Abundance blockers

How’s the reading of the Happy Pocket Full of Money book going?

It’s good that you have had that wake up call, and you gave yourself a little slap in the hand, just please don’t do more than that, and instead devise a new routine about money.
I heard someone say: Money is like a mistress. You need to look at it everyday, and know where it goes and what it does, else, it will find someone else that does.
I am looking at my transactions at least every week, since I heard that. It has helped.

This is definitely frustrating. And the frustration with ourselves for not standing up for ourselves in these situations is 100x than not being paid what we deserve.

But I think “money mindset” has many dimensions to it. There’s a lot to unpack there. For example, I tend not to focus on managing my money but wanting to make more money. If I was a bit more intentional with how I spend my money I’d be richer already. In the past I used to be driven by perfectionist tendencies. When I thought I didn’t do a job perfectly (and I had very high standards) I wouldn’t feel right asking for money.

I had a few clients actually tell me off for this because they valued my work more than I valued it myself.

So what are the weeds in your money mindset that you need to get rid of?

I feel like this is the signal that, when decoded, says, “It’s time to hire an accountant.” Let yourself off the hook. Even if you just hire someone for a couple months, it might help you build better recordkeeping habits.
¯\_(ツ)_/¯

@therealbrandonwilson Ah thanks for the reminder! I got through some of it… I know the concepts… but it’s the practice that I struggle with I think

@drodol Love the “mistress” analogy haha. That’s a great practice. Weekly reviews. How much time do you spend on it? What do you look out for?

@haideralmosawi Interesting observation. Wow you got good clients I feel! I’m def in the camp of focusing more on making money than managing it. Need to be more intentional with managing.

@Winkletter Yeah at some point I really should hire an accountant when I can afford it. Maybe this is where I should look into delegating or outsourcing since I’m bad at it, even if I get better at it might not be enough…

@therealbrandonwilson I just realized that Happy Pocket Full of Money is in my Audible library. I must’ve gotten it around the time I listened to Happy Money (a great book on money mindset), but for some reason I didn’t get to listen to Happy Pocket Full of Money. I’m gonna do that in the days to come. Thanks for the reminder!

I spend no more than 30 minutes going over transactions and (sometimes having to categorise them, if not auto-done) just seeing where the money is moving. I am using a web app (paid) to help me. It’s called lunchmoney.
One thing is having an “idea” of where you spend money each month, another one is actually seeing where it goes/went. It can empower you to make decisions because they will be informed decisions!

@drodol Oh yes I heard of lunchmoney. It’s indie hacker made!

Very true. It’s similar for my monthly reviews. I always have the impression that I didn’t do much, but after the review, I realised I did more than I thought. I should do the same with money too! I’m sure it will show similar insights

Thanks buddy!

Yes, it is indie. It is a nice product, but looking back, an excel sheet would do. So I would start there.
Glad you think the monthly reviews you do as a nice comparison to do money-wise. I think that’s a good start Jason.