You love it when it’s there, hate it when it’s not but don’t treat it right so it will stay. That’s a lot of people’s relationship with money - negative and not conducive to reaching your money goals and therefore life goals.
As women in business, yes we want to help people and yes we want to do something we enjoy for a living but we also want (and need!) to make money. Without money how are you going to pay the electricity bill and clothe your kids, never mind pay for their increasingly expensive extracurricular activities and have enough left over for drinks with the girls?
Creating the financial life you want isn’t only determined by ‘businessy’ stuff like selling the right product to the right people at the right price. It’s also determined by how you think and feel about money.
The what and why of money mindset
Your money mindset is made up of your beliefs and your attitude surrounding money. It’s either mostly negative or mostly positive - whichever it is, it will impact your relationship with money and how much of it you have!
We get all kinds of negative messages about money from our upbringing and formative experiences, friends and family, the media and cultural influences. For example:
Money is the root of all evil
Money doesn’t grow on trees
Money is unattainable
People who have a lot of money are horrible
You’re just ‘not good’ with money
And so on, I’m sure you can probably add a few more! Whether we notice it or not, those messages go into our unconscious and form our beliefs and the stories we tell ourselves about money, which then affects our money decisions - making, spending and saving. That’s our money mindset in action. The beliefs we hold about money have a direct impact on the way we view money, feel about money and ultimately can limit how much money we have.
For women in business, that often shows up as the limits we put on ourselves. For example, you might find that;
On the other hand, if you believe there is no limit to the amount of money you can earn and that it’s OK to have a lot of money, you will keep working towards increasing your income without resistance.
The resistance a negative relationship with money can cause is the real issue. As beliefs determine action and therefore results, we need to take a closer look at our beliefs. That’s where journaling can help.
How to overcome your money blocks
Journaling is a tool for self-discovery and internal research. We can use it to explore our conscious, and unconscious, beliefs around money, consider how they impact our behaviour and decide how we want to respond to them in order to progress with our financial goals.
An important part of this work is finding out where the beliefs have come from - your parents, something you were told as a child or an experience you had during a critical time in your life. When you know what the belief is and where it originates from, you can work with improving your money mindset. It can be really hard to get rid of beliefs, especially unconscious ones because they are so embedded. I don’t bother, they are part of me, so I find a way to work with them instead and I encourage my clients to do the same. The key is not to let them hold you back.
By reaching into your subconscious and bringing negative beliefs to light, you can then choose whether they will continue to control you. You make decisions and take action with full awareness of them. For example, previously, you might have given up on a marketing campaign because you didn’t think you were capable of making more money anyway. After examining your money mindset, you can make a decision on whether to continue the marketing campaign with the awareness that you may be tempted to give up on it because you have a belief you are not capable of making more money, rather than looking at the facts on whether it’s working or not.
Raising your awareness on your beliefs and any mental blocks surrounding money is just one step in the right direction to changing your relationship with money.
With that in mind, here are a few journal prompts to help you raise your awareness on your beliefs surrounding money;
What are the first thoughts and feelings that come to mind when you think about making money?
What do you think about people who have a lot of money?
What opinions do those closest to you have about money?
How to use journaling to make more money
Your money mindset is just one piece of the puzzle when it comes to generating more revenue in your business. Your beliefs around marketing, selling, networking, your own self-image and more, influence how you show up in your business for your current and future clients.
That’s why we explore a different topic each month inside the Find Your Vibe Business Club, diving into our unconscious beliefs and what will help us, so we can make a little bit of progress every month. A little bit of progress each month quickly adds up!
If you join us, you’ll receive coaching through daily journal prompts and twice monthly group workshops. You’ll benefit from the hive mind of all the members inside the private Facebook group and during content creation, mastermind and launch pad live sessions. We’ll keep you accountable in applying your discoveries to your business through daily co-working and weekly accountability calls. Get all the details and sign up for the Find Your Vibe Business Club here.
A final journal prompt for you -
What other beliefs could be blocking your progress?
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