Last week I hosted a free call, Financial Empowerment Now. On the call, I gave seven tips for increasing your financial fluency. Often the topic of finance and investing is just too large; it can feel overwhelming, especially with the lingo. I encourage women to take some simple steps to first become more comfortable with the topics of money and investing by starting to use wealth language.
One of the seven tips I gave is to simply start using the word wealth. For many of us, this may be an uncomfortable word. On the call, I suggest that if you had the ability to simply be on that call, it means that you have a phone, a computer and an internet connection; this means that you are wealthy by many world standards. Focus on what you do have, not the lack or current money circumstances if you are struggling right now, to develop a wealth mindset that will take you forward to get back on track toward your money goals. Always be asking yourself how you can make your financial health better.
For the Financial Woman Alliance annual Gold members, I created a Wealth Journal to use during the year as they progress through their money journey. I debated about calling it a wealth journal, thinking that many women don’t feel wealthy, especially right now, and are therefore uncomfortable with the word; I really want to meet every member right where she is. But as I thought through this, I decided that I want to encourage the alliance members to own and become comfortable with the word wealth; what better way to get started than writing in a wealth journal?
Say it three times; wealth, wealth, wealth. What feelings come up for you? Are you comfortable with that word? If not, why? Do you want to become comfortable with the word wealth? What steps do you need to take in your life to make that happen? Embrace those steps and start with step one.
We have to first become comfortable with money words that have an abundant feel to them, such as wealth, before we can step into getting there. You can listen for the other six tips for financial fluency by downloading the free call and handout. This tip is the easiest and fluffiest, then again, maybe it’s not so easy; your mindset is what determines your actions. Besides, sometimes fluffy is a nice break from cash flow, spending plans and net worth talk. Use the word wealth this week at least once.