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 and independent professionals.
How can you reach your 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.
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 don’t those fears predate today’s news? Truth be told – even when the economy is flourishing, we are still a debt-ridden nation.
What’s going on?
Your ability to create sufficient money in your life is anchored by your financial attitudes, beliefs, and behaviors—what you believe can be true for your life. When you don’t pay attention to these beliefs and values 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 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
You’ll find this attitude with people no matter what 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.
If any of these attitudes resonate (and the list is endless), you may want to explore them and bring awareness to them to adopt a more empowering and flexible point of view. When you do your dream to create a business that serves your life will be that much closer.
What are your beliefs about money?