money-guiltLast week, I started my How to Attract More Money Series. If you missed part one – feel free to check it out here (but don’t worry – you can still read part 2 below):

How To Attract More Money Part 1 – Your Money Why – Click Here to read Part 1

Now for Part 2- Releasing Your Money Shame. 

Many of us are carrying a significant amount of money shame and we don’t even realize it. Here’s a quick quiz to determine how much shame you are carrying:

Do you beat yourself up and worry about how much debt is on your credit cards?

Do you owe people money and worry every time you think about it?

Do you wish you hadn’t invested in certain programs for your business?

Are you ashamed that you aren’t far enough in your business?

Do you hide just how much money you’ve spent on your business?

Do you secretly get upset when you see others doing well, when you seem to be stuck?

If you answered yes to any of these questions, you are carrying money shame. Money shame is common and has been passed on from generation to generation. It is so pervasive that many of us don’t even know we are carrying it. It feels like a mixture of fear, guilt, overwhelm and worry and it comes up when you look at your bank accounts, your bills, and/or your credit cards. For some of you it’s present all the time.  For others it comes up only when triggered by certain events.

The way it usually shows up is through a large amount of beating yourself up. You tell yourself you should not have spent so much. You get angry with yourself for investing in programs or other expenses that didn’t pan out. You literally get scared and anxious every time you look at your bank accounts or your credit cards.

And for most of you this causes you to freeze up, procrastinate and give up. It shows up as wasting time on Facebook, watching TV in the middle of the day and shying away from actually doing the things that will generate money.

At Money 2.0 – my signature event happening April 16-18th (you can check out the event here,  we’re going to be doing some amazing activities to help you release money shame in your bodies. So, if this is resonating with you on any level, please join me at that event.

In the meantime – here’s some great ways to release shame.  

First, understand that your bank account numbers do not represent where you are now. They are a result of all of the activities that you have done in the last 6 months to the last 6 years. You are a different person in this moment. Those numbers are just information. They are guideposts to the actions that you can do now to shift both your actions and your outcomes.

Second, forgive yourself for the debt that you accumulated. Yes, genuine forgiveness. It’s Ok that you spent that money. You did what you needed to do when you needed to do it.

This part is not trivial. Many of you are carrying anger, shame, and disappointment around your debt. The best way to forgive yourself is to grab your last credit card statement (or look at it online). Look at the statement. Take a deep breath. Then repeat these statements, “I forgive myself. I am powerful. I will pay this off.” Keep repeating them until you start to feel the fear dissipate. I know this sounds a bit woo woo. I get it. But it works. I wouldn’t write it if it didn’t.

Third, understand that running a business is all about taking risks. Sometimes the investments pay off and sometimes they don’t. The key to staying out of shame around your choices is to get really smart about generating revenue. As a long-time entrepreneur and the daughter of another entrepreneur – I grew up around those who made great money.

Every successful entrepreneur I know (including yours truly) has lost money. The key is that they don’t focus on the loss. They focus on how they are going to generate more. It’s all about creating breakthroughs around your revenue.

So, if you are focusing on the fear and shame in your business – there’s very little space for opportunity and the creation of MORE. 

Understand that your numbers are who you used to be, not who you are right now. Release the shame around your debt and focus on generating revenue. You’ll start to feel better immediately.

To experience these transformations in person (and be able to embody them permanently) – you’ll want to join me at Money 2.0, my signature 3-Day event. You’ll also discover my full system on money, marketing and how to finally be able to make choices based on your desires and not your bank account. It’s happening April 16-18th and we’re filling up fast.

For more information, check it out here

Leave me a comment and let me know how you are dealing with your money shame. I’d love to help out and learn from you.


How to Attract More Money Part 1

January 22, 2015

“I’m not motivated by money” “I’m not in this for the money.” “Money doesn’t mean anything to me.” “I’m terrible with numbers.” “I never really look at my numbers.” “Money scares me.” I get these comments all the time. You just don’t connect to money for money sake. I totally get it. I don’t either. […]

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Shaking out the Sluggishness

January 15, 2015

So how’s the New Year’s energy working for you? Are you excited and ready to rock? Or do you wish that you could just slip back under the covers, turn off the alarm and go back to vacation for a bit? I bet for most of you it’s a mixed answer. A little excitement, a […]

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Happy New Year from Mumbai!

December 31, 2014

Happy New Year to you! Here’s a photo of Jai and I in front of one of the beautiful Christmas-lit churches in Mumbai. The Christmas spirit is alive and well here even though the majority of Indians don’t celebrate Christmas in a traditional way. But now that Christmas is over – it makes me wonder […]

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Mumbai Gratitude

December 23, 2014

Greetings from Mumbai, India. It has been a wonderful week here and I wanted to reach out and wish you a Merry Christmas! Here’s a picture of Jai and I in the market in Santa Cruz. This week as we arrived in Mumbai I was filled with an intense gratitude. One of my aunts said […]

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Avoiding the Hit or Miss in Your Business

December 18, 2014

During one of my Breakthrough Planning classes I received this comment: “Hey Monica, any advice for someone who’s already tracking revenue and expenses numbers, but it’s still hit or miss all the time? I used to avoid it, but now I’m avid about tracking it, yet my consistency doesn’t seem to be yielding the results […]

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Getting Through the Hard Times – Knowing Your Why

December 11, 2014

There is nothing glamorous about running a business. Once you’ve been in it a while – you know. One hour you are helping a client change her life – the next hour you are packing a suitcase, entering a business card, rushing to the airport. The “glamour” hours are rare. Not only is running a […]

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What are you focusing on?

November 20, 2014

I often read e-mails from clients asking questions like: “What should my title be?” (for the fifth time) “What is my tagline?” (should we re-do it again?) “Is my free gift OK? Should I re-write it” (for the third time) They pour over these details as they are putting their business together. And often they […]

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Where Do You Stop? Learning Your Triggers and How to Get Around Them

November 6, 2014

I was having a conversation with one of my clients the other day.  She was renewing for her second year of one-on-one work with me.  She said to me, “Monica, I love having a plan.  I know exactly what I need to do.  But I don’t always follow through on it.  And I’ve realized that […]

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How to Stop Hiding and Start Getting New Clients

October 30, 2014

“I hate Marketing.” “I hate Selling.” “I can’t seem to talk to people very well.” “Nobody wants to work with me.” If you’ve ever uttered these words, or even thought them, guess what? You’re probably like most new business owners (and some seasoned ones) out there. The concepts of sales and marketing have been maligned […]

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