Quick Fixes For Keeping More Money

Click here if you would rather listen to this article.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

If you’ve ever felt the thrill of suddenly having a financial windfall, like signing on a new client, launching a program, landing your first higher-fee client or receiving an unexpected commission check — then only to see the money disappear by the end of the month, then you’ve probably wondered, "What just HAPPENED?!"

Most women entrepreneurs react to money, causing feelings of powerlessness or of not having any control.

Despite what it can at times look like on the outside, trust me when I say that money does not control you.

You are MORE in control of money than you realize or give yourself credit for. The trick is in mastering the right ways to BE in control, so your cash keeps flowing in.

Here’s how it works:

On the inside, experiencing a financial windfall can often trigger old patterns of not good enough, guilt, shame or deservability. It doesn’t matter how much you "need" the money, unless you know what to do, these feelings unconsciously take over, putting you right back to where you started.

Now, before you think, ‘Uh, oh" let me reassure you, creating a powerful money breakthrough is actually pretty simple.

I’m going to share the first steps with you right now. And the best part? These steps are super easy and nearly effortless to take.

Step #1. Get Wise To Your Patterns

If you can name the pattern that results in money leaks, you’re already a step ahead. For example:

Do you swing from overwork to exhaustion, creating wide gaps in your income?
Do you overspend as a way of avoiding feeling the emotion of having the goodies in life?
Do you slip into "generously" giving money away to make up for feeling guilty?
Do you avoid discussing money or use secrecy to avoid conflict?

Let’s be honest, we ALL have our patterns, so the more truthful you are with yourself here, the faster you’ll empower yourself to take control and get into aligned financial action.

Step #2. Give (or Get) Permission to Have More

I’ve had more women ask me to "give" them permission to make and keep money than I can count. I’m always happy to give them a blessing, making it safe for them to feel loved and accepted by someone they trust, so they can create greater income.

Why does this work? Because EVERY woman I’ve ever coached on money has someone in their life they have concerns about upsetting, making angry, disappointing, hurting or disempowering in some way, should she make and keep more money.

Please take this to heart: Your desire to be financial successful does not disempower anyone! Will a few people in your life perhaps feel threatened? Possibly. But that’s their path, not yours. Remember, your playing small doesn’t help anyone else feel big.

Step #3. Create Financial "Stickiness"

Do you track your income daily? And all of your expenses?

Do you have Bold Money Goals that pull you forward every 60 days?

Do you have an amount you won’t allow your bank balance to dip below? (I call this your "Warrior Line")

Do you have a debt pay-down plan?

Do you have a weekly money date where you keep your finger on the pulse of your cash flow so you’re treating your business like a business?

Creating money habits like these gives you confidence and helps you trust yourself, paving the way for creating even more security and financial freedom.

Step #4. Create A Money Breakthrough

You’ll quickly begin to see proof of a money breakthrough for example, the first time you have money flowing in more days in a month than you didn’t.

Or when you have money left over at the end of the month, ready for you to sock away for something you really value.

And imagine how in control you’ll feel when you see a training course or workshop you want to take, and for the first time, you believe in your heart it’s an investment in yourself that WILL pay off.

Each of these examples are simply milestones on your money breakthrough journey. Just remember, it’s not a matter of, "When I have the money I’ll…" (did you catch how saying that is giving up your control and power?!).

Your money breakthrough journey is one you can easily start today, in small, specific, practical ways.

Here’s a bonus money power tip: Set aside a small amount every month earmarked specifically for periodic expenses (insurance, workshop fees, new website, etc). When they come up, you’ll have at least a portion of the money banked, keeping you from experiencing a financial "gotcha!" when you’re not expecting it.

You’ve heard the phrase, "Little hinges swing big doors"?
When it comes to money I say,
"Little actions create YOUR financial freedom"!

After coaching thousands of women entrepreneurs on money, I promise by taking the actions I teach, the money breakthroughs you want will come to you faster and easier than you’ve ever imagined!

Facebooktwittergoogle_pluspinterestlinkedinmailFacebooktwittergoogle_pluspinterestlinkedinmail

Comments

  1. Hi Kendall, I am happy the conversation amount money includes both how to make it, as well as how to keep more of it in our purses. 🙂

    Creating a budget for income and expenses, and then tracking these numbers is so important. For example, I know “to the penny” what my budgeted amounts are for income and expense categories, both on a monthly and yearly basis for VA, office, technology, travel, etc. Then, I compare my budgeted to actual results every month to keep them in line. 🙂

    In my experience, I know many women don’t like to pay too much attention to the “expense side of the money house.” But, it is critical to business success to know exactly both the income generated, as well as expenses. This leads to building a profitable business!

    Great budgeting and financial tools are the SCORE financial templates, for the person who does not have accounting software. Just Google “Score financial templates” and a person will be directed to these awesome tools!

    Bonita

    • Hi Kendall and Bonita,

      I am (as we all are! 🙂 ) a work in progress on the developing and sticking to a budget, both personally and professionally as I’m building my coaching business. I very much appreciate all of your sage advice Kendall, as I have found myself doing all four of the patterns that you list (I had become much more aware of them over recent months/weeks, in fact). Bonita, funny that you mention the SCORE templates, as I had just come across that website and those templates 2-3 days ago, and I agree, they are AWESOME and very easy to use!!

      Much love and success to us all,
      Melissa

  2. Dear Kendall,
    Thank you for the great tips you’ve shared. Turning my businessmindsett upside down is quit a thrill and scary at times. I’ve been mentored by two businesscoaches, one dutch (my native language) and one American, for 6 months now. They also value the same mindset you do, very inspiring.
    As a result I now also tuned in on creating a succesfull businessmindset for my clients, because it makes all the differance. I’m still learning, but also keeping my focus and believe in myself. I peek now and then on your blog whenever fear wants to take over. So again, thank you for sharing!
    Kindest regards,
    Ilse
    (The Netherlands)

  3. I have found the YNAB software an incredibly valuable way to track income, expenses and savings- for a person who couldn’t manage their money before this was a life changer! I highly recommend it if you want to take control and be empowered by your finances. http://www.youneedabudget.com

  4. Love these tips. Have experienced a lot more of them since working with you and becoming a Sacred Money Archetypes Coach. I love having a Warrior Line! Money is such an emotionally charged topic it’s brilliant how you show us how to break it down into manageable money steps to grow our wealth.

  5. These are all such good steps to take for creating better money habits. I especially like the idea of making a weekly money date and will be incorporating that into my schedule since now I just try to do the bookkeeping weekly but don’t always get to it and sometimes it’s too late and I miss transferring money on time. Money management can be tricky and it’s great to have valuable reminders of how easy it can really be if we “follow the leader!” Thanks for sharing your knowledge and experience with us, Kendall.

  6. Phenomenal, Kendall! Thank you for #3 especially.

Trackbacks

  1. […] “Quick Fixes For Keeping More Money” by Kendall SummerHawk […]