A clinical hypnotherapist has revealed that it could be possible to improve your money management habits through hypnotherapy.
Sam Lawrance, a hypnotherapist from Cork, Ireland, believes that mindful techniques can be a powerful way to control and reduce the spending urge and change your financial mindset, and that you can indeed be ‘hypnotised’ to be better with money.
Sam commented:
‘The subconscious mind is incredibly powerful. Through hypnotherapy, it is possible to tap into the subconscious and change the way we view and react to things. This can include how we view money and spending, especially impulsive spending.’
Vivamoney.co.uk have partnered with Sam to gain his insights and learn more about how hypnosis and hypnotherapy could improve an individual's money management.
Sam Lawrance, a hypnotherapist from Cork, Ireland, believes that mindful techniques can be a powerful way to control and reduce the spending urge and change your financial mindset, and that you can indeed be ‘hypnotised’ to be better with money.
Sam commented:
‘The subconscious mind is incredibly powerful. Through hypnotherapy, it is possible to tap into the subconscious and change the way we view and react to things. This can include how we view money and spending, especially impulsive spending.’
Vivamoney.co.uk have partnered with Sam to gain his insights and learn more about how hypnosis and hypnotherapy could improve an individual's money management.
How does hypnotherapy work?
‘Humans have both a conscious and subconscious mind,’ Sam explains. ‘The subconscious mind contains all our unconscious beliefs and habits and can be hard to change, which is why many people may find that they struggle to achieve their goals.
‘In order to make changes and foster a more positive or favourable belief, we must first access our subconscious mind and make changes at that level. When somebody’s subconscious mind “buys” into an idea during hypnosis, then their thoughts, feelings, and behaviours begin to flow in that direction.
‘Hypnotherapy has the potential to help people change their attitudes and behaviours around money and eliminate negative financial habits.’
‘In order to make changes and foster a more positive or favourable belief, we must first access our subconscious mind and make changes at that level. When somebody’s subconscious mind “buys” into an idea during hypnosis, then their thoughts, feelings, and behaviours begin to flow in that direction.
‘Hypnotherapy has the potential to help people change their attitudes and behaviours around money and eliminate negative financial habits.’
How could hypnotherapy help someone manage their money better?
‘Changing the way we view and react to things is a major part of adjusting our mindset,’ Sam says.
‘The hypothesis is simple: if you can change your mindset, you can change your life.
‘For example, during a study, several participants were invited into a room and were asked to split themselves into two groups: those who considered themselves to be lucky, and those who labelled themselves as unlucky.
‘The two groups were then asked to go to a nearby coffee shop to claim a free drink. The “lucky” group went first. The vast majority of the lucky group saw a £5 note purposely placed by the front door - how lucky! They went in, got their free coffee, and looked around the purposely staged room for somewhere to sit. There was only one space left, next to an individual on a laptop. Many of the lucky group felt thankful to have found the final available space. They sat down, with most smiling and saying hello to the individual on the laptop, who instantly presented them with £50.
‘The “unlucky” group went next. Most missed the £5 note that was in exactly the same place. When they got their free coffee, they saw one space left which they considered unlucky, as most wanted to sit by themselves. Some left, some sat down, but most didn’t engage with the individual on the laptop so didn’t receive the £50.
‘At the end of the day, the experiment was explained to the participants. The lucky people appreciated being involved in such a great trial and were pleased to be £55 better off. On the other hand, the unlucky people felt the experiment was unfair, which led to them further believing in their perceived lack of luck.
‘The good news is that you can change your story, and one of the ways to do this is through hypnotherapy. The narrative we allow to influence our mind often plays out in reality. People who think of themselves as lucky see opportunities, take them, and make the positive narratives true.
‘So how does this relate to money management? Well, if your narrative is, “I am a regular saver, I always have more than enough money”, then this could become the case.
‘Through hypnosis and a range of supporting methods, you can work towards developing a more positive mindset and outlook on money. For example, using hypnosis to give someone the suggestion that they can regularly save an achievable amount of money could result in them bringing that into reality.’
‘The hypothesis is simple: if you can change your mindset, you can change your life.
‘For example, during a study, several participants were invited into a room and were asked to split themselves into two groups: those who considered themselves to be lucky, and those who labelled themselves as unlucky.
‘The two groups were then asked to go to a nearby coffee shop to claim a free drink. The “lucky” group went first. The vast majority of the lucky group saw a £5 note purposely placed by the front door - how lucky! They went in, got their free coffee, and looked around the purposely staged room for somewhere to sit. There was only one space left, next to an individual on a laptop. Many of the lucky group felt thankful to have found the final available space. They sat down, with most smiling and saying hello to the individual on the laptop, who instantly presented them with £50.
