We coach people to
solve emotional problems and limiting beliefs to
and to build success based on healthy relationships.
Money, we are told, makes the world go around. Has your
world stopped spinning? Some people say that money talks. Does your
money have a speech impediment? If you can make enough to pay your bills
... what stops you developing wealth?
Success is 10% inspiration and 90%
perspiration. Thomas Edison
Maybe you have read too many articles and
books on success ... how is it possible that you know so much and you are not
so successful? Are you following your parents? Do you have limiting
beliefs? Are you waiting for someone's permission? What else are you waiting for?
Martyn, you saved me a lot of money in my
first session! I described my dream car, a new Mercedes. You asked me what that car
would that give me, and I replied self-esteem. Then you asked, "If
you already had self-esteem, would you still want that car?" Perhaps smoke
came out of my ears! Of course not! So we focused on how I can impress myself
rather than impress other people. Germany
Consider the people you know who have more money than you.
How do you explain their success? If you like them ... well, they're smart
and they work hard. If you don't ... well, they were just lucky.
Luck happens when preparedness and opportunity
meet. Seneca (50AD)
Making money often sounds easy. Just buy low and sell
high. Just have a good idea and market it. Just build a better mousetrap,
write a better search engine or develop a better recipe for chicken batter.
But it's not that easy. Although a few people do appear to be lucky,
making money usually takes a LOT of preparation, work and the ability to
Stopping What Stops You
Why do you want to be rich? To consume more? To buy things
you don't need to impress people you don't like? Because of cradle-to-grave
marketing? Perhaps you want to give your children what you lacked? Identify
your motivations and you may identify your objections to making more money.
The most common excuses we hear are not enough spare time or
not enough starting money ... but under these excuses are usually unpleasant
emotions, limiting beliefs and unhappy relationships. Few helping professionals seem
to help people change their self-sabotage and procrastination.
Strangely, many of those professionals also ignore their own self-sabotage!
Here some things that we find stop many people becoming
successful. Later, we can look at practical ways to develop wealth ... effective
tools IF you first resolve or change your blocks! Here are some very real common
- Anxiety: do you fear failure ... or
do you fear success?
- Mentor damage: do you feel damaged
by previous advice?
- Guilt: did someone suffer because of
your action or lack of action?
- Depression: would being affluent make
sense? (usually a relationship issue)
- Perfectionist: does every detail
have to be perfect before you can take action?
- Mentors & role models: are
your role models real successful people or actors?
- Relationship bonds: do you feel
connected to an important relative by shared poverty?
- Poor relationship skills:
do you know how to build and maintain healthy relationships?
- Limiting beliefs: do you feel that
a horrible idea is true, even though you know it is false?
- Confused responsibilities: do you
treat a parent like a partner or a sibling like a child, etc?
After you have procrastinated your procrastination, limited
your limiting beliefs, sabotaged your own self-sabotage and you generally feel
good in your own skin ... the following outline makes sense to us ... and the
internet is full of other plans. Many plans can work if you stop sabotaging
essential that people invest in themselves to make money and to enjoy that
Many people who won't take risks begrudge those of us
that take risks and get a payoff.
Unless you already have money, making money can be difficult!
Have you heard that the first million is the hardest?
When you start accumulating wealth, it's easier to save if you already
have enough money to live well! If you are getting started:
- If your income is low, saving some percent of
a low income creates capital slowly ... and it is a lot better
than not creating capital at all.
- You probably won't gain practical investing
knowledge until you've been investing for years ... and you can
learn a huge amount from successful investors.
- Many opportunities require more money than you have
... start where you can.
- Accidents can delete savings ... create
contingency plans for predictable crises.
- Insurance is often more
important when you are getting started.
1. Your Assets and Liabilities
What puts money into your bank account? What takes it
out? Is your home a liability or an asset? Do you put more money into
it than you get out of it? Can you invest saved money into interest-generating
or royalty paying stocks, patents, mutual funds etc?
Design a future where your assets make money!
(Goal setting may be a waste of time if the goals are so
challenging that people feel demoralized. Useful goals are realistic and
achievable ... ideally set with the help of a suitable coach.)
2. Your Career Path
Although marine biology is a fascinating science,
I have met marine biologists who were selling hot dogs to make both ends
meat (ouch). There are just not that many positions for marine biologists ... except
perhaps educating other young idealists to become unemployed scientists.
Where does your career path lead? Look at your
bosses and their bosses ... is this where you want to go? How many other people
are competing for the same promotion? Is it time to switch careers?
Research occupations and find out how much they pay and
their future outlooks. It's probably not a good time to specialize in
candle-making or typewriter repair, not matter how much you may enjoy them.
Choose an interesting occupation that pays well,
and invest in your education or training.
3. Mend the Holes in your Pockets
Increased income may not mean increased wealth. We know
many millionaires, and few have mansions and Ferraris. Many people who flaunt
their wealth often have a low net worth and a high debt to asset ratio ...
that is, they owe more money than they have. If you live below your
means, you can invest your saved money into more assets, rather than increasing
4. Time is Money
Albert Einstein's relativity theories do not include that time
actually does equal money. This formula is attributed to Benjamin Franklin, an
American scientist, inventor and diplomat. The ability to manage time (and
procrastinate procrastinating) is an essential ingredient in making money.
Time is a limited resource. Record what you spend your
time on. Explore "which of you activities make the most money and which
waste time?" Then do more of the former and less of the latter.
When you focus on high-priority tasks, do the job well and quickly. If
you give your employer or clients more time, they'll
probably appreciate that.
5. Vacation & Time Off
Holidays are a conflict for many self-employed people ... they may
desperately need a rest but they don't want to waste time. In Europe four weeks
of paid holiday is normal ... and in America eight days is normal.
Holidays can keep you happy and productive. Consider taking
holidays before you need them so that you can better enjoy your time off.
Sometimes a change is as good as a rest.
6. Charge Appropriately
If you provide a skill, service or product that is in high
demand and low supply, and you're making the most of your time, you should make
good money. Yet many people are too fearful to require that they be paid
appropriately. They are exploited of course, the normal price of obsessive
If you work for someone, research how you can get a pay raise
or a promotion, or check your career options. If you're self-employed,
ensure that your customers and clients pay on time (this can improve your
income). Check your prices and rates against your competitors. If you're
providing a superior product or service, charge at least the average fees.
Suggested Steps to ANY Success
- Evaluate and clarify your relationships
- Find and stabilize your experience of integrity
- Define goals, manage objections & plan for success
- Dissolve emotional trauma and rebuild your motivation
- Dissolve limiting beliefs and enjoy healthier relationships
- Recover identity loss; missing qualities, expertise and skills
- Repair mentor damage and search for inspirational mentorship
- Couple, partnership or team coaching ... improve your co-operation
Your goals will probably change as you clean up
your conflicts, your emotions and your relationships. Goalwork is
ongoing throughout our coaching. Just because you wanted something as a teenager
or even last year
doesn't mean you still want it now.
Contact us to clean up your emotional and relationship issues.
Online Life Coaching,
Counseling & Soulwork Training
I thought you were just
another therapist - but you were not just. Not even. Not only.
Plagiarism is theft. Copyright ©
Martyn Carruthers, 2009-2017 All rights reserved