If you have heard but have no idea what it is to have a money mindset for success in business, you are not the only one! It seems that it has been a popular term, especially on social media, but just a few know what it is, why it is important to unlock profits and longevity in your business.
The most common way people give up their power is by thinking they don’t have any.
-Alice Walker
What is Money Mindset?
A money mindset is the conjunction of beliefs, ideas, thoughts, attitudes, and behaviors about your finances (Personal finances and the money decisions with your business). In other words, it’s the perspective you have over money that overrides your behavior with it.
For instance, Julia, a member of the IMM Space, a mom of 4, wife, and business owner, often struggled to keep up with her finances but didn’t represent an issue.
She lived a comfortable life when working 9-5, as in her words, “As long as I had the paycheck, I knew I was going to be fine,” but things changed when she had to stay home with the kids and started her business.
During her first year of business, she was determined to make the business work. She hired coaches, created the website, designed her programs, etc… But at the end of that first year, only more debt was accumulated, and the money that came in went back in a matter of weeks.
When entering the second year of her business, Julia realized how often she would find herself thinking that being a business owner was not a way to create financial security for her or her family.
And that was when she came to the IMM Space where she found how broken and wounded her perspective – Or money mindset – over making and keeping money as a female entrepreneur and how it was sabotaging her business success.
Related:MONEY BLOCKS: WHAT ARE THEY AND HOW TO REMOVE FAST THE BIGGEST ONE STOPPING YOU TO HAVE EASE WITH MONEY?
Symptoms of an unhelpful money mindset?
There are different ways to identify if you have an unhelpful money mindset or are on your way to aligning your mind with your body and bank account.
Today, you are going to learn the most common symptoms we found with the different clients I’ve worked helping them break out of the financial struggle cycle.
- The constant narrative that you never have enough money
- The continued avoidance of talking about money due to failed past business or personal investments.
- Kicking the possibility out of taking care of your family the way you want to because of money.
- When it comes to pricing and offers, you shine away because it feels uncomfortable.
- You are waiting to have more money to change how you look at money, but the wait has become the last 10 years of your life.
If you are a female entrepreneur, your business growth depends on your mental development with money, you simply cannot afford not to expand your points of view with money.
How does it affect your current results with money?
When a female entrepreneur holds a broken money mindset, her journey in personal finance becomes a bumpy road. She encounters money block after money block that triggers the unhealthy response to deal with money and make money decisions.
When you become a business owner, every belief and idea about money gets more profound in the subconscious mind. You must become more effective in managing your resources while building your brand (There is only one of you).
This plays against the growth of your money mindset as you become more susceptive to automatize what you already “know” about money and focus on what is new to learn, which is “Get clients” and make money.
But, Money Mindset work for female entrepreneurs is about how she shifts and overcomes her own money blocks to allow her business to generate profit free of guilt, shame, unworthiness, and every negative feeling holding her back from fulfilling her life’s vision.
RELATED: 7 MUST-KNOW MONEY MINDSET QUESTIONS FOR FEMALE ENTREPRENEURS
How To Shift Your Money Mindset?
- Set A Reason Why You Want To Have a Money Mindset For Success Now
Each person has their own unique reasons for deciding to leave lack mentality behind. It is as personal as your own story, and it is your job to discover it. This is the basis of everything!
- Paint The Vision First
Challenge your brain to think beyond what is used to. It’s time to think what you want to create with money so that new neuro connections start to form, new perspectives come to the table, and your mindset can shift.
- Learn About Your Money Story
Do you even know what the beliefs, ideas, thoughts, attitudes, and behaviors that you have stored in your subconscious mind are? Rhetorical question, the answer is NO! There is a reason why they live in your subconscious, and they lead the way. It’s time to bring awareness to those stories that are so unique to you so that you can introduce new wealth habits and change your results with money
- Introduce New Habits
You’ll get the same results over and over again if you don’t commit yourself to absorbing and to feed your brain with new information that resonates with the identity you are becoming with money. This is why new habits are introduced monthly through different challenges inside the IMM Community. The patterns that are no longer serving you need to go out.
- Apply what you have learned to unlock the next level
It’s not enough to know all the information you have read today; applying the changes is essential. So Today, commit yourself to change any of the things we gave you today and try it out for a week.
RELATED: Listen to The Happy and Wealthy Podcast Episode #56: 3 Steps to CRUSH the Last Quarter of 2022 here
NEED MORE?
- Join the IGNITE YOUR MONEY MIND SPACE, the ALL in ONE Community Financial Guidance and Money Mindset Expertiset to transform your financial life as a female entrepreneur.
- Listen to The Happy & Wealthy Podcast
- Become aware of your biggest Money Block, Take the Quiz
- Read more money mindset, biz building, and wealth management blog posts
- Come chat with me daily on Instagram, @moneymindsetexpert