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Through TikTok, influencer explained how to identify a good or bad relationship with money.
The relationship with money speaks of the existence of financial culture.
With the pandemic, 33 percent of Mexicans reported that all their savings were gone.
The financial culture according to the EGADE Business School Tecnológico de Monterrey “are the skills and knowledge that allow a person to make decisions about their money, and that is acquired from financial education, which leads to the financial inclusion of a country” . Given its importance, tiktoker explains why your relationship with money is toxic or good.
And it is necessary to talk about inclusion and financial culture as a process that enables social progress; trigger for Mexicans to have greater productivity, only in this way can the country’s economy grow in an inclusive manner.
In Mexico, financial inclusion policies, according to “Mexico como Vamos”, are promoted in two ways:e people have a bank account, and promote the adoption of digital media.
The pandemic impacted the Mexican economy and damaged the financial health of Mexicans. According to Bain and Company, 68 percent reported a negative change in employment status due to reduced or total loss of income.
Likewise, 33 percent of Mexicans report that with Covid-19 all their savings to be able to cope with the crisis caused by the pandemic ran out and 14 percent mentioned having requested a loan to face the economic situation.
The health crisis served as a reflection for those Mexicans who did not have a measured consumption. Now, they watch their spending and have priorities over their previous lifestyle such as mental health (72 percent), saving for the unexpected (71 percent), stress management and relaxation time (67 percent), health physical (66 percent) and financial and job security (66 percent), say NielsenIQ data.
Do you have a toxic relationship with money?
According to the tiktoker Claudia Millan to identify your relationship, good or bad with money, it is necessary to observe your behavior with it.
“When you have a bad relationship with money you unconsciously find a way to get rid of it. You are looking for the fastest way to run out of money,” he explained in a short TikTok video.
For the influencer the relationship you have with people greatly influences your perception, since you meet people who do not manage their expenses well and buy unnecessary things or people who do not have the money but are already looking for what to spend it on.
Instead, when you have a good relationship with money management: “money is your friend”that is, investment is the main strategy sought to continue generating more and keep the number in the bank account or in your savings mattress.
“Creating wealth is not a matter of money, it is a matter of mentality”, concluded Claudia Millan.
@claudiamillank Is your relationship with money toxic? #replyingcomments #paradigms #for you #foryourpage #Energy #wealth #abundance #fyp #money #limitingbeliefs #cryptocurrencies #moneyflowquadrant #moneyfromhome ♬ Paris-Else
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