Strategic Planning

Relationship with Money

True Nature George Marino CPA, CFP November 2, 2022

Do you have a strained relationship with money? Or do you have a sense of ease and lightness about it? Do you worry much about your financial situation? Do you compare yourself to your peers in an obsessive way concerning money? Do you worry about not having enough money? These are all relevant questions as we approach mindfulness and money from the standpoint of awareness. As CPAs, we are trusted advisors to our clients concerning financial matters, experienced and well-trained in accounting, financial planning, and business. Our professional roles and expertise cover a wide range of financial issues that impact our clients. We get involved in distressed business and personal financial situations where our work is truly multi-dimensional, with plenty of handholding and guidance during economic downturns or sudden circumstances like divorce, bankruptcies, or COVID-19. Whether working with a client turning a profit or loss, each day we are dealing with money, and as such, a good question to ask yourself is: “What is my relationship to money?” Do you face money thoughts, emotions, and feelings consciously? How does this, in turn, help you in your work as a CPA?

Mindfulness, and therefore awareness, is not concerned with how much money you make or have in the bank. Awareness does not hold opinions and judgments, and that includes money, profit, loss, and net worth. Just imagine, inside of you is this underlying sense of equilibrium—the invisible vertical line of your T account, where you go beyond balancing the books. From this vantage point, we can look at the world around us from a consciousness standpoint and know a little bit more about ourselves and where we are. In other words, we see that true reality does not revolve around money. In his book The Little Prince, Antoine de Saint-Exupéry writes: “What is essential is invisible to the eye.” This is the invisible line of our own T account. The striving for a money mindset is one of the causes for health, family, and business meltdowns and more, and we can see that by looking out our own backdoor or in our own homes. Is that security, or is that financial planning?

Beyond Balancing the Books: Sheer Mindfulness for Professionals in Work and Life p.271

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