As a former retirement planner, I suggest that one of the best ways for women to catch up on retirement savings is through business ownership. When you work for yourself, you can write your paycheck. You get to decide on the income you want to earn, making running your own business a perfect vehicle for accelerated retirement savings. But most women entrepreneurs earn less than they should.
One of the most common reasons women entrepreneurs don’t earn what they want is their relationship with money, which is influenced by their childhood programming. Experiences early in life form our beliefs about money, safety, and worthiness – all contributing factors to our relationship with money.
So, one of the first steps in dealing with current money issues is to explore early beliefs and memories that still have control of our attitudes and behaviors. Journaling is a highly effective method for inquiring about these past experiences. List your thoughts and fears about money—no matter how ridiculous or illogical they might sound.
Writing a money timeline or money autobiography is another powerful exercise. I’ve worked with many trauma therapists who have you write a trauma timeline, listing all your traumatic memories in chronological order, beginning in early childhood. Writing a money timeline—the history of your experiences with money from childhood to the present is an eye-opening exercise.
Healing our relationship with money is a journey, not a destination. Yet, if we want to increase our income, retirement savings, and wealth, healing our money relationship will help us get there faster.
We rarely prioritize our money relationship when it comes to earning more. Yet, it is our relationship with money that holds the key to our true prosperity. We focus on the mechanics (marketing, client attraction, list building, etc.) Which is the primary reason most women entrepreneurs earn less than they should.
Hello! I’m Patti Fagan! I’m a Christian Business & Life Coach, Ramsey Solutions Master Financial Coach, former retirement planner, and digital creator. I’m also an award-winning author and prayer warrior, serving on the prayer team at my local church.
I provide digital content and resources to support my sisters-in-Christ in their finances, faith, and business. I’m on a mission to help you create six-figure success while honoring God and sharing your gifts with the world.
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