This is a statement I hear often. It doesn’t matter whether you are a 7 figure business owner or a 6 figure business owner. It doesn’t matter if you have savings or a lot of debt. Each of us has a thought about our money situation that we just don’t want anyone to know.
Here is the truth.
Money is one of the least taught subjects. Unless you had the privilege of growing up in a home where money was talked about in a healthy way, the likelihood of you understanding how to manage this tool called money is pretty small.
Now, this has no reflection on your ability to make money. For some, this is extremely easy and yet somehow it just keeps flying through your hands. For others, it’s painful, slow and sporadic, and regardless of how much comes in, there never seems to be enough.
How do you let go of the shame?
It doesn’t matter where you are starting from or what your current situation is, managing money can be done in 3 basic steps:
1. Baseline – where you are today. This requires you to take a look at your money, in detail, to see where it’s coming from and where it’s going.
2. Legacy – where you want to get to and by when. Think of this as your goal. Make it measurable and realistic. Your goals can get bigger as you get more comfortable with this piece and take steps towards them.
3. Dynamic Planning – how you close your gap between your baseline and legacy. It’s different for each of us and there are no right or wrong answers. There are some definite steps to take (in order) so you aren’t spinning, taking forever or putting yourself in an unnecessarily risky position. There are some rules of the game to follow. And you can learn them.
As we work with our clients our goal is to make money not only fun but also empowering. Money is a tool that works for you rather than you working for it. I can almost guarantee you that what you are embarrassed about is not as bad as you think. Take step one and let me know how you make out.