The Money Podcast 9 Common Money Hangs Ups (& How to Cure Them)
If you want to learn about the common money hang-ups and how to cure them? this episode is for you. Catch Rob Moore as he discusses nine of the most common hang-ups around money and shares with you the way you can solve them.
KEY TAKEAWAYS
Common money hang-ups.
- Number one; staying in a relationship, partnership or dependency because you fear not having enough money. Many people have become comfortable relying on or trapped in a partnership or relationship where they are not the main money earner. Over time, they build the belief that they can't earn their own money without the partner and they get themselves stuck.
- Point number two; never spending it through fear of not having it or losing it. The world will give more to a giver and money needs to flow to function fully. Sometimes you have to invest and speculate to accumulate, sometimes you have to spend a little more to attract even more.
- Number three; accepting low money standards. If we have low self-worth, we may accept low money standards, such as taking work that is beneath us, a salary that doesn't match our skills and experience or doing free or cheap work for other people or companies that makes no profit or worse a loss.
- Number four; money related extreme emotions and addictions. We tend to spend money on things we value the most and our values are often areas where we have voids in our life that we are trying to fill.
- Number five, association with money you inherit, borrowed or get gifted. If you come into money you didn't earn, once you have the money, you don't have the education and experience gained earning the money. People can feel a great sense of fear and responsibility managing money borrowed, gifted or inherited.
Solution. The solution to these two opposing extremes associated with money you didn't earn is to act and behave as you did earn it, treat it with the utmost respect, take responsibility to learn and manage and master money.
- Number six; spending on others to buy their love and attention or to heal them or yourself. Many people desire to be liked or loved, we crave the attention we need the healing of ourselves through the love of others.
Solution; You do other things to get people's love like acts of kindness, acts of help and support and non-material things which may have even deeper value.
- Point seven; if I have more others will have less. People say that the rich take from the poor and those that have vast amounts of money are depriving others of it and many people don't want to feel like they're taking from others and so unconsciously push money away from them. That’s not the case because money tends to flow from those who value at least to those who value it most. The rich get richer, despite getting taxed and generating commerce and economy the most, the reality always is that money will find its way back to those who know how to manage it, master it, create and produce and offer value in exchange for it.
- Number eight; not good receivers, so don't receive more. Many people are not good receivers of money. They have fierce independence and feel like they have to be in control of everything themselves and never receive any help and they may see receiving as a weakness or they may have built around receiving money from others in the form of gifts, loans, salaries and fees.
- Number nine; people give it all away through guilt, shame and lack of deserving. This can be in the form of charity, donations, overspending on others, lack of budgeting and emotional or addictive spending.
BEST MOMENTS
- “If you know a partnership or relationship is wrong, do not trap yourself in it forever because you feel you have no other choice.”
- “Know that money is an abundant, almost infinite resource and know that you have unlimited earning potential if you know your own worth and learn to manage and master money.”
- “The world will give more to a giver.”
- “Sometimes you have to invest and speculate to accumulate, sometimes you have to spend a little more to attract even more.”
- “You have to give to receive.”
- “People often use spending to alleviate pain, whether that's retail therapy to calm or suppress emotions, or for the thrill and exhilarating experiences.”
- Money tends to fuel and exaggerate things and it will make you more of who you already are.”
- “Money tends to flow from those who value at least to those who value it most.”
VALUABLE RESOURCES
The Money Podcast with Rob Moore
- https://itunes.apple.com/gb/podcast/the-money-podcast/id1358672174?mt=2
- https://www.stitcher.com/podcast/progressiveproperty/the-money-podcast
- https://robmoore.com/the-money-podcast/
ABOUT THE HOST
Rob Moore is the author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
LinkedIn: https://uk.linkedin.com/in/robmoore1979