Magnetic Monday Live Manifesting Q&A | Your money questions answered

Magnetic Monday Live Manifesting Q&A | Your money questions answered

It’s time for another Magnetic Monday call!

This is a live manifesting Q&A, where you can get answers to all your money questions – including how to change your money mindset, how to attract and manifest more money PLUS personal finance tips to help you gain money confidence so you never worry about money again.

To get an invite for the next Magnetic Monday Q&A so you can join us live and get answers to YOUR biggest money questions, just register at: www.miriamcastilla.com/magneticmonday

It’s completely free!

Here’s a summary of this episode so you can jump straight to the bit that resonates with you – or grab a cuppa and watch the lot!

SHOW NOTES:

6min – I struggle with the spending part, mostly. So my question is, does that kind of block the flow of the abundance through me? 

18min – How do you manage the transition of your own mindset with your nearest and dearest who are not in a positive mindset? 

26min – You say “Every dollar needs a job to do” and I’m having trouble finding jobs for all my money 

36min –  I worry there won’t be enough money in ‘old age’

41min – My money is a mess! I’ve been trying to give it jobs, but I don’t know enough about investing and compound interest

 

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Here are some highlights from the call:


Rene said:
“One habit around money I would like to change is being worried there’s not enough in old age.”

As we do get a little bit older and start realising that life is not infinite in this 3D reality that we’re in, we do start thinking about that stuff. 

If that’s something that’s really bugging you, then I would recommend:

1. Look at the story

Look at what your parents modelled for you. Is that a story that you picked up because it’s what your parents either told you or what actually happened to them? 

And just because it happened to them – or it’s what they bought into – doesn’t mean it has to be your story. 

We do the hypnotic story process in Magnetic Money, and that is a huge part of it:
Realizing that it’s just a story – most of the time it’s not even your story – and that you don’t have to keep believing it. You can start telling a new story. 

That disconnects the emotional hook. 

So looking at where that story comes from that you’re not going to be okay in old age is a very important step.


2. Make a plan

On a really practical level, have a plan.

When you have a plan, you don’t have to worry so much anymore. 

In Australia, we have a great book called The Barefoot Investor. The author Scott Pape talks about this myth that you need a million dollars in the bank to retire comfortably. 

And it’s just not true. 

We have the age pension, and you’re still allowed to work part-time. And who wouldn’t want to work a couple of days a week and do something that gets them out and engages them in the community? 

He breaks it all down and shows us that we don’t actually need a million dollars in the bank! We on;y need a fraction of that!

Most people live in a state of fear trying to figure out where they’re going to find a million dollars cash and a freehold house to retire with, so it’s about 1 – shifting the mindset and 2 – actually having a clear and educated plan. 

So number one – what’s the story you’re telling yourself? And why do you think that that’s got to be your story? 

And then marrying the magical with the practical, and putting a plan together, asking yourself what your retirement plan is, what your finances are looking like, and then what needs to be a priority.

Give every dollar a job to do and look at what your number one priority is right now.


It might be: 

  • Paying off credit card debt 
  • Paying off your home loan
  • Starting to put more money away into your superannuation
  • Starting to put some money away for investing

Knowing what that wealth creation plan is, which stage you’re at, and actually knowing that you’re underway, that really settles all those fears and nerves.

That’s why to me, doing the practical side of money and not having it go hand in hand with the energetic and the mindset stuff is madness. 

And the same goes with the energetic and the mindset stuff. 

That’s all very well, but if you don’t walk the talk, then you’re still just hoping for the best. And at worst, you’re repressing all your fears and pretending everything’s okay because you’re not willing to step up to the plate and actually take care of your money. 

When you do take care of your money and you put that plan in place, then you can relax and spend a certain amount of money on yourself without worrying – because you know you’ve earned enough and that money is earmarked for having fun. And all the other stuff that your money needs to do is all being taken care of as well because every dollar has a job to do.

Some of those dollars have the job of helping you to achieve financial stability and financial freedom, and some of those dollars have the job of helping you take of yourself, feel great about yourself and enjoy life along the way. 

And that helps to raise your vibration, keep shifting your mindset around how abundant life is, and then allows MORE money to flow, which means there’s going to be even more dollars available to grow your wealth. 

And it builds and builds and builds.


