My son and I share information from both being active and interested in finance and money. He is a Chartered Financial Analyst (CFA) and Certified Financial Planner® (CFP®) My background is as a Chartered Life Underwriter (CLU) and Certified Financial Planner® (CFP®).

Both my son and I both read the book The Psychology of Money by Morgan Housel. And while speaking with my son we got on the topic of the feelings I have attached to my bank balances.

Even though as a child I grew up in the only white family in a neighborhood of black families, I was not conscious of being working-class poor. We owned a home and had a car to drive.

Actually, it wasn’t a car, but a truck. My dad drove it for work. The truck was owned by the company his brother owned. My dad worked for his brother. My dad also got to drive it home and use it for personal errands.

What’s the point? Where is all this leading?

I confess that I still have some money hang-ups. And my son asked me a question that I continue to ponder.

I confessed that the bank balance in one of my accounts is down to $24,000, and I am feeling insecure about that. It did have $124,000 balance until I gave my daughter a $100,000 gift to buy a house.

My son asked me, “How does that bank balance change your life?

The reality is it doesn’t change my life, but it doesn’t feel that way. Whether I have $24,000 or $124,000 in that account, my income barely changes from one month to the next.

Our tenants pay their rents, our profits are steady, our investments continue to provide a passive income and our bank balances continue to grow.

And I still felt insecure about the lower bank balance.

What is it that makes you feel insecure? And is it real, or make-believe, based on your past?

Is it time to consider some one-on-one coaching?

To Your Prosperity,

Rennie