{"id":13616,"date":"2025-12-02T13:36:56","date_gmt":"2025-12-02T18:36:56","guid":{"rendered":"https:\/\/futurpreneur.ca\/?p=13616"},"modified":"2025-12-02T13:36:58","modified_gmt":"2025-12-02T18:36:58","slug":"your-biggest-financial-asset-isnt-money-its-your-mindset-says-shay-myers","status":"publish","type":"post","link":"https:\/\/futurpreneur.ca\/en\/blog\/your-biggest-financial-asset-isnt-money-its-your-mindset-says-shay-myers\/","title":{"rendered":"Your biggest financial asset\u00a0isn\u2019t\u00a0money,\u00a0it\u2019s\u00a0your mindset says Shay Myers\u00a0"},"content":{"rendered":"\n

The most important thing about money isn\u2019t the money itself. Wait, what?! Yes, you read correctly. Something that is often left out of the money conversation is how important your mindset is to becoming financially successful. <\/p>\n\n\n\n

Shay Myers is an Ontario-based licensed financial professional and founder of Finance for the Culture<\/a>. The company offers an accessible, fun approach to financial literacy, with a special focus on young entrepreneurs. <\/p>\n\n\n\n

In this Futurpreneur guest blog post, Shay shares her insights on acknowledging past financial habits, overcoming systemic barriers, and developing a healthier relationship with money to secure a prosperous future. <\/p>\n\n\n\n

Release the past and relearn for your future<\/strong> <\/p>\n\n\n\n

Your mindset impacts your emotional well-being, which impacts your self-esteem, daily routine, spending habits, and more! Did you know FP Canada\u2019s Financial Stress Index<\/a> revealed that money was the top stressor for Canadians, with 40 per cent of people surveyed expressing it as their main source of stress? This placed money ahead of personal health, relationships and work! <\/p>\n\n\n\n

In recent years, their survey also revealed that Canadians are struggling to save money, with 35 per cent of people expressing that saving enough for retirement and 32 per cent expressing that saving for a major purchase were areas of growing concern. The good news is that people who work regularly with a financial professional have significantly lower levels of stress, fewer regrets about money, and a more hopeful view of their financial futures (56 per cent who work with a professional) compared to 48 per cent who do not work with one. <\/p>\n\n\n\n

We must also acknowledge the layered experiences of Black Canadians when it comes to money and mindset. Many Black Canadians are from immigrant families, whose parents came here with the mission of providing a better life for their children. They worked hard, often not having much time for their family, but did what they had to do to survive. Some of them barely made ends meet, but the ends still met. They held on tight to their money, especially if there wasn\u2019t a lot of it. They never let you know when there wasn\u2019t a lot of it. Or maybe they did. Did you have McDonald\u2019s money? Probably not! <\/p>\n\n\n\n

Some of us saw our parents struggle, and some of us overheard hushed, stressed conversations about bills. Some of us developed scarcity mindsets from our childhood experiences and how money impacted our families\u2019 behaviours. And we cannot forget the continuous, systemic impacts on us, including redlining, unequal pay, racism in hiring, and more. <\/p>\n\n\n\n

Now as young adults, we do a lot of the same things because that is all we know. We are afraid to spend money because we are unsure of the next time we will get it. We either overspend or hoard it in the wrong places. We overextend to keep up with the Joneses. But we can rewrite the financial script. We have acknowledged the past; now it is time to shift your money mindset to move forward. You cannot change the past, but you can change right now. <\/p>\n\n\n\n

When it comes to mindset, you have to unlearn to relearn. Are you your worst enemy? Are you stuck in your parents\u2019 shadows of their poor financial decisions or habits? It is time to GET OUT! <\/p>\n\n\n\n

Here are some questions to ask yourself:<\/strong> <\/p>\n\n\n\n