Time to Start Enjoying Your Money?
We’re more than halfway through summer 2021 and I can confirm that it has been a big money summer for you ladies!
I’m so happy to see so many of you taking steps to get yourselves and your businesses on the right financial track. I love that women across the country are making their first investments and opening up their eyes to the world of financial possibilities.
But there’s a key piece of the “making your money matter” equation that so many people forget: learning how to enjoy your money is just as important as making it.
Sure, it’s true that you need to make money to spend money. But in order to be motivated and excited to keep making money, you need to understand how to spend your money in a way that matters to you.
Now maybe you’re thinking: “No need to help me spend my money, my friend Gucci and I have got that all figured out.”
So, maybe you know what you like to spend your money on. But when was the last time you felt truly empowered with how you spent your money and planned for the future?
The truth is that no matter how often or how much money we are in the habit of spending, we often come at it with the wrong mindset. If you’re a dedicated blog reader you know that we’ve talked about the different money mindsets that we often use to approach spending and saving.
Over on one side you’ve got your abundance mindset people who are more upbeat when it comes to money -- they approach it with a positive attitude and see money as a resource that can open up important doors in their lives. On the other side of the spectrum are those who approach their relationship with money from a scarcity mindset. They think of money in terms of lack: that they’ll never be able to make enough money, that money is hard or cruel, or that they’re not deserving of the money flowing their way.
What many people don’t understand, however, is that having more wealth in your life goes much deeper than just being responsible with money. Your money mindset is linked to your potential for wealth because money is a resource that responds to your energy.
That means you can work as hard as you want to bring more money into your life, but if you live in fear, doubt, uncertainty, or shame about money, it’s unlikely that money will flow to you anytime soon.
In order to attract all the wealth that you want and deserve, you have to change your relationship with money and learn how to tell your money what to do. It’s all about becoming financially confident in order to make informed financial decisions that bring you joy.
Imagine finally having a healthy relationship with money and living in a world where, when you spent or invested for the future you, you just KNEW that money was going to be coming your way.
Well, that doesn’t have to be a far-off fantasy. There are practical ways to change your money mindset so you can actually start enjoying all that hard-earned moolah.
Here are 5 tips to feel more joy when dealing with money:
1. Have gratitude for every dollar you’re making and spending
It’s easy to take that paycheck for granted or get stressed over how much money you aren’t getting. The key to swapping that stress for joy is finding ways to be grateful for all the money you do have and everything you can do with that money. Maybe it will buy you a girls trip to Mexico or even just your favorite meal from a local farm to table restaurant. Whatever you’re spending your money on, being grateful that you have income flowing in and money to spend is the key to manifesting a better relationship with the money you have and all that future moolah headed your way.
2. Spend with excitement and experience your true value
There are a lot of things that aren’t fun to spend money on: utility bills, rent, and car insurance. All those bills and fees can make you super sluggish and resentful about spend money. What’s the solution? Find things you like to spend money on and get excited about them! Zip-lining excursion in the Amazon rainforest? Go for it. Main pedis with the girls to liven up your Monday mornings? Yes, please! Even just a meal out with a friend or renting a movie on Amazon for the night can get you excited to spend money.
The best part is that when you’re excited to spend money and are spending with purpose, you’re actually teaching yourself your true value and how to be in alignment with your spending. Because you don’t just exist to run a business and pay the phone bill. You’re here on Earth to make some incredible memories and enjoy the finer things in life. So whether you have the cash to finance a trip to Europe or upgrade your drink from a tall to a venti, it’s important to let yourself feel like you are valuable and worth spending money on. Once you unlock the world of joyful spending, you can open the door to a better relationship with money that can transform the way you look at yourself and the world.
3. Squash negative and untrue money stories that you’ve adopted as your own
We’ve all heard those money horror stories: that money is the root of all evil or that huge amounts of money change people into monsters. Although many of us are aware that these tall-tales about money aren’t true or 100% accurate, we still often default to this mindset when faced with financial problems because we’ve absorbed the negative attitudes of our parents and grandparents regarding money. This mindset often holds us back from experiencing joyful spending and discourages us from taking part in “risky ventures” like investing.
It’s time to break that depressing money mold you’re trapped in, and open your mind to a new financial mindset! Squashing those negative stories and thoughts you have towards money is the key to leveling up your money mojo and having a healthier relationship with your finances.
4. Improve your financial literacy and learn how you can both plan for your future and enjoy life now
One of the best ways to make sure that you can enjoy making and spending your money is to ensure that you understand everything you can do with that money. Taking time to improve your financial literacy - your ability to understand and partake in things like sustainable money management and investing - can drastically change the way you view money. Once you understand what you can do with your money, the possibilities are endless!
The higher your financial literacy the easier it will be to plan how you want to use your money in the future, whether that be investing in you or your business, investing for retirement, or creating college funds for your kids. But financial literacy isn’t just something to improve to help you make smart financial decisions for the future. It can also give you the freedom to enjoy your life now. If you know how to exponentially grow your money through investing and values-based spending like a boss, you’ll never have to have anxiety about overspending. You’ll have the skills and the know-how to tackle any financial obstacle so that your fun money never runs dry!
5. Believe that you are capable of any financial goals you have for yourself
People think that building wealth and making money is just luck. The right person comes into money because they make a decision at the right time. It’s just timing and luck and the universe and has nothing to do with them personally. News flash, that’s really not the case. The people who really succeed in making money are those who have a plan for meeting their personal financial goals. Those goals aren’t only for Fortune 500 companies and millionaires, they are for ordinary people looking to increase their net worth.
The trick for ordinary spenders and investors is to start small. Making small, incremental goals for investing, saving, and intentional spending can help teach you the basics of financial literacy and prepare you to meet bigger goals in the future. After you learn how to stay motivated and meet those smaller goals, you’ll be ready to take on bigger and bigger ones until you’re saving and investing with ease and excitement.
The most important thing to remember in this process is to believe in yourself. No one starts off with the perfect financial plan or flawless money management skills. But making small goals for yourself -- and celebrating every time you accomplish those goals -- is a great way to build up your money skills one step at a time.
Don’t get trapped in your old ways of thinking about money. No matter what your past relationship or previous mindset towards money has been, it’s never too late to start learning how to spend and save joyfully. Because the more you can enjoy your money, the more you can enjoy your life and all the amazing things that come along with it.
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