NEXT:

Kim asked:
“I give my money jobs to do – all the bills are paid and I started a business so that I could have that, but I don’t know what to do with the leftover. There’s not a lot leftover, but enough that I know I should be doing something with it. I don’t know what to do with it.”

In Magnetic Money, we set up a ‘bucket system’ where there are different buckets of money that serve separate purposes.

There is one bucket that pays the bills.

Another bucket is your fun bucket and discretionary spending (ie. groceries).

Then there’s the wealth creation bucket. 

(Forget about the word ‘compound’ for a moment if it confuses you.) 

The wealth creation bucket is everything that has interest attached to it.

Things that charge you interest could be:

  • Credit card
  • Mortgage 
  • Car loan

But then on the flip side, there are things that you earn interest on such as investments and term deposits.

So that wealth creation bucket is everything that has interest involved.

What compound interest means is (and it doesn’t really work like this but it keeps the numbers simple): If you have a credit card owing $1,000, and you’re charged 20% interest per annum, in a year you’re charged $200 interest. If you don’t pay that down, then you’re going to be charged interest on that $200 as well as the $1,000 that you already owe.

So if you don’t pay that down, you’re going to be charged interest on the interest and so on.

And that’s what compound interest is – it’s the interest making more debt babies.

It’s like this family tree that’s working against you.

What we want to do is make sure that some of your money is being pointed at that bucket.

This is a really great job to give some of your money, as it reduces that debt effect as quickly as possible, and tips the scales into starting to grow your wealth.

That’s a super quick lesson on how we do it.

Want to join me LIVE for the next call?

I’d love to help you master your money and your mindset so you never feel like you need to worry about money again.

Just register here to receive your Magnetic Monday invitation: www.miriamcastilla.com/magneticmonday

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The easiest way to save money – even when money feels tight

The easiest way to save money – even when money feels tight

If you’re somebody who would LIKE to save some money, has been told they SHOULD save money, and thinks that it would be NICE to have some to spare, then this tip is for you – so stick around!  
 

I’m going to tell you an easy way to save money – even when you feel like you have none to spare.

 

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Here’s the thing, we all know that it’s really important to start saving some money and put it aside – whether it’s for investing or just for a buffer in case of emergency. 

And also to start creating some positive energy around money. 

But when you’re so broke that you just have nothing to spare… What do you do?

What’s an easy way to save money – something you can do even when you have barely any?

I’ll tell you what I did because I went through a stage where my total income for the year was $10,000, and my rent was $320 a week! 

If you do the maths, you can work out that that doesn’t actually stack up. 

To this day, I’m not quite sure how I got through it, but I did.. and this little tip helped a lot!

The bottom line is, I was broke and I was miserable. 

I was obsessed with how broke I was. It was all that was churning through my head, night and day. I was like a human calculator that couldn’t switch off. 

I realised that I needed to change. Not just my thinking and my energy, but also my habit pattern. 

I needed an easy way to save money.

I needed to get into a pattern of putting some money aside. And showing myself that I did have money to spare. 

I did a very simple thing, and you can do it too – no matter how broke you are.

Here it is:
When you go out to buy groceries or whatever it is, use cash. Use cash for everything, and only spend notes. 

What it’ll do is it will make you think twice about breaking that note. 

It also creates all this change which you can then save, and I promise you, you will not notice the difference. 

So I did this. I spent only notes, I kept all the change and I would bank it at the end of the month. 

The first month it was about $64 which was a fortune to me at that time. 

I had $64 to put into a dedicated savings account. It made me feel rich. 

This changed my energy around money. It changed my vibration around money, my thinking pattern around money and my habit pattern around money. 

This one little thing is so powerful – and you can do it too!

Let me know in the comments – have you ever tried this? What do you do to save when money feels tight?

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Become more magnetic to money with this practical tip

Become more magnetic to money with this practical tip

Today I want to share a really simple trick that will help you become more magnetic to money and put you in the driver’s seat when it comes to money. 

This will also help you feel more empowered around your money.

A lot of people track their income, and you might be one. 

But do you track your expenses?

And yes, I know that at the end of the financial year, you can look back at your expenses, or you can refer to your bank account, but do you actually track your spending as you go? 

 

What’s more, I would challenge you to not just do that, but to do it on PAPER, because THAT is what makes you more magnetic to money.

 

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When you track your spending on paper, you’re basically spending on paper, and it’s a really powerful thing. There is so much that comes out of it.

