Episode 38:Breaking Down Millionaire Mindset Blocks with Sarah Nemecek
Welcome to today's episode! I'm thrilled to be joined by Sarah Nemecek, a seasoned life and business coach specializing in assisting C.P.A.s. In this episode, we delve into the Top 3 Millionaire Money Mindset Blocks.We uncover the effects of separating your morality and money, and delve into the consequences of avoiding financial realities while claiming "money doesn't matter.”
But that's not all—we also tackle the concept of keeping one's financial status confidential. We explore the boundaries and limitations of this notion while highlighting the empowering advantages of open conversations about personal finances. Furthermore, we explore the transformative effects that can emerge when challenging self-perceptions of financial inadequacy.
As our discussion unfolds, we shine a light on common fears related to money and expose the true essence of security that emanates from both financial assets and personal capabilities.
Tune in for a thought-provoking conversation that holds the potential to pave the way towards a more prosperous future.
Key Highlights
[00:00:00] Sarah’s background
[00:01:42] Introduction to today’s topic: Main money mindset blocks
[00:02:05] Block #1: "It's just not about the money"
[00:03:04] The impact of disconnecting motivations from finances
[00:05:12] Using the "money doesn't matter" notion to avoid financial realities
[00:06:49] Harmonizing passion, service, and financial importance
[00:11:45] The misconception of keeping financial status confidential
[00:13:08] How keeping financial status confidential holds you back
[00:22:45] Benefits of having open conversations about personal finances
[00:28:07] The self-perception of being inept with money
[00:32:10] Some fears that most people have with money
[00:34:52] How genuine security arises from personal capabilities, not just financial assets
[00:41:52] Words of wisdom to the people who feel they are bad with money
Notable Quotes
● The thing about the money mindset is it's constantly a work in progress. It's something that even as I've, I've experienced. I'm sure you can talk about your experience too. Even as I started to hit these different wealth-building milestones, I still had so much work to do on my money mindset.
● I hear that from anyone who does not want to grow or wants something different but feels like they can't have it. Like it's, that struggle with money is evil. And then, if I wanted it, I would be evil. And so I shouldn't want it. Like It's so, there's so much involved in that tiny statement. And the thing is, it's, it is about the money, but not in the way that we think it is. It's always so many other little things in it.
● It’s much more interesting when you admit that you have money, wants money, and are pursuing money, and it just opens up so many more things in life, so many more experiences for sure.
● Not wanting people to know you have money keeps everyone small. Because if you show up and let people know that you have money, it shows what's possible. It opens up doors, and by you learning to be comfortable with it, it lets other women learn to be comfortable with it.
● Your biggest asset is not your money, house, or investments. It's you and your ability to go out and make money. And that's where I've always had my, I guess, security. Like, security comes from having X amount of dollars in the bank, but it comes from you knowing how to make money.
● The only way you stop being bad with money is by practicing and testing it and learning and growing it.
● You will always have thoughts about money that don't feel good about yourself, et cetera, and know that it comes at all phases, and nobody has it all figured out. Like, we're sitting here talking about what we observe, what we experience, and we go through it still, on our own, at whatever level. And we still get support and are still learning and growing all the time. So it's important to know you're never finished. But you're never screwed.
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