The Truth About Income

 

This article is part of the Money Mindset series where I've been talking about your relationship with money, and in particular around the six types of money.

So far we've covered savings, debt, and today we're going to talk about income.

When it comes to income, I like to dive right in because this one is best tackled on a practical level.

Take a few seconds to think about your income. How much do you earn? When do you get paid? Is it monthly? Or every other week?

We typically refer to income from a job, but it can also be from your business.

What I want you to do is to think about your income, it doesn't have to be exact, just something close. Visualise that number. Picture when that money comes in, when it hits your bank account, try to see that figure.

What I want you to take note of is whether any feelings are coming up around the visualisation of that amount of money.

The reason I'm asking you to do that is when it comes to income, particularly if it is a salary...

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How To Get On Top Of Your Debt

 

We’re continuing with our Types of Money series, and today is all about debt.

If you missed the last post about savings, you can read all about it here.

 

Why is debt such an important component of your relationship with money? 

Talking about debt is actually one of my favourite topics because I love helping people break free from the crippling feeling of being in debt.

If you do have some debt, touching on this topic might make you feel a little bit uncomfortable. If it does, it just means it's triggering something within you.

Debt can be this deep dark secret you feel you've got to keep from the world. Like a dark cloud that hangs over you all the time and no matter what you do, you are constantly reminded it’s there.

The silver lining here is that if you can clearly identify a problem, name it, and talk about it in a healthy way, then you're really on the right track to being able to solve it.

 

Bad Debt Vs Good Debt

You might have come across terms...

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What Is Your Relationship With Your Savings?

 

Savings is an important aspect of your relationship with money. You may earn a lot of money, but if you don't have a strong money mindset, you may not actually save any of it. You may spend everything that you earn and potentially even have debt around that, too. For that reason, saving is a good indication of the strength of your relationship with money.

I want you to keep in mind that we all have what's called a mind-body connection around savings. What this means is that you currently have certain beliefs around savings and you also have certain feelings and emotions about savings.

A good way to find out what those feelings and beliefs are is by answering a few quick questions: 

  1.  How much do you have currently in savings?
    Make a mental note of that.

  2. How much would you like to have in savings?
    And particularly note if there's a gap between what you have and what you'd like to have.

  3. The third part is, based on where you are right now, so you know, your current level...
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Your Money Mindset: The 6 Types of Money

 

One of the questions I get a lot from people as a coach is around whether or not people have a good money mindset. Many people think that if they can resonate with concepts like “abundance” then it means they have a good money mindset. And while abundance is a great thing to focus on, that doesn't necessarily mean that you've got a great mindset around money.

Whenever I'm talking about money, I really like to get into the specifics. When I’m coaching my clients, we don't focus on concepts like abundance. Instead, we get down to the nitty-gritty of it and actually talk about the different types of money.

Today want to give you a quick intro into six types of money that I actually focus on.

Later this week I will go into each of these types of money in more detail.

The first type of money is savings. Can you save money? Have you ever been able to save money? And how do you feel when you think about saving money?

The idea of savings might make you feel...

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The Benefits Of Celebrating Your Progress

 

When you’re working towards a major goal, do you celebrate your progress along the way? Many people think that celebrating your progress is a waste of time because the only thing worth celebrating is reaching the final milestone.

Actually the opposite is true – recognising small wins motivates you to keep going and inspires you to put in your best effort.

If you’ve conditioned yourself to feel unenthusiastic about completing tasks, this could be your inner critic at play. What feels like indifference on the surface can actually be a form of self-sabotage.

Watch the video above to discover how you can get to your end goal more quickly by celebrating your progress.

 The idea of celebrating gradual progress is so simple and therefore is often overlooked. To achieve your goals in the most direct way with genuine excitement and enthusiasm, it’s important that you recognise and celebrate smaller milestones as you progress towards a bigger goal.

I used to feel...

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How To Stay On Track With Your Goals

 

Would you like to know one of the best ways to stay on target when you’re chipping away at a long-term goal? Motivating yourself is similar to taking a shower – it doesn’t last so you have to keep doing it every day!

Successful people don’t actually wait to feel motivated or inspired, they take action anyway, and the motivation follows. Accountability works the same way by keeping you on track with the use of mutually agreed deadlines.

When you’re pursuing a side hustle on your own, it can easy to put things off and kick the can down the road. However you’ll be amazed at how far you’ll go (even if it takes the occasional all-nighter) to complete things when you’re accountable to someone else.

Watch the video above to discover how you can use accountability to stay on track with your goals.

To stay on track and motivated, you need to make sure you’ve chosen a meaningful goal(s) by asking yourself:

  1. Am I able? In most cases,...
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How I bounced back from my quarter life crisis

Have you ever had a major turning point in your life?

I had a major turning point just before my 30th birthday. The thing with turning points is that you usually don’t see them coming until they hit you in the face.

In my late 20’s, I was cruising along thinking that everything was going well in my life. I had a great job as a Commercial Manager for Australia’s largest media company, my catering business was doing well and I also had a fun side hustle singing in a pop girl group on weekends.

I was working really hard and I was the person who could get anything done. The problem was, playing the role of Superwoman came at a cost. My job was becoming really demanding and I was under an enormous amount of pressure at work. This is how I felt most days:  

I hit rock bottom one night when I was driving home from work. After working 13-hour days for many months straight, a crash was inevitable. Exhaustion became the norm; there was barely any time in my schedule...

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Are you off chasing rabbits? Here’s how it’s costing you…

So I’m finally back in Sydney after my Thailand travels (actually I also squeezed in a couple of other short trips to Queensland, Australia).

In my previous email, I promised I’d share some of the insights I picked up at the Thailand Internet Business Workshop. It was an unforgettable trip and I even got interviewed by the local TV station, Pattaya People – check it out:

During all the time I spent recently on planes and in airport lounges, I thought about what I could share first to give you the edge now. After spending 8 days with a world class line-up of speakers and experts, I managed to narrow down all the insights to a few key gems. I learned HEAPS of cutting edge strategies for marketing your business online including:

  • How to build brand presence on YouTube
  • How to write compelling content with copywriting strategies
  • How to build a passive income stream with Affiliate Marketing
  • How to leverage LinkedIn as a marketing channel
  • How to engage an audience and...
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I fired my boss… and it felt GREAT!

So it's been a little while since I published a new blog post. Things have been really hectic over the last few months.

Here’s what happened…

About eight weeks ago, I walked out of the Sydney office of my high paying corporate job with a cardboard box in my hands. I headed down to my car space for the very last time not worried about the future or how I was going to pay the bills. I had my online coaching business all set up and I was ready to embark on the next chapter as a full-time entrepreneur.

Leaving my corporate job was a huge milestone for me - it's something I wanted to do for a really long time and I worked out how to make it happen. Travel is also one of my hot buttons and I decided to mark the occasion with two trips. The first stop was a relaxing wind-down on the Gold Coast followed by a trip to Thailand to attend an 8-day long Internet Business Workshop (Yes - 8 days!).

One of the highlights of these trips was realising that I'm now really...

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