In today’s solo episode, I'm diving into the all-too-common feeling of never having enough money and exploring why this mindset is so persistent. I'll explain the emotional roots of the scarcity mindset, why it’s so universal, and offer actionable strategies to break free from the “never enough” trap. This episode is packed with edgy, relatable insights, plus practical tips and exercises that are designed to empower you and make you feel capable of transforming your money story and stepping into a mindset of abundance, all without needing to change how much money you have.
Key Takeaways:
- Understanding the Scarcity Mindset: Discover why the feeling of never having enough money is so common and how it’s often rooted in our childhood beliefs, societal pressures, and comparison culture.
- The Emotional Side of Money: Learn how emotions like fear, shame, and envy can influence your financial decisions and keep you trapped in a scarcity mindset.
- Reframe Your Money Story: Get practical steps to rewrite your beliefs about money, including exercises like the ‘Reality Check’ and ‘Rewrite Your Story’ to shift from scarcity to abundance.
- Mindset Shifts that Don’t Cost a Dime: Embrace small, impactful changes like practicing gratitude, doing an Abundance Check, and focusing on small financial wins to transform how you feel about money, without changing your income.
- Why Comparison is the Thief of Financial Joy: Understand how to stop the endless cycle of comparison and start focusing on your unique financial journey.
ACTION STEPS MENTIONED
Take on the 30-Day ‘Want vs. Need’ Challenge to become more aware of your spending habits.
Schedule a Weekly Money Date to reconnect with your finances in a positive and enjoyable way.
Start a Gratitude Practice with a Money Twist to shift your mindset from scarcity to appreciation.
Reframe your money story by writing down your current beliefs and rewriting them into empowering, abundance-focused statements.
CONNECT WITH SHANNAH
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SPONSORS
Thanks to Money Picked for sponsoring the show. To schedule a FREE meeting to figure out your next financial steps, go to http://www.moneypickle.com/etm).
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Thanks to Mint Mobile for sponsoring the show. To get your new 3-month premium wireless plan for just 15 bucks a month, go to http://www.mintmobile.com/ETM) .
Thanks to OneSkin for sponsoring the show. Get 15% off OneSkin with the code ETM at https://www.oneskin.co/)
Thanks to Quince for sponsoring the show. Go to http://www.quince.com/etm) for free shipping on your order and 365-day returns.
Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com).
Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM).
Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm) and use code ETM to get $20 off your first order.
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