12Apr 2016

Guest Blog: Show Me The Money!

Posted by at in Guest Blog, Money

This week we have a great guest post from Yvonne Morrison from The Business Boutique. Yvonne has also been part of our Entrepreneur series – so make sure you check that out too.

Show Me The Money

Show Me The Money

I decided to start this blog with a question to you: “How do you feel about money and talking openly about it?” 

Do you shout it from the rooftops when you sign up a client or receive a raise?  Do you look at your credit and think ‘gosh, I’m just no good with money’?

My reason for asking you to think about this will become clear in just a minute because first I’d like to share a story with you.

At 10 years of age I moved from my country of birth with my family to New Zealand.  My father felt this would be a great place to start afresh after his entrepreneurial journey had ended in bankruptcy. 

We had been living a relatively comfortable lifestyle and my mother used to shop without too much concern.  However, going bankrupt and moving to a new country had flipped this completely on its head. 

By the time I was 14, although that was legally too young at the time, I had my first part time job.  Any money I earned I put straight into the bank.  After all my parents used to tell me I was the best saver in the family.  My brother on the other hand thought I was a tightwad.

Flick to 18 years of age and there I was really angry.  Now we aren’t talking standard teenage anger.  No way!  I was seriously peeved off.  How in the heck did my girlfriends, who didn’t have jobs – have money to buy new clothes or time to go out? How unfair was it that I would have to go to work straight after school and all my money was just sitting there in the bank?

Let me first clarify that this isn’t a story about parenting but subconsciously because of my situation, what I’d seen, heard said by my parents, had built a ‘perceived’ notion that money was ‘scarce’.   I had been told I was the best saver in our family so I had put it upon myself to be the one to create an emergency fund should it ever be needed. 

The reason I shared my story is to bring you back to the answers you might have said to yourself to the above questions.  How comfortable are you talking about money?

It is highly likely (and studies have indicated this) that you too have money stories from your childhood watching your parents, grandparents or other roles models and their behaviour with and around money, that now reflect in your own behaviour.

The past can teach us many lessons however no one says that you MUST live your life according to your past.  It is within each of us to decide how to live our futures and how we choose to behave. 

If it is your desire to have a different lifestyle to the one you currently have or grew up with the choice lies before you.  And in the context of this article it’s about how you choose to understand your reactions and money behaviours.

Moving into the future I like to chat with my clients about their money being their Bestie/BFF.  If you think of who that is – how do you treat her?  You’d make time to spend with her, right?  Plus, you’d know her inside and out. 

In order to become more comfortable with your money you need to build this same relationship with your finances. I’d like to suggest that you start by thinking of your own money story and how that reflect in your current money relationship.  What do you like/don’t like about it?  What can you do to change it?  How would you like to change it?  What can you do to change your reaction to it?

The answers here can help you begin to build a path to a new money relationship.

These days’ money and I are good friends. 

However, I’m also only human and have days where fear of the unknown can stop me in my tracks.  I remind myself of a newly discovered quote from Elizabeth Gilbert (creator of Big Magic) about fear: “thanks for being part of the ride and keeping me safe.  Now sit in the backseat because you are never in charge”.

This is your choice.  Be today who you’ve always wanted to be. 

Yvonne Morrison is the Chief Cheerleader at The Business Boutique.

At The Business Boutique female entrepreneurs learn to understand their business finances and their what money mindset.

Through working with Yvonne they will demystify finances and build a strong foundation to support the businesses and lifestyles they desire. Designing an action plan to get traction to grow versus trying to keep up with the to-do list.

Training can be on a D-I-Y basis through the signature program “Love Your Numbers” or through personal planning and cheerleading. (We all need one in our corner).

Yvonne has been in business for over ten years.  She is mum to Sophie and Isabelle and wife to David.  She has also solely been chosen by Smokey and Millie (cats) to be woken each morning at 6am by for feeding!

You can find Yvonne online here:

Website: www.thebusinessboutique.nz

Facebook: www.facebook.com/thebusinessboutiquenz

Twitter: @BizBoutiqueNZ

Linkedin: www.linkedin.com/in/yvonne-morrison-b9775091

Thank you Yvonne!

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