HOW NEGATIVE SELF-TALK CAN DESTROY YOUR FINANCIAL FUTURE

“I’ve never been good with money.”

“I hate budgets.”

“I’ll never be a 6-figure earner.”

“My market won’t pay premium prices.”

If you’ve ever heard these statements come out of your mouth—or even in your head—then you’re engaging in a damaging habit known as negative self-talk. By telling yourself these lies (and yes, they are lies) you’re reinforcing the beliefs that go along with them.

What you visualize and believe is what becomes true.

Tell yourself that you’re not good with money, and you won’t be. Believe that budgets are horrible chores to be reviled, and you’ll resist creating one. Convince yourself that you can’t earn a 6-figure income, and you won’t.

It’s not “the secret.” It’s a scientific fact. Known as a self-fulfilling prophecy, this kind of self-talk results in poor performance simply because we act as if it’s already true.

If you tell yourself that you’ll never be a 6-figure earner, you will not do the things that 6-figure business owners do. You won’t work to grow your mailing list (“No one reads my emails anyway”), you won’t increase your coaching rates (“It’s not like I’m some top-earning coach”), and you won’t build a brand worthy of a 6-figure income (“A beautiful brand isn’t necessary at this income level”).

By contrast, if you act and think as if you already are a 6-figure earner, you’ll approach your business quite differently. Your confidence level will increase. You’ll present a very different brand to your prospective clients. You’ll go out of your way to connect with those who can and will afford to pay your higher rates.

How to Combat Negative Self Talk

The first step toward changing your negative self-talk is to simply acknowledge that you do it. Tick a mental checkbox every time you catch yourself making negative statements, whether out loud or in your head.

Make a note of the ones that come up most often for you, and identify their origin if you can. For example, if your ex-husband continually berated you for your spending habits, chances are your “I’m no good with money” mantra can be laid right at his feet. It’s time to turn that thinking around.

The next time you catch yourself saying “I’m no good with money,” take a minute to recall 5 instances where you were good with money. Maybe you paid off your credit cards or saved for a house or built an emergency fund. Rephrase your self-talk to, “I used to be bad with money [if that’s true], but now I make smart choices to achieve my goals.”

Just as negative self-talk becomes a self-fulfilling prophecy, so does positive self-talk. Reframe your thinking, and your business finances will certainly improve.

GETTING CLEAR ON YOUR BUSINESS AND LIFE GOALS

If there’s one thing that keeps people stuck, it’s a lack of clarity.

You know you want to quit your soul sucking day job in favor of the freedom of self-employment, but you aren’t clear on the steps to take.

You want to take an exotic vacation, but you aren’t sure where to go—or how to make it happen.

You want to grow your business, but aren’t even sure what that means.

The truth is, with ambiguous “goals” such as these, in five or ten years, you’ll still be stuck right where you’re at today.

But with a little clarity, you can achieve any goal you can conceive—and even some you cannot yet dream of. And the first step is to simply visualize what you want.

How Vision Boards Work

A vision board is a planning tool that allows you to unleash your creativity and daydream in a tangible format. By collecting images that represent your biggest goals and keeping them within sight, you’ll be better able to focus on the next steps to take to reach them.

Not only that, but vision boards can serve to keep you inspired when boredom strikes (as it inevitably will), and remind you of why you’re working so hard when all you want to do is take a nap.

How to Make a Vision Board

Creating a vision board is easy—and fun! You can create yours with paper and other art materials, or digitally using one of many online apps, Pinterest, or even Microsoft OneNote or Evernote. While digital boards are definitely more portable, physical boards are often more inspiring. There’s just something about engaging all your senses that makes a tangible vision board more effective.

To create your board, start by collecting images that represent your biggest goals and dreams. Photos from a favorite family vacation, ads for an expensive dress you want to buy, a playbill for a Broadway show you want to see, or even a dollar figure representing your desired bank account balance are all good ways to visualize your goals. Add them to your new vision board.