89: How to Overcome a Scarcity Money Mindset
The Goal Digger Girl's Podcast - A podcast by Kimberly Olson - Tuesdays
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Whether you're not making enough or are spending what you make, learning how to identify and smash money mindset blocks is essential for long-term, financial success. Listen to my step-by-step process to crush your money blocks!
Show Notes:
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Partial Transcription: For full Transcription, click HERE
What's up Goal Digger, how's it going? I know you're having a fabulous day and you're ready to tackle the scarcity money mindset. This is such an important tool to master and have in your toolbelt, because when you start making more money than you have been making, or maybe you're looking back and going, I make way too much money to be living paycheck to paycheck, or I have to think about money every time I make a purchase or not be able to just buy things. You know, and I see this all the time when people are getting into online marketing network marketing, coaching, and they're adding that additional stream of income and then they wonder, where's the money? Right?
So I went through this myself as my income grew. You know, I've gone from 10 years ago when we moved to Texas making 30 some thousand dollars a year to, I can make, you know, I've made that in a few days now, which is crazy to say out loud. And the thing that it took me some time to catch up is that I wasn't addressing these old limiting beliefs that I had from not just childhood but adulthood. And if you don't address them and understand them, then you will subconsciously either sabotage your success or you will spend all your money.
That's what I see most often in my practice with my clients. So understanding scarcity, money, mindset issues, and identifying them and smashing them and just the stories you tell yourself and tell your kids and even your spouse are really, really impactful to changing these beliefs at a subconscious level. So when it comes to scarcity, money mindset, really important thing to do first is just to think about as a child, you know, what was it like? Was it a money doesn't grow on trees? Was it a feeling of there's never enough, was there a lot of kids in your family?
So, you know, it was always hand me downs and slim pickings for things. Or were you someone who had a lot of money, just didn't understand it and don't really know how to manage it? You know, there's, there's some beliefs there, there's some things that you will want to address. So I encourage you to spend some time maybe journal and just ask yourself, what did you grow up with? What beliefs have you carried on from your family? And a lot of times we just pass them right on. We pass them right onto our kids and we attract significant others that often have some of those limiting beliefs as well.
It's also very common for money to be an issue in marriage. It's the number one cause of divorce and as Dave Ramsey says there's a spender and there's a saver usually. So understanding where both of you, your backgrounds and your beliefs come from, can be really, really important to work through on your own.