Money—the lack of it, the fear of losing it, the dread of not having enough—tops the list of concerns of many people these days. That’s because the economy is in bad shape, you may say. But didn’t those fears predate today’s bad news? And even when the economy is flourishing, we are still a debt-ridden nation.
What’s going on?
Our ability to create sufficient money in our lives is anchored by our financial attitudes, beliefs, and behaviours—what you believe can be true for your life. When these beliefs and values remain unexamined, they can get in the way of a sense of wellbeing and security. Here are a few of the more common attitudes that get in people’s way:
I Don’t Like Money; I Don’t Care about Money
This attitude is held by people at all income levels. It can have its origin in religious beliefs, political beliefs or guilt at inherited privilege. Pam is a child of the 60’s who says she doesn’t really like money. She never allows herself to have what she truly wants and always buys the cheapest version. She’s a landscape designer, but regularly under-bills her clients. A classic under-earner, she sometimes relies on credit cards for basic expenses such as rent.
I’m Clueless about Money
Doug rarely balances his bank statements, doesn’t know how much money he has or spends and, as a result, finds himself saddled with late fees and bounced check charges. People like Doug may believe that they’re not skilled enough to handle their money or may think that money is uncouth. Doug makes a good income, but his unwillingness to pay attention to it also makes him vulnerable to theft, fraud, debt he can’t afford and bankruptcy.
I Don’t Have Enough Money
Sarah worries often about money. Although her income is twice that of her friends, she talks to them often about how hard it is to pay the bills. At the root of Sarah’s fear may be a belief that she can’t take care of herself or that the world is a harsh place with scarce resources. People like Sarah sometimes fear that they will lose everything and end up homeless.
I’ll Never Have Enough
Mike also feels that he doesn’t have enough money, but rather than feeling that the world is a harsh place for everyone, he believes it is especially hard for him. Other people will do just fine, but he’ll always be poor. If you try to encourage him, he’ll list the many strikes against him. People like Mike are often under-earners, blind to the opportunities that are available.
If any of these attitudes resonate, you may want to explore them with compassion for yourself and support. As you bring awareness to self-limiting beliefs and adopt a more empowering stance, you expand into a larger sense of personal freedom. Also, healing our personal relationship with money helps build a solid foundation for weathering economic storms.
And don’t forget there is still time to claim your place at our upcoming Master Your Money Mindset MasterClass. You can find out all about the event here at www.masteryourmoneymindset.co.uk
Julia Felton (aka The Business Wrangler) is the founder of Business HorsePower. Business leaders, entrepreneurs and executives hire her to accelerate their business performance by harnessing the energy of their people to work more collaboratively together. By aligning purpose with actions the team achieves exponential results as everyone starts pulling in the same direction.
Julia believes that business is a force for good and through designing purpose-driven businesses that leverage the laws of nature, and the herd, you can create businesses founded on the principles of connection, collaboration and community that make a significant impact in the world.
