My friend Money – a new perspective
Last week my friend Money did me a big time favour. She paid my taxes for me. :)
To improve my relationship with money, I’ve been trying out a new perspective. I learned it from Happy Money Mentor, Ken Honda. He suggests thinking of my money as a person – a friend who I can trust and have fun with, but who I also need to respect and take care of. Now, every time money comes to me, I greet her with “Hey Money it’s nice to see you!” Every time I spend money, I say, “Thanks Money. I appreciate you taking care of the bill.” Our friendship is flourishing.
The below tip reveals hidden money blockers could help you become better friends with Money. I hope you find it useful.
4 money blockers that keep us broke.
We’ve all grown up with beliefs about money, and if we haven’t yet extracted them from our subconscious, those beliefs may be holding us back. Beliefs are often blind-spots that cause us to unconsciously act in certain ways. If we look at our net worth, we’ll see the sum result of our money beliefs. Here are some common stories that you may be telling yourself:
1. “Money doesn’t grow on trees.” Of course it doesn’t, but by focusing on a lack of money, we’ll get more of the same. Even a simple phrase such as, “I can’t afford that,” puts us into a scarcity mindset, which effects our decisions. Try substituting the affordability phrase with: “I’d rather spend my money on _____, so that I can feel _____.”
2. “Money is the root of all evil.” Money is a tool. Greed and self-serving power is evil. On the flip side, money can help us be generous and nurture ourselves and others. If we say things like, “It’s not about the money,” it’s likely that we relate to money negatively and avoid it. Instead, focus on the good that money can do.
3. “I have to work harder to earn more.” Wealth is not directly proportional to effort. Yes, some effort is needed to produce money; we can’t manifest it without action. However, the popular hustle and grind mentality best serves business owners telling their employees how to perform like robots. Plus, when money is hard earned, we tend to keep a tight grip on it. We can’t profit from our money if we are not willing to let it flow.
4. “I’m not good with money.” If we believe that managing money is complicated, then we are likely to over complicate our process. Maybe we have too many accounts, or a tricky budget, or rely on someone else to take care of it for us. However, just like we can learn any new skill, we can learn to be good with money.
Take action: Acknowledge and accept that you have beliefs that hold you back. Get curious about what’s not working for you and replace the old thoughts with new stories, such as “I am a money magnet.”
Inspired by Amy Porterfield’s podcast, #181: Eliminating Money Blocks with James Wedmore.