Let Us Discuss
- Luck of the Draw
- Life Cycle
- Economic Influences
- Technology
- Communication
Luck of the Draw
We were each born into a set of circumstances that include; a period of time, location, our parents, a certain lifestyle and a number of other factors. The way we started our lives varied greatly and so did our relationships with “money”.
When you started on this journey of life, what advantages or disadvantages do you feel you started with?
Old Beliefs
- Money does not buy happiness
- Born with a silver spoon in one’s month
Do you believe your “luck of the draw” influences your goals?
What is one limiting belief you have around money?
Life Cycle
As you age your priorities and concerns change, different stages of life introduce you new influences and opportunities.
Look back five years. Have your interest, hobbies and goals changed?
Are you a planner? What are some of your goals and your current point on your life cycle?
Possible Goals
- Owning a home, paying off the mortgage
- Saving for retirement
- Travelling
- Starting a business
- Buying a new car
- Having children
- Paying of children’s education
- Having good health
- Spending more time with family
Economic Impact on Your Goals
The economy can play a big part in your financial decisions and goals, it can be frustrating since they are often out of your control.
Economic Factors
- Rate of Inflation
- Interest Rates; both borrowing and investing
- Stock Markets
- Tax Policies
- Exchange Rates
As you grow your business you may consider offering services beyond your local market, you need to learn or seek advice about the above factors that may impact your results and goals.
Possible Questions to Consider
- What currency do I use to invoice my clients?
- What sales taxes do I need to charge?
- What are withholding taxes?
Technology
News Flash: Technology is rapidly changing our lives and how we do business.
Is technology your friend or do you push back?
The following is a list of ways you can leverage technology:
- Social Media; Facebook, LinkedIn, Instagram for establishing are brand and message. Why not, they are free.
- Video Conferencing and Live Video
- Software and Automation; get back some of your time.
- Online Banking and E-commerce
What is one tool you would like to learn how to leverage?
- Zoom
- Bookkeeping Software
- Email Marketing
- Facebook Live
- Landing Pages
Your Language and Communication
The words you speak impact your money and goals in several ways; law of attraction, your savings, your business.
“It is better to keep your mouth closed and let people think you are a fool
than to open it and remove all doubt.” – Mark Twain
Poverty Mindset vs. Prosperity Mindset
The words you use influence the listener which includes yourself. Moira Bush writes about using poverty words in her book “8 Colours of Prosperity”, it is when you use words like cheap, bargain and deal.
The Language You Speak
Check out this article about the difference between “futured” and “futureless” languages, how it relates to your ability to save.
http://www.businessinsider.com/how-language-affects-wealth-2015-7
Your Clients Language
Most salespeople present their offer based on their own personality type, not based on their customer’s personality type. That means the average salesperson communicates ineffectively about 75% of the time. What if there was an easy way to determine what your client or prospect values?
Learn more about your personality type.
Things to Think About
- Are your goals more materialistic? Things or your vision board or emotions?
- How are you currently using technology and how can you further leverage new technology?