110: Money Overachieving and Perfectionism with Money Skills for Therapists

 
 
 

If you’ve been diving into your personal finances, there’s a good chance you’ve felt struck by “doing it right” or “not doing enough.” In this podcast swap episode, Linzy Bonham of Money Skills for Therapists interviews therapist Heather Stevenson who shares actionable steps we can take to help manage the tendency to overachieve so we can be more present, happier, and healthier in our relationship with money.

How Does Money Show Up with Overachievers? 

When it comes to overachievers, they tend to set “moving targets” as their goals. So when they achieve a goal, they don’t pause and celebrate their win. Instead, they tell themselves things like “it wasn’t a hard goal to achieve” or “I made it too easy.” When it comes to money, this can look like saving more money in a checking account or always pushing up the ceiling on the amount of money they want to earn. They struggle with “enough” money, both having enough and earning enough. 

For many overachievers, their behaviors are similar to those of a “workaholic” or a “perfectionist.” They get really focused on external markers of success. This can cause them to struggle to relax, take breaks, or enjoy time away from earning or saving money. It’s ironic because these folks tend to be “good” on paper financially, but emotionally, they aren’t able to relax and enjoy it. 

Underneath the Drive To Achieve

It’s hard for overachievers to just “be.” They struggle with rest and setting work boundaries. Often, they feel “lazy” when they take earned time off or aren't doing something that is moving the needle financially.

Underneath the drive to achieve more financial success, overachievers tend to highly intellectualize themselves. They are in their heads–and spreadsheets– a lot as a way of staying distracted from things underneath the surface. Often, there are deep feelings of inadequacy, imposter syndrome, or self-doubt. They can struggle to listen to their inner wisdom or pay attention to their true emotional needs. They cut themselves off from their feelings because sometimes it’s too painful to tap into them. Focusing on achieving feels far more comfortable. 

Making a Mind-Body-Money Connection

We’ve all heard about the mind-body connection; the idea that our thoughts and bodies are interrelated. But money fits in there, too. So helping overachievers connect to their feelings in their body is a good first step to figuring out why they have such an intense financial drive to succeed.

Slowing down, through mindfulness, attentive breathing, or literal stillness and rest, are great starting points to notice what physical or mental resistance arises. What does the drive to overachieve really feel like in your body? What does it feel like to hold still? What feels uncomfortable?

Those basics are the first step in cultivating a mind-money-body connection. Practical financial literacy skills only take a person so far. To really get comfortable with money, it’s imperative to include elements of the mind-money-body connection. To get underneath the shame, anxiety, or discomfort. 

Slowing Down Financially

There’s a huge emphasis on growing quickly financially. Whether this growth is emphasized as a business owner (e.g., “you need to 10x your revenue!”) or personally (e.g., “you need an emergency fund yesterday”), it can be hard to accept slow steadiness in finances.

It’s not about hitting an income goal or a certain number of things. But a rich life is rich in all of these ways outside of just dollars and cents. 

How can you place more emphasis on what you are learning as you move toward your goals? Are your financial goals ones that feel good in your body, not just on paper? How can you experience richness outside of finances through play, curiosity, or creativity?

Learn more about Linzy Bonham of Money Skills for Therapists at her website.

 
 
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111: Time for a Pause

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109: Understand Your Money Story to Have a Healthy Relationship with Money