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A Powerful Money Mindset Exercise

Even though I worked as a CPA and Financial Planner for most of my career that does not mean I had the mindset needed to be a wealthy woman.

I grew up in a middle class family with “enough” but we were certainly not wealthy. I used to often ponder why some of my Specialist Doctor clients would earn very large sums of money and still be technically broke! I have since come to understand it is all about mindset.

I have learned  most of what I understand about having the right mindset around money from the personal development I have done over the years. Check out my video here where I talk about a great exercise that the students in an investment seminar were asked to do to discover their paradigm around “having money” (the ability to keep money).

Once you have seen it please leave me your comments below.
[youtube]http://www.youtube.com/watch?v=g_d-RG6t8T4[/youtube]

It is a great exercise so I hope you are willing to give it a go.
Leave me some feedback below to tell me if you are willing to play and
•    How long do you think you can keep it there
•    Where would it be blown if you don’t
•    What would you be concerned about?
.

37 thoughts on “A Powerful Money Mindset Exercise

  1. Linda G. Cox

    Sue~
    My husband and I have spent a bunch of time exploring our thoughts about money. We first started when we read Rich Dad Poor Dad, that was the beginning of getting out of the rat race. I don’t carry or spend alot of cash. Most of my spending takes place with debit cards, so carrying the cash isn’t the challenge. I’m like you, I’ve worked on creating a prosperity mindset~ and it will lead to the freedom that I love!
    Linda G. Cox recently posted..6 Mosquito Netting Prevents Malaria and Saves Lives!My Profile

    1. Sue Post author

      Linda, Rich Dad Poor Dad was the start for many people. Dolf deRoos that I talk about in my video worked with Robert and taught with him. This exercise was one of several I have seen them do to get people to get in touch with where they are. I thought it was stupid in the beginning and then I realized I did not like carrying cash as I felt unsafe – mine was more about losing it. It is interesting what comes up when people do it.
      Sue

  2. Don Enck

    Hi Sue,
    An interesting challenge that you are suggesting. If I think back…I haven’t carried any money on me in probably the last 30 days. As a society we are moving away from cold hard cash and the convenience of electronic payment. Like Linda, I use my debit card for just about everything.

    Not too long ago I took part in a similar “test”. The task was to put more money than you usually carry in your pocket and then go out and about in your regular day. To go with the idea of knowing that whatever I’m looking at that I could buy if I choose to…I have the money right here in my pocket. The goal was to get over the “I can’t afford it” thinking.

    Recently, my wife and I took a class at our church entitled “It’s Not About The Money” based on the book by the same name from Brent Kessel. It was a real eye opening experience and a different approach to the mindset of money. This is a topic that I believe we all should continue to work on.

    Thanks Sue!
    Don Enck recently posted..Are You A Living Legend Creating A Lasting LegacyMy Profile

    1. Sue Post author

      Hi Don
      Don I agree we should all continue to work on this one. I think most people these days do not carry much cash. Debit cards are good but the credit alternative is used by too many people.
      I think any of these exercises help us identify what is going on for us. I have sat in so many trainings over my years working with various speakers on wealth creation and I have not seen too many people who have no issues around money. Even it they have lots 🙂
      Take care
      Sue

  3. Kim Jensen

    I’d lose it on my kids!(over and over again) I swear…’they know’. If I have it they come a runnin. Makes me consider alternatives, I know…sell the kids! No, no that would be impolite. I really am having a hard time with this one. Well gives me something to mull over, now doesn’t it? Thanks for the mind play Sue. Your friend, Kim
    Kim Jensen recently posted..Deciding- Kickin’ the ‘Buts’My Profile

    1. Sue Post author

      Hey Kim that is funny. Mine are grown up now but I remember that well.
      When my daughter was about 3 she wanted something when we were shopping and I told her I did not have enough money with me. To which she replied “put it on one of those cards” – now that made me think!
      It is a very interesting topic.
      Thanks Kim, take care
      Sue

    1. Sue Post author

      Hi Al
      No I have not read Jordan’s book but it sounds like I should check it out. Thanks for the tip.
      Sue

    1. Sue Post author

      Hi Ryan
      It is a powerful exercise. What a great idea to carry more money when going into a business meeting with higher levels of energy. That is a great idea and I will try it.
      Thanks for the feedback.
      Sue

  4. Oliver Tausend

    Hi Sue,

    I love this video and this message. I know some of Dr. de Roos’ lesson’s from Robert Kiyosaki’s coaching programme. I could listen to him endlessly, awesome teacher.

    I did this exercise with 500 € (710 AUD) – and the fears you mention in your video set in: fear of loss, fear of theft, fear of wasting it and all that good stuff.

    I was able to keep it for four weeks.

    The key is: If you are afraid of losing 500 € in cash, you’d better not start getting rich.

    It’s not the same effect with credit cards.

    The more posts I read and videos I watch from you, the more I realize that we have a lot in common, I’m also a financial planner (S-quadrant) and was far away from having a mindset of wealth.

    Have a blessed weekend.

    Take care

    Oliver
    Oliver Tausend recently posted..Change Your Point Of ViewMy Profile

    1. Sue Post author

      Hi Oliver
      Great to hear you have done this exercise and thanks for sharing what came up for you. It is amazing what we have buried there. I also agree it is not the same with credit cards and your key point is the crux for me too. I think that it is far better to test ourselves on this amount of cash than wait until we get rich and then lose it all – oh you have just prompted my next post!

