How Your Money Blocks Keep You from Breaking Through the Glass Ceiling | Episode 009 of The Woman Entrepreneur Podcast
Sep 27, 2022
This morning in my NFA Money Mama Mastermind, we were talking about the gender wage gap. Typically the gender wage gap is measured in the corporate world and a commonly known statistic is that women make 0.80 cents on the dollar, compared to a man's in the same industry. One of the women in our group shared that she had just heard the wage gap for women entrepreneurs is even larger. So of course, I had to look it up and I found this article stating that self-employed women earn 28% less than their male peers (so the gap is 8% greater!).
(Resource: https://www.freshbooks.com/press/data-research/women-in-the-workforce-2018)
Now what's most interesting is that entrepreneurs set their salaries. So, women entrepreneurs are paying themselves 28% less than their male counterparts. YIKES!
What's happening?
➠ MONEY BLOCKS
Money blocks are when you have unconscious limiting beliefs about money that keep you from making the amount of money you consciously choose to make and feel good about it. Think of money blocks as an invisible glass ceiling of income that you just can't seem to breakthrough.
Money blocks occur at the societal level, as evidenced by the gender wage gap in the U.S.. And remember the outer world is a reflection of the inner world. So, individual women entrepreneurs' beliefs about themselves and money will continue to perpetuate the macro-system problem of the gender wage gap.
I SAY "NO MORE, LADIES!!!"
I BELIEVE...
IT'S TIME FOR WOMEN ENTREPRENEURS TO BREAKTHROUGH
THEIR INVISIBLE GLASS CEILING OF INCOME AND BECOME FINANCIAL POWERHOUSES!
So, let's talk about the 5 most common ways money blocks show up for women entrepreneurs and what you can do about it.
1. You Believe that You've Got to Work Hard to Make Money
This is the number one money block that causes burnout and overwhelm. This overwork/low-income problem comes from Imposter Syndrome and the unconscious belief that you've got to prove yourself because you're not good enough.
➠ Mantra: The less I work, the more I make.
➠ Action: Think of yourself as a powerful CEO of your company and start delegating today!
2. You Give Your Services Away for Free, Barter, or Don't Charge Enough
This money block will forever keep you from breaking through your glass ceiling of income if you don't learn to breakthrough. This problem comes from Imposter Syndrome and not believing that what you offer is good enough, and/or guilt and shame about money in general.
➠ Mantra: I charge what I'm worth and I get life-changing results for my clients.
➠ Action Step: Whatever you're charging right now, raise it by 10% on your next consult and see what happens.
3. You Don't Pay Yourself First
As seen in the statistic that women entrepreneurs pay themselves 28% less than male entrepreneurs do, it's obvious there's a problem here! This is rooted in your unconscious belief that everyone else comes first.
➠ Mantra: I am the most valuable asset in my business, so I pay myself first.
➠ Action: If you're not paying yourself anything yet, start paying yourself, this week. If you're already paying yourself a small amount, start increasing it by 10% per quarter.
4. You Tell Yourself: "Money Doesn't Matter - I'm Doing this to Help People"
This is a convenient excuse to justify the lack of income you're making and stems from the unconscious belief that it's wrong to make money doing what you love.
➠ Mantra: I have decided that I love making money to help people.
➠ Action: Every time you catch yourself saying something like this, STOP immediately and reframe.
5. You're Scared of Selling
Most entrepreneurs dislike the process of selling. Yet, those who wildly succeed love selling. If you have a negative mindset about selling, you're causing your money flow to be blocked.
➠ Mantra: I am water in the desert.
➠ Action: On your next consult, drop the desperation and share from your heart, knowing that your services change lives.
Get a Deeper Dive into the Content Shared in this Blog Post on:
👉🏼 The Woman Entrepreneur Podcast or on the @NFAMoney YouTube Channel
How to Breakthrough Any and All Money Blocks:
✅ Use the NFA Money Formula™ to reprogram your money mindset and breakthrough your money blocks.
✅ Read books on mastering your money mindset. Here's my list of the top 12 money mindset books for women entrepreneurs.
✅ Surround yourself with a support system that will encourage you to own your power and expand into your highest-vibe self! Shameless plug, I have a mastermind called NFA Money Mamas - it is AWESOME. Talk to me about it by clicking HERE.
Written by Dr. Amanda - "The Money Healer"
Dr. Amanda Barrientez - known as "The Money Healer" - is the founder of NFA - No Fucking Around - Money, the host of The Woman Entrepreneur Podcast and the NFA Money YouTube Channel. She's been featured on over 150 podcasts, sharing tips on how to uplevel your money mindset to make easier money in your business.
After going from food stamps to building a 6-figure business fast, Dr. Amanda’s been on a quest to teach entrepreneurs how to transform their relationship to money and scale from their Zone of Manifestation™. Check out her proven 3-step formula at www.NFAMoneyFormula.com.
