How much of your relationship with money was shaped before you were old enough to earn any?

In this episode, Dave and Hayden look back at their own childhoods and unpack how financial stress, family circumstances and the people around us can shape our beliefs about money. They explore everything from frugality and risk-taking to ambition, scarcity and the feeling that there is never quite enough.

This is a more personal episode of Aussie FIRE. It is not about finding the perfect investment strategy. Instead, it is about understanding where some of our money habits might come from.

In this episode:

🏠 How growing up in lower-income households shaped Dave and Hayden’s early views of money, security and wealth

💰 Why financial hardship can build strong saving habits, while sometimes making it harder to feel comfortable taking risks

🛟 How having a family financial safety net can change the risks someone feels able to take with careers, businesses and investing

🧠 Why money stress can stick around even after your financial position improves

🐛 Hayden’s “money worm”, the voice that keeps asking what could go wrong, even when things are going well

📈 How different childhood experiences influenced when Dave and Hayden became interested in investing and building wealth

💼 Why Hayden chose to reduce some of the risk of starting a business by working extremely hard elsewhere at the same time

🍔 How financial stress can make short-term comfort more appealing, even when it costs more over the long run

👨‍👩‍👧 Why people raised in the same household can develop completely different attitudes towards spending, saving and risk

🎯 When financial motivation can turn into compulsion, including the FIRE community’s familiar “one more year” problem

The big takeaway? Your upbringing can influence how you think about money, but it does not write the whole story. Personality, experience and the people around you matter too. Understanding where your habits come from can help you decide which ones still serve you, and which ones might be worth questioning.

Questions, disagreements or your own scenario: hello@aussiefirepod.com or reach out on socials at Strong Money Australia and Pearler.

Follow us on Instagram

Watch on Youtube

Ask a Question

FI Case Study Request Form

Pearler

Strong Money Australia

Original Aussie FIRE e-book

Dave's books on Amazon and Spotify

Disclaimer:

Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it's appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative 1281540 of Sanlam Private Wealth Pty Ltd AFSL 337927. Read the FSG available from https://pearler.com/financial-services-guide

Hosted on Acast. See acast.com/privacy for more information.

92. How your upbringing shapes your relationship with money

Aussie FIRE | Financial Independence Retire Early

92. How your upbringing shapes your relationship with money