The Mind Your Business Podcast

Episode 746: How to Get Good with Money: Rewire Your Body for Abundance (and Why Mindset Isn’t Enough) with Kate Northrup and James Wedmore

Apr 7, 2025

Kate Northrup, an author and entrepreneur, joins to discuss the deep-seated emotions surrounding money and the importance of nurturing a healthy financial relationship. They delve into how trauma can shape money beliefs and urge listeners to break free from scarcity mindsets. Kate shares her own journey of recognizing unhealthy patterns with money. The conversation emphasizes emotional regulation, personal growth, and creating a financial 'home' rooted in safety. Kate also introduces a workshop designed to help transform your money mindset and enhance financial literacy.

01:00:44

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Episode guests

Kate Northrup

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Episode notes

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Quick takeaways

Entrepreneurs often struggle with money-related stress, emphasizing the need to foster a healthier relationship with it for business success.

Healing emotional baggage tied to money, rather than simply earning more, is crucial for cultivating a fulfilling financial experience.

Recognizing one's position on the financial dysregulation spectrum allows for balanced decision-making and healthier financial behaviors.

Deep dives

Healing Your Relationship with Money

Many entrepreneurs struggle with their relationship with money, often viewing it as a source of stress and anxiety rather than abundance. It is emphasized that having an unhealthy relationship with money can hinder business success, as issues around pricing, selling, and expenses are pervasive. Healing this relationship involves recognizing the emotional baggage tied to money, which Davis highlights as common among individuals. By adopting a neuroscience-based approach, people can begin to unravel and reprogram their existing money narratives to cultivate a healthier mindset.

Intro

3min

Rewiring Money Mindsets

14min

Mindset and Money Management

21min

Wealth vs. Happiness: Finding Balance

6min

Breaking the Cycle of Reactive Launches

2min

Building a Secure Financial Home

9min

Transforming Your Money Mindset

7min

As entrepreneurs, money impacts every aspect of our businesses, from pricing, team expenses, taxes, and more. But true success goes beyond just having money; it's about fostering a healthy and abundant relationship with it. My special guest today is none other than Kate Northup, who is back on the podcast to talk everything money and how to heal your relationship with it.

In fact, it’s almost impossible to have a thriving business without being good with money and keeping a focus on your relationship with it, which is what makes this conversation with Kate such an important one to be having!

As we mention in this episode, Kate is hosting a stellar free training masterclass starting April 17th that's designed to help you begin to heal and transform your relationship with money. This is absolutely essential for every business owner and every entrepreneur, and I'd love to invite you to participate. You can register now to experience Kate's amazing transformative process at www.jameswedmore.com/money!

Before you go, snap a screenshot of the episode playing on your device, post it to your Instagram Stories and tag us, @jameswedmore @jeunejenni and @katenorthrup. We’d love to hear what resonated with you the most.

In this episode you’ll hear:

That everyone has money issues and the deep-seated feelings it often brings up in us
Kate’s personal realization that led to recognizing her unhealthy patterns related to money
How behaviors with money are not always logical and often stem from a person's nervous system
A reminder to separate your self-worth from external validation and the role that feeling safe plays in this conversation about money
How most of us were not taught how to fully process emotions in the moment, leading to accumulated stress that negatively impacts our financial behavior and decision-making
Why it’s important to challenge the common belief that more money equates to more happiness
Whether or not it is possible to reach our full earning potential without healing our money trauma
What you can expect by attending Kate’s upcoming free money healing experience and who this training is for