Starting with this current CURBS Cohort, I thought it would be fun to share a few takeaway’s from our weekly live group calls! This way, you can get an idea of what we discuss, learn, and do .. and I believe you will pick up valuable nuggets along the way!
In CURBS, we start the journey with working on the mindset of money. It’s a popular topic, but I approach it in a unique way. I actually spend very little time on mindset because the truth is, mindset has little to do with creating wealth…
Instead, I teach my students the skill of money because when you develop the skill, your mindset will follow suit!
When I talk about the Mindset of Money, I break it down into 3 parts:
Your Psychology of Money.
These are the deep-seated subconscious) feelings and beliefs you have about money. If you’ve never taken the time to explore these feelings, it’s very likely that you are still running the programs that you adopted from your parents. An exercise you can do is to ask yourself these questions:
What did I hear about money growing up? (what did my parents say?)
What did I see about money growing up? (what behaviors did I witness?)
Was money a safe and secure subject? Or, was there a lot of fear and insecurity around money?
Your Philosophy of Money.
This is your fundamental narrative about money that ends in an ‘ism.’ If you haven’t taken the time to establish your own philosophy, you likely have adopted the cultural philosophical mindset: consumerism. This follows the belief that “more is better.” Consumerism is the antithesis of wealth creation. Essentialism and minimalism are more wealth friendly.
Your Relationship with Money.
You have a healthy relationship with money. Or you don’t. If money is a thing you avoid, delegate, abdicate, ignore, or procrastinate you’re in a dysfunctional relationship. Dysfunctional money doesn’t beget wealth.
But wait, there’s more! If you work for yourself, there is an additional layer to consider: the Entrepreneurial Money Mindset. It is distinct and comes with some great positives. But, unchecked, it also comes with serious limitations.
Entrepreneurs love to create and are willing to bet on themselves, which takes a certain level of confidence and risk tolerance. They’re motivated by making money, which is essential for success. However, this motivation can also lead to a dangerous mindset of “I don’t need to worry about money because I can always make more.”
This mindset is a wealth sabotager!
Another common mistake is when entrepreneurs abdicate (give away responsibility) the money in the business. They focus on creating, selling, and growing the business, but they don’t track or manage the money they make. Ask them about their product or service and they’ll light up. Ask them about their P&L, their face drops and they’ll say, “I’ll have to ask my bookkeeper.”
This proves itself out when I ask entrepreneurs how much money they paid themselves last year. Most have no idea. When I drill for some answer, I most often hear, “enough to cover the bills.”
In summary, we talked about how a healthy money mindset goes way beyond just “scarcity or abundance,” which is what’s most often discussed. It’s a money mindset that is chosen and built to create a specific type of abundance called wealth. And wealth my dear readers is what you want. Because wealth equals freedom.
So there you have it – a little taste of what our CURBS students learned last week.
Now, as much as I was hoping to see your face in this class, I do want to tell you how much we appreciate your support. You may not have jumped into this class, but just by being part of our community, you’re helping us spread the word about the importance of financial literacy and responsible money management.
And who knows? Maybe you’ll decide to join us for our October class.
Like our student, Dan said, “CURBS changed our life!! Don’t hesitate if you haven’t already!”
Or take it from Angel, who said “CURBS has changed the trajectory of my life! I’ve gone through it twice so far and will probably do it again. I learn something, and get closer to my financial freedom every single time i hear this dynamic duo speak!” Angel”
Or even from Sheue, “I’m just so grateful and relieved to know there is a way to secure our future and enjoy our current life at the same time. CURBS is the greatest gift of 2022, thank you again. “
So, thank you again for being a part of our community. We couldn’t do it without you.
I truly appreciate you taking the time to give the gift of your readership <3. In a world full of distractions like Facebook, Instagram and Tik Tok, it’s refreshing to know that there are still people out there that love to read!
And if you ever have any questions or just want to chat about all things money, don’t hesitate to reach out. We’re always here for you.
Comment your takeaways from “class” below!