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Money Mindset

Your money mindset is created as you were growing up, becoming hard-wired in to your subconscious mind by personal experience, direct commands and suggestions from parents and authority figures.

Money is the means to give you the lifestyle you want but money is perceived unconsciously of causing pain or pleasure.

Here are a few examples of how money affects your lifestyle and the consequences of it…

Living in a household where money was tightly controlled or there was little money is highly likely to be painful. Therefore you either accept you are not able to have money or you strive to ensure you have money to spend on what you want, when you want. However because your mind has associated pain to money, you may in fact hold on to it and not spend, fearful of not having money.

Whereas growing up with money can be just as painful if the money caused problems within the family, including arguments, disagreements even envy, to the point where you you feel uncomfortable having money. Instead of having an abundance of money you only ever have enough money to survive. That way money can’t hurt you or those you love, unfortunately that isn’t the case surviving can cause as many arguments and disagreements as having an abundance of money.

If you came from a family with money and had everything you ever wanted, you may choose to rebel, to not have wealth as you feel guilty and judged for having money by your peer groups.  It may seem illogical  until you explore your beliefs and behaviours around money, wealth and you, when you do, you may be surprised to discover it is a belief about you that is the problem, nothing to do with money at all.

Money Personalities

During my career in banking and as a financial advisor, as well as my own personal experience I realised that our behaviour with money is similar to the characteristics of some animals.  Subsequently with some poetic license I created the 9 Money Personalities.

They are…

  1. The Ostrich – hides it’s head in the sand, and doesn’t want to know about money
  2. The Cat – loves to give presents and will spend, spend, spend to help them feel good about themselves
  3. The Hamster – loves to save it’s money but hates to spend
  4. The Squirrel – loves to save money, will spend to show off wealth
  5. The Cuckoo – doesn’t want the responsibility of having money, only wants enough to survive
  6. The Meerkat – loves high risk for high returns
  7. The Snake – is generally responsible with money but an emotional need triggers excessive spending
  8. The Rabbit – is exceedingly cautious constantly worrying it is going to conned
  9. The Hedgehog – has to feel safe, if it doesn’t it will take action to protect it’s money as in the case of the financial crash of 2008/9 when they would have been the ones withdrawing their funds from the banks.

You probably recognise your personality. What about your partner, your parents, family members, friends and work colleagues?

Your relationship with money

It is possible to change your behaviour with money, as it is never about money, but you!

When you regularly experience negative words and actions such as “You will never be successful.” “You don’t know anything.” “Why would anyone bother with you?” They become part of your unconscious beliefs, resulting in you believing you are not good enough, you don’t belong, you are insignificant and unworthy, even unlovable.

Your beliefs are the creator of your thoughts which control your feelings leading you to behave the way you do in life and with money.

It doesn’t matter how much you tell yourself I can do… or I will do… you automatically revert back to those beliefs until you over write them.

You conscious mind analysis everything received through your 5 senses (sight, sound, touch, smell, and taste) to decide whether it is matches what it already knows. Then it will accept, reject or distort what it checking based on what it recognises, and all that is done continually, even when you are asleep, as it is there to keep you safe.

Unconsciously you will have money scripts based on what you experienced or hear about money, wealth and abundance including…

  • Money doesn’t grow on trees
  • Rich people are greedy
  • If I have money, I will have to pay more taxes
  • Money is the root of all evil
  • I am hopeless with money
  • I just want enough money to live/get by.

Where money is concerned you will have an upper limit of the amount of money which is acceptable for you to have, anything above that,  you will find a way of losing that money – paying for car or home repairs, spending on an expensive holiday.  Unconsciously you don’t feel good enough, therefore you can’t possibly be capable of having more money you don’t deserve it.

I have spent a major part of my life, finding out that I was rubbish with money, I lost my home, and basically had periods of being in debt, then having money to overspend.  It was not until I realised it had nothing to do with money, but more how I viewed me, starting with not being good enough, unworthy, unloveable, insignificant, powerless did I start to change my relationship with money.

When you work through your money mindset you…

  • Clear out the blocks, limiting beliefs and fears that hold you stuck
  • You take inspired action to build, grow and retain your money
  • You believe you can have wealth in your life and therefore manifest wealth and abundance in numerous ways.

Wealth creation and protection

Wealth creation and money mindset is a journey starting with  your beliefs, and finishing with being responsible and practicing effective money management. Once you start making money you need to take action in various ways to ensure that money works for you.

It starts with protecting your financial wellbeing through life and health insurance, not forgetting your wealth, especially if you have family or are working for yourself.

There are various packages that would be suitable to give security to your family if you should die, or incapacitated due to ill health, and let’s face it, more women are becoming ill even dying from various conditions and diseases.

Wealth has to be protected in case of potential claims on your personal assets through divorce, separation or bankruptcy.

And I do understand when you say you don’t like dealing with money, but unless you understand savings, investments of various kinds how can you be fully responsible for your financial wellbeing?

Leaving it to another to make decisions on your behave is not a wise choice. Relationships go wrong and unless you are aware of what is going on, it is likely to affect your financial and emotional wellbeing.

Are you ready to work with me to change your relationship with money? Click here

Karen’s support has been an amazing boost to both my confidence and my business. Karen’s mentoring style is encouraging and inspirational. She listens to the difficulties I am having and helps me to find the most appropriate solutions to help me to succeed.

Karen’s support is not without its challenges, however through our sessions I have come to learn that expanding your comfort zone is the best way to move forward and achieve your goals.

My confidence in myself as a business woman developed immediately after our first session. Prior to mentoring, I had a fear of developing my business, and did not have the confidence needed to make important decisions. Within a month, my ability to manage my business became more effective, allowing me to gain additional clients and expand my business prospects. This was aided by Karen’s positive approach to mentoring.

I would happily recommend Karen’s services to anyone who is trying to develop their confidence in their abilities and expand their business.


Owner, CakingsCakes

“Karen passion and commitment to encouraging ordinary people to take control of their finances is infectious. She has built up a powerful and invaluable knowledge bank of techniques and resources that help her clients manage their finances in an educated and logical way.” Andy Szebeni

Karen is generous, supportive and encouraging to all women who need help to gain a healthy money mindset. She has a heart of gold.

Kathryn L

Mindset coach