If you were to ask a single mom – or dad – of three, struggling to get by, whether or not $1,000 was a lot of money, he or she’d say—”yes, that is what I need to feed my kids.”
If you were to ask a successful lawyer, whether $1,000 was a lot of money, he’d say—”no, that’s what I charge for an hour.”
If you were to ask a Food Truck owner, hungry for the world, whether $1,000 was a lot of money, they’d say—”that’s what credit cards are for.”
If you were to ask any entrepreneur, who eats risk for breakfast, whether $1,000 was a lot of money, they’d say—”depends, how much money will I make in return?”
And what if I were to ask YOU whether $1,000 were a lot of money, you’d say ____?
Cost is in the eye of the beholder. A person’s perception of cost is a person’s reflection of their own money story.
What’s your money story?
Take a look at the effect money has on the way you view yourself. To some degree, our sense of self-worth and security tends to rise and fall with our income, don’t you agree?
AND regardless of how we reason on it intellectually, the truth is, we all have an emotional connection with money because we always feel better when finances are not an issue, right?
My story about money has recently changed. Growing up, I thought that if I hold on to every single penny, I would be okay. Yes, my bills got paid on time. In fact, I always paid off my loans early! My credit score in my early 20’s was almost 800! Sounds great BUT …I was on a “fixed” income – as in no matter HOW HARD I worked or how many hours I put in a day, I was still just over broke.
Why? Because I was clinging onto that money and not letting it flow.
Just a couple years ago – literally, 2 years ago – I learned the practice of letting go. When I was still “broke” I started giving money away. 10% of my earnings went to my church and a $20 bill got slid right in a credit card slot every time I went to fill up my gas tank.
And if felt GOOD. But here’s the best part! I noticed that the money I gave away, kept coming back. This is what I learned: the more I give away, the more comes back.
So! How we are conditioned to think and feel about money reflects how much we are allowing (or not allowing) to flow back to us.
Moral of the story is, the more you hold on to your money story (as in, money is hard to come by) people with the same perception are like magnets and will keep showing up into your life and business.
However, let’s adjust the picture a little, the more you hold on to a NEW money story (as in, money is just an energy, ever flowing, like a boomerang, always returning) people with the same perception are like magnets and will keep showing up into your life and business.
Here are some quick steps to adjust your mindset about money.
1. Dare to operate from abundance instead of scarcity. Become more excited to pay your bills as much as you are excited to getting a paycheck. Don’t believe me? Prove me wrong. Scarcity is mostly a matter of mindset and so is abundance. Human creativity can solve any financial problem and find ways to profit along the way. If you can block out the negative feedback and learn to think and act differently than the struggling masses, you may be astonished at what you can accomplish.
2. Don’t put off enjoying your life and your resources. If you’re putting away and planning for your retirement, you might as well be putting away and planning for your funeral because you won’t know which will come first. Practical spending is valuable and prudent, but you also deserve to enjoy some of the fruits of your labor. When you buy something that helps you feel good, you encourage a positive emotional response to money and feed your abundance mindset. When you feel better about yourself, you naturally tend to be more productive.
3. Money doesn’t solve your problems. It won’t make you feel more meaningful or won’t improve any of your relationships. It’s just a tool. Always remember that money only solves financial problems!
4. Let go of limiting financial beliefs. Money is not the root of all evil, but the love of money is. Become more excited about the bills that come in as much as you love the checks. Have faith in your own ideas and take control of your financial future. Investments are often not as secure as acting on your own productive ideas. If you come up with a sound business idea, create a business plan and act on it promptly. Don’t allow limiting beliefs about your abilities to create income stifle your creativity.
5. Give money away! is a powerful way to attract what you need, and generosity opens the flow of abundance. I’m not saying you should give away your last dollar. But a mindset based on hoarding is a sure way to create scarcity. Remember, there are many ways to give outside the realm of finances. Could you give of your time or experience to help others?
When we have the mindset that money is just a tool, and avoid forming an emotional attachment to it, we are in control. You, on the other hand, are extremely valuable. The more you actively share your unique value with the world, the greater your sense of self-worth and abundance will become.