10 Money Mindset Tips For Female Entrepreneurs

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Everyone has a relationship with money. But not everyone has a healthy relationship with money.

Your money relationship is not determined by how much money you have in your bank account or what your savings portfolio looks like. Your relationship with money is about how you view money, your money mindset and how you use it to improve your life.

Here are some money mindset tips to help you improve your relationship and mindset with money.

money mindset tips

Money Mindset Tips

Create a Wealth Mindset with these 10 money mindset tips that will help you train your brain and develop habits that will put you on the path to money mastery.

1. Change Your Money Story

We all have stories that we repeat to ourselves (and to everyone else, too!) These stories are more than just a recitation of facts: They are self-fulfilling prophecies we create to hide from things we fear and things we feel we’ve failed to achieve.

But here’s the important thing about stories: They are not always true … but the more we repeat them, the stronger they become until we end up trapped by them.

We may tell ourselves that we’re no good with money because our family is no good with money. Sorry to break it to you but the way you handle money wasn’t passed onto you through your genes.

Having negative thoughts and feelings toward money is extremely common and can be passed on from generation to generation, but it’s habits and thoughts that are passed on. And that my friend, we can change.

You have to change the story you tell yourself around money, re-set your believes and habits.

2. Remove Blocks & Retrain Your Brain

So you’ve created a new story for yourself around money, now you’ve got to uncover and remove the blocks you have around money.

Creating a new story is step one. Digging deep into your mindset blocks and removing them is a much deeper level. Once you’ve discovered these blocks there are several techniques you can use to retrain your brain to overcome these blocks.

  • Meditation [My Favourite]
  • Kinesiology
  • EFT Tapping
  • Subliminal Messaging
  • Money Reiki
  • NLP

All of these are widely different techniques for removing blocks, and you can use more than one of these techniques.

Not every technique will work for you—but do explore them further, and see if anyone (or more) of them resonate with you for removing your own money blocks.

And all the techniques in the world won’t work half as well if you don’t understand where your blocks are coming from—and make a commitment to overcome them with action.

3. Daily Money Affirmations

What you think and say becomes your truth. This is even more evident when it comes to your relationship with money.

If you always say, “I don’t have enough money.” Then that becomes your truth. You live it out – even if you don’t want to.

That’s why it’s so important to surround yourself with positive affirmations of abundance. When you’re focused on these affirmations, you begin to believe them and as a result, you live them out.

Here are five affirmations to get you started:

  • I choose to spend wisely.
  • I have all that I need in this moment.
  • I have abundance and I choose to help others.
  • Money is the tool I use to create a life I love.
  • I’m developing my money smarts.
  • I love money and money loves me.

4. Invest in Yourself

Solopreneurs and small business owners can reach a plateau. A point where you can go no further in your business or in your life unless you invest in yourself first.

It might be that you’re a motivational speaker but you’re only getting booked for small events. You want to speak to bigger crowds in larger venues.

You could continue to struggle for a few years or you could invest in yourself. Hire a coach to help you grow your speaking business. Book a session with a speaking consultant to ask for advice.

The first step to changing your financial outlook is to acknowledge that you’re not happy where you are. Once you do this, financial doors will begin to open for you and you’ll discover a better relationship with money.

5. Forgive Your Money Mistakes

We all mess up from time to time and your money pass may not look the way you want it too. However, to move forward you have to be able to forgive yourself.

Own your mistakes, learn from them and move on.

6. Be Grateful For Now

You have to be grateful for what you have now. Be grateful for your current income. Be grateful for the bills you pay because whatever you’re paying for is bringing value into your life.

Paying your gas and electricity bill gives you the value of keeping you warm in the winter, being able to charge all the various gadgets that keep you entertained. Be grateful for that. Your rent or mortgage payment is the roof over your head.

You may want more money, but what you have right now is more than someone else. So thank the universe for allowing you to have money to do what you want now.

7. Face Your Current Money Situation + Make a Plan

Having blinders on when it comes to your money is not helpful to you or your future, so it’s important to understand where you stand right now if your money.

Sit down and figure out all your income and all your expenses.

  • How much do you spend on priority bills?
  • How much are your living expenses each month?
  • How much is left over at the end of the month?
  • Are you overspending each month?
  • Do you have debts?
  • Do you have a retirement fund?
  • Do you have savings?

When you have the answer to these questions you can then start to plan to tackle any problem areas.

If you do have debt make a plan to pay it off. No savings make a plan to create your savings pot. No retirement fund, start a plan to get started. Overspending each month, create a budget, figure out ways to add to your income streams.

There is so much power in knowing where you are with your money and having a plan to get it to where you want it to be.

8. Set Ambitious Money Goals

Part of planning your financial future is to set goals that will help you move forward with excitement. Set ambitious goals for both your business and life.

It may be to reach multiple 6-figures within a year in your business, it may be to have a 7-figure retirement fund. Whatever it is make it ambitious.

9. Keep Personal + Business Separate

Your personal finances and business finances should always be separate even if you’re a solopreneur. This is just about setting great money habits that will help you grow your business to multi 6-figure/ 7-figure business.

Just think, when your business is making that much money if your personal and business finances are all tangled together what happens with your taxes? You’ll be penalised. But the truth is you’re unlikely to get that big if you don’t implement this basic idea right from the start or at the latest before you hit 6-figures.

10. Be Confident With Your Money

Sometimes a lack of confidence can hold you back from creating wealth and getting a handle on your money. Maybe you don’t understand certain financial terms or someone bullied you into thinking you where stupid when it came to money.

Don’t worry everything you need to know about money can be easily learnt. Don’t be afraid to buy a book on budgeting or taking an online course about retirement funds.

It’s time to take control of your money and develop a healthy money mindset. You can start this process by discovering what’s holding you back and actively working to let go of your toxic money beliefs.

Money Mindset Books

Here are some books you should read to develop a healthy money mindset.

About Me

Hey, I’m Lorraine P. Emmanuel, a Certified Business Coach and Professional Life Coach who helps ambitious + smart women create businesses & lives they love with 6-figure business systems + without tech overwhelm.

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