Have you ever noticed, when you really (like really really) need money, it appears? Not necessarily, poof and it’s in your bank account, but more like, hey I forgot I had shares in that company, let’s see what they are worth now. Or hey I got this drone for my birthday last year and I never use it- let's sell it online. Basically, when we are backed into a financial corner, we come out swinging, why? Because we believe we don’t have a choice. It’s in our mindset. What if we can harness this power and turn our relationship with money into something fun and easy?
What’s Your Money Mindset? When it comes to money, we all have a unique mindset and approach to the value of money, the role it plays in our lives and a number of beliefs about what money actually means to us.
Try completing this sentence; to me money is… What is the first word that pops into your head? This is your current money mindset.
Many people grew up in families that struggled with money. Parents working long, hard hours just to put food on the table and a roof over your head. Chances are, this created a perception of scarcity of money which in turn cultivated fear, lack, disgust and so many other deep complicated emotions towards money. For many people, the concept of money is also associated with the selfish, immoral actions of some of the richest people in our world.
Yet money is just that, a concept or an energy of sorts. Physically money is just pieces of paper and plastic, chunks of metal or a number on your screen. We use money (or it’s energy) to exchange what we have for what we need and/or want. Money itself has never hurt you and it has no control over the people who hold it. It is just a man-made concept.
This is the first step in revolutionising your money mindset. Understanding where you stand with money and where these thoughts and emotions are rooted. For most people, it goes back to childhood and our family situations growing up.
For me, the phrase ‘money doesn’t grow on trees’ was on common rotation in my household. We had to work hard to earn money and only then could we enjoy it, or even better, save it. While I have no doubt that my parents worked incredibly hard to earn money for my family, to raise my brother and I and give us all the amazing opportunities we have today, I also think that earning money should not be a monumental challenge. It should not be something we have to struggle through day after day, year after year, only to be enjoyed for a few hours each weekend before going back to the daily grind.
Instead, I am choosing to find joy, fun and ease in earning money and so far it’s working pretty well for me.
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”- Jen Sincero
Identify Your Limiting Beliefs Putting yourself out there is hard, there is always the risk that you will fail, your efforts won’t be well received and, steaming back from our primitive days, you could get kicked out of the tribe and left to fend for yourself.
But the truth is failure helps us grow. Not everyone will like you no matter what you do. And we are no longer cavemen dependent on our tribe for survival.
When we understand what is holding us back, why the voice in our head is doubting us so hard and what we can do to get past this, the opportunities become endless.
For me, I told myself for so many years that I was not creative. I was convinced my artistic skills peaked when I was eight years old and had stagnated since. In not only identifying these thoughts but actively trying to prove them wrong, I have pivoted from a stress-head corporate lawyer to a digital nomad/writer/health coach/international nanny and I’ve never been happier- or made more money!
Maybe you have a deep-seated belief that being rich will make you unlovable. Maybe there’s a part of you deep down that is absolutely terrified that your parents will not love you if you make a million dollars (because as a kid you heard your parents talk again and again about how filthy rich your great uncle was and how he was a disgusting human being). When in reality, that million dollars could actually be put to great use, helping your parents retire comfortably or just simply put towards enjoying each others company on a family trip to Japan- everyone loves ramen, right?
“RICH: Able to afford all the things and experiences required to fully experience your most authentic life.”- Jen Sincero
Set Your Sights on Your Passions This is the exciting bit. Time to think about how you can make a million dollars and have fun at the same time. Think about what sets your soul on fire and/or scares the bejeezus out of you. Equal parts are best.
What are your strongest skills, what do you enjoy doing most out of everything on this planet?
Maybe it travelling, skiing, writing, cooking, playing video games, walking dogs- think big because there is money to be made out of anything you love. Maybe you’re great at talking to people, awesome at organising events, a mathematical whiz or creative genius. Find a way to put these skills to use because when you’re doing what you love, work becomes fun and making money becomes easy peasy.
Once you’ve figured out your passions and started to put together a plan (and yes this can take some time, be patient), focus on it with everything you’ve got. Eat, breath and sleep with your goals in mind and your passions inspiring your every move.
“Pay attention to the things you’re drawn to, the things you’re good at, the things you lose yourself in, the things that make you stand up and say, “My foot! I can’t feel my foot!” because you’ve been sitting in the same position for hours, totally engrossed.”- Jen Sincero
Find the Fun It doesn’t matter if you’re already working your dream job or slowly building a solopreneur empire while working as a nanny or waiting tables, look for the fun in your every day. And if you can’t find it, get out, like right now!
Seriously, I learnt this the hard way. I hung around (while still giving 110%) in an awful dead-end job for a whole year because I thought I had to. I thought if I could survive my one-year contract my boss would have to give me a letter of recommendation and off I would go to the next bigger and better opportunity, climbing the corporate ladder. I could not have been more wrong and on my very last, 365th day (I was not hanging around a second longer), my boss called me into his office only to tell me I’d been the worst employee he’d ever had and there was no way he could ever recommend me to anyone. Ouch.
We all know time flies when you’re having fun so enjoy yourself! You know your path, your goals and where you’re going, so find the time to stop and smell the roses. Make your work fun.
It could be listening to inspiring music, burning incense, flirting with your colleagues, setting up an office bake-off or whatever floats your boat. Find a way to enjoy your journey, because wasting days, weeks or even years of your life feeling miserable is only perpetuating a toxic money mindset and creating more negativity.
“It’s only when gargantuan positive emotions are involved that thoughts are able to access their superhero powers to create new expansive beliefs, fearless actions, and as a result, exciting new realities in our bank accounts and other areas of our lives.”- Jen Sincero
It’s Time to Be Fearless Now you’ve decided you want to enjoy making money (and lots of it), it’s time to be fearless. It’s time to chase your dreams as you’ve never done before. Nothing changes if nothing changes.
Sometimes you have to put all your eggs in one basket and jump into the unknown. You have to quit your job to pursue your dreams with nothing but blind faith that everything will work out and a passion that only comes from doing what you love.
“When it comes to changing your life, if you’re not scared, you’re doing something wrong.”- Jen Sincero
So let’s try again, finish this sentence; ‘to me, money is…’
I just read ‘You are a Badass at Making Money: Master the Mindset of Wealth’ by Jen Sincero and I couldn't recommend it more if you’re looking to upgrade your relationship with money and unlock your next level, money-making potential.