Confession time: money and I don’t have the greatest relationship ever. Can anyone else relate? When I was younger, money was plentiful and afforded us the opportunity to take trips as a family and buy things without worrying too much about a budget.
Fast forward to high school and things started to pivot… quickly. Our family business was hurt by the recession and from there things deteriorated until we closed our doors in July 2010. It was at that point that I decided that money was a scarce resource that you have to work really hard to obtain. I created this idea that if I wasn’t working, at all times, I wouldn’t have enough money to live. I also decided that I didn’t like being limited by “not having enough money.” If I wanted the jeans, I’d get them… even if it meant opening a store credit card. You can probably see how this situation unfolds.
When I graduated college, I had $50,000 in student loan debt and about $7,000 in credit card debt. Rockstars, it was not a good situation. Thankfully, Collin had a game plan to pay off the credit card debt and well…. I’m still paying on the loans like a mortgage per month, but I sure wish I had done some money mindset work during college. And maybe also chatted with a financial planner, but all you can do is learn from your mistakes and move forward.
Over the last two months, I’ve been reading Jen Sincero’s You Are a Badass at Making Money and friends, YOU NEED THIS BOOK. She walks through the trials and unhealthy relationships with money that we all experience, but she also gives you action steps at the end of every chapter. That’s the kind of book I want to read, one that tells me how to apply what they are teaching.
In one of the chapters, she asked us to write a letter to money and this might have been one of the most powerful exercises for me. When you are trying to encourage monetary growth within a business whether it be your own or your place of work, it is critical to work from an abundant mindset. You’ve probably heard the concept, “energy attracts energy.” Well, the same goes for money. If you live in the mindset of scarcity and never having enough, you will in fact, never have enough. However, if you start to develop habits that allow money to feel plentiful and abundant in your life, you’ll find that money comes to you more easily. It may sound hokey, but in a month of applying these tactics, I can tell you that it has made a difference for me.
I wanted to share this letter with you because it’s important to understand that for so many of us, money is a sore subject. It’s a source for arguments and it’s a thing we blame for so much of our pain. These beliefs are mindsets that we’ve created from our experiences and guess what? We have the power to shift our money mindsets.
My relationship status with you can best be described as complicated. I suck at you. I can’t seem to save you, I want to spend you, and gosh dang it, I just want to travel. I’ve had to work really freaking hard for you to obtain what I want and still do.
I almost didn’t go to my dream school because there wasn’t enough of you, but screw you because I made that happen. But why can’t I seem to stick to a monthly budget? Oh I know why, I don’t like feeling limited. I want to be able to do what I want, when I want, how I want, and I just don’t want to worry about you. Why do you cause so much worry? And don’t even get me started with how you impact my marriage. Collin doesn’t generally look at our bank account because it usually causes fights. Mostly because I need to work on discipline with you.
But even with all this, I learned that money is available when we ask for it to come into our lives and I guess I just need to get better at this. I know that you provide so many great things like the house I live in, the car I drive, the adventures I’ve had, the clothes I wear, the books I read, the computer I’m currently typing on. So for that, I’m grateful.
Maybe I need to be nicer to you and play on the same team as you. Maybe if I did that, we’d get along better. Maybe there’d be more of you and I’d find you more easily. Maybe, just maybe…
Cheers to you money,
Since writing this letter, I’ve done three things to help me with a positive money mindset:
Practicing gratitude with money. I thank money everyday for the things it affords me. From the computer I’m using right now to the dinner it allows us to enjoy. I live in a constant state of gratitude with money provides something for me.
Forming affirmations around money. Each morning as part of my affirmations, I include specific phrases around money. “I am excellent at budgeting and finances. Money flows easily and freely to me. Money is easy for me to find. I have everything I need right here, right now.”
Developing a monthly budget that allows me to do things that make me happy. Budgets help set boundaries so that we may take cool vacations and so that I can go enjoy my monthly maintenance routine. We actually sat down yesterday and found a way for us to save $1,000 per month and still do things that we want to do and pay our bills. WIN for the Webers!
If you’re working to grow financially, I highly recommend this book. You need to read it AND implement the tactics that Jen provides at the end of each chapter. This will only help you if you’re actually willing to make some changes in your life, admit to your own faults with money, and accept this currency as a plentiful resource that comes to you easily.
Cheers to working through the limiting beliefs that hold us back,