Stop Throwing Out Money? I Say: Go Right Ahead!


 

Abstract:
 

Hang on – don’t I usually advise managing your money, which includes saving and investing in order to become financially secure? Yes, I do.
 

However, there’s a danger in getting too fixated on saving and denying yourself a life in the present moment. In today’s mission, you’ll learn how much fun throwing out money can be, and how to do it whilst still growing your fortune.
 
 

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Task 1: How to spend and not go broke

 

I have talked about budgets in the past, and budgets are part of all my Coaching programs – because prioritising your passion and living your purpose requires you to have free headspace. You can’t be bogged down by money worries.
 

Usually, I recommend budgeting in percentages. That way, if your income increases, the percentages stay the same and you’ll simply have more money in each category – such as living costs, savings, etc.
 

This is where “throwing out money” comes in. Two budget categories I recommend are called “gifts” and “play” and should be 5-10% of your net income. Every month, you’ll have money to donate or buy presents with. You’ll also have “Play” money for yourself.
 

The only rule about “Play” money is that it can’t be spent on anything you need. It’s literally money to throw out the window and buy something silly that tickles your fancy.
 

throwing out money

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Task 2: Why “throwing out money” is important

 

Spending within your budget means that you can spend carelessly without ever getting into trouble. But there’s more to it.
 

All evidence points to the insight that spending Play and Gift money actually increases your wealth. Nobody is sure why this is so and the explanations sound a little far out: The universe likes you to enjoy yourself, or money is energy and energy needs to flow, not be hoarded.
 

Whatever the reason may be, overwhelming evidence is that spending money on things that make you and others happy, tends to attract more wealth. Try it!

2 Ways To Find Money For Your Passion


 

Abstract:
 

When I ask people why they don’t prioritise their passion more, the most frequent reply is: “Because I have no time,” followed by: “I don’t have the money for it.” Passions may be costly in terms of supplies or tuition, travel, or simply because time is indeed money to an extent and you need to be able to spare the money you could earn in the time you’re spending on your passion.
 

Your mission today is to learn two ways to find money for your passion.
 
 

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Task 1: Your true priorities

 

There are several reasons why I always talk about priority when I mention passions. Merely making more time for a passion is not going to cause the same transformation as actually prioritising it.
 

One of the things that shift is your finances. When you look at your spendings in the past month, you’ll notice what your true priorities are:

  • A big chunk will be living costs (rent/mortgage, food etc)
  • There will likely be distractions (subscriptions, impulse purchases, consumer goods)
  • Hopefully there’ll be investments
  • And there should be money for passions.

To free up money for the latter, you need to cut down on the distractions. It won’t feel like deprivation, because the more you focus on what lights you up, the less you need distractions.
 

In other words: Your task is to stop buying stuff!
 

money for your passion

Photo by Anny Spratt on unsplash.com


 

Task 2: Allocate money for your passion

 

If you don’t work with budgets yet, it’s time to get going. If you need any help with this, reach out. For a more thorough rework of your finances including your money mindset, check out Wild Money.
 

Basically, now that you know your spendings, you allocate percentages to it. Necessities, savings, gifts, etc. And 5-10 percent – depending on how much you earn – should be your passions budget.
 

Something happens when you consciously allocate money to something: it becomes important. It feels real and shows that you’re taking your passion seriously.

What If There Were No Money?


 

Abstract:
 

Most people associate money with stress. When I mention that I equal money with wild joy and passion, they don’t quite know how to imagine this – other than assuming I must be rich!
 

In reality, all I do differently is that I have a playful approach to money that takes out the stress and makes me (and my clients) want to spend time with it. One of those ways is “what if” scenarios. They can give you enormous clarity, because getting money is no use if you don’t know what you truly want.
 

Your mission is to gain clarity and align your approach to money with your wishes and needs.
 
 

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Task 1: If there were no money

 

This task is a visualisation exercise, or rather, an intuitive brainstorm. To do it, I need you to get comfortable, switch off all distractions for a few minutes and take a couple of deep, slow, relaxing breaths.
 

