Experts on money development say that the amount of money we have is a direct reflection of the inner energy we project onto the word. It sounds elusive so what does it really mean?
What is abundance?
Abundance is the opposite of the fear of not having enough. If you are all the time repeating ‘I need money’ you are transmitting the energy of lack. Before any financial manifestation, there is an emotional economy which starts with your attitude toward money and your self-worth.
What kind of emotions do you have around the money?
There is a lot of judgment about money, especially in Europe. Sometimes I think that Americans have mastered the conversation around the money better than any of us. I’ve noticed, even in my circles, that many try to hide their wealth in order to show that they
Does talking about the money make you comfortable or uncomfortable? Are you able to charge your work according to the value you produce? When was the last time you sat down with your friends to talk about the money? We sit down to talk about politics, family, relationships but we do not go for a drink to talk about the money. How much is enough and how do you make it?
Can you put the price on your work?
American rags to riches story really
The more I think about it, I believe that it all comes down to the emotions and attitude toward the money we have. As for how else to explain those highly educated people who struggle to put the price tag on their work and still live paycheck to paycheck?
Money is about self-worth and if your numbers are disproportionate with your education and skill level, then there must be something that is going on inside of you that you should examine.
What is your biggest fear about the money?
I’ve recently come across the book The 9 Steps to Financial Freedom by Suze Orman. In it, she invites the reader to take the first step and examine childhood memories and first experiences we had about money.
Orman says that many people live in a fear of being worthless and if that is the case, what are the chances that someone feeling worthless will become a high earner?
So take a pen and paper and try to answer this simple question: What is your biggest fear about money?
Orman says that there should be a connection between our first memories and experiences with money and what we fear the most today. Uncovering those elements will help you understand who you are financially, and the chances are, these beliefs are not true.
A new truth
The way to change false beliefs of fear we have about the money is to write on a piece of paper a statement like Suze did ‘I am young, powerful, successful and I earn at least 10,000 pounds per month‘. The key is to state ‘at least’ as in that way you won’t be placing a lid on your earning potential.
Even if your initial impulse is to resist or ridicule this new truth about your financial identity, do it and restate it at least twenty times per day, every day. What do you want from your money?
Where do you stand financially?
Now that you have unlocked your fears and negative experiences about the money, now that you have stated your new truth, the next step, Orman suggests, is to take a detailed inventory of your monthly costs.
What does it cost you to live each month? Once you itemize your monthly living expenses, you will know how much money you need. However, the goal is to have more than you need, and by knowing how much money is coming in and how much is going out will put you in control of your life. By doing this exercise you may decide that you already have enough, to spend less or you can decide to make more money.
Going back to an original question of the emotional economy and self-worth, after this financial self-examination you will know if you are living or not according to your worth and full potential. Financial freedom comes with responsibility and that means taking care of yourself before venturing on to take care of others.
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Read also: #TWOW’s Guide For Success
