Okay, so I have a confession. If you’d asked me five years ago Why I Needed to Master My Money Mindset I would have said that I didn’t. Or in fact more accurately I would have said, what is your money mindset? This is because when I worked in the corporate world no-one spoke about mindset, let alone money mindset. At the time I earnt a great salary, so why did I need to master my money mindset?. What did that have to do with anything in my life, and yet now on reflection it had do with everything.
What I’ve learnt during the last five years about money is unbelievable – who could know it could be so complex and yet simple at the same time. You see whilst I earnt great money in corporate I now realise that I had some real limiting beliefs about money that were holding me back. Here are just some:
- I used to ask my boss why he paid me so much…………what was I thinking
- My annual bonus always got spent on essential house and car repairs…….funny how they always happened in January right after my was paid
- I paid little attention to my money and regularly used to launder it………….in the washing machine.
Many of these limiting beliefs I now realise stemmed from my childhood and the value I attribute to money and myself. In fact I didn’t think I deserved money and I had a glass ceiling surrounding what I could earn. This was not a great mindset to have when running my own business when your attitude towards money secretly determines the success of your business. Fail to master your money mindset and you and your business stay stuck, helping just a small number of people and you end up not living up to your full potential.
Just to be clear here, you don’t need to be “all about the money” in order to be successful but you DO need to be committed to breaking through your money wall – the mental, emotional and belief barrier that each of us needs to bust through as you grow your business and move it from a hobby to a real business.
Here are some of the Million Dollar Money Mindset shifts that help you Master Your Money Mindset.
- Act As If – when you are stuck imagine you are a 6 or 7 figure business owner. What decision would you make from that place.? Remember the brain can’t tell the difference between fact and reality so convince the brain you are a 6 or 7 figure business owner by acting that way.
- Spend 100% of your time and energy focused on money making activities. These include having sales conversations, working on revenue generating projects, reaching out to joint venture partners.
- Pay Attention to Money – the best way I have found to get into relationship with money is to pay attention to it every day and I do this by tracking my income DAILY and reviewing my bank statements and expenses WEEKLY. Plus I set a bold money goal every 60 days to keep me on track. Get into relationship with money as you can’t ignore any relationship and expect it to thrive and grow.
- Give yourself permission to make money. Many women in particular do not feel they deserve to make money and so they stay stuck never achieving their greatness. And if you can’t give yourself permission get permission from someone else……….I give you all permission.
- Surround yourself with people who are already successful and will support you on your journey. It has been said that your wealth is determined by the five people you hang out with the most. Who are you hanging out with?
Mastering your own money mindset can be a tough journey which is why I am running a Master Your Money Mindset MasterClass on 15th March to help people just like you. Whilst mastering your money mindset is simple, it is not easy and you need support to help you break through the money wall.
You can find out more about this masterclass 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.
