Do You Know Where Your Money Is

By Holly Nicholas Signorelli

Holly has over 20 years of experience handling thousands of corporate and individual clients. Her goal is to bring to the surface emotions, habits and hidden addictions that have greatly impacted the debt, saving and spending habits of Middle America and replace those habits with new concepts that allow people to feel positive about their finances again.

• Language: English
• Publisher: Clovercroft Publishing
• Release date: May 1, 2015
• ISBN: 9781942557098

Book preview

York

Money won’t create success, the freedom to make it will.

Nelson Mandela

Introduction

How are you with money?

That’s a big question, and it often gives people a sinking feeling as they recall missed payments, mountains of unpaid bills, and depleted savings accounts.

But let’s recalibrate for a moment.

Money can be a joyful subject. It can lead to growth and success, dream houses, vacations, and giving. Let’s begin by reframing the way we feel about the topic before we even start. Money is a good thing to have, keep, save, give, and grow.

Let’s put a stake in the ground by saying that the subject of money isn’t to be avoided, but to be celebrated, and it will therefore lead to positivity and abundance in your life.

I’ve been called the Money Therapist because I help people identify the emotions around money and the obstacles associated with earning, growing, and managing wealth.

Oftentimes, there are specific emotional obstacles to managing money. Money is the so-called elephant in the room: the thing no one wants to talk about. Think about social media, where people will spill their guts on even the most personal issue, and yet rarely does anyone talk about money. As a whole, we ignore it until it’s too late. Or we even develop blind spots about our emotional connection to money.

But what if we started with the premise that money is a joyful subject? Instead of thinking of lack or financial mistakes or what we have or don’t have (with a knotted stomach) or taxes or bills, let’s start reframing the way we feel about money. Let’s begin by developing a conscious and intentional emotional framework of joy.

Take a deep breath. Decide in your mind, right now, to forever think of money in a positive way that will lead to success.

I wrote this book to help people identify their emotional disconnect, or obstacles, with regard to their money. In my time working with individuals, families, and business owners over the last twenty-four years, I’ve observed the mistakes and the thought processes that have led to either financial success or financial distress. I wrote this book to educate others about the things I’ve learned from my own mistakes as well to help chart a course of positive and successful money habits.

Most people who stumble financially don’t save enough or simply don’t have the right mindset about money. We often think of money in abstract terms. Too little or too much to spend rather than actual figures. But that can be a deadly downfall. We’ve all experienced too little. But not many have experienced too much.

Managing money is not only an art; it’s also a science—one that involves thought, planning, and strategy.

What’s your history with money?

—

Iwill never forget July 2007.

It’s the day my world came crashing in, and it was the beginning of a snowball effect that would take many years to recover from. Leading up to that, I was young, powerful, and rich . . . until I made the ill-fated decision to go into a real estate deal with two friends. Because we knew each so well, we did not do our due diligence, and we didn’t do the contracts that we should have.

We all made mistakes, and July 2007 was the day that my partners and I sold the house we had purchased two years earlier with high hopes and dreams of revamping it and making millions. Instead, we lost everything, and I was left with debt on top of it. Because the local community where we bought the house was well aware of how much we were in over our heads, someone bought the property for an absolute killing just to keep us out of foreclosure. They then turned it into what is today: a very successful bed and breakfast (not sure if they made millions, but they certainly have been successful). Meanwhile, we were all left to pick up the pieces of our shattered lives.

How did this happen? How was it possible that I had been on top of the world financially and made such a crucial error, throwing me into to such financial despair? How was I going to pay back the loans, let alone repair my broken