Here are a few reasons why this is totally worth your while doing:

The first reason for this is that when you actually have to write down every single thing you spend – and I’m not just talking business expenses, I’m talking personal expenses, coffees, lunches, magazines, that extra pair of earrings, that pair of shoes that you snuck past your husband and got rid of the box before he got home. I’m talking about all of that, right? 

When you have to write it down in your little pocket notebook, then you think twice about it. 

It makes you automatically self-correct in the actual act of spending – you make more deliberate choices in the day to day moments. 

So particularly if you’re somebody who’s a little bit impulsive or just whips out the card and uses the payWave function everywhere you go, then this is going to really make a difference. 

Because you know what? Even if you’re just lazy enough to get out the pocketbook afterwards – and that makes you spend a little bit less money – that’s a really good thing. 

The second reason why this is really powerful, is that you can then actually add that all up, project it for your annual expense on each individual item, and you can see, ‘How much do I spend each year on just the odd cup of coffee? How much do I spend each year on clothes? How much do I spend each year on entertainment? How much do I spend each year even on groceries?’ 

And then you can make some really empowering decisions and choices. 

Because I promise you that when you look at that and you look and see that you are spending the equivalent of $7,000 per year on just coffees and having your favourite Italian sweet – which some of us love – and it adds up to thousands a year, that’s going to make you sit back and think.

And then you can make some really empowering choices. You can actually say, ‘Okay, I still want to have that thing. I still want to enjoy that thing. But I’m not willing to pay that price for that pleasure and that joy. So here’s the price I am willing to pay for that pleasure and joy.’

And then you break it down, and you work out what your weekly budget is for all those extra beautiful little luxury things. 

When you do it like that, you’re coming from a place of power, not a place of lack. 

You’re taking control of your money. And you know what? Your money loves it when you take control of it. So when you take control of your money, it just feels good – you’re in control, you’re in charge, and when you run out of that little bit of extra pocket money for those special luxury items, you can actually sit back and go, ‘Cool. I know that I’ve hit my limit, I know that when I stop now, it actually gives me all this extra free available disposable income that I can use to pay off credit cards, to save for a holiday’ – to do anything you choose. 

By planning, you actually get to be excited. You get to be excited about what it is you’re doing with your money. And there’s a lot of power in that, not just from a practical level, but also from that magical vibrational level, because I’m all about blending and marrying the practical with the magical. 

This practical stuff is what makes you more magnetic to money.

And that’s when you can step into your power and you can straddle the best of both worlds. And it’s incredible, baby. 

So if you’d like a very helpful tool to help you with that, you’ll find it in the description below.

Until next time, stay happy!

The tracker is getting a facelift right now, so for the time being, I recommend you get stuck into my juicy Abundance Manifesting training:

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How to stop feeling guilty about the money you spend

How to stop feeling guilty about the money you spend

Do you feel guilty spending money on yourself? 

Let’s talk about that and let’s talk about why it stops more money from coming into your experience.

Maybe you’re in this habit of saying, “Ah, not yet. I won’t spend that money on myself just yet. First I need to hit a six-figure income,” or “When I have my first big month,” or “When my launch does this,” or “When I have this many clients,” or “When I put my price up to X number.”

The thing is that what you will notice if you’re really honest with yourself is that you keep moving the goalposts. You keep finding excuses and you keep skimping and putting yourself last, feeling too guilty to ever really spend that money on yourself.

So my question is: When will you feel ready?

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3 tips to help you build a savings buffer when you’re a Spender

3 tips to help you build a savings buffer when you’re a Spender

If you’re a Spender Money Habit Archetype, what that means is that all the money that tends to come into your life, quickly flows out again. 

You always end up back at square one. 

It’s always the feeling of living hand-to-mouth and it really has very little to do with the level of income that you have – it’s more to do with the PATTERN being that the money that comes in, all disappears again – it gets swallowed up by bills, unexpected expenses, all sorts of things.

Sometimes you’re not even quite sure exactly where it went except it seems to be gone!

So, when that’s happening it can be really hard for you to build up a savings buffer. That’s frustrating, and sometimes, scary.

The reason that it’s not happening, is because you building up and accumulating savings is not a match to the Spender Money Habit Archetype, and that pattern is being informed, fueled, and created by an underlying STORY, an underlying belief system that says, “Money can’t stick around here, it’s all got to go!” 

