In this episode of Thriving Mompreneur podcast, host Liz Kent unpacks the often-hidden beliefs and societal pressures that prevent mompreneurs, particularly those in helping professions, from embracing financial abundance.
Liz shares her personal journey of dismantling detrimental money mindsets, revealing how deeply ingrained ideas about self-sacrifice can sabotage a thriving business and personal well-being. She makes a compelling case that generating income doesn't detract from your purpose; rather, it amplifies your capacity to serve, be present with your family, and cultivate a life characterized by less stress and greater impact.
Key Takeaways
Money Mindset is Crucial for Mompreneurs: Entrepreneurship, particularly for those in helping professions, necessitates a deep dive into personal beliefs about money to align them with professional and family goals.
Challenge the "Self-Sacrificial" Narrative: Many helping professions inadvertently promote a "badge of honor" for not prioritizing money, which becomes unsustainable and unrealistic for adults with families and responsibilities.
Financial Well-being Fuels Impact: Sacrificing your own financial needs and well-being limits your ability to serve effectively. Sustainable business growth provides both time and financial freedom, ultimately enhancing your capacity to help others.
Money Creates Opportunities, Not Just Stress: Having more financial wiggle room can significantly reduce stress, allowing you to be more present with your family, pursue hobbies, travel, and show up more fully in all aspects of your life.
Embrace Financial Literacy and Transparency: Avoiding financial realities due to anxiety can be detrimental. Running the numbers and creating a budget, even if the situation isn't ideal, provides clarity and empowers you to make a plan for moving forward.
Quotes from The Episode
"Sometimes the unknown creates so much anxiety for us that we can't even deal with it, and so we just avoid it. And when we really sit down, maybe it's not as bad as you think it is."
"My affirmation for the better part of the past year, six months at least, has been that it's safe to serve and make abundant income."
"I feel like I've done more work on money mindset in a couple of years of entrepreneurship than I have in years of being in therapy."
"As a 40-something-year-old adult with a family and a house and a life, not making money is not really a realistic attitude to be able to carry into our professional life."
"Being able to have a little bit more wiggle room in my budget creates more space for me to be able to show up for the people in my life, whether that's clients, family, whoever."
Resources Mentioned
Host Liz Kent
Instagram: @LizKentCoaching
Website: https://www.lizkentcoaching.com/
Facebook Group: The Thriving Mompreneur Collective
Monarch budgeting tool
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