Busting The Scary Myths Of Your Childhood

brightpeak financial disclosure

“Raise your hand if you love money!”

I often ask my audiences to do this at my workshops or speaking engagements and very few hands go up. Most of us grow up thinking “the love of money is the root of all evil,” because it says so in the Bible. And it does, but I believe it is taken out of context.

I am not asking whether worshiping green pieces of paper, but rather: “Are you a good steward of the blessings you receive – including money?” I believe God has plans to prosper me – and you. It also says so in the Bible.

Often times, I hear moms say, “I don’t need money to be happy,” or something to that effect, and while that is true, those kinds of beliefs can limit our life potential, because God wants us to have life in abundance: abundant health, abundant joy, abundant relationships, abundant success, and, YES, abundant financial prosperity, too!

Having life in abundance means being able to live a life with joy, meaning, faith, adventure, and contribution, and having the tools and resources available to do so.  Being rich is not being evil, greedy, or stingy, as some of us grew up believing, it is being smart with your money without sacrificing the things that matter most to you: faith, family, fulfillment and of course … fun.

But sometimes our beliefs hinder our ability to progress, and therefore, they hinder our ability to provide for ourselves, to provide for our families, and to provide valuable service to our community.

brightpeak financial dashboard

I recently visited MoneyMyth.org and was fascinated by how brightpeak financial is using the concept of mythical creatures to bring attention to a common and highly dangerous myth in personal finance: the misconception that only wealthy people need a financial plan.

El chupacabraThese fictional characters of our culture prevented us from behaviors such as going out at night or disobeying our parents, because the thought of being at the mercy of one of these creatures was the scariest thing you could imagine as a child. brightpeak is bringing awareness that the scariest scenario for any adult that has income and expenses, is to not have a financial plan.

El Chupacabra ~ Originating in Puerto Rico and famous throughout Latin America, El Chupacabra or “Goat Sucker” has been blamed for hundreds of sheep, goats and cattle, as well as the mauling of many cats and dogs, found dead and drained of blood.

El cucoEl Cuco ~ AKA El Coco and El Cucuy, is the Latin American boogeyman. The legend goes that El Cuco abducts children, who are never seen again. Growing up in the Dominican Republic, we knew that El Cuco would get us if we misbehaved. It was absolutely terrifying!

La Llorona ~ A beautiful yet ghostly woman who can be found weeping beside rivers and lakes who is forever trapped between this world and the next. She drowned her children to spite her unfaithful husband, and then drowned herself out of grief, so when she encounters children she is said to try to abduct them.  Just thinking about this gives me shivers – she was definitely NOT a positive mom!

La lloronaThere are more mythical creatures at MoneyMyth.org, where individuals and families can create a financial profile to get started toward a financial plan. I found the process to be short, easy, and straightforward. I answered three multiple-choice questions and immediately gained access to great resources to help me achieve my financial goals.

It is empowering to notice that as we grow, we adopt more empowering beliefs about how we must behave and why. Just like El Cuco served its purposes for me to understand how to make good choices, avoiding a disproportionate love of money helped me strive to be humble and generous.

However, as we grow, we learn that it’s okay to let go of myths, and to make better choices as we acquire more knowledge. We also learn that the best choices are not made out of fear, but out of love.

It may sound ironic, because it is scary to think that a minor misfortune could destroy our family’s welfare… and future. Though we may have faith that we will be blessed, it is always a good move to manage and multiply our increase, just as the faithful servant did in the parable of the talents we read in the New Testament.

If you self-identify with the values of faith, relationships, compassion, a focus on family and community, you may also reject talking about money, learning about money, and acting toward amassing money.

As you grow stronger financially, you will be able to grow in other areas of your life, and be more of the person you already are. You will also be able to make your family stronger and become a stronger member of your community.

Rather than being scared that you may have to compromise your values to be financially responsible or to succeed financially, think that you must create wealth and security because you love your family and want to leave a balanced legacy of joy and freedom to your children.

You must create wealth and security because you love your family and want to leave a balanced legacy of joy and freedom to your children.

This October, I will be celebrating 20 years of being in an 8-day coma. Because I know how fragile life is, I am always thinking about what will happen to my family when I move on from this life. As a mom, is it vital that you equip yourself with the right financial information and resources so that you can live with confidence and generosity, and so your posterity can, too!

Do you love money? I do… in the way that I love what I can do with my money as I am guided by my personal values! I think you would raise your hand now that I’ve made that distinction.

What has helped you in busting the scary myths of your childhood? I’m excited to hear some of the cultural myths, life myths, and money myths you learned as a child – and how, with support and guidance, you’ve redefined them in a way that works for you and the people you love.

PS – brightpeak financial is a faith-based not-for-profit with a mission to educate and empower the next generation so that they can feel confident about their finances. To learn more about brightPeak visit MoneyMyth.org or follow them on Facebook @BrightpeakFinancial, Twitter @BrightPeakSpeak or Instagram @Brightpeak and use #MoneyMythBPF.

Elayna Fernandez - Author - 
Speaker - Success Guide to Moms and Mompreneurs
© Elayna Fernández ~ The Positive MOM

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26 thoughts on “Busting The Scary Myths Of Your Childhood

  1. I can’t even remember most of my childhood I think I blocked a lot of it out but to be honest, I seriously thought money would bring great happiness and I will say, although I agree with you – I say it often to my kids. Money doesn’t bring happiness, and then i wonder if thats limiting them in some sort of way.

  2. I must have lived in a teeny little bubble because I never heard of these monsters. I heard and saw the boogie man, and he was scary. Money really doesn’t buy happiness It may buy you some pretty things, but the more money you have the more you spend and you still usually wind up in debt…only a lot more debt. Regardless, people usually live above their means. I prefer living below them, because it makes me feel like I actually have money.

  3. I grew up poor. But did not know that I was poor until I was an adult. I have truly learned to respect finances and have had to learn and relearn to care for myself financially over the years.

  4. Honestly, it scares me to leave my kids helpless. I would want them to be financially secured and independent when I left them (should I be gone sooner). So now that I have all the might, i will work out for that security thing for them.

  5. That is one of the scariest things that may come to one’s mind – to be in a situation totally unexpected and not having the resources to help you out of it. I have to give this financial planning a go. I think just having a small saving in the bank would not suffice.

  6. Having a financial plan is definitely important! Especially if you’re planning for the future of your family. I agree, money isn’t because you’re greedy or anything like that, it’s a necessity.

  7. Taking care of your finances is a lesson I wish I had learned when I was younger. It is so important to have a good plan. I will have to check out brightpeak financial.

  8. I definitely believe that the stories we tell ourselves (as well as the stories we are told) can have a huge impact on our decisions throughout life. I also 100% believe in teaching financial literacy to children.

  9. Perhaps money is the root of all evil for those whose character arent built with much integrity. I always believe. Righteous and a man who values integrity and fears the Lord will not make many his boss.

  10. Although I wasn’t taught that money is evil; I did get criticized for wanting things that were beyond our means. I was called a snob for my taste in music, movies an theaters and deemed crazy for aspiring big things from the front porch of my childhood home. So, shame was attached to money, and even today, I hear this kind of thinking from people in my family. I do want to take control of my finances and leave an empowerment legacy to my children.

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