Do you find yourself having negative conversations about money?
If so, you are not alone.
Money stress is a common problem that many women face and can lead to unhealthy financial habits.
But don’t worry – there is hope!
With the right mindset shift and practical steps, you can break the cycle of negative money conversations and start empowering yourself financially.
Today, I will share six actionable steps you can take to create a healthier relationship with your finances through positive money conversations.
?Watch the full show (?link at the end of the article) or read this show note for the most important nuggets of money wisdom.
Hello and welcome to Rise to Your Money Power where we have honest conversations to empower you around your relationship with money.
I’m Pamela Plick, your host. I am on a mission to empower women to confidently build wealth from the inside out! I help purpose-driven women to overcome feeling anxious, overwhelmed or stuck related to their personal relationship with money so they can become confident, achieve peace of mind, financial freedom and impact without fear. I do this through my signature programs and services, events and community.
Money conversations can be a source of stress and anxiety for many people.
Negative money conversations can lead to unhealthy financial habits, making it harder to achieve financial freedom. It’s easy to fall into the cycle of negative thinking about money, but this only leads to more stress and worry. We have the power to break this cycle by shifting our mindset when it comes to money and having constructive conversations about our finances.
What conversations do we need to stop having?
Here are some money conversations that I hear that we need to stop having:
- Stop saying there’s not enough.
- Stop blaming your lack on someone or something else.
- Stop comparing yourself to others and their wealth.
- Stop overspending or impulse buying in the moment to make yourself feel better.
- Stop talking about your debt negatively and avoiding it altogether.
- Stop doubting yourself and your abilities to reach financial success.
- Stop using money as a measure of self worth.
What steps can we take to break the cycle of negative money conversations?
Step 1- Stop having these conversations.
Whether it’s with your spouse, your friends or yourself, stop talking about the lack. Stop ruminating about what’s wrong and start speaking life into the issue.
Negative money conversations can be a vicious cycle that perpetuates financial stress and prevents us from achieving our financial goals. It is important for us to be mindful of our thoughts and language when it comes to money. Instead of focusing on what we don’t have, we need to shift our mindset towards abundance and gratitude for the resources we do have. This will enable us to have positive conversations about money that lead to proactive financial planning and decision-making.
Step 2- Replace your can’ts with cans.
Replace your negativity with positivity. Instead of statements like “There’s never enough money to pay the bills” say “My income exceeds my needs and I am grateful every time I pay my debts.”
Shifting our mindset around money is an important part of achieving financial freedom. It’s all about developing a growth mindset when it comes to money and focusing on what we can do, instead of what we can’t. By changing the way we think and talk about money, we can start to make progress towards our financial goals and take control of our finances.
Step 3- Take responsible action.
Honestly, a lot of the time spending habits are part of a money shortage. It’s true that your income may fall short of your needs, but it is also likely true that a lot of the spending decisions you make aren’t within your budget. This includes impulse buys, robbing-Peter-to-pay-Paul behavior, and immediate gratification at the expense of being unable to pay your bills. Start taking action to make smart decisions with your money.
Step 4- Become solution-minded.
A wealth mindset doesn’t deny that money and other resources are valuable and require effort to have. A wealth mindset sees setbacks and roadblocks as problems to be solved. That means not having enough income to exceed your expenses becomes a problem that needs to be solved. Set about finding solutions instead of simply staying stuck in the doom and gloom of the lack of money.
Step 5– Re-evaluate Your Relationship With Money & Invest In Yourself Financially.
One of the most important steps towards achieving positive money talk is to re-evaluate our relationship with money. We all have our unique experiences and beliefs about money, which can impact our financial decisions and behavior. By identifying and working through these beliefs, we can start to build a healthier and more positive relationship with money.
It’s also important to invest in ourselves financially. This means setting realistic goals for our financial future and taking active steps towards achieving them. It could be saving for a downpayment on a home, investing in our education, or starting a business. By investing in ourselves, we can build a foundation for financial stability and success.
Step 6 – Utilize Available Resources To Help Reach Your Goals.
Utilizing available resources is crucial when it comes to achieving our financial goals. Fortunately, there are numerous resources available to help us manage our finances effectively, regardless of our current financial situation.
In conclusion, it is essential to have a positive mindset when it comes to money and our relationship with it. Taking control of our finances requires us to shift our perspective and adopt responsible action, solution-mindedness, and reevaluation of how we interact with money. With these steps in place and by taking control today, you are one step closer on your journey towards long term abundance!
If you would like to learn more about your relationship with money and why you make the financial decisions you do, take the “Money Type Quiz.” It takes less than 5 minutes and only you see the results.
#women and money #ShiftYourMindset #MoneyManagement
You can watch my full Rise To Your MONEY POWER Show episode here: