Money is one of those things like fitness. Like you could always do one more push-up like you could always have one more dollar. Like you could always be a little bit better. There’s always room for improvement.
Negative thoughts they get a lot of momentum in your brain real fast. Like it’s like you have one and then all of a sudden it’s like calling its friend and then all of a sudden you’re like homeless. You’re living in a van down by the river, but the truth is you are going to have to get half and half before tomorrow. The first part of it is like recognizing it scarcity, like recognizing what’s coming up. What I think it is as they’re reacting to their feelings instead of reacting to the actual situation. That’s what it really comes down to. So it’s that sort of stuff where you’re like, Oh, the link totally didn’t make sense, but that was the actual problem. And then you can address it without, dragging your emotions into the depths of despair.
It’s really important in business to know your strengths and also know the stuff that you’re not really good at and check yourself and get the support where you need it. The only reason why we’re brilliant is because we’re supported. So we don’t have to do all the things that we’re not brilliant at. We get more time in our brilliance. You’re fortunate your way talked about like the mistake he made in the beginning was like, just focusing on the money, not the systems and the processes. And for me, what I’ve realized like cashflow and, particularly like inputs and outputs and measures are like the secret to all of this working. And then us as the talent adds rocket fuel to that
Probably the biggest mistake that people make is doing activities that are beneath their pay grade. That’s by far when, like in the entrepreneurial space, it looks, I call it time potency. So it’s If let’s just say, if I’m billable at my full rate, like when I’m making the most money for the company I’m billable at, let’s say $3,000 an hour. if I was to being, doing my own books, that’s leaving, I don’t know, $2,950 an hour on the table. And so a lot of times when entrepreneurs start to feel nervous about money or they start to feel nervous about other things, they start taking on more and more work that’s not really their job, but in doing that, they use is like their most precious resource, like their mental energy in the wrong places. And so like figuring out how to work the tags and your Convertkit ends up getting the lion’s share of your attention instead of, making the calls that are going to make the money because it’s like those menial tasks. If. They’re really important to be done properly for things to roll, like to be smooth.
When you look at money as yours, it’s got a lot of emotional attachment to it. What’s so funny is if I was to look at your numbers and give you suggestions on something to do, I’m going to look at those numbers and with absolute clarity and certainty, I’m going to give you advice. You’re not going to be doubting whether or not I think I know what I’m doing. And I’d be like, here’s the way that this needs to happen in this order. We’re going to get this result. This is how this is going to pan out. So if you start to look at your business money, like business money and not like personal money, it takes some of that emotional charge off of it. And then you can be a better steward of their own dollars. So the first thing, if you don’t want to look, the first thing that you need to do is ask yourself, Oh, why don’t I want to do this? Because the main thing that will stop people is the excuse of, I didn’t have time. if you catch yourself saying I didn’t have time to do my money stuff, I didn’t have time to look at my transactions. I didn’t have time to do it. Lovingly and gently, you are lying to yourself. And the real question is why didn’t I want to do this? Because that’s really where the answer’s going to be in the first few times you’ll ask yourself. You’ll probably say, I don’t know, but the truth is like the way that our decision-making process goes from like a realm of judgments of things that you believe to be true about yourself, about the situation, about life in general, about money. Those judgments impact our thoughts and then your thoughts leader emotions. So a lot of times the thoughts will try to go toward the actions. But the thing is you have to bypass, you have to go through your emotions to get there. So if you feel a lot of resistance in your emotions to be able to take the actions, you have to figure out why. I feel this, I feel that way. And then then you can dig into it, then you can solve the problem from there. But if you’re feeling a lot of emotional resistance around doing simple things, like logging into your bank account, or, getting the tax stuff together, a lot of times that we’re taking. So if you said to yourself, I’m bad at money for 33 years, and now you’re going to do this thing that would make you good with money. You’re going against your own programming of your identity. And it will cause a lot of emotional resistance. So from that level, you really want to check in with yourself to see, all right, What am I actually afraid of, or what’s actually going on there because that’s usually going to lead you to solving like the money blueprint type issue.
Secrets of the millionaire mind
So your money blueprint is basically formed between the time that you’re born and you’re about seven or eight years old. At that point in your life, you don’t have your conscious brain fully onboard. That’s why little kids can’t wipe their own ass or, make choices like. Huh, you know what? I will not stick my tongue into the light sockets. Like it’s why that children need to be protected at all times, because they’re just naturally curious. So that conscious brain that filters, that judges things doesn’t really come online until you’re like seven or eight, but there’s a whole lot of life during those first few years. And that’s where. Your parents, your family, all of that experience was just basically teaching you how to be a human, like how humanity works.
