There are five basic human emotions business owners have around money that keep them stuck under-earning and definitely under-performing. Once you know what these emotions are and how to move through them, you can generate money more easily and define “success” on your own terms.
Today’s podversation guest, Joan Sotkin, went from having a thriving business selling crystals to bankruptcy to then becoming a foremost expert on making and managing money. Out of her experience, she created an easy-to-understand system to release negative thoughts and emotions about money.
I love her mission of helping business owners go from a contracted state to an expansive one around cash flow.
Just one tip on what to ask yourself whenever you face an obstacle in life can change everything!
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Here’s What to Expect in This Episode
- What are the top five attitudes about money that hold us back?
- What it really means to manage cash flow
- Why is looking at finances so scary?
- What can you do to change your feelings around money?
- Some simple tricks for changing any habit
Selected Links from the Episode
- Joan Sotkin
- The Prosperity Principle [Podcast]
- Ugly Cash flow Spreadsheet
- Debtor’s Anonymous
- Jason Hartman
- Creating Wealth [Podcast]
- The Confidence Code
- Be Here Now [Book]
- Build Your Money Muscles: 9 Simple Exercises for Improving Your Relationship with Money [Book]
If you like what you hear, here’s how you can leave a 5-Star Review.
Loved today’s episode with Joan Sotkin. I enjoyed the concept of the 3 R’s, Recognize, Release and Replace. What a great way to change your thoughts and actions around money. This will take my high 6 figure business to 7 figures! Looking forward to doing the process!
Glad you love it, I will make sure Joan gets your compliment!
The way Joan explains to get in touch with my emotion finally made sense to me. My therapist of five years has not explained it precisely as Joan has, and I feel I have had an AHA moment. Thank you Bill and Joan.
That’s awesome!
Loved this episode! As I’ve been working through my money beliefs for the last several years, I totally recognized all five emotions in me as well as the progress I’ve made. I also loved the recognize, release, replace method. As I mentor women in mid-life who are struggling to make time for their self- care, many limiting beliefs come up for them, and your talk helped me recognize and name this process in my own work. Many thanks Bill and Joan!
Yes, working around our beliefs with money is such a key component of creating financial success and freedom.