“How Business Leaders can Develop a Healthy Money Mindset – Benefitting their Organisations”
Share this
By John Castro, CEO of Investment Mastery –
Regardless of the prosperity of the organisation, often the atmosphere around money and personal finances in the offices is quite tense. Some people might think that they should not tackle the topics of salary or investments with their colleagues as it might make them be perceived as overly confident or well-off, or quite the opposite, they may refrain from seeking financial advice and discussions due to insufficient knowledge. But as a business leader, you can play a key role in injecting a healthy approach to all the money-related topics in your organisation. Here are the steps you and every other member of the organisation can follow to alter their thinking about money.
Ask yourself some critical questions
In order to be a good influence on your organisation, you first need to get into the core of your relationship with money. Give yourself some time and discover what limiting beliefs around money you might be carrying around? For example, do you believe that savings are strictly for a rainy day? Do you avoid investing in fear or losing everything? Do you hold any biases surrounding people who are well-off or impoverished? 80% of success boils down to the right mindset, so if you hold some unfavourable views on finances it will translate directly into actions.
Examine each limiting belief
Each of the beliefs that we hold comes from the outside. Either from the experience, someone else’s story or it was engrained in us when we were very little. Very often, even though our financial circumstances changed we still persist in the old pattern of thinking, for instance, if your parents barely made the ends meet and money was always an issue, even though your situation might be completely different now, you still hold that limiting belief that your financial condition is in danger. In consequence, you might back off from any type of investing and risk-inducing decisions.
Invest in financial education
After you unpack your personal relationship with money and embark on a journey of introducing a healthy money mindset in your organisation, you can arrange a financial education course for your employees. Of course, you do not need to be the one leading it. Organisations such as ABC and XYZ can help spread knowledge about finances, foundational skills, and psychological factors and engage your co-workers through a wide range of online webinars, workshops, tasks, and presentations.
Consult with a mentor
Financial mentors can support you in getting rid of money-related biases and contribute towards the development of a healthy mindset. They can equip you with the right tools, strategies and practices on how to successfully navigate your personal and organisational budget as well as how to develop a growth mindset when it comes to investing.
Read as much as possible
Getting inspired by successful entrepreneurs, founders and investors and gaining new knowledge on financial strategies, planning and risk management will always benefit you in developing a healthy mindset around money. You can use plenty of free, online resources such as YouTube videos, podcasts, and books talking about personal finance, small business and startup operations.
Put theory into practice
All the theory in the world is not worth it if you do not put it into practice. So, start with small steps. Look at one of your limiting beliefs and the consequence it has on your decisions either in a private sphere or in your company, and start to take the voluntary risk by doing something opposite to your former belief on a small scale.
Remember that as with every practice, it will need to take time for you to feel confident in following another way of doing things. However, the more effort you put into it, the more progress you’ll notice in your confidence in decision-making and financial risk management.
About John Castro, CEO of Investment Mastery
John is the CEO of Investment Mastery, an e-learning and online training company dedicated to educating beginner investors on how to use the Stocks and Crypto Markets to create financial independence for themselves and their families. From humble beginnings, John thrived for success at a young age, which has seen him involved in many business ventures throughout his 20s, using his impressive sales skills to produce untapped revenue for several 7 to 8-figure organisations.
Today, he has harnessed his ability to understand human buying behaviours, build high-performing teams and his methodology of keeping business very simple, to take Investment Mastery to new heights, which has seen over 25% growth year on year since 2017. Using Investment Mastery’s investing methodology, his investment portfolio grew 147% in 2021, and now, still only in his 30s; while embracing the ongoing evolution of the e-learning industry, he is leading Investment Mastery through a transformational plan to expand internationally with a plan to 2.5x the business in the next three years and champion the combination of EdTech with FinTech through the ever adapting Investment Mastery membership platforms.
About Investment Mastery
Founded in 2003, Investment Mastery is a premium training and education company delivering easy-to-follow and profitable trading and investing strategies.
Today, Investment Mastery delivers over 47 training seminars and workshops, online and live in-person, annually. They have educated over 15,000 people across 25 countries, while also developing and delivering industry-leading online support and training that is delivered in three different languages.
Led by founder and chairman Marcus de Maria and his expert team of real traders and investors in the fields of stocks, cryptocurrencies and forex, Investment Mastery’s training education is influenced by the exact same proven techniques that Marcus uses to trade and invest his own money.
The team at Investment Mastery do not just help clients to strengthen their finances, but their mindset too. This helps clients uncover, address and breakthrough their limiting beliefs behind wealth creation and find their reasons ‘why’. This unique approach is what sets them apart from other wealth creation educators and is why clients achieve such incredible results.
