3 TOXIC myths about money that you probably believe.

Today, we’ll cover the 3 toxic myths about money that all beginners MUST break away from in order to achieve PRETTY money. (If you’re new to me and not sure what I mean by pretty money… think about what ugly money is. Worrying, feeling crushed by debt, stressed… Now think the opposite.)

I’ve served hundreds of 1:1 coaching clients as an Accredited Financial Counselor… and hundreds more women in my group coaching through the Pretty Money Club. The most SUCCESSFUL women are the ones who are willing to address their own mindset and attitudes… and the ones who are willing to put forth effort into continuous learning. You, my friend, are on the right path… because by reading this, you’re learning!

It’s myth-busters time. Time to re-align your perspectives and make things right 🙂

Myth #1: Debt is the cause of your stress.

Nothing can cause you stress unless you allow it to, including debt. Debt is not alive. It doesn’t care if you’re awake at night worrying about it, just as it’s not going to congratulate you for getting rid of it. You and YOUR mind is what creates stress about debt. So you gotta shift your mindset if you find it stressful.

Why do you have debt? What did it get you? Did it buy you a home? Did it give you time off to care for someone? Was it invested into your health? You’ve bought things or experienced things. Practice gratitude toward what your debt has brought to you.

Then… realize that you are not going to be crushed underneath it, even if it feels like it’s a 1 tonne elephant. How do you eat an elephant? A bite at a time! 

If you make paying off debt THE number 1 priority, it’s like giving in to a screaming toddler. It’s easy to do, because it’s LOUD. But without addressing the underlying cause of debt, you’ll end up back in a cycle.

You CAN make a plan to pay off your debt. A manageable, sustainable DOable plan that fits into the REST of your budget. When you have a budget plan in place… a road map for how you’re going to manage your debt… you no longer feel diminished by it. You feel in control.

It’s pretty hard to stress about something when you feel grateful and in control. 

Myth #2: Following a budget is too restrictive. 

Uh, SO NOT TRUE. Budgeting is actually the OPPOSITE of restrictive. When you make a plan for where your money is going to go… you know that you are taking care of all your needs. You’re taking care of future you. AND you know how much money you have to spend with joy (what’s left over after all your needs and future expenses.) This means you can buy whatever the heck you want to without fighting with your spouse, without worrying that you’re forgetting a bill, and without feeling guilty. 

It’s the people that do NOT have a budget who feel restricted. They usually end up going in circles, overspending, fighting, living paycheque to paycheque wondering where their money went, and saying NO to things they like to do, because they’re really not sure if they can afford it. 

You’re not powerful with your head in the sand, or if you’re running away. You gotta have your feet planted, eyes open, and a clear head to face yourself.

 #3: You gotta be good with numbers to be good with money. 

Being good with money actually has very little to do with numbers. You do NOT have to be an analytical brainiac to being a superstar budgeter. You don’t have to love math (I sure as heck DON’T) and you can’t inherit the “bad with money gene.” 

Being good with money is about implementing a system that WORKS for you, creating good habits, and continuing to adjust. Life happens. You’ll fall off track. Things change. That’s okay! You can handle it, you can learn it,  get back up, and readjust. 

Being good with money does NOT have to be complicated either! The concepts that I teach are very simple. In fact, they are MADE for busy people who don’t have time or energy to pour into hours of studying. Simple, but incredibly effective, and manageable. We humans have a tendency to overcomplicate almost everything… and we’re still surprised when we manage to simplify. “Why didn’t I think of that before?”

K.I.S.S. Keep it simple, sweetheart.

One of the mottos in the Pretty Money Club

Why is believing in these 3 myths a HUGE PROBLEM? Because believing in these 3 myths will stop you from taking action the right action. Your confidence gets affected, you don’t seek guidance, and subsequently, you don’t transform your life as a result. As an accredited financial counselor, I have seen breakthrough after breakthrough and I know that is not difficult to get pretty money.

Women just don’t have the right guidance to succeed when it comes to money. Many people search for information online fruitlessly, and when that doesn’t work, they give up. I don’t want you to give up because I can help you can do this!

How do you think other people achieve their financial goals? Are they all super-geniuses? No… they did it by implementing successful strategies, seeking helpful guidance, and through dedication to their goals. So take heart. You can do this! Don’t for a second doubt yourself.

Did you find yourself nodding to any of this? Resonating? Are you feeling inspired? Enrolment to the Pretty Money Club is going to OPEN in a couple of weeks… and believe me, there’s a lot more of this kind of talk to get your butt in gear. Get your name on the list so you don’t miss this enrolment. 

Published by theprettymoneyblog

To all you women that are working too damn hard to feel like you’re just getting by paycheque to paycheque… To all you ladies that just don’t have the freaking time for financial jargon and complicated budget systems… ​To all you women struggling to feel in control of your money, ’cause you know you can rock it if you just had a simple map… I see you. I GET you. I'm a busy mom of two boys and a wife to my business partner. I love baseball, red wine, and our family trip to Mexico every year. After more than a decade as a licensed professional in the personal finance industry, I’ve figured out strategies that are simple, but have massive impact on your wallet. I’ve left out the jargon and fine print because I know you don't have time for that. The Pretty Money Club enrolls new members twice a year for the 8 week course that will turn your ugly budget into top model pretty money... and most of our members stay in the club after class is done to keep learning and stay in touch with all the women they built community with.

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