Got money issues or is it really something else?
Money issues run deep. They are so multifaceted and multilayered.
The thing is, money issues are not always about money.
Money issues and financial stress are rampant, and part of that is because money is still the most taboo subject in our culture.
Have you ever noticed that people will talk about sex much quicker than money?
Those of us who have had a challenging relationship with money are not alone. Basic financial literacy is rarely taught in schools.
Here are some financial stats on how rampant money issues are:
- According to studies by the American Psychological Association, money issues have topped the charts as the most common stressor among Americans. 72% of Americans say they have felt money-related stress.*
- Did you know that with the average interest rate for credit cards of 17%, it only takes around 4 years for the amount to double?
- 44% of Americans do not have enough cash for a $400 emergency.**
- 33% of American adults have zero retirement savings.**
- The average American lacks the basic financial knowledge he or she needs to change behaviors and make qualified financial decisions.***
- Around 50% of businesses make it to the 5-year mark and only 33% are in business for 10 years.****
When you’re making money as an entrepreneur, it’s a different kind of game than if you have a job. There’s no limit to what you can make, and yet it’s all up to you.
Even if you’re making a decent living and you’ve had business training, money mindset may be the missing link for you to go to the next level in your business.
It’s normal to grow for a while and then hit a plateau or ceiling. Things stop flowing as much.
Emotional and mental blocks start showing up and even patterns that you didn’t know you had.
If you want to get to the next level, you must own your worth at a whole new level.
You have to grow your relationship and confidence with money.
It’s not about what you do. It’s about the energy you do it with. Where are you coming from?
If you come from fear or scarcity, then you get more of that.
If you come from prosperity and confidence, then you create more of that.
Money issues are about self-worth.
The truth is, you have to do the work if you really want to get somewhere.
The importance of self-worth has inspired me to create a new version of my money boot camp program. I’ve included some practices, new worksheets, and content that support you to own and live your value. And I’ve added priceless resources.
Are you ready to feel confident in your capacity to own your value and make more money?
If so, check out this powerful program to see if it is right for you: “Money Mastery Intensive Program.”
You’ll get double the content from previous versions of my money program, but the price is the same!
If you are ready to transform your relationship with money, check it out.
If you want to get started on transforming your money issues now, get the Money Makeover Tool Kit or if you already have it, check out this list of amazing books to inspire you toward more prosperity.
Sources:
*“Money Stress Weighs on Americans’ Health,” America Psychological Association.
**”4 Stats That Reveal How Badly America Is Failing At Financial Literacy,” Forbes, Apr 1018.
***Financial Educators Council National Literacy Test Results
****”What Percentage Of Small Businesses Fail — And How Can You Avoid Being One Of Them?,” Forbes, Oct 2018.
**”4 Stats That Reveal How Badly America Is Failing At Financial Literacy,” Forbes, Apr 1018.
***Financial Educators Council National Literacy Test Results
****”What Percentage Of Small Businesses Fail — And How Can You Avoid Being One Of Them?,” Forbes, Oct 2018.
