How Your Money Mindset Influences Your Overall Wellbeing
As a female entrepreneur, you wear multiple hats, juggling the demands of work, family, and life. In the midst of these responsibilities, one aspect that can significantly impact your success is your money mindset.
How you view and approach money can greatly influence your financial decisions, business strategies, and overall well-being.
As entrepreneurs, it's crucial to recognize that our money mindset goes beyond just managing finances; it encompasses your beliefs, attitudes, and emotions towards money. Your money mindset can shape your thoughts about wealth, abundance, success, and self-worth. It can either propel you forward or hold you back from achieving your financial goals. Cultivating a positive and empowered money mindset is essential for women who are striving to create a fulfilling and prosperous business while also living a fulfilled life.
One powerful framework that can help shape your money mindset is the "Avoid or Approach" concept introduced by renowned high-performance coach, Brendon Burchard.
I was excited to attend Brendon’s Growth Day conference some time ago–according to Brendon, one powerful framework for mental strength is to think about whether you are avoiding a problem or approaching it? In the context of money, avoiders tend to shy away from dealing with financial matters – in the extreme, imagine someone who lets their bills pile up. They may feel uncomfortable or even fearful when it comes to money, and this avoidance mindset can limit their financial success.
On the other hand, those who approach money take charge of their financial situation – they move toward it. They view money as a tool that can be leveraged to create opportunities, make a positive impact, and achieve their goals. They are willing to learn about money, take calculated risks, and make strategic financial decisions. They have a proactive mindset and are willing to address any challenges or problems related to money head-on. In my entrepreneurial and spiritual journey, I have realized money is a form of energy exchange. If you can get into the flow, it works for you and can be a powerful measure of how you’re doing.
Vixens, it's crucial to recognize if you fall into the "avoid" or "approach" mindset when it comes to money. Reflect on your beliefs and attitudes towards money. Do you find yourself avoiding financial matters or feeling anxious about money-related decisions? Or are you proactive and intentional in managing your finances, seeking opportunities to grow your wealth? Identifying your money mindset is the first step towards nurturing a positive and empowered relationship with money.
One key aspect of cultivating a powerful money mindset is taking the bull by the horns and acknowledging that there may be challenges or problems related to money that need to be addressed.
It's essential to be proactive and not shy away from financial issues. Instead of seeing money challenges as obstacles, view them as opportunities for growth and learning. Shift your mindset from a problem-focused approach to a solution-oriented mindset.
Embrace the belief that everything is just a problem that needs to be solved. When you encounter financial challenges in your business or personal life, approach them with a proactive and strategic mindset. Break them down into smaller, manageable steps, and take action to find solutions. Seek advice from financial experts, mentors, or peers who can offer insights and guidance. Remember, every challenge you overcome in your financial journey strengthens your money mindset and builds your financial resilience as a badass businesswoman!.
In addition to the practical aspects of managing money, a spiritually-centered approach to money mindset can also play a vital role in empowering us to make financial choices that align with who we are.
For many female entrepreneurs, their business is not just a source of income, but also a manifestation of their passion, purpose, and values. Therefore, integrating spiritual principles into your money mindset can provide a deeper sense of meaning and fulfillment in your financial journey.
A spiritually-centered money mindset involves aligning your financial practices with your spiritual beliefs and values. It's about viewing money as a tool for creating positive change and making a meaningful impact in the world. This can involve practices such as mindful spending, conscious investing, and practicing gratitude for the abundance that money can bring into your life.
Practicing mindful spending means being intentional and mindful about where and how you allocate your financial resources. It involves being aware of your spending habits, making conscious choices about what you spend your money on, and ensuring that your spending aligns with your values and priorities. Mindful spending also might mean being mindful of unnecessary expenses and finding ways to cut back on frivolous spending, so you can allocate your money towards things that truly matter to you and your business. But, beware of falling into money scarcity. Sometimes, if you want to buy the shoes, buy the shoes! ;)
Practicing gratitude is another essential aspect of a spiritually-centered money mindset. When you cultivate a mindset of gratitude towards money, you shift your focus from scarcity to abundance, and you develop a positive and empowering relationship with money. You can practice gratitude by regularly expressing appreciation for the money you have, being thankful for the opportunities that money has brought into your life, and using money in ways that align with your values and bring joy and fulfillment.
It's also important to note that a spiritually-centered money mindset involves letting go of any negative beliefs or emotions that you may hold about money. Many people have limiting beliefs about money, such as "money is evil" or "money is hard to come by." These beliefs can create subconscious blocks and barriers that hinder your ability to create a healthy relationship with money and achieve financial success. It's essential to identify and release these limiting beliefs through practices such as journaling, meditation, or working with a coach or therapist who can help you shift your mindset and develop a more empowering perspective towards money.
How are you elevating your mindset to set the right goals in 2024? Looking to get the right resources, tips, and help you need to stay on the path? Sign up for the Vixen newsletter!