2 Steps to Shift from Money Fear & Stress to Gratitude

How do you shift from stressing about money to gratitude, JOY and freedom? That may sound impossible, but it's not. It just takes time, energy and of course: FOCUS.

If you're feeling unhappy about your money situation and there may be very good reason - a job loss, divorce, downsizing, overwhelming debt, finally let your house go into foreclosure, it may sound impossible to feel you'll ever be ok again.

But, you can be and the answer is part perspiration and part inspiration.

Step 1:  Let's tackle the fear first:  

1) Write down all the money fears you have on a piece of paper that you'll throw away. Go on - do it and do it now.

2) Feel the fear - I know this ain't fun, but "feel it to heal it" is a truism and it only lasts a minute. Notice where you most feel the energy of the fear in your body. Rate the fear on a scale of 0-10 with 10 the worst. Breathe into your body for a few minutes feeling it with the in breath and releasing the fear with the exhale. Rerate the charge of the anxiety on a scale of 0-10 again.  Better? Little shift? Repeat until the number down enough to feel relief.

3) Now, if you're ready, ask - what's the blessing of this situation or money fear that I'm having? As soon as we gain perspective because we're not so caught up in the emotion, we can THINK better and be aware of any blessings. When we're deeply IN the emotion we can't think.

4) If you can't go there yet, it's ok.  Think about and FIND at least 3 things in your life you can be grateful for right now - List them, feel the gratitude and imagine you have a REMOTE control in your hand that you can dial the number up to increase the FEELING of gratitude in your body and mind.  Raise the number as much as you'd like. Repeat this process until you feel complete - may take a few days to weeks. We're all different in terms of how willing we are to let go of the past. When you're ready go back to Step 3 and find the blessing of the money challenge.

Step 2:  You know how you read in Oprah Magazine and many other places, about how important it is to be GRATEFUL? Do you know why? Fear and stress lower our energy, depress us and disempower our ability to focus on what we want to create in our lives. Gratitude, love, happiness increase our energy state and therefore increase our ability to see possibilities, focus on what we'd like to have more of in our lives and very important - REFOCUS when we lose our momentum and or stuff happens - and we all know stuff happens to all of us.  

A very simple formula is to write down 3 different things you're grateful for every day. I like to do so at the end of the day. Writing it down cements it into your subconscious and then you take those positive feelings into sleep where your subconscious works with it to help you create more of what you want.

If you get stuck on the fear and this is like any CHANGE process - it takes time to RETRAIN the brain (our most powerful instrument) say the words out loud:  CANCEL  CANCEL and then think about the opposite of the problem you were thinking about.  For example:  I don't know how I'll make payroll.  CANCEL CANCEL and think or say:  I know I'll find a way to make the rent.  Repeat. Repeat. Repeat. Your subconscious will start looking for solutions.  

Resources about this subject:  FREE Monthly Webinar: December's 3 Keys to Turn Holiday Stress into Peace/3-keys-to-holiday-peace  Lynn's Money Coaching Programs, Wayne Dyer:  Wishes Fulfilled, (CD with James Twyman excellent meditation), Esther Hicks material, Jack Canfield or Mark Victor Hanson.  

More Money Will Make You Happier?

More Money Will Make You How Much Happier?  There is so much pressure in our society to always go after MORE, more, more money. Addictive, anyone?  

But, research shows that after someone’s earning $75,000 a year, more money, even a lot more, doesn’t make them any happier. Well, a little bit happier – about 9% happier.

So, if it’s not true that MORE money will make you happier, what is the truth? According to Happy Money authors Elizabeth Dunn & Michael Norton, (two Harvard professors), there are 3 keys to being happier with your money: 

1) Buy experiences vs. stuff. When students were asked to think about 4 material purchases and 4 experiential purchases and to draw circles and place those circles around a larger circle called SELF - depending on how closely linked each purchase was to their sense of self, the experiential purchases won hands down as being more important.

2)  Make it a treat & SAVE money. If you go to Starbucks every day and spend $5.00 it’s expensive and it’s less of a treat than 1x a week. Try this:  Try limiting your visits to 3x a week or 1x a week for that special latte. and drink regular coffee the other days.  I tell my 5 year old granddaughter Shelby that she can have 2 Hershey kisses after her nap – she looks forward to those and enjoys them thoroughly and rarely asks for more.  Treats have Value. Bonus: How much $$ can you SAVE a week with just that simple adjustment?

3) Buy Time:  One stressed, over-working mother of two children, hamsters and hubby bought a Roomba to help with housework. The $300.00 purchase saved this household time in cleaning and stress. 

Time Affluence: Everyone feels overly busy and you may be shocked, as I was, to hear this bit of research, but the time crunch is due in good part to financial prosperity. In general America is wealthier now than 50 years ago. “Wealthier individuals spend more of their time on higher stress activities shopping, working and commuting." 