Money gets incorporated into most decisions that happen every day. So you want to think about, so money blueprint is basically you start to you start to it’s a writing activity. And you start to look at what did I hear about earning money, for example, but at what did I see my parents do to earn money? What did I, what was the modeling? What were my examples? Do I have any personal experiences about earning money? That forever changed the way that I look earning money. And so money has got a lot of facets. So what is it? It’s like earning, spending expenses, saving, investing that giving, receiving rich people, and poor people. If you really dig in and you have you like journal with yourself around what did I see? What did I hear? What are the things I believe are true about these things? You’ll have a very clear idea of like your blueprint. And so some of these things will conflict with each other. Let’s just say you have a belief that you cannot be rich and healthy, or you can’t be rich. if you get rich, you’ll end up in divorce. Cause sometimes we like put the two things, put two things together that are not necessarily associated. So then you get a promotion at work, but then your subconscious goes and freaks out because it’s not really if I take the promotion, I’m going to have to get a divorce. And you’re like, that doesn’t make sense, but that’s sometimes how we’ll have conflicting beliefs.
So money belief system, like identifying your money, belief system is super important for clarity around, like where are the gym ups? Because if we have the way that I describe it to my clients is the realm of judgments and your brain is basically things that it, at some point in time, you believed were true and they’re still true in your brain. Now you can have a set of truths that’s way too small for you. Like there, you ever talked to somebody and they’re like, they’re had, they have a problem. And you’re like, all right, you could try doing X, Y this, you could try doing this. That looks like it would solve the problem. They’re like, no, I couldn’t do that. And they’re like, oh, okay. All right, what about option B? You could do a, B and C that looks like that would solve the problem. And I couldn’t do that.
What are you crazy? I don’t, I couldn’t do that. And they’re like, Oh, what about ENF? Could you do that? And they’re like, no one will ever love me if I have student loans and you’re like, Oh, okay, great. You’re probably just going to have this problem until you die. You should probably not pay me for any more advice. I don’t know what to tell you. But that’s not because that’s not a smart person or they’re not trying or anything else. It’s just because they have a set of judgments. That’s so small. and so when you really think about like your judgments matching your thoughts, matching your emotions, matching your actions, like that’s alignment, that’s when you’re at your most powerful, but most of us have judgments that are like, Weird and conflicting with other judgments that make it really hard for our thoughts to have the full access to the whole brain.
Money is one of those things like fitness. Like you could always do one more push-up like you could always have one more dollar. Like you could always be a little bit better. There’s always room for improvement. So being also like, unattaching your own ID, like you want your identity to be separate from the money in your bank account. Ideally like the really do, they’re not connected like your birth as a human is a measurable and priceless at the exact same time. The worth for the time and service that you provide is dictated by the marketplace and they should really not be. Intertwined at all. Like when people are like charge your worth, I’m like loud is atrocious. Like you charge, you’re not going to earn what your where’s you’re gonna earn what the market will pay for the time service the thing that gets you do but that’s very different than what you are personally worth
Money mindset too, is one of those things that every time you improve your situation, you have to do it again. Like every time stuff gets better, you have to do it again because your mind loves what’s familiar. And the subconscious part of your brain doesn’t know better or worse, it’s just familiar or dangerous. So even if your fruit zona familiarity sucks, the worst, it is absolute disaster. That’s still going to be like your go-to, what your brain loves. And so the further you move, every time you do better, those old, it’s not going to be the same things. It’s going to be different things. But similar, like it, it won’t be the exact same.
