Thanks to a good friend and professional organizer, I was able to speak recently to over 50 of her colleagues at a NAPO chapter meeting. The topic for the evening — how our money mindset drives results – was intriguing to the group because our relationship to money has parallels to our relationship with material things.
To begin the meeting, I challenged the group to organize themselves by hair color. This was fun and easy. Then I asked them to organize into the following groups according to their relationship with money:
- Not earning as much as you want or tend to avoid money,
- Doing fine financially but have a hard time spending or letting go of money,
- Overspending or,
- Feel comfortable with money.
A 2010 survey by the American Psychological Association showed that 73% named money as the number one cause of stress in their lives. We want to earn more, spend less, reduce conflict around money in our families, and feel less anxious about the future – no matter our profession.
Our mindset has a lot to do with it.
Dr. Carol S. Dweck, author of “Mindset, the New Psychology of Success” talks about fixed versus growth mindsets where the view we adopt for ourselves profoundly affects the way we lead our life. (Read more about this in my blog, The Money Project).
An abundant versus scarcity mindset is another lens through which to view our behaviors. The terms, first introduced by Steven Covey in his 1989 edition of “7 Habits of Highly Effective People,” help explain why some of us are more comfortable with money than others. In most cases, how we feel and think about money has far more impact on outcomes than our factual knowledge – regardless of how much we have.
Feelings can include guilt, fear, and shame while beliefs might be that making money is hard or I don’t deserve it or someone else will take care of me or money is bad. Resulting behaviors can be that we don’t ask for what we’re worth, let go of money needlessly, hold onto it out of fear or avoid it altogether.
As professional organizers, the more we dig into our own relationship to money, the better we can understand our client’s behaviors and how we can guide them effectively.
Cindy Morgan-Jaffe is a career and money coach who works with individuals and groups to identify what stands in their way of living a prosperous and abundant life. She brings over 30 years of professional and personal experience and training to the table. Cindy shares her own journey through her blog, The Money Project, as well as offers courses and workshops for individuals and organizations who want to actively shift their money mindset in ways that open doors to prosperity and abundance in all aspects of their lives.
For more on money mindsets and to download her free ebook, How To Shift Your Money Mindset in 21 Days and 3 Big Steps, check out www.morganjaffe.com.