Overcoming a Scarcity Mindset Around Money Is Self-Care w/Chelsea Brennan
In over ⅔ of US families, women manage the household budget. While we’re good at the budgeting aspect and making sure everything is good month-to-month, we often struggle with long-term planning, thriving, and creating financial freedom.
Money is tied into absolutely everything we do, and when we have kids, this is amplified. We have to provide for them, but we also have to teach them to nurture a healthy view of money. This starts with us and what we believe and put into action financially.
It’s impossible to teach a healthy financial mindset and be effective at our financial planning if we have underlying limiting beliefs and a scarcity mentality around money.
If we can get control of our money mindset and align our money with our values, we’ll be able to afford the things we want in our lives and plan for the future.
How do we overcome the financial hang-ups, fears, and mindsets that hold us back? What are the things moms need to know about money and how we talk about it with our children?
In this episode, I’m joined by the founder of Smart Money Mamas and the online summit, Mamas Talk Money, Chelsea Brennan. We discuss the upcoming 2020 summit, and how we can cultivate a thriving money mindset.
When our kids grow up hearing “we can’t afford that”, it creates a scarcity mindset. -Chelsea Brennan
3 Things We Learned From This Episode
- How to create an empowering, thriving money mindset
Many of us feel a sense of helplessness around money, and that we aren’t in control of it. Even if we aren’t financially stable yet, it’s important to remember that we have autonomy in our choices with money. If we feel like our financial circumstances just happen to us, we’ll never be able to empower ourselves or our children.
- Why money is a form of self-care
On a societal level, women have been conditioned to not value things that benefit us because we’re often so focused on taking care of everyone else. The side effect of this is a deeply ingrained scarcity mindset around money. By overcoming it, we can get rid of our mental and emotional blocks around money and allow it to be a positive in our life, not a negative.
- The impact of a negative money mindset
Our budgets won’t work if we’re still viewing and relating to money through the lens of scarcity and struggle. No money strategy can overpower an underlying limiting belief. If we want to improve our money situations and teach our children the right lessons about it, all our strategies have to start with how we think and feel about money.
Chelsea is the founder of Smart Money Mamas and the annual online summit, Mamas Talk Money. An ex-hedge fund manager turned financial educator, Chelsea helps moms connect with all aspects of their money in a way that lets them overcome emotional blocks, identify what they most want, and create the healthy money habits that will help them achieve their goals while modeling positive money relationships for the next generation.
For a free ticket to Chelsea’s online summit, Mamas Talk Money visit https://boss-mom.com/money
Check out Chelsea’s money quiz HERE
(NOTE: The links on this page are affiliate links)
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