Monday, August 12, 2013

The Evolution of Money Mindset

The End of The Money Trap
by Renee Canali





Pennies, pennies

in a little pig.

Collect enough pennies

and you can live BIG.

 

Working, Working-

Money for my time.

Out of every dollar

it seems I keep a dime.

 

Struggle, struggle

to bring more money in.

The hours are getting longer

and my patience wearing thin.

 

Abundance, abundance-

Responsibility is mine to take.

Receive money for the value

Of the impact I can make.

 

Perception, perception

of what I believe is true,

changes by taking action

in what I think, say and do.

Thursday, August 8, 2013

How Does Money Hold You Hostage?


Think •  Value •  Desire  • Risk • Responsibility • Focus • Cause • Effect • Action  
 

In order to succeed, your desire for success must be greater than your fear of failure. Bill Cosby 

 
It's August! At the end of July we celebrated my son's last birthday of his second decade.


I recall many challenges of raising kids. I also remember that as my kids grew, so did I. July gave me plenty of growth opportunities!
 

For instance, did you get an email from me with just a header and a footer? Maybe you received 2 of the same emails. OR, maybe your email is still trying to find its way to you. My email service and my website service have been plagued with technical oddities- please join me in a hardy laugh! I look forward to each morning when I can discover the newest of technology glitches and what effect it can have without anyone noticing!  

 
Now, as an entrepreneur and business owner, I face challenges in running a business and this month has really been filled with challenges. Entrepreneurial minded women face many challenges; that is part of creating success.

 
However, it is very debilitating when the decisions you make about your business endeavors and your personal enjoyment revolve around money. Making decisions based on the cost of an item, activity or service is disempowering.
 

When your day is filled with decisions made from a disempowering place, the amount of confusion and frustration you encounter increases. And you know how much of a struggle it is to move forward without clarity and focus when you are under this type of stress.

 
It is critical for you to operate from a place of clear and focused action. You must know what you want in order to claim what you most desire. Instead of making decisions based in fear about what might happen, successful individuals make decisions from the perspective of what value will be added by choosing one option over another.


Focusing on taking the right action is easier when you operate from this place of power.

 
There are 4 lessons below that illustrate how to use your Money Mindset Assessment score as a guide to a richer, more desire-centric life.
* If you haven't taken the Money Mindset Assessment, you can find it here:
 
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  Money Lessons For A Desire-Centric Life

The Money Mindset Assessment gives you a picture of the beliefs you have about money and the effects of Money in your life.

Lesson1 Lower scores only indicate the beliefs you have which can be modified for a more powerful mastery of money. Lower scores indicate that money is more in control of your results than you are.

You may be operating from a false sense of security by making decisions based on how much something costs PRIOR TO determining the worth– or value – that expense would add to your life.

At about 12 or thirteen I was curious about why my mom, a widow with 5 kids at home and living on survivor’s benefits, would not use coupons at the grocery store. I spent time cutting coupons out of Reader’s Digest and organizing them by what I wanted her to buy. She never used them.

I asked her why she wouldn’t use them and she said she believed it was a sign of dependence. Now, as a Miracle of Money Coach trained by David Neagle, I understand that using coupons and buying solely based on a discount enslaves you. I’ll tell you how in a minute.  

Lesson 2 Lower scores also indicate how you may view risk and how willing you are to take risks. Not all risks are the same. People with higher assessment scores are more apt to take calculated risks.
 
Calculated risks are those decisions which are made once you estimate the probability of failure versus the expected reward. In other words, understanding the value added opposed to the risk of not achieving a desirable result.

If you needed surgery in order to save your life, you would do almost anything to pay for the surgery. You would take risks that were uncomfortable in hopes that the outcome would allow you more life. But would you spend money on a housekeeper if it would allow you to have more time to spend with a dying family member?  

There is no right or wrong answer here. The reasoning-or thinking-behind the answer is what is important.

 Lesson 3 Median scores (between 16-24) reflect your awareness is increasing. You notice in some areas of your life that you are clearer about which actions and behaviors result in positive and successful experiences.

This indicates those areas where you accept more responsibility for the results. Better and more consistent results indicate where in your life you accept more responsibility.   

When the results you are getting are in opposition to your desires, you get clues that your thinking is out of alignment with your desires. These clues can be as subtle as minor illnesses and unexpected bills or as apparent as leaking plumbing and job loss.   

Developing mastery in your money mindset requires awareness of how you make decisions. This requires guidance and support.

Lesson 4  Higher scores indicate that a different way of thinking is evolving.

This different way of thinking is the difference between living a life centered around lack, not enough and settling for what you believe you can have AND a desire-centric life of fearless action, personal empowerment and responsibility for your results.

When you are in alignment with your desires you operate from a place of confidence, power and fearlessness. You will experience hesitation at times; and you move through it using universal principles. You know that if you want a different effect, you must cause that effect or result.
 
This is how my mother focused her energy. Having lived with lack and dependence most of her life, she determined she was the only one who could get herself out. In order to move forward, she had to claim independence.


You learn to be decisive. Confusion, indecision and frustration are indicators that you may have conflicting beliefs and therefore are not truly making a decision.

If you are ready to begin making decisions that support your desires, Master Your Money Monsters   is a great way to start. Experience what true freedom is- the ability to control your results and master your mindset.
 
How you make decisions about money is a reflection of how you approach every area of your life.

If you want to live a more balanced life and leave confusion and frustration behind, click here for details.