”TIME SCARCITY”: increases the value of what’s perceived as scarce: As incomes rise, time seems more valuable!!

The authors recommend not using money to get more time, but to value happier time as an end in itself. Switch the focus from making more money to having more time. Ah...feel better?

Financial Struggle Can Become Desperation: How to Help

Financial struggle can become desperation and did with a friend of mine. About a month ago, on a Tuesday morning I got the kind of call you never want to get. A woman friend had ended her life over the weekend. I was shocked and the news hit me hard. While Deb and I hadn’t been living in the same area for years she always lived in my heart. Because of the economy the last few years, we knew Deb had, like so many others been struggling financially.  

Laid off from one job she had a great deal of trouble finding another. She was skilled, but over 50 and if you think ageism isn't happening, you're wrong.  Rumor was she may not have always had enough to eat or been able to pay her bills. Then she found another job and things seemed better – until she was fired the Friday before taking her life. I can only imagine the fear, perhaps embarrassment,  and hopelessness Deb was feeling at that moment. And, then she made a decision many make in the moment of desperation. 

But, Deb is not the only woman (or man – perhaps even harder for men to reach out to get help) suffering financially and suffering with the guilt, shame or blame of believing it’s their fault.

Over 24 million women were living below the poverty line in 2009

27.5 % of black women live under poverty line

13.5% of white women in 2009

In Nov 2013 in the State of California food stamp and welfare money was cut. One of my clients lost $100.00 a month from her disability and about $30 a month from food stamps.  That's a BIG net loss for someone barely scraping by.

35% of households headed by single moms were “food insecure”

13% of women over 75 were poor compared to 5% of men over 75

Only 40% of women retire with enough money to live on. More women by far retire in poverty than men.

A working wage based on the minimum wage of 8.50 an hour = 17,000 a year – that’s considered below the poverty line.

2010 31.6 % of single women households were poor compared to 15.8 of households headed by single men

How we do help someone who may be in Deb's position? We reach out and past their embarassment or shame with kindness and gentleness by not asking, but just bringing food over for a get together, leaving an envelope with cash for bills, and letting them know we're there for them until they get on their feet again. One person can't solve every problem but a group of friends can make a big difference.  I don't think many knew Deb's suffering - she was very private. We ask our connections and friends about job possibilities and try to support the person through the aloneness of struggle. 

The larger question is how do we change financial struggle and poverty? Think about it and come up with your answers, but here are a few of mine:  

1) We must educate ourselves about money, (there are TONS of resources FREE on the web)

2) Vote our conscience with compassion for those less fortunate

3) Reach out to friends and family if we get the sense they’re struggling more than they are able to say.

4) Collectively: A simple thing we can do is vote for a higher minimum wage to help more people out of poverty. When people are living in poverty they can't spend money on consumer goods as they're able to when more secure.  

Business Success as a Woman: 4 Power Tips

Women & Power = Money (& so much more.) When I use the word power with my women coaching clients, they can act uncomfortable. Why? Because they've seen power used as a method of control or as a power over manuever. The Boss is in control - I have to do what he or she says.  

However, the definition of Power is simple:  To Act.  A recent article in the New York Times: "You Have Power: Don't Be Afraid to Use It," interviewed successful women. 

Here are 4 nuggets they shared about power, how to support yourself and each other and to achieve success:

1) Women can and should help one another and stop under valuing "...the role that we can play in the success of other people and the organization." Amy Schulman, Exective vice president and general counsel, Pfizr

2) Be vocal in group settings and don't make statements that sound like questions. (Women are still trying to prove they belong - men know they do). Amy Schulman

3) Trust your inner soul, use your voice. Cooperation is a great female strength and in groups of men, "...you must speak up and believe in yourself."  Doreen Lorenzo, President, Quirky, a product development company

4) Don't be afraid of being "nice."  Marjorie Kaplan, of Animal Planet, says she manages based on expectations rather than fear. And, if men aren't being respectful at a meeting, for example by not introducing themselves, speak up. Doreen Lorenzo says if you're not being treated respectually end the meeting: "We're going to end this conversation until you listen to me. Don't be afraid to use your power."

(*New York Times "You Have Power. Don't Be Afraid to use It." Oct 13, 2013)

The message from these powerful corporate and entrepreneurial women is quite clear. The corporate culture stlll tends to be traditional, however women are making a difference and need to support each other. All these women are successful, have learned through the school of hard knocks. Be successful, believe in yourself and get help when you need it.

"People Love to Give Me Money" - Obamacare Makes Insurers Pay Refunds

"People love to give me money," is an affirmation I picked up from Chellie Campbell author of The Wealthy Spirit, that I LOVE saying whenever I get unexpected money. I just received a check for $120.00 as a refund through Obamacare.

