Do you know where your money goes every month? Do you act as if you have plenty of money, but inside you’re always worried that you don’t have enough?
Money – the lack of it, the fear of losing it, not having enough, asking for it or perhaps the anxiety of having too much is often at the top of the list of concerns either consciously or unconsciously for most small business owners.
How can you reach your profit goals if unspoken attitudes and ideas about money get in the way of your potential to thrive. We say money talks but few people want to talk about it. Money is secret, both in private and in public. Because we don’t talk about it even with ourselves, we are held back from doing anything about it.
Today’s article looks at some of the beliefs and stories that may be sabotaging you and keeping you from being profitable and having the life you want!
“All money is a matter of belief.”
Is Your Attitude about Money Sabotaging You?
If you find yourself constantly stressed about money, perhaps making poor financial decisions that get you nowhere, you’re not alone.
Money tops the list of concerns of many people these days. That’s because the economy is in bad shape, you may say. But didn’t those fears predate today’s bad news? And even when the economy is flourishing, we are still a debt-ridden nation.
What’s going on?
Our ability to create sufficient money in our lives is anchored by our financial attitudes, beliefs, and behaviors—what you believe can be true for your life. When these beliefs and values remain unexamined, they can get in the way of a sense of wellbeing and security. Here are a few of the more common attitudes that get in people’s way:
I’m Clueless about Money
Doug rarely looks at his Profit and Loss statements or balances his bank statements. He doesn’t know how the money flows through his business and, as a result, finds himself wondering what happened to the revenue he thought he made. People like Doug may believe that they’re not skilled enough to handle their money and have no clue how to use their P&L as a management tool. Doug’s revenue is not the problem but his unwillingness to pay attention to understanding how much it costs him to do business may severely undermine his ability to be profitable.
I Don’t Have Enough Money
Sarah worries often about money. Although her business supports her she often talks about how hard it is to pay the bills. At the root of Sarah’s fear may be a belief that she can’t take care of herself or that the world is a harsh place with scarce resources. People like Sarah sometimes fear that they will lose everything and end up homeless.
I’ll Never Have Enough
Mike also feels that he doesn’t have enough money, but rather than feeling that the world is a harsh place for everyone, he believes it is especially hard for him. Other people will do just fine, but he’ll always be poor. If you try to encourage him, he’ll list the many strikes against him. People like Mike are often blind to the opportunities that are available.
I Don’t Like Money; I Don’t Care about Money
This attitude is held by people at all income levels. It can have its origin in religious beliefs, political beliefs or guilt at inherited privilege. Pam is a child of the 60’s who says she doesn’t really like money. She never allows herself to have what she truly wants and always buys the cheapest version. She’s a landscape designer, but regularly under-bills her clients. A classic under-earner, she sometimes relies on credit cards for basic expenses such as rent.
If any of these attitudes resonate (and the list is endless), you may want to explore them with compassion for yourself and support. As you bring awareness to self-limiting beliefs and adopt a more empowering and flexible stance, you expand into a larger sense of personal freedom. Also, healing our personal relationship with money helps build a solid foundation for weathering economic storms.