Eyes of compassion
A lot of times we have to bring, I call it like eyes of compassion and you have to bring a lot of forgiveness to the table. So when we’re talking about compassionate, a lot of times you just have to see, and with a lot of compassion for the other people in the story. So then you start to see like what makes somebody tick? What made them make these kinds of choices? And a lot of times you, once you like really understand that you can bring a lot more compassion. Because sometimes we like hold these energetic grudges against. Situations people, like the whole thing. And so when I talk about forgiveness, it’s not so much just like a condemnation. And sometimes people even think forgiveness. But forgiveness is really just like an energetic letting go of, it just means that I, you basically want to look at those situations with the compassion and then you flip them to make sure that the present inside the wrapping paper, you take it for what it’s worth. And so what’s super wild. Is that the more people I talk to, the more I realized that people’s like really big gifts. Don’t often come in, like the shiny, gorgeous wrapping paper in moments, full of joy and love and gratitude. Like you get your courage when you had the shit scared out of you. You get your power when you decide you’re not a victim anymore, like you change. that’s really the most important thing is you have to see what you got out of the situation, because then you’ve turned shit into gold and then the same thing happens in your money
So patterns are especially tricky because when you’re the one living them, they’re very difficult to see. For patterns, you’re almost always going to need some help. You’re going to need a practitioner of some sort, because. So for example, I’ll be like, all right, like I’ll be fishing around with a client. I’ll be asking a lot of questions. I’m like, and so I start to see the pattern and they’ll be like, this was different because this was a boyfriend and this was my dad, or this was different because this, I lost this job because my boss was this, or I did this or whatever. And it’s the pattern is the same, but the circumstances are different. And so when I’m looking at patterns I’ll I will start to imagine like an energetic thread, like, all so what happened? All right. So you did something that you thought was good. It was unresolved that you felt a massive amount of resentment and consequently, in some way, shape or form some aspect of your life to the ground
One of the most important. things you probably want to do is look at your money and pretty regularly like you want to check in with it and depending on the size of your organization and who’s managing money. You want to check in with your reports. You want to, if you’re a sole proprietor, you’re not there yet. In terms of systems you want to check in with your bank accounts, because it gives you a lot more clarity in making decisions. That’s really one of the main key things. And then it’s really I mean its tracking is walking is another habit. So whether or not you’re doing your books or whether or not you’re like you, the main question is where did all my money go and it, that I want it to go there. Like all money gets spent, like people think about money, like all money gets spent, and if it doesn’t get spent in your lifetime, somebody else gets to spend it.
Even when you buy an investment, if you buy a business or you buy a stock or you buy a piece of real estate, you still bought something, you still spent the money and you bought you. Now you have an asset. So the idea that you’re going to have money that you don’t spend, it is like defiant of the way money works. So you just want to like, remember that and. I feel like it’s a tricky question, cause it just depends on where somebody is.
If you’re doing like less than a few million dollars in revenue, that’s a pretty good way. Unless you have super complicated, inventory or, more complicated stuff, but even then there’s accountants and bookkeepers that can implement it. So basically when the money goes in, it gets allocated to where it needs to go back out so that you set money aside for your profit, for your taxes. Owner compensation for your payroll for your general operating expenses or your cost of goods. And so that way, when the money comes in, it already gets allocated and it helps you to know what money is already not already spent, but its money that’s going to be spent. So it helps with the decision-making also. You want to start to systemize those things because. Your mental energy is really your most precious resource. And so if you know that on the first of the month you pay, X, Y, and Z bills in your business, then on the 15th, you pay the rest of your vendors. Then it’s not something that’s going to take up a lot of mental space because you just have it. Like payroll should be systemized for a little bit. and it’s going to be a little bit different for everybody’s business, depending on what it is you do, but. That’s what systems are.
You want to think about money, like a woman, that means you will not ever have any money. Money wants to be taken care of and wants to go where it’s going to be, where it can grow. It’s going to be used. One of the things too about money is There’s like the masculine energy of money, which is like provider protector money. And then there’s this more feminine energy of money. And it’s like the realm of desires. to want something you don’t need, it’s such a fun feeling and that sort of monies like feelings about money really drives growth because your desires are always gonna push you to the edges of your potential. And If in your relationship with money, the thing is like you have to take care of that masculine energy stuff first, because if you have what you desire before you have what you need, you will feel intensely unsafe, like so unsafe. So there’s like priorities of what needs, obviously you take care of what you need before you take care of what you want, but also one of the sweetest little limiting beliefs about money that a lot of people have is that you have to need something to be able to buy it. Because when we’re a kid, what’s the number one reason why you’re not getting what you want? You don’t need that. And so a lot of people really miss out on the really nice feeling about wanting something that you don’t need.
One most important thing to be better with money is to grab yourself like a page in your notebook and keep it somewhere where you very clearly write down the visceral and like mental feelings of what you’re like. And scarcity levels. 1 through 10. The Atlantic failure scarcity that is massively taxing, to your mental resources. And the scarcity is really pervasive. So we’ll get into your time, your money, your mental energy very quickly. and so if you are aware that you’re in scarcity, you can mitigate the damage done, but he want to think about it how little kids get, I call it jam hands, how they’re like. Sticky for note like here, like how did you even get sticky? But like when you’re in scarcity and your hands are covered in scarcity, like that is not the time to be touching everything in your life. Like you, you need to come down, wash your hands, get yourself out of scarcity before. You’re making decisions before you’re sending emails before you’re selling things. And so being able to check in with yourself on those lower grade scarcity levels will make such a big difference in your business and you’re decision-making.