How to Have & Maintain A Healthy Relationship with Money

Are you self-sabotaging the money you’re making by spending it all right after you make it? I’ve been there and I’m here to share the key topics to master your money mindset. 10 years ago, I was making $30k per year and this year, my team and I hit the 2 million dollar mark in my company by implementing these few tasks I’m going to share today.

Money doesn’t come easily to everyone; whether it be a struggle on obtaining it or a struggle on maintaining it, it’s not an easy subject to cover. I truly believe that the massive increase that I’ve had in income and getting out of debt (and staying out of debt) is because of my MONEY MINDSET. I realized very early on that I was self-sabotaging all of my hardwork and the money that came with it because I wasn’t comfortable with making as much money as I was. The uneasiness of money was deeply rooted in my low-income household as a child. These thoughts of, “Money is bad,” “I’m not good enough,” impacted my ability to make and keep money. When I really dug deep into where these issues stemmed from, I hired a money mindset coach and I got serious about the foundational work of how I made my money.

Before I share these couple of tips on mastering your money mindset, remember that not everyone has the same struggles with money. It’s not a one-size-fits-all deal, but these steps can help guide you to the right place. First, you’re going to want to reflect on your current money mindset. If you make the money like I did, and you have a sabotaging relationship with money, you won’t keep it for very long. To dive deeper into your relationship with money, get a journal and write down any beliefs that you have around money. Challenge yourself to think about how others handle it, what you see people doing well, what you see people doing poorly, and how you will react with a large sum of money. As entrepreneurs, sometimes we have large leaps in our business that brings us more money than expected and we aren’t ready for that growth. Ask yourself if you’re ready to take the next step in your business that can unexpectedly bring you lots of money: what do you need to develop, embrace, and learn to take that next step? If you’re not confident, you are going to self-sabotage.

Next, think about your long-term plan/path to get to your income goals. You need to know how much money you need to reach your goals. For example, maybe you want to retire your spouse and they bring in $4,000 a month. This means you have to make at least $4,000 every month from one stream of revenue. If you’re not in the right place to do that at the moment, get the courage to go and find the right place whether it be a new network marketing company, a new job, a different industry, or leveling up your coaching business. You’re never always going to be ready, so to set yourself up for success, follow these few tips and get on the right track.

Your homework is to look at your current relationship/mindset with money and then work on the path to making the money to achieve your goals. Ask yourself if how you’re making money online right now is a model that is working for you, if it’s not…switch it up! And don’t self-sabotage!

Watch my latest #getLIT training to hear how I went from $30k a year to a multiple 7 figure earner!