How Do You Feel About Money? Your Attitude Could Be Sabotaging Your Wealth

A poverty mindset is that nasty little gremlin in your subconscious that is sabotaging your efforts at making more money. On the outside, we assume we are doing everything we can to change our lives for the better. On the inside, the gremlin is tripping us up at every possible opportunity. 

For some people, no matter how many skills or opportunities available to them, they always stop short of success. A variety of factors could account for this but one worth considering is your attitude to money. Everyone wants money. We know we need it, but deep down do we like it? 

 

Do we like money? Surely everyone likes money I hear you say. Apparently not. 

 

I knew I wanted money because it allows me to pay my bills, buy nice things, go travelling, etc. However, when I saw a video by Morgana Rae talking about her Money Honey I discovered I was scared of mine! 

She took us through an exercise where you ask yourself if money was a person, what would they look like? Her Money Honey was a handsome young man who always looked after her and I wasn't expecting mine to be much different. I was wrong. 

When I imagined my Money Honey, it took the form of a menacing creature, dressed in dirty, smelly rags, hunched over by the bins as if it had just risen from a dark place to do me harm. The physical feeling this bought up for me was one of disgust and fear. I could feel my stomach clench, my anxiety levels rise, and a desire to run away as fast as I could. 



I was SHOCKED

No wonder I failed to take advantage of all the opportunities I had in front of me. Somewhere deep down, money brought up those feelings and I had NO desire to deal with this evil figure. 

It sounds crazy I know, but it made sense to me. My experiences in the past dictated how I felt about money. For me money was always a problem. In my childhood it was my parents struggling to pay the bills and buy food. As a student I was always living on the breadline and when I earned money, I had to pay back a student loan. I had never known what it felt like to have more than enough, having the freedom to buy whatever I wanted, or have enough money to save. Money meant stress, paying debts, paying bills and avoiding debt collectors. 

I recreated the same scenario when I moved to Spain and spent years worrying how we would pay for food, the bills, petrol, etc. 
 
 

I created a negative association to money which meant thinking about, or making money bought up feelings of how it would be taken away. 
 

 
It´s not logical, I know that. On a conscious, rational level I know that money equals freedom, but sometimes those damn gremlins just keep emphasising the negative. Unless you do something to change your money story, it could affect you too. 

So, your turn. Set aside a few minutes to close your eyes and think about what money means to you. If it´s not positive, I strongly recommend you start working to change your money story as soon as possible! 

The Madness of Debtors Prison In the ´Civilised´ World

I just saw a clip from a BBC programme in the UK, about a woman jailed for not paying her council tax. For 50 days. In what world does that make sense?

 

While she is in jail, she has zero chance of earning any income. When she gets out she will have a criminal record which will limit her chances of getting work in the future as some employers will automatically disqualify her.  Her debt will continue to be unpaid, but the government will have spent thousands in sending her to court and keeping in prison for those 50 days.

Read more: The Madness of Debtors Prison In the ´Civilised´ World

Your Biggest Obstacle When You Want to Work from Home is Lack of Confidence

I started working from home because I had no other alternative after moving to Spain and buying a house on the outskirts of a small village, in an area with little tourism and development. There were few ´real´ jobs and I wasted years on startups and real estate because it still gave me the flexibility to be with my children. Lack of confidence to try new things meant I took longer to move on, struggled for longer and earnt less money.

What do I classify as a ´real´ job? One that pays a regular salary every month, where you work regular hours and you get more than slave wages. For me there was only a glut of long hours for earnings that barely covered travel and food for the day, or commission only jobs that cost you money to work because you had to pay for your own petrol and phone calls. I spent YEARS trying to make these work while filling in the gaps with freelance jobs I found online.

The super confident gurus say they can sell in any market, in any location under any conditions. However, not all of us have unlimited confidence. When you are rejected and lack skills to apply for better paid jobs,  you feel the weight of your responsibilities and bills you can not pay.   Any confidence you might have had gets trapped under the mountain of overwhelm.

Read more: Your Biggest Obstacle When You Want to Work from Home is Lack of Confidence

What Is Freelancing?

A freelancer is someone who is an independent contractor that bids for one or many jobs and gets paid per project.  Instead of having a regular salary from one employer, a freelancer can have several different clients at the same time depending on the size of the project.

The most well known model of freelancing is the one you see on popular sites like Upwork.com , Guru.com etc. Clients list the project they need help with and freelancers bid on the project. 

Read more: What Is Freelancing?

The Slippery Slope of Entrepreneurship

I love hearing about entrepreneurs who have succeeded in creating something out of nothing. Except that most of them didn´t really start out with nothing. When you did a little deeper they had financial help, or family support, or lived in the right place, knew the right people etc. I don´t want to take away from what they achieved, but I do want to highlight the fact that there millions of people throughout the world without access to those resources, who are suffering.

No, this is not a story about excuses for not making it big in the real world. This is a story about the fact that the world economy is changing and the world is not adapting to help those left behind.  Let me correct that.  It is not letting  them help themselves.

Life used to be so much simpler. Not easier, simpler.  You were a worker, or you were a boss.  Some made the jump from the bottom to the top, but the lines were more clearly drawn then.  Nowadays, with the growing liberation of women, the widespread use of the internet, and access to international markets, everyone has a chance to move up.  Except that the majority trying to make the move from employee to employer or entrepreneur will get lost somewhere in the middle.

Read more: The Slippery Slope of Entrepreneurship