Limiting beliefs and Money Mindset are words that get thrown around a lot in business. They mean something different when you sit back and really take in the life lessons you have faced when it comes to money, and it would benefit all people, not only those in business, to have a good look at their money beliefs.
Just like the rags to riches archetype, I grew up in a working-class family that moved a lot from one rental to another, which means my parents changed jobs a lot and never benefited from the working-class pension-plan dream for retirement. I, however, studied nursing and became a professional and owned my own house by the age of 27. I had more financial security at that age, and more so ever since, than both my parents and my sister.
My biggest limiting belief, encouraged and nurtured by my family of origin, is that I am bad for making more money than my family. I am on a high horse, a rich bitch who thinks she’s better than everyone else. That kind of belief very quickly gets into the way of creating a profitable business and sabotages success.
Ironically, my husband grew up in a middle-class family that owned their home and had a pension, and though we are financially surpassing his family of origin he would never in a million years consider us wealthy or rich. It drives him crazy when my family makes those comments. It’s all relative.
My first years of being in business were a struggle financially, like with most start-ups. But even when it was time for my company to be profitable (because I had laid down the foundation, was known in my circles and had an amazing service) I always just broke even. It took working with my business mentor Lisa Larter and having her model a healthy money mindset for me to see where I was leading myself astray. There was absolutely nothing wrong with making money.
Having worked with Lisa for over four years now I have gotten to know her to be an authentic, caring person. When my mom passed away, she checked in on me more often than my closest family and friends. Despite having more money than I do, she does not live on a high horse or think that she is better than anyone else. I don’t think money has made her a bad person if anything it has afforded her to do more for her self-development and to be in a position to help others.
And that is where my mindset changed. I can choose to play small to appease the feelings of my family or I can play big and offer my children better opportunities, work on my self-development to be a better citizen of the World, and help those who are disenfranchised by no choice of their own. Choice is a very important word here, because as Maya Angelou so wisely said when you know better you do better. I know hard work pays off so I do the hard work, and very often that hard work is taking a hard look at yourself and seeing what you need to change in you.
What is your money story? Is it possibly holding you back from greatness?