Motivation For Managing Your Money
Where does motivation to work on your finances come from?
I've studied the topic of motivation a ton!
Partly so that I can understand what motivates me in my business, in my life, and with my finances.
And also to help my clients connect to their own motivation.
Knowing how to stay motivated is an essential key to staying consistent with financial management and wealth creation.
Today, I want to share with you three insights I've gained from reading 100 Ways to Motivate Yourself by Steve Chandler.
Motivation Insight #1 - Get on your deathbed.
If we have the opportunity to die in a way that allows us space and time to look back at our life, we get to do an assessment of how we felt we did with this life.
Did we show up with integrity? Were we honest with ourselves and others? Did we self-reflect and identify improvements we could make and take action around them? Did we stop and smell the roses? Did we communicate what needed to be said to others? Did we pursue the things most important to us?
We may or may not get this kind of opportunity to assess our time here at the end of our life, but we can imagine the end of our life now, and ask ourselves these questions and make adjustments now before we get to the end of life.
“Taking the time to ask ourselves bigger questions connects us to the larger picture of our life.”
Getting on our deathbed can motivate us to learn how to manage our money well, to grow what we have, prepare for the future, and ensure we feel good about our financial choices.
Because do we want to have the end of our life look like a financial mess for others to clean up? Not having set aside any resources for others, or not having earned what was possible for us to experience? Or not having financially contributed to things that meant a lot to us?
Motivation Insight #2 - Simplify your life.
Life has been giving me a lot of insights on this one, beyond the book!
I recently moved to Ashland, OR from Santa Monica, CA.
I cut my expenses in half, maybe more. My rent is now much less. I was paying $4,500 a month for a 2 bedroom apartment in LA, and now pay $2,400 for a 4 bedroom, 3 bath house where my boyfriend and I have our own offices, a guest room, a meditation room, and a mini gym in our garage.
Our fitness expenses were at least $500 total per month in LA (Equinox, dance, yoga, etc.). And now, with online workout platforms like Beachbody, Alomoves, and Wollendance, we're paying $30 a month total.
Don't get me wrong, I loved working out at those places, and they were definitely awesome experiences to have, but I've found alternative ways to support those kinds of businesses in a way that better works for my current lifestyle.
“To me, it’s motivating to see where I can make adjustments to my expenses and save/invest more money into my future.”
Where have you or can you make a change that really shifts your expenses and frees up cash to save and invest more money?
Motivation Insight #3 - Bring on a good coach.
Given the fact I'm a coach, I get it!
Coaches take us of our comfort zone. They hold us accountable for the things that are important to us in life. They help us see things about ourselves that are both amazing (and to be celebrated) and embarrassing, like things we're doing with money that don't give us the best outcomes.
I have my own mentors, which is another word for coaches, who are constantly showing me where I could be living even more in alignment with my potential, and where I may be doing things unconsciously that will never give me the outcomes I want in life.
But something that Steve, the author of 100 Ways to Motivate Yourself, also spoke about, is that coaches give us an objective perspective.
They're not inside the stories we make up about life, the stories we make up about how much we can earn, or how much we can charge, or how much others will pay us for our services, or how much abundance is available to us in life.
“We see things through our own subjective lens of perception, influenced by life and trauma and family, especially with money!”
Do you have a coach to help you see your life or your potential with money objectively?
If not, I've recently had a couple of spaces open up for one-on-one coaching.
Check out the Praise page of my website and see what coaching has done for others, it just may give you that extra boost of motivation to invest in the development of yourself and your financial skills to create new outcomes with money.
In Grace,
Joetta