stress, and procrastination about looking at your bank account

-Not knowing where your money goes and fear of sorting through your issues

-Not liking money and simply not wanting to deal with it

I have a confession to make. I was the same way for years, and even still I struggle with it at times.  Quick story:

After my gallivant across six countries this spring, it was time to do my expense report for Under30Experiences.

I was absolutely dreading calculating how much money I had spent. I know it sounds gauche to say that, but this is how these issues start. We’re not allowed to talk about money, and unless we do, we’ll never come clean.

I put off the simple task of reconciling my American Express bill into our accounting system for THREE MONTHS.

Not only was this financially irresponsible, but every time I thought about it, I procrastinated and didn’t want to look at it. It caused me a huge amount of stress and mental energy.

“I really need to look at my AMEX bill,” was probably repeated 200x in my head over those three months.

When I realized this mental block could be causing strain on my relationship with my co-founder, I finally cracked down. AND, once I calculated it– which took me only twenty minutes, the amount I had been fearing was thousands less than I made it up to be in my head.

All that anxiety, stress, and fear for nothing.

I don’t want to have these mental blocks anymore and neither should you.

In the Under30CEO insiders program, we’ve been working a lot on this stuff (opt-in for free here), but seriously, now is the time in our life that we need to do the work.

As I’ve mentioned before, I used to be WAY worse including:

-Hundreds in overdraft and late fees

-Thousands because of my high APR credit card I never could bring myself to investigate

-Black marks on my credit report b/c I never open my mail

What I did to solve my problems with money that you can put into action:

Harness the mentalities of wealthy people. Read: Think and Grow Rich. It’s a lot like the old expression “dress for the job you want”, but this time you think like the people who have money like you want. Start examining your deep-rooted beliefs about money. Write down all the stuff about growing up that might have made you the way you are when it comes to finances. Most of these beliefs are from your parents, not you.

Get your sh*t together when it comes to managing your dollars. Sign up for mint.com and figure out where your money goes!

Read Ramit Sethi’s book I Will Teach You to Be Rich and his six week program on getting your finances together.

Do some meditations around abundance and attracting wealth. It sounds hokey, but you are re-programming your subconscious to think and act like someone who is wealthy. I used Mindvalley’s free Omvana App.

It’s no different from Snoop Dogg saying, “Mind on my money, and my money on my mind”. If all you think about is getting paper, then it’s going to be imprinted in your subconscious to always be seeking financial opportunity.


Reprinted by Permission.

Image credit: CC by GotCredit

About the author: Under30CEO

Under30CEO is the leading media property for entrepreneurs, inspiring the world’s next generation of business leaders. Under30CEO features direct interviews with the most successful young people on the planet, profiles twenty-something startups, provides advice from those who have done it before, and publishes cutting edge news for the young entrepreneur.

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