Money is a topic I’ve never talked about on the Red Fairy Project. It’s a taboo subject for many and yet it’s an important part of everyone’s life. It can be a source of happiness but also of major anxiety. The reason I’ve decided to feature this topic on the blog is because when used wisely, money can be the source of great inspiration. How? Because it allows for FREEDOM and freedom is a crucial catalyst for creativity, inspiration and self actualization. I will share a bit of my personal money story in an upcoming post but first, here are the 10 key financial lessons I learned from Money and Mindfulness, Lisa Messenger’s latest book.
#1 Money buys you freedom, choice and, more often than not, a platform to make a difference in the world.
#2 Our money mindset is created during childhood. From what we hear and see from our parents. We must be aware of any limiting beliefs we might have taken on in order to change them.
#3 Time is our greatest commodity and in certain cases, it’s well worth spending money in order to focus on what truly matters.
#4 Set clear and specific parameters for your financial goals. Establish a dollar amount, a time frame, where it will come from and what it will be used for. The more specific you are, the more powerful your visualization will be and the likelier the outcome is.
#5 You will rarely regret spending money on purchases or experiences that support your life purpose, ethos and ethics. Ex: If you prioritize health, hiring a personal trainer once a week can be a wise investment.
#6 Always check your intention before making a purchase. Will it truly enhance your life and boost your health, happiness and productivity? Or will the thrill be gone in a couple of weeks until you have to spend money again to fill a certain void? Make sure you aren’t buying from a place of ego or stress.
#7 Financial buffers are your best friend. Unexpected expenses always occur in life so if we don’t plan for them we can get ourselves in a real jam. Create an emergency fund account that you only tap into when truly needed (ex: car breaks down, roof starts leaking, major dental work, etc)
#8 What you focus on expands: if you focus on lack, you will attract more lack. Keep a careful eye on your mental and verbal dialog and notice the stories you tell about money.
#10 Allow money to drive you but not to guide you. Allow it to fuel your mission but not shift your ethos. Money should motivate you but it shouldn’t push you towards decisions that aren’t in line with your core values.
I want to thank Lisa for being so honest in this book and for sharing her precious life lessons about money. It was brave to be so open and I know she did it because it will benefit so many people. I highly recommended this read as it can serve as a first step to be more money mindful, meaning understanding why your finances are in the state they are and what can be done to improve them.
Purchase Money and Mindfulness (price AUD $29.95 + $25.00 shipping to Canada)
Here’s Lisa signing the first copies of the book, one of which was sent to me all the way from Australia! She also has two other amazing books: Daring and Disruptive and Life and Love (links to Kindle editions).