How Negative Self-Talk Can Destroy Your Financial Future
“I’ve never been good with money.”
“I hate budgets.”
“I’ll never be a 6-figure earner.”
“My market won’t pay premium prices.”
If you’ve ever heard these statements come out of your mouth or even in your head, you’re engaging in a damaging habit known as negative self-talk. By telling yourself these lies (and yes, they are lies), you’re reinforcing the beliefs that accompany them.
What you visualise and believe is what becomes true.
Tell yourself that you’re not good with money and won’t be. Believe that budgets are horrible chores to be reviled, and you’ll resist creating one. Convince yourself that you can’t earn a six-figure income, and you won’t.
It’s not “the secret.” It’s a scientific fact. Known as a self-fulfilling prophecy, this kind of self-talk results in poor performance simply because we act as if it’s already true.
If you tell yourself that you’ll never be a six-figure earner, you will not do the things that 6-figure business owners do. You won’t work to grow your mailing list (“No one reads my emails anyway”), you won’t increase your package prices (“It’s not like I’m some top-earning, highly sought-after virtual assistant”), and you won’t build a brand worthy of a six-figure income (“A beautiful brand isn’t necessary at this income level”).
By contrast, if you act and think as if you already are a six-figure earner, you’ll approach your business quite differently.
Your confidence level will increase. You’ll present a very different brand to your prospective clients. You’ll go out of your way to connect with those who can and will afford to pay your higher rates.
How to Combat Negative Self Talk
The first step toward changing your negative self-talk is acknowledging that you do it. Tick a mental checkbox whenever you make negative statements, whether out loud or in your head.
Make a note of the ones that come up most often for you, and identify their origin if you can. For example, if your ex-partner continually berated you for your spending habits, chances are your “I’m no good with money” mantra can be laid right at his feet. It’s time to turn that thinking around.
The next time you catch yourself saying, “I’m no good with money,” take a minute to recall five instances where you were good with money. Maybe you paid off your credit cards, saved for a house, or built an emergency fund. Rephrase your self-talk: "I used to be bad with money [if that’s true], but now I make smart choices to achieve my goals.”
Just as negative self-talk becomes a self-fulfilling prophecy, so does positive self-talk. Reframe your thinking, and your business finances will undoubtedly improve.
Sam is an intuitive healer and visionary who holds space for heart-centric souls to discover their strengths, find their true purpose and take bold steps towards living a life aligned with their core values.
Through a fusion of psychology, spirituality, Human Design and two decades of business experience, Sam has supported hundreds of people to find their purpose, live life with more flow and build businesses that thrive.
She is a sought-after thought leader, and her work has been featured in numerous publications and television appearances on BBC and Channel 5 News.