by Justina Ford | May 23, 2022 | BLOG, Money & Sales Mindset |
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!
by Justina Ford | May 16, 2022 | BLOG, Money & Sales Mindset, Uncategorized |
Do you get stressed when you think about the idea of money? Perhaps growing up, your family just didn’t talk about money. Maybe your parents argued about money or you grew up where you felt there was a shortage of resources and money is a sensitive subject. There is no doubt in my mind that there are myths out there about money and we as women in business need to change our mindset about it in order to have successful money conversations in our businesses. Let’s open the conversation about money! I’ll start with breaking down myths the world has created about money. Hang on though because your mindset about money is going to change once you realize these myths are wrong.
Myths About Money & How to Change Your Mindset About It
1. You Shouldn’t Ask How Much a Person Makes
One myth about money that needs to be changed is that it’s taboo to ask how much a person makes. Sometimes asking the hard questions can help YOU understand how a person is making their life work. What if you want to do their line of work? What if you’re about to start a business? If you don’t ask you may never know, which means you may be shifting yourself. Let’s be honest, sometimes you’re just curious about what someone makes and that knowledge means you get to have insight into another industry. Of course there are polite ways to ask, but never hold yourself back from getting the info you need about salary, typical rates, and standard quoting and invoicing for your desired industry. If you do, you’ll stunt yourself financially, out of fear.
2. You Shouldn’t Talk About Your Salary
No one truly knows why the world thinks it is rude to talk about your own personal salary. However, this is a myth that needs to be changed. When talking about money it’s safe to involve talking about our salary. If you landed that perfect job and you’re EXCITED about your new salary, then you should totally share about it and allow those who love you and care about you to celebrate you. If your business has been blessed financially, share that with your audience and give thanks to God publicly.
When you talk about salary your heart has to be in a place of gratitude and honor to God for provision through your work. It also allows other people to know what’s possible. If my first coach didn’t share her monthly income with me, I wouldn’t have known what was possible in the field of coaching. So when God is blessing you financially, speak about it with joy and confidence. Let’s change the “taboo” part of talking about one’s salary. Let’s talk about it and get excited! In the first quarter of this year, we made $21,000 in sales and we give all the praise and honor to God for giving us the wisdom to create wealth!
3. You Shouldn’t Ask About What Someone Paid for an Item.
Sometimes out of curiosity, you may ask someone what they paid for something, for example, their house or home. In today’s society that can come across as taboo? Why? I think the bigger question is heart management, why are you asking? Is it to know what’s possible because you believe the item or home is beautiful and you’re wanting to know what it may take to achieve it? I see nothing wrong. If it’s to shame a person or judge a person then asking what they paid isn’t warranted. I believe that money has all sorts of emotions attached to it: joy, shame, contentment, anxiety, and stress can all be associated with money. This is what makes these types of conversations taboo. However, if we start asking these questions and have an open conversation, then the conversation about money can start changing!
4. Talking About Money is Considered Bragging
This is a big myth! When someone talks about money, then it’s automatically assumed that they are bragging. It’s okay to talk about money, good and bad. So, how does one walk in confidence when it comes to money conversations?
- Acknowledge your fear of judgment
- Know what heart space you’re coming from
- Feel comfortable putting yourself first
Talking about money isn’t considered bragging. Money is a tool to get you to where you need to go. Money has no moral value. It is just something that allows you the resources to provide for your family, live a desired lifestyle, and create influence and impact
How to Change Your Mindset About Money
Now that you’ve been introduced to several myths about money, you may be wondering how to change your mindset about it. Your first step is to stop being vague about your money goals & desires. The truth is that you need to be bold enough to talk and share your specific goals and desires around money, resources, and provision. When we open the conversation and TALK about money, it’s amazing how things start changing! Stop allowing those thoughts in your head about money to get to you. It’s okay to talk about money, it’s okay to make money, and it’s okay to use money as a tool and resource to help you reach the BIG goals that God has placed in your heart.
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!
