Your Money Mindset: Income Goals

 

Do you deliberately set any income goals for yourself? Maybe for the year? Is there a specific amount of money that you're going after whether that's in your career or in your business?

When I talk to people about income goals, usually I find that there are two major types of challenges when it comes to setting effective income goals.

The first one is that some people don't actually set any goals at all. When you don't set a goal, you end up having a default goal which is usually somebody else's goal. A good example of this is corporate jobs.  A lot of people say “I just ended up here”, or “I landed in this job”, and often that's why. It's because of the absence of having clear goals, specifically an income goal.

By not setting a clear goal, you are actually imposing a ceiling on your income and earning capability.

Where do you see yourself in 10 years? Do you aspire to be the head of your department? It's not that if you're an accountant you need to...

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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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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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