March 4, 2021

How Your Past Still Controls Your Money

No matter whether you had an idyllic happy childhood, or a less than perfect one, everyone is influenced and in many ways controlled by the way they grew up with money.

The attitudes our parents and broader family/community had about money are still in us – and whether or not you unconsciously follow these lessons, and go out of your way to NOT be the same as your parents, your upbringing still has a massive impact on how you think and behave financially.

I grew up in the country, rural NSW. At that time, farming and mining were both booming, and Gunnedah was quite a prosperous town. My father worked in the coal mines and my mum ran everything else. They were an amazing couple and as a result we had an idyllic childhood – holidays at the beach, a nice house to live in and Christmas and birthday presents.

Everyone in town had much the same. Of course there were those that lived on the top side of town near the golf course that had the nicest houses, and the sole town lawyer drove a Porsche – other than that everyone had ordinary cars and a level life. This meant that I never really grew up comparing myself to others – there was no need. Most had the same. It wasn’t until I got to University that I realised that people had all sorts of backgrounds – some had a lot of money, and some had very little…

Today it feels like that difference is visible everywhere you go – in who you see and what news you read about. There is a massive gap between have and have not.

So how did you grow up? Who and what did you see in your neighbourhood? Was it tough? How did people talk about money? When you start to think of your childhood solely in relation to money, you may start to…

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Vanessa Stoykov writes for Secrets of the Money Masters, a programme she founded, now owned by tech giant Iress for the education of financial advisers

Until next time,


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Each day I wake up excited to inspire everyday people to open up and take control of their money, regardless of their history, goals, or savings amount. About Vanessa >>


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