3 Money Mindset Mistakes Holding You Back & How to Fix Them

The Unconscious Relationship with Money

• 🧠 Most people have an unconscious and negative relationship with money, often picking up beliefs from parents without conscious awareness.
• 💡 This scarcity mindset can lead to worrying about not having enough and not knowing how to make more, which can paradoxically lead to spending more.
• 🚀 The host shares her personal journey from identifying as a lawyer/academic with a fixed salary belief to becoming a business owner who learned to create more money by producing value.

Mistake 1: Avoiding Discomfort to Make Money

• ⚠️ A significant mistake is leaving money on the table because of an unwillingness to be uncomfortable.
• 💰 Entrepreneurs may avoid offering services due to fear of awkwardness or judgment, costing them potential clients and revenue.
• 📈 For example, avoiding a 30-minute conversation could cost $30,000 if it prevents securing a client who brings in $30,000 over time.
• 💸 Similarly, not asking for a raise due to fear of seeming greedy can cost thousands or even hundreds of thousands of dollars over a career.

Mistake 2: Not Viewing Spending as Investment

• 🎯 Another common error is not understanding that all spending is an investment, always yielding some form of return.
• 💡 Whether it's a meal, career training, or a personal trainer, money is exchanged for value, be it taste, social enjoyment, financial gain, or health benefits.
• 📊 Failing to consider the return on investment (ROI) when spending can lead to poor financial decisions, focusing only on money going out rather than what is gained.
• 🚀 Investing in a coach or trainer can yield significant financial returns, far outweighing the initial cost, especially when considering long-term career or health benefits.

Mistake 3: Money is Not About Gratitude or Deserving

• 🚫 Money is business, not an emotion, and should not be tied to feelings of gratitude or deservingness.
• ⚖️ Women are often socialized to be grateful and fear being seen as greedy, leading them to undercharge or under-advocate for themselves.
• 🤔 The concept of