Building an Impeccable Relationship with Money

A Guide for Women Entrepreneurs

Money is a huge topic and its issues are often hidden under the surface, in our subconscious. Our relationship with money is created over time and can be inherited by parents and educators, or formed as a psychological response to trauma or adversity.

In fact, it’s one of the three key areas of life according to various psychological theories and research.

Food, Sex and money

The pursuit of food, sex and money are deeply embedded in our human behaviour.

Money helps people get what they need, giving them the ability to take care of different things. It’s also tied to power, status, and independence, shaping how secure and confident they feel.

Mindset vs Skillset

Mindset is as important, if not more important, than skillset and strategy.

If you don’t believe you deserve it or are capable of making the targets you want, it will be extremely hard if not impossible to hit them.

After 18 months of working on my relationship with money with a money coach, here is my main takeaways to help you explore your journey and nurture the areas you didn’t even know needing nurturing.

Your Relationship with Money Deserves Attention and Care

Let it be a reflection of your inner worth and a testament to your resilience and vision as a Woman Entrepreneur.

The Foundations

Your relationship with money plays a vital role in shaping both your business and personal life. However, delving deep into financial management isn't just about numbers and budgets—it's about creating a mindset that empowers and supports you. This journey begins with exploration and discovering where there might be some fears around money. How do you currently see money and what emotions does it bring up when there’s not enough or plenty in the bank? Both can trigger uncomfortable feelings.

Handling Resistance

Your subconscious can be your biggest saboteur, sneakily crafting obstacles and doubts, especially when you're on the brink of financial breakthroughs or planning significant investments in your business. It’s common to experience resistance when you’re integrating new financial strategies. When resistance surfaces, remember your commitment. Connect deeply with the reasons behind your financial goals—what changes they’ll bring into your life and how they align with your values and vision. Resistance is a natural reaction, but it's also a signal that there's something valuable on the other side—embrace it as an opportunity for growth. All the good things happen on the other side of discomfort.

Identifying Triggers

Financial triggers are not just about money, they reflect unhealed aspects of ourselves. When you find yourself triggered by financial decisions or discussions, use this cue to explore personal issues that might need your attention. During my exploration with money I noticed I wasn’t allowing money to support me on some level. And this mirrored my drive to do everything on my own in other areas of my life, when I found it hard to ask for help. The moment I became aware of this pattern, I was able to try something different and seek and accept help from others and money. Be aware of every financial decision you make as a reflection of a broader personal healing and empowerment journey, rather than just a transaction.

Setting Up for Success

Your mindset about money significantly influences your financial outcomes. Notice how you perceive visibility and recognition within your community or network, on social media or in professional groups. Feeling unseen can lead to constructing invisible barriers around yourself which can limit your financial success. It’s uncomfortable work but spending time acknowledging how you feel in this area and addressing these feelings means they don't restrict your growth.

Financial Goal Setting

A lot of entrepreneurs and solopreneurs shy away from setting specific financial targets. But setting a specific goal is important because it sets a clear direction for your business and a compass for your mindset. Define what you aim to achieve—maybe this is a monthly revenue figure, a specific profit margin, or how much savings you want at any one time. Keep revisiting and refining these goals. Good quality goals should stretch your capabilities but also remain achievable so that you stay motivated.

Practical Tips

Write your financial target(s) somewhere you can see them. On a post-it on your desk or on a ‘sticky’ note on your computer desktop. This will keep it at the forefront of your mind.

Another great tip for staying aware and focused on your money intentions is if you feel resistant to them, to close your eyes and visualise yourself physically moving towards this target. Slowly, step by step, allowing yourself to feel and accept each stage as you get closer to it and then finally arrive there. This practice is great for aligning your physical space and mental focus towards achieving your financial goals.

The Power of Money

Acknowledge that money is not just currency but a form of energy that enables you to turn your entrepreneurial vision into reality. Respect its flow and see that holding too tightly to financial resources can stifle their potential. Instead, focus on smart financial planning that includes giving, saving, and investing, which can increase your capacity for attracting in more money. This might sound a bit amorphous, I know, when I first started this work it took me a while to get my head around it. The best thing I found was to find the words and a way to work with it that made sense to me. Play around with these approached and mindsets, try them on, try them out. And notice what feels good and what doesn’t resonate. It’ll be so powerful when you land on what aligns with your personal values and beliefs. I promise.

Say It Out Loud

Saying your financial goals out loud helps to truly integrate them into your whole self. So that your decisions will all be aligned with getting you there.

Mantras and affirmation also help to nurture an abundant and growth mindset. Saying things like “I am fully capable of achieving my financial goals” or “I openly receive and manage wealth” are really powerful. They will actually reshape your financial beliefs and behaviours.

Your Thriving Financial Future

Building an impeccable relationship with money takes a bit of time and it’s a journey of inner transformation that goes way beyond financial literacy.

It involves aligning your financial strategies with your inner values, looking at potential barriers, and starting daily practices that create that positive financial identity.

As you grow in your financial journey, it helps to refine your strategies so they keep resonating with your evolving goals.

It’s a wild ride, and I’ve loved it so far. Who knew there was so much hidden under the surface on the subject of money?!

I continue to be a work in progress with this topic so I keep open minded, as focused as I can on my goals but also hold my desired outcomes lightly, as we never know the route our inner work will take us. And maybe it’s a better road that we imagined.

💰 Want To Learn More? 💰

If you’re interested in learning more about this, I’m running a Master Your Mind session on the subject in Spring 2025.

📩 Sign up for the waitlist here to receive all the details nearer the time and how to book.

Written by Kate Greenslade, PCC

Click here to find out more about working with Kate.