Best Business Motivational Speakers – What are your Thoughts about Money?
Best Business Motivational Speakers
What are your Thoughts about Money?
If you are like most of us, you have been exposed to negative talk about money since you were a child. You heard things like “money doesn’t grow on trees”, what do you think I am “”Rockerfella”” and many more as listed below. All this negative talk about money has created a resistance within you toward money. It is now time to change your relationship with money and only use positive self-talk about money and mostly train your brain to think only positive thoughts about you and your money.
Get rid of all the thoughts like the ones listed below, when you think about money or your relationship with money.
- “What do you think I am, made of money?”
- “Money doesn’t grow on trees.”
- “Money is the root of all evil.”
- “Filthy rich.”
“To become wealthy, you’ll need to surface, identify, root out, and replace any negative or limiting beliefs you have about money.”
Have any of these negative comments that you have heard throughout your life served you or others. The negative talk around money ends right now; your awareness now empowers you to build a positive and beneficial relationship with money.
Your financial comfort Zone is keeping you from your abundance
Just as a thermostat combined with heating or cooling systems in your home regulates the temperature in your home. Cooling the air down if the temperature goes higher than requested or heating the air up if the temperature goes lower than requested. Your financial thermostat may be keeping you right where your beliefs and attitudes about money direct you. If your beliefs about money are that being rich is bad, but being poor is no fun either, you’ll stay right in the middle of the road. As much as you think you’d like to be financially independent, you’ll continue the behaviors and habits that your financial thermostat is dictating.
Identify Your Financial Comfort Zone
Ignorance is most certainly not bliss and it will never deliver you the financial success that you desire. You need to take a very deep and careful look at your awareness around money. Do you just spend money and act with and around money based on your internal financial programming, thoughts, habits and beliefs?
- What do you know about your current financial situation?
- How much debt do you have?
- How many assets do you own, what is their current value?
- How much do you spend daily, weekly, monthly?
- Do you have a budget?
- Are you avoiding facing up to any truths about money?
Once you become aware of what drives you in relation to your money, you empower yourself to correct any problem areas and adjust your comfort zone in relation to your money.
Try to asses your relationship with money by very bluntly and truthfully answering the questions below:
- What do you find yourself doing if you get a small windfall, like a tax return or sweepstakes? What about when you get a raise at work?
- How do you approach shopping and spending, with what attitude or expectation?
- What are your thoughts (or even fears) around saving, investing, spending, even working?
After answering these questions take time to asses your true relationship with money. Identify those areas that are keeping you away from living in the abundance that is your birth right. Decide how you are going to introduce new habits and beliefs into your life, which will allow you to enjoy abundance and revel in the magic of life.
“One of the first requirements of becoming wealthy is to make a conscious decision to do so.”
Change Your Attitude toward money and you will Shift Your Financial Comfort Zone
The action needed to Change your thoughts, Habits, beliefs and talk around money are no different to changing any other limiting factors, which are holding you from your dreams. Face them head on, accept responsibility for them and be willing to explore them, be open to finding solutions for correcting them and then release them and replace them with an empowering “Money specific affirmation statements”, like the ones listed below:.
- Money comes easy and often, from multiple sources
- I am a money magnet and money works for me.
- Everyone is plotting to only do me good, and they enrich me with abundance
Do a Financial Assessment
The thoughts, habits and beliefs that are keeping you from your financial bliss are now out there for you to modify and change. Now is the time for you to do a complete and honest assessment of your current financial position.
This process is designed to give you an overview of your current financial situation and will get the ball rolling and make you aware of your financial status. These guidelines, listed below, are designed to allow you to assess whether further steps or resources are necessary to fully assess your position.
Become Conscious About Your Money
To fully understand your current financial position you must answer the questions below How much money you’ll need saved up for retirement to maintain your current lifestyle
- What is your net worth, or the difference between your total assets and total liabilities
- How much money do you have in savings
- What are your fixed and variable monthly expenses
- What is the total amount of your debt, you currently hold?
- How much do you pay each year on interest payments?
- Are you adequately insured
- What is your financial plan, how are you going to create financial independence?
- What is your estate plan
Get Your Cash Flow under Control
Unsecured consumer debt and bankruptcies have been at an all-time high in recent years all over the world. Many individuals and families are spending more than they make, and credit is easy to secure. As a result, many are getting further away from wealth and financial independence. What’s worse, much of that money goes towards buying things that we don’t use, that take up space in our homes and garages, and that require time and money to maintain. We often end up paying much more than the initial price of the item because we pay interest on a revolving credit card balance.
If any of this sounds familiar, take some time to assess your spending habits. Is your spending getting you closer to or further away from your financial goals? Do you find yourself buying things that you really don’t need and perhaps can’t afford? If so, take some time to create your plan for eliminating your consumer debt.
Take Responsibility for Your Financial Success
The previous exercise we did around your relationship with money, has given you a basic understanding of your financial position, now I want you to consider how finances fit into your vision for your future. When you visualize your ideal future, what do you envision yourself doing, being and enjoying? Try to assess what you will require financially to live the life you have envisioned in the future..
This is a very important step, for you to live the life of your dreams and bask in the glory of the magic of life. To realise your dreams, you will need to create a very clear picture of what that lifestyle will cost. This will then allow you to develop strategies to get you the dream life you desire.
“Financial independence frees you up to pursue your passions, travel, engage, in philanthropic endeavors – or do whatever you wish.”
Invest for Success
To switch around from having to work for money to a place where money works for you, you will have to make investing a way of life. Your investing must become more important even than paying your debts. Regardless of what you choose to invest in—real estate, bonds, stocks, business ventures, mutual funds, etc.—you’ll need to be committed to those investments for them to be committed to you.
Make more so can invest more
There are really only two ways to end up with more money to invest and ultimately to spend. You can either spend less or earn more. To finally live the life of your dreams you will need to make more money, lots more money.
The key to making more money is creating value. If you’re creating what people want and need, especially something that you are passionate about, the money will follow. And if you can create multiple sources of income, you’re more likely to create financial security while you are building greater income.
Author: Andrew Horton Best business Motivational Speakers