      Oh I did not know you were a financial planner too – and yes it is the S quadrant. I argued with Robert on that one many years ago as I did not want to accept where I was. I am grateful I have moved on!

      Oliver you too have a wonderful weekend.

      Sue

    1. Sue Post author

      Hi Wayne
      If you figure out how much you need to carry to start stirring up stuff I would love to know. It is fun although I have seen some people go into fear.
      Thanks for commenting
      Sue

    2. Sue Post author

      Hi Wayne
      For some reason some of the comments I was getting on this post ended up in spam. None of them were anything like spam either! I have now found this one from you. Did you start playing the exercise when you got home on the Monday? Let me know how you have gone with it.
      Take care
      Sue

  5. Belinda Cunningham

    Hi Sue
    I to never carry much cash and it seems to just sit and sit in my wallet without getting spent. I always have a copy of a hundred dollar bill on my desk in the car and in my wallet. I have also played a great free online game the millionaire money game http://bit.ly/cX8C8D Over a 6 week period you get given money every three days from the bank of the universe. You must spend the money, you can’t keep it. Starts with a few thousand and quickly builds to 100,000 until it reaches $1m. Interesting to see at what stage I found it hard to spend all the money. Just plain ran out of desires. Comes a time when you just have to start giving it away. Unreal feeling. Same sort of thing, trying to get you to feel there is an unlimited supply of money in the universe as there is. Powerful.
    Belinda
    Belinda Cunningham recently posted..Exploring the WordPress dashboardMy Profile

    1. Sue Post author

      Hi Belinda
      For some reason this comment of yours ended up in my spam! I just checked my spam and there were also some other great comment there. So not sure how that happened.
      Well carrying cash in your wallet without spending is part of what this exercise was about. Many people cannot keep it. Sounds like you have participated in some interesting games around money too. I love the idea of running out of things to want to buy. I will check out the link.
      Sue

  6. Jennifer May

    Hey Sue! Awesome video and what a powerful exercise! I personally do not carry cash on me very often but I can truly see the value in this task. It will allow us to integrate that even though we have money, we do not always need to spend it on things that are not needed.

    I have recently worked very hard on implementing paying myself first before anyone or anything else. It truly does work if you can create it as a good habit in your life. I am very happy with my results so far!

    Great video and definitely going to test your exercise!
    Jennifer May recently posted..Closing Prospects- How I Closed 61 Prospects In ONLY 60 DaysMy Profile

    1. Sue Post author

      Hi Jennifer
      Thanks for your feedback. Good on you for paying yourself first. That is an excellent habit. Hey and if you do test my exercise please let me know how you go.
      Take care
      Sue

  7. Darlene Davis

    Sue,
    Count me IN—I want to play. Can’t quite go to $1,000, however it will be a significant amount for me. It will be interesting to see how long I can keep it and what will be tempting to spend it on.

    There are some lingering issues with money that I’m looking forward to understanding.
    Darlene Davis recently posted..Whacking Limiting BeliefsMy Profile

    1. Sue Post author

      Darlene I knew you would play 🙂
      I think everyone has lingering money issues. Robert Kiyosaki used to say he still had “the poor fat boy trying to get him”. That was when he was already worth many many millions. The thing with him is though that he can catch himself pretty quickly.
      Let me know how you go with it.
      Sue

  8. Pingback: Will your thinking allow you to Get Rich?

  9. Sue Post author

    Hi Louise
    It is an interesting exercise and one most people have stuff come up around.
    Thanks for the comment on my videos. All encouragement helps 🙂
    Sue

    1. Sue Post author

      Hi Berneice
      I am happy for you to place the content on your website as long as it is linked to mine and credited to me. I assume that is what you would do anyway.
      Let me know.
      Sue

  10. Lakeshia Ruhlin

    Completely understand what your stance in this matter. Although I would disagree on some of the finer details, I think you did an good job explaining it. Sure beats having to research it on my own. Thanks

  11. Games Blog

    Very insightful article. I loved reading it and will drop by in the future to look at any new articles you might have composed. How frequently do you attempt to refresh your webpage?

    1. Sue Post author

      Thanks for the comment. I write a new post pretty much every week. I reply to comments at least every second day.
      Sue

  12. Games Blog

    Really informative content. I appreciated looking at it and will drop by again to see what new articles you have finished. How frequently do you try to update your webpage?

    1. Sue Post author

      Thanks for dropping by and for your comment. I write a new blog post about once a week. When I started it was daily but now more like weekly. I reply to comments at least every second day.
      Sue

  13. Adam Robinson

    This seems like a really good mind exercise, Sue. It’s really hard to control NOT to spend money on hand. There was a quote that said, “You cannot spend what you do not have…” It basically means not to carry money on your pocket so that you won’t be tempted to spend. This exercise is the complete opposite having the same goal. Quite intriguing.

    1. Sue Post author

      Adam it is intriguing for sure. The people who participated in the seminars had so many various objections to the exercise. For me personally I am afraid someone will rob me when I have too much money on me. Others are afraid they will lose it, spend it etc.

      Try it sometime 🙂

      Sue