MONEY MIND$ET:Uncovering and Eliminating the Blocks to

Making and Keeping More Money

Lisa SmithMindset & Marketing Coach

www.mmmcoach.com

Life by Design, LLC

MONEY MIND$ET:Change Your Mind to Change Your Bank Account

 

WHAT money REALLY is (this may surprise you)

The DIFFERENCE between how MEN and WOMEN think about money

WHY you are having problems with money (it doesn’t have to do with your job, the economy, or anyone else)

The FIRST THING you MUST work on to CHANGE your relationship with and experience around money (if you don’t work on this, you will CONTINUE to have money struggles)

What Money REALLY Is (this may surprise you)

$ A medium of exchange that facilitates trade (dict.)

$tatus indicator Illusion—made up and

generally accepted$ocial/hierarchical

divider

$ymbol

Energy (currency)

~ needs 2-way flow

$ ≠ Wealth – cannot make self richer by printing more money

$ A representation of value/worth

$ A way to make “perceived value” tangible & interchangeable

A means to get what you want

Idea of “security”

Money is Energy – we trade our life energy for this representation of its worth

Money is a representation of value/worth^

our

Self Worth Net Worth

Low self worth =low income/low bank account

OR Low self worth =overcompensation w/

money, NEED for status boost with lots of $$

The DIFFERENCE between how MEN and WOMEN think about money

According to a combined survey done by Ask Men and Cosmopolitan:

45% of men have a plan for retirement and either are currently saving or will start saving for retirement soon."

Men – traditional/cultural role of earner/provider bring home the bacon taught about money/encouraged to learn about it; acceptable to discuss

Women – traditional/cultural role of caregiver, facilitator fry it up in a pan not taught about money/encouraged to learn about it; discouraged from discussing

STATUS

SECURITY

Only 21% of women have any plan, and 45% of women surveyed said they “have not even thought about retirement."

Money Relationship AssessmentRate the following issues in regard to how you are with money0 = Never 1 = Sometimes 2 = Frequently 3 = Most Always Employees Sales/Biz Owners

____ You worry about money or tell others you don’t have enough money

____ You and your significant other argue a lot about money

____ There are things you really need to replace (car, appliances, home repairs, clothes) but can’t seem to find the money to do it, so you tolerate them or keep “mending” them over and over

____ You have an “income ceiling” you can’t seem to get past

____ You have a hard time saving money. It always seem to “slip through my fingers”

____ You are too embarrassed or overwhelmed about your money situation to even talk with someone about helping you change it

____ You have a hard time asking for a raise/negotiating salary____ You stay in a job you don’t like because you’re afraid you can’t make enough doing what you love____ You live paycheck to paycheck (and are even “short” at the end of the month)

____ You have a hard time asking your customers for money/to pay you for your services

____ You attract people to your business who say they want to buy from you but “don’t have the money”

____ You feel like you need to raise your rates/upsell your products but you’re afraid if you do, people won’t buy from you or think you’re pushy/greedy

____ You’re hoping you can just win the lottery/get an inheritance/find a man to take care of you so you don’t have to worry about money anymore

Money Relationship Assessment Score

0-10 You have a very healthy relationship with money. You likely have no or few issues with money. Congratulations. Now make sure to protect it so it can always stay that way.

11-20 You’re not doing too bad with your money relationship. There may be occasional “spats,” but they usually don’t last long and you are adept at working them out. Or there may be just a few areas that are more troublesome to you. There is room for growth for a more satisfying relationship.

21-30 Money is not your “honey.” Your relationship with money is in the dumps or like a roller coaster with highs and lows. It feels unpredictable to you or a constant focus and sense of worry/fear. It’s likely been a pattern with you for some time. It’s time to establish a healthy relationship. 

WHY you are having problems with money (hint: it doesn’t have to do with your job,

the economy, or anyone else)

1. Lack of knowledge/training/planning

2. Your Money Setpoints (what is acceptable to spend on various things)

4. Limiting Money Beliefs (review assessment)

5. In business – how you buy how you sell

3. Your Money Thermostat (what acceptable to earn/have)

WHAT you MUST work on to CHANGE your relationship with and experience around Money

#1 THING to work on (if you don’t work on this, you will CONTINUE to have money struggles)

Your unconscious programming

Limiting Money Beliefs

• General (e.g., money is hard to come by, rich people are greedy)• Specific

Your Money Thermostat (what “acceptable” to earn) Your sense of self-worth/value Your Money Setpoints (what “acceptable” to spend on

various things; often related to self-value)

#2--Lack of knowledge/training/planning

Financial Coach, Mary Fisher/5 Rings Financial

OR

WHAT you MUST work on to CHANGE your relationship with and experience around Money