Is Your Money Mindset Sabotaging Your Success?

You have a relationship with money. Everyone does, but not everyone has a healthy relationship with money. Your money relationship is not determined by how much cash you have in your bank account or what your investment portfolio looks like. Your relationship with money is about how you view money and how you use it to improve your life.

So, how do you know if your money relationship is a good one or a bad one? Here are some signs that your money relationship could use some improvement.

Frequent Feelings of Jealousy and Bitterness

You go to the mall and see another customer buying the beautiful dress you wanted.  You feel a pang of disappointment then jealousy. You see your friend taking her kids to Disney World for summer vacation while your family is struggling just to keep food on the table. You feel angry and bitter whenever you think about it.

These feelings are understandable. It’s frustrating to struggle with money when it seems like everyone else has it so good. Acknowledge these feelings when you encounter them but don’t focus on your feelings. Negative feelings hurt you in the long-run and make it harder for you to improve your own money situation because you’re so busy keeping score.

Hoarding What You Do Have

When they hear the word ‘hoarding’, most people think of houses filled to the brim with clutter. But some types of hoarding are less obvious than that. It might be that you’re holding onto a wardrobe full of old clothes because you’re afraid you might need them at some point. It could be that you keep things—even broken things—because you think you’ll find a use for them someday.

This type of hoarding doesn’t interfere with your daily life, but it does affect your relationship with money. You’re subconsciously sending yourself the message that you don’t have enough and you never will. Instead of living in beautiful abundance and trusting that you’ll have enough to meet your needs as they come, you’re closely guarding your things.

Refusing to Invest in Yourself

Often,  small business owners reach a plateau. A plateau is the point where you can go no further in your business or in your life, unless you invest in yourself first. An example of this in your personal life would be losing ninety pounds and having twenty left to lose. You want to lose the final twenty but you’ve plateaued. You’ve reached a point where you can’t go any further on your own.

This type of plateau can occur in your business, too. It might be that you’re a motivational speaker but you’re only getting booked for small events. You want to speak to bigger crowds in larger venues. You could continue to struggle for a few years or you could invest in yourself:

  • Hire a coach to help you grow your speaking business.
  • Book a session with a speaking consultant to ask for advice.

The first step to changing your financial outlook is to acknowledge that you’re not happy where you are. Once you do this, financial doors will begin to open for you and you’ll discover a better, healthier relationship with money.