‘The “unlucky” group went next. Most missed the £5 note that was in exactly the same place. When they got their free coffee, they saw one space left which they considered unlucky, as most wanted to sit by themselves. Some left, some sat down, but most didn’t engage with the individual on the laptop so didn’t receive the £50.
‘At the end of the day, the experiment was explained to the participants. The lucky people appreciated being involved in such a great trial and were pleased to be £55 better off. On the other hand, the unlucky people felt the experiment was unfair, which led to them further believing in their perceived lack of luck.
‘The good news is that you can change your story, and one of the ways to do this is through hypnotherapy. The narrative we allow to influence our mind often plays out in reality. People who think of themselves as lucky see opportunities, take them, and make the positive narratives true.
‘So how does this relate to money management? Well, if your narrative is, “I am a regular saver, I always have more than enough money”, then this could become the case.
‘Through hypnosis and a range of supporting methods, you can work towards developing a more positive mindset and outlook on money. For example, using hypnosis to give someone the suggestion that they can regularly save an achievable amount of money could result in them bringing that into reality.’
Can you be hypnotised to stop impulsive spending?
‘One in 10 British consumers buys something on impulse every time they shop, resulting in expensive, unplanned purchases, which may often be wants, rather than needs. Indeed, a study carried out by Vanquis Banking Group revealed that each year, UK adults collectively spend £9.7 billion on items that they later regret purchasing.
‘For some, impulse buying can become a real issue, leading to feelings of regret and shame, and resulting in a negative impact on their overall financial situation, such as getting into debt or not being able to save money.
‘Hypnosis could help in this scenario. Between an impulse and an action, there is a space, and hypnotherapy aims to access this space so that the impulsive action, such as needless spending, doesn’t happen automatically,’ Sam says.
‘One way of doing this is to give people a hypnotic trigger, which is a physical action that initiates a positive response. In the case of impulsive spending, getting out the credit card could have the individual visualise a full bank account or an image of the new car they’re saving for that the needless buying is inhibiting. The individual is then in greater control of that space and has a choice, rather than just impulsively purchasing without thinking of the consequences.’
Sam adds, ‘This technique is most commonly used in people giving up smoking and trying to curb their junk food intake, but can work extremely well with impulse buying, too.’
Is the cost of hypnotherapy worth the money?
Sam says, ‘Hypnotherapy could seem expensive to some, but it has the potential to be a great investment.
‘Of course, everyone is different, and there is no cast-iron guarantee that hypnotherapy will work for you. The worst-case scenario is that nothing happens, but hypnotherapy has been reported to have up to a 93% success rate, so you could end up changing your life for the better with long-lasting, positive effects. In terms of financial goals, this could mean that you’re able to meet your savings target or put an end to reckless spending.
‘Some people may benefit from several sessions, although I also believe that just one session of hypnotherapy has the potential to alter the course of your future, and I see such results on a regular basis.’
‘Of course, everyone is different, and there is no cast-iron guarantee that hypnotherapy will work for you. The worst-case scenario is that nothing happens, but hypnotherapy has been reported to have up to a 93% success rate, so you could end up changing your life for the better with long-lasting, positive effects. In terms of financial goals, this could mean that you’re able to meet your savings target or put an end to reckless spending.
‘Some people may benefit from several sessions, although I also believe that just one session of hypnotherapy has the potential to alter the course of your future, and I see such results on a regular basis.’
Dan Whittaker, a personal finance expert at Viva Money, concludes,
‘Sam’s comments provide a real insight into what is a somewhat unconventional method of improving an individual's money management.
‘If you’re spending hundreds of pounds a month on unnecessary purchases, putting some money aside to try out hypnotherapy sessions could be a worthy investment. If the hypnotherapy works for you, it could save you money in the long run.
‘Likewise, if you’ve previously found it hard to budget and regulate your spending responsibly throughout the month, hypnotherapy could help you adopt healthier financial habits.’
Viva Money has collaborated with Clinical Hypno-Psychotherapist Sam Lawrance to reveal how hypnotherapy could help you manage your money.
-ENDS-
Sam Lawrance – Clinical Hypno-Psychotherapist
Sam is a Clinical Hypno-Psychotherapist with a First Class honours degree in Psychology. Sam is the owner of Kerrypike Hypnotherapy Clinic, Cork’s top-rated hypnotherapy service.
Through hypnotherapy, Sam can help clients work towards positive changes in relation to a variety of subjects, including anxiety, addiction, depression, insomnia, and fears and phobias.
Website: https://kerrypikehypnotherapy.com
Dan Whittaker - Personal Finance Expert at Viva Money
Dan has worked in the consumer finance sector for over a decade in a number of roles, including developing and maintaining commercial partnerships, marketing, and digital development.
Dan has strong market and product knowledge across a range of consumer finance products including, but not limited to, credit cards, savings, loans, and mortgages.
Website: https://vivamoney.co.uk
About Viva Money
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