Unveiling the Psychology of Underearning and Money Mastery

Where You Could Start:?

Money, in its essence, is straightforward and neutral, so it is us with our complex electrical self that gives money currency, you know that transformative dynamic force.?

The journey to financial prosperity often involves overcoming underearning and debt, which are intricately tied to our psychology and behavior.?

?

Understanding Underearning: Underearning isn't solely about lacking financial resources, but it can be like a plant with roots delving and spreading into the depths of everything you stand for. ?

Consider your last shopping spree, where tempting offers like:?

“Buy one get one free”?

“Buy one get one half price”?

“Buy two for three”?

lured you in. ?

Did you buy it out of necessity? Not really.?

?

The pandemic has reshaped our perception of needs, and still we often succumb to the shop's persuasive tactics.?

?

Real Cost of Impulse Spending:

Did you need all three of those yumnuts. Yes, phenomenal, junk taste, I know, I know.

Sugar-coated deals might seem tempting, but what's the real cost? Those extra calories, a new dental filling, and the extra pounds on the scale may cost you more than you think. ￡3 here, ￡1 there, 50p over there somewhere or more. ?

These small expenditures can contribute to underearning, causing you to spend beyond your means.?

?

The Psychology of Underearning: Underearning is not just about money; it's about the attitudes and beliefs surrounding it. Let's explore some psychological aspects of underearning:?

• Self-Worth and Self-Esteem: Underearning can stem from low self-esteem and self-worth. Many talented individuals settle for less when the capabilities are there; doubting their abilities and undervaluing their expertise. ?

?

For instance, Sarah, a skilled artist and coach, consistently undercharges due to self-doubt and a fear of rejection. Further this could stem?from something as simple as a lack of encouragement in her formative years from those who matter most.

However it is important to charge based on a mix of your basic needs, your personal vision as well as things that keep you well. Sounds crazy but even crazier this can change.?

Ultimately you are the money and your health is what makes your wealth.

Empowerment Through Savings and Investments: Saving isn't merely for a rainy day or to make you better than anybody else,?it's about financial discipline, a good practice from holding back on spending, all the frickin’ time. ?

Savings can be your ticket to financial freedom, ensuring you can afford what truly matters. By understanding your spending patterns and aligning them with your values, you gain control over your financial future.?

Further saving is not about holding on for the sake of it either. Equally it is easy to spend in dribs and drabs on things you really do not require now.?

The paradoxes, we get to spend, need to spend, can spend and want to spend.

Developing Saving Habits

A way to make sure that you are saving what you can, not what you think you can or what others think you should, which technically is spending, is to figure out what you spend per month on your basics.?

At least that gives you a basic idea of what you need to earn and whether you earn enough.?

In Andrew Craigs book How to Own The World, the suggestion for spending on your house note is a third of your income.?

?

?

Unlocking the Secrets of Financial Mastery: Spending wisely doesn't mean sacrificing joy or safety. It's about aligning your expenses with what truly matters.

Fear often masquerades as "False Evidence Appearing Real," leading us to make unwise financial decisions. ?

For example, the fear of a new job isn't rooted in work itself but in the fear of the unknown. ?

Approximately a decade or more ago I would have had the mind to believe that these fearful feelings were telling me the whole picture, which is – do not take the job. ?

And I say no to better the devil you know for the sake of comfort. It is way too easy, as we avoid pain to stay comfortable to the point of despair at times.?

Breaking Free from Underearning: Underearning isn't an unchangeable condition. It's recognizing your worth and having the tools to reshape your financial narrative. Whether you're actively underearning or passively accepting it, there's room for change.?

The Path to Wealth: Wealth isn't defined by external measures but by personal goals and financial preparedness. One crucial rule of personal wealth is having a substantial reserve or savings pot, a financial safety net. ?

Now let us get clear on your worth. Charge prices or ask for a raise or job income based on a sustainable lifestyle. Not following the neighbours and peers or family members is what sustainable is all about. You are already made, so seek what that is for you!?

If you do not like thinking about money, then this is for you.?

?

The Transformational Journey: My own path involved embracing change. The last forty months - likened by a dear friend to someone called Jesus, who was in the wilderness forty days and forty nights – has been humbling. ?

I have been actively raising my game in peace and harmony. Figuring me out so I can embrace my next moves with grace and ease. The last forty months (about 3 and a half years) has been a refreshing restart.

Nothing was lost, all ventured, lots gained.?

It has been a forty month financial wilderness. Peaks and troughs. A humbling journey of self-discovery, one that I continue to navigate with grace and ease.

I've learned that savings, no matter how modest, can provide hope, ease, and faith. Seeing your spending through emotions plus the object or product bought can guide you to a wealth of information about yourself.?

Spending Mastery - A Slow-Grind that is better Than Microwave

I always write down what I spend daily, weekly and monthly. This guides mini and longer-term spending and earning plans.?

Whether you create debt through underearning, a spending plan gives you the clarity to see yourself in numbers. This is a way forward to gain a deeper understanding of you and choosing you for better or worse.?

There is so much thinking in the engine room of your deeper inner parts that contribute to your spending.?

The formula below is exactly what is explained beneath it and this formula is exactly how some people feel about savings, investing and having excess or extra money. Do not despair, beneath the formula is an easier explanation.

?

?

The Power of Compounding: Compounding (No that is not a sex word) ??

