Mothers, Money and Mindset

A discussion about the economic plight of women is appropriate right now. Moms around the world are looking for ways to take better care of their families financially, whether they’re single or married. And we certainly know now that safety cannot be achieved by working for others.

We grew up in households that preached, “Go to school…do a good job.” But now that the economy (the job market, credit availability, and pricing) has changed right before our eyes, we must recognize that now is the time to improve our financial lives. A good job is no longer good enough. During these times, those who choose to ignore creative ways to increase their bottom line may sacrifice how financially comfortable they feel later on.

Anyone can easily start an additional source of income this month without having to invest a lot in cash. Take a look at restaurateur Paula Deen. She was in a situation where she had to support her two sons and herself: she had to make it. With a few dollars and sweat capital, Paula started what would one day become a multi-million dollar business. Although there were many days when she was scared and frustrated, she persevered and does amazing things in her business. And to make her story even more inspiring, she started her business after the age of 40.

Paula’s story is really encouraging, but not entirely unique. She did what many mothers have done who have taken their economic existence into their own hands. But what made them take massive action to get this business off the ground? It had everything to do with her mindset.

What sets her and many other successful female entrepreneurs apart from others who feel stuck and unable to move forward was their mindset. When a mother doesn’t find that she needs to achieve something for herself, she can let her mental blocks get in the way. Economically, many of us struggle against a limited mindset.

Our first task is to make ourselves aware that what we perceive to be true may not be correct. We often mistake perceptions for facts. We don’t question why we think the way we think, we just let our thoughts dictate what we can or can’t do. For example, some of us often say, “I can’t afford it…”. Is your statement really a fact or your perception?

Maybe you don’t have the money right now, but does that really mean you can’t afford the item? We should all get the phrase “I can’t afford it…” out of our minds because what we’re really saying is that abundance isn’t flowing in our lives. And as we continue to subscribe to that belief, it becomes all the more difficult for us to live in abundance.

Your first assignment: Think of something you’ve recently wanted that you told yourself you couldn’t afford. Think about whether you really wanted this article or whether you made this comment out of habit. If you find yourself saying this out of habit, start by stopping that thought next time (and NEVER verbalizing it). If you decide you really want this item, think of three (3) ways you can afford it. Think about opportunities and solutions that could bring additional sources of income without getting a job.

We mothers can work miracles when our backs are against the wall. We will fight, especially when it comes to the welfare of our children. Many mother millionaires began their journey to wealth when, for whatever reason, they felt they had no choice. In many cases, a way was made out of nothing. Whatever mental blocks they had about money, they broke down when they needed to get things going financially.

But what do you do when you want to make significant financial changes in your life, but you’re not in an emergency situation and don’t know where to start?

The first place to start is to determine if you really want to make changes or if you’re just paying lip service to a healthier relationship with money. And make no mistake, the mental blocks we have to accumulating wealth relate to our relationships with money.

Once you’ve decided that you really want to change something, you need to look at your views on money from two different perspectives.

The first perspective focuses on your worldly views of wealth. Do any of these beliefs sound familiar to you?

o There is not enough money in the world.

o Money doesn’t grow on trees.

o The world (or this society) controls how much money I have (or don’t have).

o It’s really hard to make money in this economy.

o Fill in the blank with other worldly beliefs you may have about money:_________

The second perspective focuses on your personal beliefs about your ability to have money. Does any of this speak to you?

o I will never be rich.

o I am not worthy of being rich.

o I’m not smart enough to figure out how to get rich.

o I don’t have enough education to be wealthy.

o Fill in the blank with other personal beliefs you may have about money:________

Now that we’ve established our attitude towards money, it’s time to take steps to develop healthier beliefs.

One of the first things we need to do is realize that our thoughts or beliefs are not necessarily facts. It’s just things we’ve told ourselves over and over again that we can now accept as facts. Remember that beliefs are just one way of looking at something.

Let’s do an exercise analyzing your beliefs:

1. Look at the beliefs you wrote down. Now cross those thoughts out and write next to them, “I have a wrong belief that … (fill in with the beliefs you crossed out).

2. Fully identify your misconception and write it down. An example is “I will never be financially comfortable”.

3. Identify the meaning behind your false beliefs, such as: B. “My family has always fought = I will always have fought”.

4. What would you rather replace your false belief with? (An example would be “I can be rich”).

5. When do you remember when you first identified with this false belief? You know? (An example would be, “My dad always said money doesn’t grow on trees.”)

6. What is my desired new faith? (“Money can flow to me easily.”)

7. Now really imagine what your new belief looks like. How will you look when you live this new life? How will you act? how will you feel What will your life look like?

8. What is your new faith?

If you find that you cannot fully accept your new beliefs after this exercise, move on to the next exercise.

Focus on wealth

If you constantly focus on what you don’t have, you will keep struggling without having anything. You need to focus on what you want, more wealth and a healthier relationship with money. Wherever your thoughts flow, your actions follow. If you keep wealth accumulation in mind, you will soon find that your actions are changing and you are getting closer to realizing a more prosperous life.

There is an extremely easy way to focus on wealth. Start by getting a book about wealth creation or read a biography about a wealthy person. You can find great resources on the internet or at your local library, but a couple of obvious choices are “Think and Grow Rich” by Napoleon Hill and “Rich Dad, Poor Dad” by Robert Kiyosaki.

Finally, when you feel false beliefs creeping into your mind, press your mind’s “pause” button. This interrupts the thought and keeps you from getting drawn further into it. Replace the negative thought with a positive thought about something else. Do this every time you are confronted with your false beliefs.

Most importantly, find ways to seek wealth by taking massive action every day to develop streams of income. Researching how others have done it will help you tremendously. If you can find a (wealthy) mentor to support you on your journey, all the better. And even if you can’t, if you want to start a food business, you can always align yourself and your business with someone who has done something similar, ie read one of Paula Deen’s books.

But don’t just read about how others got rich, act on it! Make their steps your steps. Use what you’ve learned from others and create a plan. Now is a perfect time to start achieving financial success because so many successful people are sharing their journeys and information is so easily available.