Growing up, did you hear things like, “We can’t afford that,” “I’m not made of money,” “Wait until payday,” or “Save your money for a rainy day”? 

Did you have an allowance? Were you given everything you wanted? Was budgeting practiced in your home? Did you learn about charitable giving or the ancient practice of tithing?

The ways your parents viewed money and finances have influenced how you treat money now. If sticking to a budget meant you didn’t get everything you wanted when you were young, you might not want to have a budget now.

Edward Horwitz, Ph.D., says, “Our research shows that the many patterns we observe in childhood are the primary source driving our financial decision-making later in life.”

In an article in Forbes, Molly Triffin explains, “This childhood imprint of how to deal with money cuts both ways. Solid financial habits like spending within your means or nipping small debts in the bud, may come from smart money lessons picked up from your parents.”

“However, if you tend to make fiscal mistakes or stick your head in the sand to avoid budgeting or bank statements, mom and dad may be the reason.”

Learned From Modeling

The founder of the Financial Psychology Institute at Creighton University, Brad Klonz, Psy.D. notes, “Children primarily learn from modeling, and we all have a tendency to pick up the behaviors of our parents. Money attitudes can be insidious in the sense that we may not remember anything specific, but on a subconscious level, kids are very sensitive to that and pick up on this modeling.”

In Your Genes

Other studies referred to in the article “concluded that about one-third of our approach to savings stems from genetics. DNA predisposes us to having more or less self-control and that may be key in determining if we spend with abandon.”

You can’t change your genetic makeup. However, you can figure out your attitude about money and finances by asking yourself some questions.

• What three things did your mom and dad teach you about money?
• What is your earliest money-related memory and your most painful money memory?
• What is your biggest financial fear these days?

“Addressing these can uncover deep-seated patterns,” Klotz says. When you uncover the roots of your money perceptions, you can take the steps to move forward.

Move Forward By Investing

An article in the Los Angeles Times tells you to “Focus on the long term. Ensure you are making informed money decisions that reflect your values. But set yourself up for long-term financial success.”

Even with the best financial foundation, investing can be intimidating. If you could use an A.I. product that’s easy to use and costs less money than other investing products, would you be interested?

Consumer Investment Vehicle

Many brokerages and investment companies may claim to offer robo investment advisors, online financial planners or the best mobile trading app. But what is the cost? Do you need advisors and planners? How safe is your investment?

See Why you don’t need a financial advisor

Kelly Korshak at iFlip has created the first A.I. driven consumer investment vehicle on the market, iFlip’s A.I. SmartFolio. This proprietary, fully automated A.I. driven portfolio gives you superior performance with less risk and at a low cost. By investing long term, you can preserve, protect and grow your wealth using A.I.

See How iFlip’s A.I. Beat The Stock Market

A.I. is the best algorithmic trading software, fully automated machine learning software. A.I. only exists if the machine algorithm can change its own rules without human interference. iFlip’s A.I. will beat a human every time. It doesn’t have an opinion or emotion.

You can improve money habits learned from your parents, whether good or bad. Start by investing and click over to iFlip to learn more. If you have $200 or $2,000,000 to invest, iFlip is the most effective and highly efficient mechanism for investing in the stock market. They’ll help you create wealth through access to A.I.