When I was a kid, I got the message that wealth was not OK. Rich people were bad because they lied, cheated, and acquired their wealth in less-than-acceptable ways. My parents weren’t wealthy and often tried to borrow their way out of their problems.
It’s one thing if you’re Robert Kiyosaki and you’re borrowing money. It’s another if you have a history of making stupid decisions with someone else’s money.
Money seemed to be something stressful, something to “bust your butt” for, something that could be easily lost.
Newly financed cars and furniture were celebrated. UGH!
You get the picture.
With all the fear and anxiety surrounding money, I thought the way to combat all this fear and anxiety would be to work for a non-profit organization making a little money. I figured I’d dedicate myself to a life of service and then I won’t have to deal with money because I won’t have much.
Rather than value salary, I valued the 20 days of paid vacation and the 9% retirement plan contribution. I valued the challenging work and the opportunity to do new things each day. All of these are valuable, but building wealth was definitely not on the list.
Fast forward 12 years and life has changed dramatically with it comes to our personal finances, but I don’t think my scarcity mindset has changed much. Maybe a little, but not much more than that.
I keep changing my mind on the goals for our marketing business. One of my business mentors continues to press me on setting revenue goals, even though we’re nearly three-quarters of the way through the year. I’m sheepish to admit that I don’t have specific goals and I don’t know what I want to do. I feel like I’m just writing down random figures because I’m being pressed to do so.
I’m seeing the effects of my indecision on our business. Without specific goals, I’m inclined to spend time on things other than revenue generation. Serving as the CEO means I should be the decisive one who leads and I’m not.
During a mastermind call recently, I asked a couple of stronger leaders about the language they used regarding wealth thinking that my scarcity mindset and indecisiveness were linked. I noticed the language they used is different. Both leaders are confident about potential and their diction reflects as such. One of these leaders shared a goal she’s working toward, but what was different was that she shared exactly what the goal was, where it was coming from, and what it would look like when she know she’d achieve it. Whoa.
Since we decided that our business would be the path to financial freedom, I recognize that my strength as a leader is directly tied to our current personal finance goals. That’s why I’ve worked hard the last couple of years to become a stronger person in the areas in which I am weak. I’ve gained skills. I’ve improved other skills. I’m more confident than I was when I was an employee, but I’m not confident enough to lead to where we need to go.
Thus, I asked these stronger leaders where this language came about. Fortunately, they were gracious enough to share their secrets, recognizing that sharing their strengths wouldn’t take away from their ability to create success, but rather enhance it since we become stronger at those things we teach others about.
Here are the notes from the call, tips that I’m using to change my own mindset about wealth.
– Act as if though there is plenty of money in the bank and opportunity is all around when it comes to sales, marketing, negotiation.
– Read books about wealth consciousness.
– Money is energy.
– Meditate on money (see YouTube).
– Have more open conversations about money.
– Bombard yourself with content about positive money psychology.
– Be conscious about what you take in because the world will keep you broke.
– Take more risks to develop an abundance mindset.
One of the leaders shared the name of a speaker, Stuart Wilde. I’ve included videos here.
One concept I’ve taken away from entrepreneurship is to surround yourself with people who are better than you in something. Groups I’ve surrounded myself with changed over time — some people leave or I leave when I’ve mastered a concept. Fluidity means flowing to the areas where gaps exist, something I think about with respect to knowledge and association.
I know I’m in the right group today because I’m surrounded by people who bring confidence to the important areas of business in which I am weaker. I’m surrounded by people who believe in themselves and it makes me want to believe in myself.