The?Jamaican saying Every Mickle Mek a Muckle,?suggests the importance of saving even if you start with ￡1. ?

Even starting with a small sum, like ￡1, can lead to financial growth through compound interest. This concept may sound complicated, but it's simply money making more money over time. ?

Imagine your ￡1,000 growing to ￡1,157.63 over three years with the power of compounding.?

The image above is the formula and appears exactly how people feel about their money and investing money. It can be all so simple. Read below, the explanation of the complex looking formula.

Basic Investment Principles:

• Imagine you have ￡1,000 that you put into a savings account with an annual interest rate of 5%. The bank compounds interest once a year. After the first year, you earn 5% interest on your initial ￡1,000, which is ￡50. So, at the end of the first year, you have ￡1,000 + ￡50 = ￡1,050 in your account.?
• Now, in the second year, you don't just earn interest on your initial ￡1,000; you earn it on the new total, which is ￡1,050. So, you get 5% of ￡1,050, which is ￡52.50. After the second year, your total is ￡1,050 + ￡52.50 = ￡1,102.50.?
• This process continues each year, and the interest is calculated on the new, higher total. So, after three years, you'd have even more money because you're earning interest on your interest from the previous years. Compound interest makes your money grow faster over time.?

Compound interest helps your savings grow as you earn interest not only on your initial sum but also on the interest it accumulates.?

? ?

Leave this in the bank and it becomes compounded. May not seem a lot but you did not sweat for ￡157.63?

?

Yes, this explanation of your money, making money through interest made on interest may feel sexual?

?

Financial Freedom Through Investment: I've chosen to invest in Hargreaves and Lansdown Stocks and Shares I.S.A. This commitment, starting with just ￡25, has led to a sober mind with regards to my goal of financial freedom. I've witnessed the magic of compounding interest as I've worked towards money sobriety.?

It's Never Too Late to Secure Your Future: Don't let age or circumstances discourage you from saving and setting financial goals. Regardless of your situation, financial responsibility can bring confidence and peace.

Embrace the idea that age shouldn't hinder your pursuit of financial stability. Get the values right. Know what you spend per month on absolutely everything, do not leave out any secretive spending.?

Hashtag just saying, it is NEVER too late to save, to make financial goals. For example, you may be a renter in her 70s, you have not failed because you did not buy your property.?

It is a responsibility. However, getting your money right can be the difference between worrying yourself to sleep every night and having a confident air about you with your money no matter what age or circumstances you find yourself in.?

?

Lastly: The journey to financial empowerment involves understanding the psychology of money, breaking free from underearning, and harnessing the power of savings and investments.

It's about rewriting your financial story, one step at a time. When you can let go of financial worries and realize your potential as a savvy spender, you unlock the door to a brighter financial future.?

The above?provides a glimpse into the transformative journey towards financial success. If you're ready to learn more and take charge of your financial destiny, I invite you to explore the wealth of knowledge and personalized guidance available through Draw in Your Bliss.

Draw in Your Bliss caters to your personal needs, money story and wherever you perceive you want to go, from wherever you are at.?

?

Draw in Your Bliss is a Headquarter space for you to tussle and wrestle with any known behaviour, to discover your unknown. You get to use your creativity to seek out your passions, without neglecting what is important to you.?

There is peace, harmony and a smile to be had daily, when you can let go of outcomes around money and realise your potential by being a better spender.?

Go on...

Embrace You Play More!

Peace and angel hugs!

Jo x

?

P.S.

Hi, I am Jo your Creative Doulah: Unleashing Women’s Creative Power for Life Transformation. I help women use their creativity to manage and stop underearning and debt to pursue harmony with their family commitments and passions.

You are ready to let go of being in the hole with your money and money story. No more earning less than you need and money merry-go-round. If you want that and more, using your creativity please, look no further.

We roll into September. I love september. That's my birth month and to me it still has the beautiful in-between, summer-ish autumn-ish and your opportunity for?the Draw in Your Bliss? September offer, one module, one hour as an intro to working with me for ￡107 with a spiritual reading included.

In fact this summer is sticking for a while...enjoy!

This is a creative approach to healing your finances, money story and mindset for your life and beyond.

Draw in Your Bliss combines your creativity and proven spiritual tools to dig deeper for the results you are looking for specifically with your life vision through the lens of creativity and money stories, without sacrificing your sanity, loved ones or your job.

As your Creative Doulah, my mission is to provide?personal coaching?and unwavering guidance to women so you embrace your creativity and seek a deeper understanding of yourself and your passions, including making money, retaining money and multiplying money.

Picture me as your booster seat, elevating your clarity of thought and empowering you to take purposeful actions that lead to tangible results.

I specialize in helping women transform their lives, particularly in matters of money, mindset, and harnessing creativity as a tool for healing and growth. Whether it’s breaking free from debt’s grasp or rising above underearning or both, I’m here to lead you through this journey of transformation.

Together, we’ll explore the unique intersection of your creativity and life goals, unlocking the hidden potential within you. With my support, you’ll unleash the power of creativity to craft a life that aligns with your aspirations and dreams. Let’s embark on this transformative path and make your shizzle happen!

P.P.S

Check the links for coaching, social media, art and Angels Must Create Oracle: Angel Play Cards!

@angelsmustcreate?

@angel_play_cards?

Angels Must Create Art Shop