Personal finance is more than just numbers and budgets; it's often tied to our beliefs and emotions related to money.
Understanding your "money blocks" – the subconscious beliefs that limit your financial potential – can be a game-changer. These blocks often stem from our early experiences and the influence of key people in our lives, like parents or mentors.

Let's break it down. Think back to your childhood and the role money played in your family. Was it a source of stress, or was there a sense of abundance? These early impressions form the basis of our financial attitudes. For example, if money was always tight, you might find yourself either overly cautious or perhaps a bit reckless with your finances, as a reaction to those formative years.

Authority figures in our lives also shape our money mindset. The lessons from a teacher, the advice of a family friend, or even the habits of a respected elder leave lasting imprints. These influences can manifest...

Have you wondered if mindset issues are preventing the flow of money into your business? The fact is, almost everyone has limiting beliefs and mindset issues that hold them back from achieving what they want in life. And money issues are no different.
These blocks around money often stem from our early experiences and influences from key people in our lives. Add your own money personality to the mix and you have a collection of thoughts and beliefs that will either help or hinder your dreams.

You may see evidence of these mindset issues in missed opportunities or unfinished projects. The invitation to speak at an online event you turned down because you didn't feel ready. Or that e-book you wrote 6 months ago that you haven’t launched because you think your writing isn’t good enough, even though you could have hired an editor to help you with it. In fact, you might have already started on another project instead of launching the first, second, or third.

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Image by Katt Yukawa

The way we think about money has a powerful effect on our financial situation, so if you have tried, unsuccessfully, to change your money mindset, you could be falling into one of these common traps.

Like any habit, developing a positive money mindset takes time and persistence. You will slip up along the way, it’s natural. However, if you find yourself slipping up frequently, it’s important to look at the mistakes you could be making.

Here, you’ll discover some of the most common traps you could be falling into that are compromising your money mindset.

Playing it safe

When you’re worried about money, it’s easy to play it safe. What if you invest in something and it doesn’t pay off? For example, you want to grow your business, but you’re worried putting more money into it will be a waste in case it goes wrong.

Playing it safe may allow you to hold onto the money you have. However, it’s not going to...

Whenever I start working with business owners I ask ‘how much money do you want to make?’ and inevitably the reply is not a dollar amount.

I hear replies like - I just want enough to pay the bills, I want to offer really good services to people – the money is not important or my favorite – I’ll let the accountant take care of that.

The other set of responses I hear are a bunch of excuses as to why making more must be a lot more work or why they can't make more because they're "just getting started" or I hear a long, detailed story explaining what they're planning to do etc. etc.

It is only after a lot of encouragement that the business owners actually state a figure.

Why do we do this? Why is it so hard to put a monetary goal into your business? I think for many people we have been brainwashed into the idea that it’s not ‘nice’ to talk about money. Or that making lots of money is somehow not spiritual or just plain bad!

These are...