How? Here's the scoop:  Thank Obama for helping insurance companies be more accountable to us and the dollars they spend. The Affordable Care Act requires Blue Shield (& I imagine every other insurer) to spend at least 80% of the premiums it receives on health care services, not adminiatration or advertising. Since Blue Cross didn't, it refunded 2% of our premium which for me amounted to $120.00. Not a lot, but it went right in the bank for the vacation we just took to San Diego. Yes to vacations!!

"This 80/20 Rule of the Affordable Care Act is intended to ensure that consumers get value for their health care dollars. You can go to: http://www.healthcare.gov/law/features/costs/value-for-premium/index.html  for more info.

I help women in business make more money - keep more of their money - and have fun in the process! Register for FREE Webinar Women's Inner Money Game & How to Win It 

How I Saved $14,000 in One Day On Vacation

How did this Money Coach save $14,000 in one day while on vacation? Sound like a miracle? Well, it sorta was. My husband, Dave and I were on vacation in sunny Escondido at the Lawrence Welk Resort - yes, you heard that right. Lawrence Welk of 60s TV & bubble fame has built a money making resort about 40 minutes north of San Diego. Why did we drive 7 hours to stay there? Because it's child friendly and our grandchildren are joining us so that we can make good on our Christmas present to them - a trip to the San Diego Zoo.

But, let me get back to the big money we saved today. For two full day Zoo passes worth $88.00 we, in a moment of weakness, insanity, fill in the blank, decided it was worth it to attend a - you guessed it -a 90 minute TimeSHARE Presentation. Three hours later, though a bit financially stressed, we walked out as rich as when we met our lovely saleswoman Lynne, a therapist soul-sister, who did everything in her sweet power to convince us that it was "nothing" to add to our 2 timeshares, or trade them in on the NEW even better development of the Lawrence Welk resort - all for only $14,000.

By the time we'd been there nearly 3 hours, we almost caved - we were wearing out and wearing down and the last deal, the smallest deal, the best trading deal was starting to sound good.  (Our math also showed us that the 3 hours we'd sat patiently while Lynne very sweetly described all the glories of ownership was worth between $600.00 - 800.00 of our time by our hourly rates - somehow this helped direct us back to sanity.) As we began to weaken we thought if we just signed the deal we'd get out of there. Dave and I had a private conference and did the figures again and in our regained frugal sanity realized we can do a lot with the $14,000 it would have cost for a week a year timeshare - we can remodel our bathroom, we can upgrade to a larger unit when we go to Mexico and we go every year (of course we already have a TimeShare - doesn't everyone?) 

As Dave and I escaped from the Time Share building, we laughed in relief - we'd just saved $14,000 and we got those $88.00 Zoo Tickets. Here are quick rules on how to keep your money in your pocket if you attend one of these presentations:  Smile, nod, be polite, firmly grip your partners hand and give each other the NO, don't you dare say yes grip as needed, keep smiling and as they present their last option, say please give us a couple minutes and then a sweet, clear and firm NO when the sales person returns. Yes there is disappointment - I hate to say no to a sales person - but your money will be in tact. Enjoy!!

Suffer from Moneychondria - The Fear of Having Money?

Women in business, do you suffer from Moneychondria, the fear of having money?

I know it sounds funny, but maybe you’re more afraid of money than you realize...

Are any of these Financially Stressful things true for you?

* You spend more than you make.

* You “debt,” or consistently run up credit card debt.

*  You under-earn or…

*  You overspend or shop when stressed or anxious

*  You give your money away to children and other “needy” folks and don’t keep enough for yourself – for a safety cushion or retirement.

It’s safe to say many of us have conflicts about money.

Why? We want the American Dream and yet reaching it can prove to be illusive.  After all – how much money is enough? And, how much is too much? 

Get curious instead of furious with your money challenges. Take action to identify money challenges and DO something proactive by creating a PLAN and Specific Steps to move forward.

I help women make more money – by breaking through money barriers to create Prosperity & have FUN in the process. Next FREE Financial Freedom Introductory Webinar for Women in Business Aug 20th /womens-inner-money-game-free/

Next FREE 3 Steps to Financial Freedom Webinar Aug 20 /womens-inner-money-game-free/

Have Fun: Identify Your Money Type & Break Through Money Barriers

Looking at my money could be fun? Ugh is what most of us think. Money is one of those subjects we try to avoid. After all it's uncomfortable to think about how much we owe, or how little our next pay check will be. But avoidance doesn't solve our money challenges and believe me, both personally and as a Certified Money Coach, we ALL have money challenges. This is why it makes good sense to have expert help for women in business.

It doesn't have to be scary learning about our relationship with money. It can be FUN to look at our strengths and challenges by getting to know our Money Types.

