Money Excuses?: 3 Reasons Why Women in Business Are Still Broke
/Women in Business: What are your money excuses? There are reasons why you don't have the money you'd really like to have. Do you treat money with the respect it deserves?
Read MoreMy mission is to change the world by leading women to live a financially healthy & happy life
Blog - Lynn Telford-Sahl, Certified Money Coach For Women In Business
Women in Business: What are your money excuses? There are reasons why you don't have the money you'd really like to have. Do you treat money with the respect it deserves?
Read MoreWhy do women in business make themselves so crazy with the fear, avoidance and resistance to paying taxes? We know they’re due a year ahead of time. Yet, we procrastinate up until the last day. A hundred years ago if you didn’t pay your taxes you could be hauled off to the poor house. While that’s not the case any longer, as April 17th approaches I notice a strong whiff of anxiety as I’m out networking and talking with women business owners. It’s hard to not get caught up in fear when it’s so prevalent. But, of course we don’t talk about that feeling of fear in the air. We put on a game smile, pretend as if everything is just FINE and struggle in silence because we think others know so much more or are doing so much better than we are. Not the case.
As a life and business coach talking to women in business every day a couple of things are clear. One – when you’re self-employed the goal has to be to SAVE enough over the year to be able to pay your tax bill at the end of the year. But many don’t. They’re caught up in daily survival, often are just making ends meet and don’t know how to develop a longer-term perspective. Others get caught in the vicious loop of paying BACK taxes, which makes it doubly hard to pay this years taxes. Ow! And then you have folks that earn plenty, but don’t save a thing because they just don’t manage their money well. As Robert Kiyosaki, of Rich Dad Poor Dad fame says, “It’s not how much money you make. It’s how much money you keep.” That comes home to roost as we get older.
Second, the economy has wounded the heart and soul of many women (and men) in business. Losing a house, having to file for bankruptcy, downsizing your life and expectations takes its toll. Sometimes it’s hard to imagine things getting better. But imagine and work towards this, we must.
So then the question is – how do you deal with money fears that create avoidance and exaggerate money troubles? I know you’re not going to like this but the answer is to courageously look at the facts as they relate to your money situation and create a plan to deal with it. Get help if necessary. Women in business: we get past fear by confronting what makes us afraid and by taking the daily right action necessary to stay conscious of what’s happening with our money. As Suze Orman says: “Every money challenge can be solved by the person you see in the mirror.”
Lynn Telford-Sahl, M.A. Psychology, Certified Money Coach (CMC)©. Experienced Money Coach for Women in Business. Make more money, manage it effectively, build wealth!
“I have achieved more goals this year than in the last 8 years of business. When I started Money Coaching I felt guilty paying bills.
I realized why I wasn’t fully financially
responsible - the child inside had been scared about money. As soon as I faced the fears I felt a lot better and good things started flowing and happening.”
Mari Fernandez, Full Force Fitness, Modesto, CA
Lynn Telford-Sahl, Certified Money Coach, 1700 McHenry Ave. Ste. 65B #182, Modesto, CA 95350 Phone Number 209-505-2675 lynntelfordsahl@gmail.com (c) Copyright 2022 www.LynnTelfordSahl.com All rights reserved. Providing individual coaching, group coaching, life coaching, business coaching, and money coaching to Modesto, CA and the Central Valley. National and International Phone and Virtual Coaching available.
*Money Coaching System by Deborah Price, Money Coaching Institute