So what can you do about it so that you CAN start building up a savings buffer?

I’m going to give you three tips:

 

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Number one: First point of call is to figure out what that underlying story is and start to shift it.

I want you to think about this Money Habit Archetype pattern that’s showing up in your physical 3D reality as a clue, as the tip of an iceberg. 

It helps you figure out where this iceberg is, and once you’ve located it, you can work your way down into the deeper levels of your mind and into your unconscious and figure out what that story is underneath that’s creating this effect at the reality, 3D, visible, tangible level. 

What do you hold to be true at the unconscious level.. whether it’s good or true or not.. what is your unconscious story that you’ve taken on that is playing out in this way?

One of the quickest and easiest ways to do that, like I said, is by uncovering the Money Habit Archetype, putting your finger on it, and then working your way down. 

I have a quiz to help you do exactly that, the link to that is in the description. 

So, jump on that, do the quiz, confirm you are a Spender Money Habit Archetype and then I will send you a sequence of emails to help you uncover that story at the unconscious level so that you can untangle, disconnect it, and transform it to a much more helpful and empowering story. That is step number one.

Now, the second step you want to do is, you’ve got this ingrained long-standing habit, and what you want to do is you want to outsource as much of that as possible to a SYSTEM that will take it away from the spender in you and do the right thing with your money.

So something as simple as setting up an automated transfer of savings every single week – the more frequently the better – even if you do a dollar a day to begin with that’s fine, you won’t miss it. 

It just becomes this thing that fades into the background, but the trick is, send it to another bank where you can’t see the money, where you kind of forget all about it. Then, you only look at it every 6 months, or maybe you set a calendar reminder that you can check up on it quarterly.

Outsourcing the habit of accumulating savings to a system, means that it’s not up to you to constantly look at all this money, juggle what’s in your hands, and then have to put some aside. 

That is not in your nature, and that is not what you’ve been conditioned to do. 

So OUTSOURCE that and make it as remote and removed from you as possible. Give the money to your mum if you must, whatever it takes!

The third tip that I want to give you, is you need to set up some rules and make it really hard for you to get at that money.

Rules like: there is no ATM card for that account and there is no easy internet access to access that account.

You want to take away the temptation of dipping into that money. 

You can do things like put a second signatory on the account, so someone else needs to sign for you to even get to that money, or even put it in someone else’s name… but if it’s going to be a significant amount of savings then be careful because if you want to then maybe use that as a deposit to buy a home, you could have trouble proving that’s your own savings, so just keep that in mind. 

Or make it even easier, just give someone else the password!

Get somebody else to have your internet password and change it – somebody you trust obviously – and then that means that if you need to look at that money or want to access that money, you’re going to need to give them a really good reason which you will set out for them beforehand.

For example, “If I come to you and this and this and this is what’s happening, then you give me the password so I can access the money. If I don’t give you a good enough reason, or you don’t quite believe my reason, then you don’t give me the password.” 

So you have to have a really good relationship with this person, but I know you have someone like this in your life. What you can do is ask them to just kind of check in with you, and give you those status updates and say, “Yep, it’s up to this amount,” so you don’t even have to go check how much money is in there.

So set up the rules and make it hard for you to get to it. 

As much out of sight out of mind as possible. Outsource the actual habit to the system and then remove yourself as much as possible so you can’t give in to temptation.

Before you know it, that will become a new habit and it’s just what’s going on. You won’t even think about it anymore.

So, shifting the habit pattern, this practical stuff I’m talking about, what it’s going to do for you is that, to your mind, to your unconscious mind, that’s actually a change to the old story. 

It’s actually proof that the old story may not be true, which helps you shift it. 

If at the same time you’re doing what I suggested, do the quiz and follow the guidelines I give you from there on to start to untangle and change that old story, then you’re coming at it from both angles.

Between the two, that is how you fast-track and how you start to really shift that pattern so that you can start building up that savings buffer even though your Money Habit Archetype is that of a Spender.

It does not need to mean you can’t do that for yourself.

So, make sure you start with the quiz & have an amazingly, wonderfully, transformative time with this. 

I’d love to hear your stories and how you’re going! Maybe bookmark this post and put it in your calendar for 12 months time and then come back and tell me how much money you’ve accumulated and let’s celebrate!

Until then, make sure you keep on embracing your beautiful and unlimited potential.

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