Collective magazine is by far my favourite magazine, and I’ll listen to just about anything Lisa Messenger has to say… but I have to admit, “Money & Mindfulness” wasn’t even on my ‘Books to Read’ list. I’m okay with finances and I can balance income and expenditure, but finances and money in general aren’t topics that thrill me.
Coming closer to the end of my course and wanting a little more insight on how to manage what to do next made me download “Money & Mindfulness” though, and things changed from there… This is a great book! It’s not all about facts and figures and the mathematics of finances, but things like why we earn money, what drives us, how much do we think we need, the feelings we have towards it, generosity and what risks we’re willing to take. So many insightful things!
One of the highlights for me was reading what Lisa had to say about how wanting to make money for the sake of having it and thinking that money alone will make you happy won’t work. You need to see money as a means to an end. A way to change the world and enable you to live the life you dream of. I totally agree with this. Money can’t buy you happiness, but it sure does allow you some freedom to make choices.
To do this though, you need to know the ‘what’ and ‘why’ of why you want to make money, just saying to have freedom and be able to make your own choices isn’t enough. You need to know what this looks like for you, for example, as I understood Lisa’s words, for me freedom is being able to work from anywhere in the world at any time of day – having the flexibility to fit ‘work’ in and around the things that make me happy… If work includes that, then bonus! Lisa goes on to explain the need to know the exact income you desire, a timeline to get to your end goal and what you will do to earn this money… these are things I’m still working on.
Another important part of money that Lisa delves into is what to charge for your products or services. This includes not only the final dollar amount that goes to the customer, but also how much your time, health and wellbeing is worth. The line “Would you burn a $5 note” (p128*) really got me thinking about how much my time is worth. This part of the book makes “Money & Mindfulness” worthwhile alone if all you’re interested in is pricing.
Knowing who to have around you is another thing business owners, freelancers and entrepreneurs need to know. Lisa talks a lot about the main business supports, the need to hire to you weaknesses and finding people who either share your dream and vision, or are willing to support it. Also what sort of set-up and costs starting a business might involve, as well as insurances.
One last take-away for me from “Money & Mindfulness” is that I need to stop waiting until everything is perfect (in my mind!) to start… that’s what Etsy and eBay are for J
“If you had all the money you ever needed, what would you be doing with your life right now?” – Lisa Messenger (Money & Mindfulness, p249)
Time to get some plans into action!
*Side note… I read this book on my iPhone through iBook’s, so I have no idea how my page numbers line up with other people’s iBook settings, or the actual physical book…