Monthly Archives: March 2012

Your Money and the Two Wolves

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Your Money and the Two Wolves

You’ve probably already heard this story:

An old Cherokee is teaching his grandson about life, and says, “A fight is going on inside me.”

“It is a terrible fight and it is between two wolves. One is evil – he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego.” He continues, “The other is good – he is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, and faith. The same fight is going on inside you – and inside every other person, too.”

The grandson thinks for a moment and then asks his grandfather, “Which wolf will win?”

The old Cherokee wisely says, “The one you feed.”

I love this story, but hadn’t heard it before today.  The more I thought about it, the more I realized it applies to virtually every aspect of our lives.  How we handle our friendships and our intimate relationships … our jobs or businesses … and, yes, even our money.

Let me give you an example.  Say you walk up to 50 people and ask, “Would you like to have financial peace of mind?”  How many people do you think would say “yes”?  (I would be very surprised if the number weren’t very near 50  … unless they got sidetracked asking what exactly you meant by “financial peace of mind.”)

So we can start with the premise that no one wants to be in debt.  No one wants to lie in bed at night worrying about how to meet the existing bills, or how to be sure one emergency won’t push them over the edge financially, or how to hold on to the savings already accumulated that are at risk of disappearing with the tumultuous economy.  No one wants to be poor, broke, cleaned out, in debt up to his or her eyeballs and ducking credit companies and bill collectors.  No one wants that.

So what makes the difference between those who reach financial peace of mind and those who do not?

Think of this:  there is no lack of information on what is required to get your financial house in order.  (The internet is loaded with it.)  And there is no dearth of people and services available to you in your community, your church, your library or your friends and family.

Once again, what is the difference?

Now, I’m not saying that in order to reach financial peace of mind you have to be a goody two-shoes, focused only on love, hope, humility, empathy and compassion.  But I am saying that it’s unlikely you’ll get there from a place of envy, greed, self-pity or false pride.

To bring it back to words I use more commonly when I write:  to reach financial peace of mind you have to (1) be willing to be open to understanding what baggage you bring forward from your childhood as mistaken money messaging, and let it go.  No ego.  No self-pity.   Just compassion.

You have to (2) be willing to look at your financial situation honestly, putting things down in black and white, with no squiggling or squirming.  No deceit.  No little lies.  Just truth.

And you have to (3) have clarity about what’s important to you way down deep (as in your life purpose) in order to have the motivation to do everything that’s needed to reach financial security.  No anger or arrogance.  Just pure vision.  And belief.

Honestly, now: do you ever hear yourself saying “I just want all of this mess to disappear and I don’t want to have to worry about money anymore”?   Or “Why do I work so hard and everyone else seems to be better off than I am?”  And then, even if you do come up with a plan that could change everything for you, do you then abandon it after three or four days?

Do you find that, no matter how often you talk about it, you seem to be stuck in the same place?

If so, what wolf do you think you’re feeding?

Let me know in the comment section below if you think there’s any chance you could be focusing on the wrong things, and feeding the wrong wolf.


Bio: Sharon O’Day lost everything at age 53: her home, her business, everything. But how could that be? She’s an expert in global finance and marketing with an MBA from the Wharton School. She has worked with governments, corporations, and individuals … yes, she was the secret “weapon,” if you will, behind many individuals in high places. Yet she did! Since then, with her finances completely turned around, Sharon has gone on to interview countless women. She’s done extensive research to understand how that could have happened, especially with her strong knowledge of numbers and finance.

The surprising answers will be shared in her upcoming book “Money After Menopause.” Today her mission is to show as many women as possible how to become financially free for the long term, through her Over Fifty and Financially Free coaching programs. She has developed a step-by-step plan to get past all the obstacles that keep women broke and scared … and from reaching the financial peace of mind they so deserve … if they’re willing to do what it takes!