Wealth Tactic Rebels
WTR Discussion with Kimberly Spencer: Morality of Money
Dec 5, 2019 · 44 min
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Relationships matter to people. Arguably, the single most influential relationship in your life is with money. Is the health of your money relationship good or bad? Chances are whichever direction it is, that’s how it effects your work and personal relationships, as well as how wealthy you’re able to become. Today, WTR welcomes Kimberly Spencer, an award-winning coach and founder of crownyourself.com as we discuss the Morality of Money in your life. Join us as we discuss the importance of gratitude and why blaming yourself and/or others could be a reason why your relationship with money might not be on the best terms.

Ingenious tactics to accumulate wealth, for people who see things differently.

Kimberly Spencer

Website: https://crownyourself.com

Facebook: https://www.facebook.com/CrownYourselfNow/

YouTube: https://www.youtube.com/c/CrownYourself

LinkedIn: https://www.linkedin.com/in/kimberlyspencer-crownyourself/

NOTES

  • [00:50] Kevin: Kimberly is an award-winning, high performance coach and founder of crownyourself.com. Today, what we're going to talk about is morality of money. We all have relationships with money and it directly affects what kind of assets and success that we achieve in our life
  • [01:10] Would you mind telling us a little about where you came from and what inspired you to get to where you are today?
  • [01:36] Kimberly: My dad was an addict and has been for the past 30 years of my life, and yet he was able to successfully grow a multi-million dollar company with my mom
  • [01:47] I grew up on the money struggle bus
  • [02:03] People see what my parents have now and they assume that that's what I've always grown up with
  • [02:57] I always saw that giving and generosity does come back (law of karma)
  • [03:05] When you bless other people with your money, it comes back tenfold
  • [04:22] Thinking in those creative ways as an entrepreneur really is necessary for the future
  • [05:34] It's all about tapping into those tools and resources and just learning and allowing yourself to have a toddling period
  • [05:44] Money is not taught in schools, which is doing a massive disservice education wise to kids when they're coming out into the world with this old-world mentality (if I go to school and get a job then I'll be set)
  • [06:11] There's a reason why college enrollment has gone down (~20%) because people are seeing that you can make money online
  • [07:13] I've noticed a direct correlation especially with my coaching clients that with the amount of time they spend in their genius zone and their relationship with money that directly impacts the income they're making in their business
  • [07:30] The base of your business and your career is you
  • [07:38] The way you relate to money, the way you experience money is the foundation on what you're bringing (especially to a business)
  • [08:38] Kevin: If you don't have a healthy relationship with money, you're not going to have any of it
  • [08:43] Kimberly: I wrote an article about what the relationship status is of your business
  • [09:20] It's okay if you don't understand money if you haven't been taught (not your fault)
  • [09:41] There's a couple different relationships with money that I've seen with my clients
  1. [09:46] The relationship with earning and receiving money
  2. [09:49] The relationship with having money (the concept of having)
  • [10:36] If you have money and you're so guilty about having it, then what's going to inspire you to go out and make more money?
  • [11:24] Many of us have an abusive relationship with money (debt)
  • [12:09] The way that our society is structured now, we cannot divorce ourselves from money (a form of energy, a natural resource)
  • [12:57] A couple of beliefs that counteract our beliefs around money and our desire to earn and have more
  1. [13:07] The belief that we don't deserve it
  2. [13:09] The belief that you have to work really hard at the sacrifice of your family and yourself in order to have it
  3. [13:20] The belief that you are not enough and thus that you'll never have enough and it'll never be enough no matter how much you have
  • [13:50] Kevin: I see almost this anger for people who have money and who are considered wealthy (society views this person as not a good person because they have money)
  • [14:22] Kimberly: Then people start to believe why would you want to have more money if money is the root of all evil? (they don't want to "become evil")
  • [14:29] Kevin: I've worked with a lot of people who have a fair amount of money and most of them are some of the nicest people I've known (generous)
  • [14:59] Kimberly: The results that you have in your life, whether you like them or not, were consciously or unconsciously created by you
  • [15:08] In order to heal the relationship you have with money, having awareness to say this is where you are and then having ownership
  • [15:16] Placing blame on anyone else (the economy, the President, the government, your parents, etc.) immediately puts you at the effects side of the equation (you can't change anything)
  • [15:42] The only way you can change is by taking ownership
  • [16:19] Whether you're blaming yourself or blaming others, blame will never give you the results (keeps you stuck in the past from old habits)
  • [16:35] If you want to change your money status, it's about adopting new beliefs (eliminate blame)
  • [16:38] Your beliefs translate into your thoughts and feelings which turn into habits and actions
  • [18:17] So, if you want to have a better relationship with money we need to
  1. Acknowledge it (awareness)
  2. Take ownership of it
  3. Choose to change
  4. Forgive (yourself and others)
  • [24:51] Money enhances who you are
  • [27:06] Study the process of people who are successful and people who are doing what you want to do
  • [28:07] When you have a full body willingness to do something, you're committed to putting in the practice every single day
  • [28:53] Kevin: Like we said earlier, relationships need continued work and maintenance
  • [29:14] Kimberly: Good and bad describe morality
  • [29:45] The choice to make more money and to have more money isn't a good or bad choice, it's just a choice
  • [29:53] Kevin: What are some mindset choices that people can make to help them now think about money in a way that they covered the 4 steps and view money in a positive mindset?
  • {30:10] Kimberly: Watch your language and watch who you are around
  • [30:15] Your language is a command to consciousness itself
  • [30:51] Being aware and remove judgement (different perspective)
  • [31:00] When you notice that you and people around you are using this common language of "I don’t have enough money" (or other negative connotations), be hyper aware of the language of the people around you because then you will have an idea of what has shaped your beliefs about money and what beliefs you probably need to change
  • [32:10] I stopped using the word expensive because it has a connotation of having a cap
  • [32:16] Money is like air though (you can have more and you won't be taking it away from a particular person... enough to go around)
  • [35:43] Combining gratitude with the belief that whatever you desire is already there (in the unconscious awareness)
  • [35:55] If you can believe it, it is possible (expanding your mind)
  • [37:36] Kevin: Before we close for today, we're going to ask you for a value bomb, which is what in your experience should our listeners look to avoid doing and what should they do about it?
  • [38:00] Kimberly: Look to avoid waiting to be ready (will keep you waiting)
  • [38:25] Confidence only comes through practicing and trying
  • [38:51] Celebrate your resiliency
  • [39:30] Whatever money struggles you're dealing with right now, own the fact and celebrate the fact every day that you're still making an effort and trying everyday
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