Now imagine a world where nobody needs to work for money. There simply is no money. Everything you need or could possibly want is at your fingertips.
 

Obviously, you’d take a long holiday and enjoy every luxury. That’s great! Now think long-term: What would you do in your everyday life? How would you pursue your passions? How would you interact with others, what would you do when you’re on your own? Etc.
 

Also answer the most important question: How would it feel to live like this?
 

if there were no money

Photo by Bianca Castillo on unsplash.com


 

Task 2: Recreate the feeling

 

Hold on to the feeling you had in your visualisation. Write it down, make sure you won’t forget it.
 

Ask yourself what would have to happen to recreate that feeling in your life. How could you incorporate it? What would you have to do differently? How much money would you need for it?
 

A simple question to make future money decisions a breeze is: Does this purchase resonate with this feeling I wish to achieve? Act accordingly.

2 Reasons Why You Repel Money


 

Abstract:
 

I’ve done a lot of work on my own money mindset and have worked with other people on theirs. One thing I notice is that some people have it a lot harder than others, and not because of circumstances like being born poor. No, some people just seem to repel money.
 

You mission today is to learn why you might be struggling financially and how to start turning the situation around.
 
 

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Reason No. 1: Stress

 

My friend Dr. Valerie Rein once wrote: “Stress is teflon to abundance.” That’s a great way of putting it.
 

The following may sound a little hippie and out there, but bear with me, please. The thing is that energetically, stress is the exact opposite of abundane. Think about abundance or receiving – imagine you’re playing charades and are supposed to mime “abundance”. Try it! I bet you made an expansive gesture, one of opening up.
 

Stress does the opposite: it makes you tense, literally makes your muscles contract. That’s why it’s not conducive to receiving anything.
 

To become more abundant, take steps to eliminate stress from your life as much as possible.
 

why you repel money

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Reason No. 2: Ignorance and mindset

 

To open the door to abundance, you must know about basics such as budgeting and low-level investing. Money likes to go where it’s valued, so get educated.
 

Nobody teaches us about budgeting or investing in school, so we have some catching up to do. Besides, most of us are brought up with very negative money beliefs we need to disable, which is another reason why you repel money. At the very least, read some good books about personal finance. Get Coaching or do a course.
 

You need to re-train your brain and mindset, and you also need to learn about budgeting. The best thing about it is that along the way you’ll realise that money is actually fun.

How To Charge Money For Your Passion


 

Abstract:
 

Disclaimer first: I always emphasise that you can prioritise your passion(s) even if you’re only a beginner or simply don’t want to ever make money from them. That’s still true.
 

However, a lot of Wild Spirits do dream of making their passion their income or business. Most of them have no idea where to start, and the internet is full of “how to make money doing what you love with no preparation and no investment!” type of scams.
 

Your mission is to learn how to turn your passion into profits.
 
 

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Task 1: Sort out your mindset

 

Attitude is everything in business. Even if you work online, it’s as though people can smell if you’re not sure about yourself. Best to get a few things straight from the start:

  • You absolutely deserve to be paid for what you contribute.
  • Realise that it’s really about an exchange of energy: your passion for money.
  • Do some market research to get an idea of what others are charging.

charge money

Picture by rauschenberger on pixabay.com


 

Task 2: Be ready to invest

 

50 years ago, you needed money for premises, staff, stock, etc. to start a business. These days we can work from home and online, whether we’re selling arts and crafts or provide a service.
 

It’s a lot cheaper, but it’s not free. A website alone doesn’t get you customers; you need money for marketing/advertising, and most of all you need to learn how to spend that money, or you’ll end up wasting a fortune.
 

I’m not an affiliate of Maire Forleo’s B-School, so I can recommend it without bias. It’s the best program around! To get started, you have to sign up early in the year (it usually starts in March).
 

If you’re broke, look into my Wild Money program. And if you’re too broke for that too, download the free “10 Ways To Get Money For Anything, Fast” cheat sheet on the same page.