Money, Money, Money!
As the super infectious super Swedish pop group that is Abba sang, “Money, Money, Money”,
“I work all night, I work all day to pay the bills I have to pay. Ain’t it sad? And still there never seems to be a single penny left for me. That’s too bad.”
We need to create a more positive money mindset to enable success in our career and in our lives. You should not have a bad relationship with money and nor should it feel like it’s an albatross around your neck. You need to cultivate a more positive money mindset. Not just hope, wish or dream that someone will be your saviour or you will be gifted a windfall that would solve all your money problems. Today’s blog is going to be about creating a positive money mindset.
No-one has more to gain than you if you feel confident with earning, managing and spending your money. If you think of yourself as CEO of “Yourself Limited”, you want to be having a healthy bottom line and seeking to resolve any problems that prevent that from being the case. So you might ask, what does she know about my relationship with money, the environment I was raised in and my parent’s money mindset, or the salary structure of my current career path? The answer is absolutely nothing at all!
Here’s what I do know. I do know that if you have a negative relationship with money, you are going to hold yourself back and not be able to receive the salary that you are worth, or have the confidence to go for that promotion or to put your head above the parapet and realise you have a spending addiction on clothes, shoes, wine, watches, holidays or whatever is that thing that you just casually spend your money on without a thought or care in the world!
My own personal journey towards having a positive money mindset is still in progress. Having had 3 failed businesses, spent a fair bit on them and not gained a significant amount I do wonder when I am ever going to run a business that will just break even! Despite all of this I am starting on my own personal journey to a more positive money mindset. I am starting to find the support that I need to do this. The thing I will say about money mindset, it is not easy and really tackling it could lead you to some pain before there is joy. So know this, nothing great ever came from your comfort zone!
So today I am going to give you 4 tips on creating a positive money mindset for your life and your career.
1 Start with a money goal and make an action plan
Everyone wants to earn more money! However as the old saying goes, “money doesn’t grow on trees!” You have got to work for it. So note down your current salary. Write down your desired salary and make a step by step plan to get there. You may find it helpful to refer to the performance review blog.
2 Tackle your debts
Money is emotional. I get it! However you have to take a good look at yourself and acknowledge if you have bad spending habits, or are in debt due to whatever circumstance. If this is the case you have to get professional help to manage and clear your debts. You must do this as a matter of urgency. I would highly recommend going to the Money Advice Service’s Website in the UK or in the USA US Dealing with Debt.
3 Managing your mental health
Managing your money is stressful and can contribute to mental health issues. If you’ve got money on your mind and you need support, please reach out Mind Mental Health Charity in the UK and in the USA Mental Health America non-profit.
4 Give your money and your time generously
Give your money and time to causes you feel passionately about. Create a legacy that impacts you, your family, associates and the planet! Whatever our financial status we all have time, so give your time and make a difference in your community.
Ekua Cant, Coach & Mentor at Be your No. 1 Cheerleader
Check out the new website: https://www.beyournumberonecheerleader.com/