In this episode of Welcome to Eloma, Michelle Arpin Begina, Financial Change Maker of MichelleAB, talks about the challenges entrepreneurs face in understanding and managing their finances. Michelle shares the catalyst for writing her book, which was a desire to help people talk openly about money and realize their financial potential. Kiley and Michelle explore the concept of financial traumas and how they can impact our relationship with money. Michelle shares personal stories and examples to illustrate the importance of acknowledging and honoring our experiences with money. They also discuss the idea of self-sabotage and the significance of our first money conversations.

In this episode, Michelle and Kiley discuss the complex relationship between money and trauma. They explore how childhood experiences and beliefs shape our attitudes towards money and offer advice on uncovering and understanding these influences. They also delve into the concept of financial self-sabotage and the conflict between freedom and belonging. The conversation emphasizes the importance of self-knowledge and defining success on one's own terms. 

Lastly, Michelle shares insights on how successful individuals treat money like a business meeting and the power of collaboration and community in entrepreneurship.

Quotes

• “The three components of self-determination are competence, connection, and freedom. Self-sabotage is often the conflict between freedom and the need to feel connected. Think about this with our money.” 24:52
• “Unless we are living a completely solo life, we are making decisions, financial decisions, that impact not only us, but other stakeholders, other family members, friends.” 25:13
• "Ask yourself, what did I experience in terms of money? What are some of the particulars? Was money talked about and how was it talked about growing up? Particularly for women, research shows that women who grew up in households where money was not talked about, or they were not encouraged as girls to know about money or talk about money, are handicapped.” 22:46

Links and follow-ups:

Connect with Michelle Arpin Begina:

Websites: www.michelleab.com   

Linkedin: https://www.linkedin.com/in/michellearpinbeginacfp/ 

Email:  michelle@michelleab.com

Connect with Kiley

Learn more at WelcomeToEloma.com

Work with us at RAYNEIX.com 

Newsletter Signup: RIXNewsletter.com 

Linkedin: Kiley Peters & RAYNE IX

Instagram: @kileypeters & @rayneix 

Email: info@rayneix.com