How long have you been afraid of the word “money?” I get it, it’s a scary term! First, we have to remember that we are in business to make money! We are not in business for fun or to save other people money. We have to shift that mentality first. Did you know that men are more likely to invest in themselves in larger amounts than women are, money-wise? It’s time to have the money mindset conversation, women. Now it’s important to dive into those reasons women may fear money and how one can overcome those fears! 

Reasons Women Fear Money & How to Change the Money Mindset 

1. You Fear Your Family Will Think Differently of You 

A lot of women fear money because they are afraid of what their families will think of them. Perhaps you desire to make more money, but you are scared of what others will think. Once you stop fearing what other people think of you, you can stop fearing money! 

From a young age, we’ve all been discouraged to talk about money and it’s time to change that! If your family thinks differently of you for making money, then it’s time to have the money, talk with them and help change their mindset! At the end of the day, God has the final say, anyway. 

Deuteronomy 31:7-8 says “Be strong and courageous … The LORD himself goes before you and will be with you; he will never leave you nor forsake you. Do not be afraid; do not be discouraged.” (NIV) Don’t fear that your family will think differently of you, take the time to care only about what God thinks of your heart and your motives. 

2. Everyone Will Start Asking You For Money

This feels like the truth doesn’t it? If people know or even think you have money, then they will start to ask you for it. Understanding the money mindset also comes with having boundaries. Just because you have money or are making money doesn’t put you under any obligation to take care of everyone else. Keep in mind what 2 Corinthians 9:7 says, “Each person should do as he has decided in his heart—not reluctantly or out of compulsion since God loves a cheerful giver.” There has to be a good balance of wanting to help others but not allowing lazy people to take advantage of you. Seek God and ask for wisdom, He will help you on this path. 

Also, to change your mindset, you need to stop thinking of money as intrinsically good or bad, but rather as a tool for living the life you want. If you WANT to help someone that’s different, but don’t fear money because you’re afraid everyone else will want it. 

If you’re struggling with the thought of having “too” much money and others asking for it from you, then dwell on what God says about money. Proverbs 10:4 says, “Idle hands make one poor, but diligent hands bring riches.” Don’t be afraid to share these scriptures with those who are constantly asking you for money. 

3. You Can’t Have Money and Be There for Your Family

A common reason that women fear money is they think that it’s all or nothing. They truly believe that they can’t have money and be there for their family. This is so wrong on so many levels. It’s possible to make money and still be a woman, wife, and mom. Remember the money you make is a tool to help you to get where you want to go. Once you stop assigning a moral value to money, you will release the resistance you have towards generating greater wealth and become closer to achieving your financial goals. Letting go of this fear is so freeing! 

Changing the Money Mindset

I have given you some good tools in this blog post to help you change your money mindset. Once I started digging around and understanding why women fear money, it all started making more sense. Changing the money mindset means women can STOP fearing money and start using it as a tool to their advantage. Stop being vague about your money goals:

Be bold enough to talk about your specific money goals. 

Are you ready to invest in yourself and understand that there doesn’t have to be negative emotions about money? You can leave ALL the shame at the door! I am not an accountant, financial advisor, or anything like that, but I am a business mindset coach that can help you build confidence in having a money conversation with yourself and with your clients. SO sales mindset is my expertise. If you want to ease the fear of rejection when it comes to sales and begging to confidently fight those objections I’d love to help you!