suefoster.info contains affiliate links. If you click one of these links I may earn a small commission at no extra cost to you. Please see my Disclosure Policy for further information.
Is Your Money Mindset Killing Your Business with negative money beliefs?
You may not know it but everyone has a money mindset. Your money mindset determines how much money your business will make and how you’ll spend it. See if you find yourself holding onto any of these negative money beliefs:
I can’t earn more than ABC
Have you ever thought this? I know I have at times. You may internalize a certain figure thinking that you can’t possibly earn more than that each week or year.
For example, you may think that you can’t make more than 20K annually because that’s how much you made when you were working at your job.
But, you have to understand that a number is just a number. It has no power over you unless you allow it to. Try re-affirming yourself by using a new number that’s bigger than your old one. For example, say, “I choose to earn 50K each year.”
To inspire you, a read my post about how to make money blogging by Emma Drew and how she made it to a six-figure blogger.
I’m not good enough to charge more
Raising your rates can be scary. To avoid dealing with this fear, you may choose to repeat a self-limiting belief like the one above. This can make it hard for you to gather your confidence and charge what you’re really worth.
Some solopreneurs and coaches overcome this issue by choosing to do incremental price raises. This can help you ease into a higher income level and get you used to quoting bigger prices to customers and clients.
I’m not making enough to invest in my business
You don’t have to crack six figures before you invest in your business. You can still build it, even if you have a tiny budget.
Buy a small e-book or invest in some courses on a topic you want to learn more about. Fully implement your new investment so you get your money’s worth.
The good news is a bad money mindset can be reprogrammed. You can learn how to think differently about money and your business so that you can achieve lasting success.
Unleash Your Inner Money Babe: Uplevel Your Money Mindset and Manifest $1,000 in 21 DaysThe 4 Money MindsetsYou Are a Badass at Making Money: Master the Mindset of WealthShe Means Business: Turn Your Ideas into Reality and Become a Wildly Successful Entrepreneur