Money is often a highly charged subject. Yet, I think we are all deserving of abundance. We are meant to thrive. Money is a part of that. How you define success may include many things. Certainly, love, relationships, fulfillment are all part of the success picture.
I want you to create the best life imaginable. For me and my family, money means security but also freedom and flexibility. It means giving to others generously, while also enjoying the luxuries of life.
I’ve come up with 3 beautifully effective strategies for managing your money to help you thrive financially. No, I’m not rich yet, but these concepts and practices have given me financial comfort and freedom that literally grows every single day. I hope you find them helpful.
- Give: I devoted a podcast episode to this topic when I reviewed the book, “The 4 Spiritual Laws of Prosperity,” by Edwene Gaines. In it, she addresses, among many things, the idea of giving 10% of all money that comes to you. This is not a new concept, but oddly enough, it’s something many of us have spent years neglecting to do.
You can give it to a charity, a church or any place that replenishes your soul. When you give 10% you are making a profound statement that you have more than enough. Even if you think you can’t do it, when you give 10% as the first thing you do, the universe finds a way to provide even more for you.
Money that is tightly held onto or hoarded, cannot grow. It needs to be circulated. It needs to be shared freely in order that you might have more. This practice for me has 100% been effective.
I did this 10% giving practice my first year in business, and it was a profitable year. I was shocked to see while doing our taxes that our giving was almost in direct proportion to our income.
The next year, I started out giving but slowed down and eventually stopped. That year was not as financial prosperous and I began to worry. Worry made me hold on more tightly to money and not give. In the fall of 2016 I decided to go back to giving immediately. I wrote the first check and blessed it. The next check, the next, the next. Every time I received money I gave 10% away to charity. It felt good. It felt very, very right.
Guess what happened? My income began to increase. In fact, money came to me in ways I had not even anticipated. I feel firmly in my heart that at the end of this year, I’ll see that magical proportion again. My income will have been in direct relation to my giving. I used to give 10% of my net earnings. Now I give 10% of my gross earnings. How you choose to do it is up to you. But start today. It is a beautiful practice that will get to the absolute root of financial thriving at a soul level.
2. Mantras, Meditations and Affirmations: One of the newer affirmations I’ve been using is something I’ve learned from Gabrielle Bernstein. It has to do with letting go of limits and as Mike Dooley would say, “the cursed how’s” of how everything should come to you. A lot of our limiting beliefs around money have to do with the way we think and believe money can come to us.
The new mantra/affirmation from Gabrielle is “I am open to creative ways of earning money.”
This takes away the idea that if you have Job A, you can only earn X amount, because that’s all the job pays. Or if you work 40 hours a week, you can’t work any more than that, because that’s all the time you have available – thereby limiting your income.
To get out of this rigid thinking about how money has to come to you, simply say this affirmation throughout the day, “I am open to creative ways to earn money.” It’s also helpful to remember and acknowledge that the place or places where you believe you can earn money are not limited to those specifics alone.
For example, I have run multiple Amazon businesses for 3+ years. And during most of that time, I focused on income coming from those businesses exclusively. When one of those companies began to struggle, it was easy to get hyper-focused on making it profitable again. But I found real peace and more prosperity when I began to let go. I began acknowledging and saying, “God is my supply, not this business.” Because ultimately all abundance comes from God.
The fact that I wanted it to be my Amazon business was limiting the potential growth I could have seen in other areas, and keep tightly bound up in a stressful feeling of ‘making it work.’ “God is my supply. All abundance comes to me from God,” releases that limiting feeling.
Here are a couple of other favorites:
Tony Robbins, “God’s wealth is circulating in my life. His wealth flows to me in avalanches of abundance. Every need, desire and goal I have is met instantaneously by infinite intelligence. For I am one with God, and God is everything.”
Bob Proctor, “I am so happy and grateful now that money is coming to me in increasing amounts on a continuous basis from multiple sources.”
3. Watch it: Where attention goes, energy flows. “If you can’t measure it, you can’t manage it,” Peter Drucker
You’ll need to watch your money in order to make it grow. If you simply ignore what is going on financially, with the cross your fingers approach (don’t look at it, because it’s too scary) you’re not growing your wealth, period. You need to know your numbers.
One habit I’ve developed is Monday bill-paying. Listen to Episode #31 Why I Love Paying My Bills on iTunes for a huge mindset shift on how to change your energy around this topic. Every Monday I check in with all of my financial statements – business, personal, bank accounts. Having one day a week to check in allows me to feel on top of my finances.
There have been times when a bill was coming due and I wasn’t sure how I was going to cover it – primarily regarding business loans. Yet, burying your head in the sand will only make matters worse. It doesn’t have to be complicated, although you can get as specific with tracking your spending and savings as much as you like.
For me, it’s just a matter of dedicating one day a week to staying on top, acknowledging what is, and allowing some vision into what will be. It feels good. It feels responsible. It feels right to commit to this practice. And we all know that generating those good money feelings will go a long way towards ultimate prosperity.
Engaging in these 3 practices for managing your money will go a long, long way towards your financial prosperity. Are there other things to consider regarding your finances? Of course. We can talk assets and liabilities, how to divide up all of your earnings into ‘buckets’, saving for retirement, and I’d even recommend Tony Robbins’ book, “Master the Money Game.” But heads up, it’s an intense book that requires some dedication. I’m re-reading it now. But in it, you’ll find ways to take profound investments steps that will alter the course of your financial life.
I’ll continue blogging on the topic of money and finances, because I truly and firmly believe that we are all deserving of abundance AND because I think it is very integral to the foundation of this work, The Truth About Living, which is – that you can create an extraordinary life that you truly love in every way. That there are no limits except those which you impose on yourself. That you can have, do and be whatever you want in this life.
These three steps are small yet highly significant. Put them into place and see the change begin to unfold in your life. Comment below. I love hearing from you.