When it comes to being an entrepreneur, no matter what industry you may be focused in, can either be the shackle or the springboard for your success. I’ve witnessed firsthand how our negative or positive relationship with money played a huge role in the business we create. Through the interviews I have conducted while hosting The #SpeakEasy Podcast, I have had the opportunity to speak to entrepreneurs from across the globe. One thing that connects us is the connection between success and our relationship with money. (Checkout a recent episode by going to http://www.iamunmuted.com/the-speakeasy-podcast)
Some dominant thoughts when it comes to money have roots in our environment and upbringing. This is the silver lining to how we feel about money. When we shift our environment and shine a light on the lessons we made into law we can change our relationship with money.
Have you found yourself ever struggling with one of the following things?
1. Don’t want to charge
2. Pricing according to competitors not according to expertise
3. Poverty mindset
4. Gifting your services to attain validation
5. Shy away from money conversations
The belief that all I have is all I will ever have. It tends to lead to two extremes which is very low self control or hoarding. Even though this is something that many entrepreneurs have experienced, it is not a topic that is discussed often.
So, how do you cultivate a better relationship with money?
First, determine where you are financially. What are your current money habits and mine beliefs. What kind of debt do you currently have. Do you have more assets or liabilities?
These are just a few questions to check the temperature of where you currently are financially.
Second, begin the cleanup process. Take time to pay off old debts, increase your credit score, and start building an emergency fund. Now, while that may sound easy, it’s not. Having someone to keep you accountable is valuable during this process. There are
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Things like monitoring your spending habits is a great way to check your relationship with money as well. Do you spend a lot of fast food or coffee? That may be the area where you have to make a sacrifice in order to build an emergency fund.
The most valuable thing to understand is that no matter what your relationship may be with money up until now, you can create better habits starting today. It is just a matter of you making the decision to shift and having the accountability to help you change. It may take more than a week or a mont but you can make it happen.
Have you found any money habits that work really well for you? I would love for you share them in the comments below.
With over ten years of writing, Altovise uses her platforms to create opportunities for women to have their voices heard. Founder of the World Voice League, she educates and empowers through courses, a weekly accountability call, blogging, books, and the #SpeakEasy Podcast.