When you lose sight of how much you spend, it is really easy for small things to add up and get out of control, keeping you stuck in that feeling that you’re “Just bad with money.”
Get back on top of your money by increasing the visibility of your expenses!
Let’s look at how it works…
Tracking Allows You to Identify the Problem and Manage It
When you pay attention to what you spend and you keep those numbers visible in the front of your mind, then you can actually take practical action to manage your money game.
In the Money Mindset Bootcamp that I run, one of the big things that we do is to look at your money in real terms. We gather the data of your income and spending habits, and from there we set what your budget is.
The first step is to review your bank statements and bills and do the math to get an idea of roughly what it is that you spend and where. (Some people don’t even realize they spend...
Knowing how to neutralize negative energy is critical for developing a sound money mindset. But sometimes negative emotions, especially anger, make great fuel to get you going.
A Competitive Process
I recently attended the 30th-anniversary ball for a scholarship program I was a part of when I was at university. During her speech, the program director spoke of the 1,000+ students who compete each year for only 30 places. It reminded me of what that competitive process was like for me, years ago. While years of hard work and some good luck played their parts in my success, so did anger.
You see, among other things this application required a reference letter. I decided to petition my school’s Curriculum Coordinator, an older gentleman and a science teacher. But when I brought him my paperwork, with all my hope, he just said, “I don't know why you're applying for this. You're just gonna get really disappointed. Girls from our school don't get these...
Money blocks are self-limiting beliefs around your income and income goals. What you may not realize, however, is that simply making more money does not clear your money blocks. And until you do clear your money blocks, your money problems may only get worse.
More Money, More Problems
There's a common misconception out there that making money can solve all of your problems. As I’ve learned from my own experience, and see all the time in the lives of our clients here at Money Mindset Accelerator, money problems don’t go away until money blocks are cleared.
As you make more money and you become more successful, everything that you do gets magnified. If you haven't dealt with your money blocks, they’ll get magnified too, and you'll find even bigger ways to lose money and get yourself into financial trouble.
For example, no matter how much you earn, you can always spend more. And if you have fear, anxiety, panic or guilt around money,...
What Is The The Law Of Reciprocity?
At the most basic level, we could use the entrepreneur example: you've got something to sell, products or services, and you will provide those in exchange for a fee.
That's kind of basic giving and receiving, but I believe there is a much broader application of that as well, in business, and certainly in other aspects of life.
Some of the mentors that I've worked with, like Akbar Sheikh and Julie Tingen who both use the tagline “make more so you can give more” believe that we, as entrepreneurs, can make as much money as we can so that we can ultimately give a lot more back.
Do You Feel That Making More Money Is Greedy?
Some people feel that making a lot of money is really greedy. If that applies to you I'd urge you to challenge yourself look for the belief that’s causing that particular money block.
There's no reason why you have to be greedy if you make a lot of money. My view is...
The inspiration for this week’s post is my band, The D'Lights. They’ve taught me one of the biggest lessons that can be applied in any business and industry which is how to be prepared for opportunities.
If I had to break it down I’d say:
Master your craft: put your skills to work, get really good at what you do, and be the best in your field. "Success happens at the intersection of preparedness and opportunity".
We've been singing together for years working at our craft. A few days ago we sang at a church service, and someone approached us afterwards and decided to book us for a gig.
If we hadn't done the work that got us to sounding the way that we do, those opportunities wouldn't come our way. The same thing applies to any business.
Do you want an opportunity to speak on stage? Take the first step by having your speech ready. Know what your offer is and know exactly how you're going to handle the situation. Or at least be prepared to...
Today we’re discussing self-limiting beliefs and paradigms.
Your beliefs are not just your thoughts, they also seep into your habits, behavior and character.
Self-limiting beliefs are formed at a very young age. Around the age of four or five your conscious mind isn't fully formed. A young, impressionable mind doesn’t have the ability to interpret things to either accept them or reject them. It absorbs everything that goes on around you and pretty soon you end up thinking “this is how the world works”, and it becomes your paradigm.
Whether your parents were happy or they argued, whether money was tight or not, it had an impact on your subconscious mind. That’s how beliefs about money are formed. Over hearing conversations like “money doesn't grow on trees” or “rich people are greedy” would have conditioned you to have a certaing paradigm or belief about money.
How To Reprogram Self-limiting...
What Are Money Blocks?
Money blocks are self-limiting beliefs around your income and income goals. They work at a deep level of your sub-conscious mind to trip you up in the form of self-sabotage.
Money blocks may show up in your work as:
As these effects of money blocks pile up, you feel a constant pull in opposite directions that stops you from taking effective action.
Discovering Money Blocks
This short exercise will help you identify your money blocks so you can start clearing them faster.
This is your new income goal. Your previous goal was too low. You could be making...
When it comes to setting and achieving your business goals, there are many different elements that make up a successful business. To make a regular, recurring income as a solo entrepreneur, you need to master the following components:
I’ve heard it said before that comprehension starts and ends at the point of articulation. That is, how we talk about what we experience, the language we use to describe it, shapes our understanding of that experience.
Quite often when people feel “stuck,” it’s for a lack of words to explain what's going on. We simply just experience something, but we can't really explain why we're stuck, and for that reason, we can’t understand it, and for that reason, we can’t get out of it.
While true in all areas of life, today we’re looking at how working with a money vocabulary can help you improve your life financially.
Specifically, we’re looking at money blocks.
What Are Money Blocks?
Money blocks are self-limiting beliefs around money. They affect people in three main ways:
1. Money Creation Money Blocks
People with money blocks centered on money creation struggle to create money and create wealth. These...
When you have a powerful money mindset, you can start to excel in all areas of your life because you’ll learn how to operate with more clarity, focus and balance.
A lot of the personal challenges I faced during my 20s stemmed from having a weak money mindset.
When I left high school many moons ago, I was really fortunate to be accepted into a prestigious business scholarship program at one of Australia’s top universities. Even though my scholarship opened up many doors for me, I very quickly realised that the corporate world wasn’t what I hoped it would be and I felt really unhappy in my career. Most of the time I felt like a square peg trying to squeeze through a round hole.
What I didn’t know at the time was that a lot of my challenges stemmed from having a weak money mindset and not believing I was worthy of success. This self-limiting belief caused me to work long hours and I would often stare at my computer screen and wonder: “Is this...
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