For example:  Are you the type who is happy-go-lucky most of the time, but avoidant when it comes to money? You may be an Innocent. Or, are you financially successful, goal driven but a bit of a rescuer? Ah...The focused Warrior is a great worker to have on your side. Or, perhaps you know someone who is self-sacrificing, long-suffering and may give money but with strings attached? I relate to part of this archetype which is the Martyr who also tends to overwork. The clue for me that I'm slipping into my Martyr is feeling resentful. Then I know to pay attention and take a break

By taking the quick and easy Money Type Quiz you'll discover which of the 8 money or archetypes are showing up in your relationship with money. Oh, you didn't know you have a relationship with money? Well, we do and money affects everything in our lives. David Krueger, author of The Secret Language of Money says, "Money is more than just money. It's about everything. Everything we eat, drink, fear and buy; everything."

What we don't know that we don't know about money we can get us into trouble - think credit card debt, foreclosures, short-sales. Knowledge about how we think, feel and behave with money helps to keep us safe, plan for our future, have fun and create financial freedom as we feel more in control of our money.  

Take the Complimentary Money Quiz and receive a FREE 15 minute phone or Skype Consult with Lynn personally to go over the results. I guarantee you'll learn something important about you and your money!!

(*Money Types by Deborah Price - The Money Coaching Institute and used with permission)

Money Stress: #1 Source of Stress for 75% of Americans

Money Stress:  #1 Source of Stress for 75% of Americans?  

True, according to the American Psychological Association. I talk to people every week in the Central Valley of California that are losing their  homes, are upside down with their mortgages, have been "downsized," lost their jobs, filed bankruptcy and are in desperate financial struggle. Many are blaming themselves for their financial problems and feel guilty and ashamed as if it's all their fault.  That's not the whole picture.  (Footnote:  Originally written in 2009 and the home market is improving, but there are still many homeowners holding on to homes and struggling financially, or trying to modify homeloans and financial stress is still #1)

While it's true we are ultimately responsible for the good and bad choices we make about money, it's also true that it's hard to make good decisions about money when we get bad information or are poorly trained in money matters.  We Americans should be paying attention to the fact that the financial institutions have made a LOT of money in the last couple of years. We need to hold ourselves AND these institutions accountable.

2 Keys to Create a Healthier Relationshio with Money:

1) Raise Your Money Consciousness and assess where you're at by asking these questions:

* Do you avoid the topic of $ or obsess about it or alternate between the two extremes?

* Can you talk about $ with your partner?  If not, what's uncomfortable?

* What's your greatest fear about money?

2) Finish Your Unfinished $ Business:

When I was a girl I asked my Dad something about my parents finances and he told me it was none of my "blankety, blank business."  That told me money was a scary subject and better left alone.  It took me a long time to discover that memory and to realize that avoiding the topic of money made things worse.

Think about and journal:  What's my earliest money memory? What's my greatest money fear? How do these positive or negative memories show themselves in my life today?

As we individually work to heal our relationship with money, hold ourselves and our financial institutions accountable, we will shift from being so STRESSED about money and be more confident with our $ decisions.

How Does Your Money Talk to You?

How does your money talk to you? Bob Dylan says: "Money doesn't talk - it screams." Like sex in the 50s or family abuse secrets in the 70s, the subject of money is taboo.  Sshh... Don't talk about your money!!

We don't talk about how much money we make, whether we can pay our bills or not, about the financial stress or hardship we're experiencing. It's embarrassing and we think we're alone, but we're not. There's a saying from the field of psychology, that we're only as sick as the secrets we keep. Money is the last taboo and we need to share our money truths to feel better and move forward.

See if you relate to any of these thoughts or beliefs about money that Louse Hay discusses in her article, "Are You Friends With Your Money?"

* I can't save money

* I don't earn enough

* My credit rating is bad

* Why does everyone else have money?

* Bankruptcy is around the corner

Notice these are all fear based thoughts about money. Because of the economy there's been a considerable fear and negativity around our money. This is actually good if we take steps and not let the fear overwhelm our ability to take action, work diligently to be real about what's going on and take our power back.

The first step out of money fear is to break denial and tell the truth to yourself and your spouse. Make a list of all the money you owe and the money coming in. Create an action plan and look at your list every day while taking daily small incremental steps - pay $10.00 on PGE, talk to the bank, again, send out 10 resumes. Staying on track with an action plan will help you feel more in control.

Financial freedom takes work. You start where you are. It's ok. You're not alone. Tell the truth, make a list, create a plan, take daily small steps, stay conscious of your spending, and don't forget to dream and envision what you want. We need to focus more on where we're going than where we've been or what we've lost. The American Dream isn't dead, but it's been tarnished. It's up to us to shine it up again.