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In this episode you’ll learn:
- How emotions from childhood affect our relationship to money
- Why money is a great way to get in touch with your feelings
- Joan’s financial journey as a younger woman
- How her relationships with her family affected her finances
- Where a lack of money comes from
- How to let people in
What does it feel like to you to be financially free?
Does money affect your emotions or do your emotions affect your wealth?
In this episode, finance and money expert, Joan Sotkin, shares how to earn more and get out of debt by understanding our emotional relationships with money.
Drawing upon 25 years experience, Joan guides us with the emotional principles that underpin our financial results.
As an award winning author and as the host of The Prosperity Show podcast, she’s someone who is dedicated to helping those struggling financially to find financial freedom in their lives and business.
In this episode, Joan shares her own experience and how she has helped creative entrepreneurs and practitioners to earn more and understand what it really means to feel financial free.
“Freedom is a feeling, it’s not a particular situation…it’s something you perceive” – Joan Sotkin
Items mentioned in this episode (quick access):
Financial Freedom
[00:40] Introducing Joan Sotkin.
[01:24] What financial freedom means to Joan.
[02:39] Being trapped by money.
[03:55] What it means to Joan to be wealthy.
[04:45] Understanding the market place.
Learning how to manage money
[05:30] Joan shares the story about her crystal business in the 1980s.
[06:41] Money as an energy force.
[08:20] Relationship with self and others.
[10:00] The rules of being in business and making money.
[11:40] How emotions from childhood affect our relationship to money.
[13:15] Why how you deal with money is to do with how you relate to yourself.
Love, letting go and connection
[14:18] Our need for touch and connection.
[14:45] How Joan helps people with their relationship to money.
[15:55] Why money is a great way to get in touch with your feelings.
[16:30] Recognise, release and replace – part 1.
[18:10] Why lack of money equals lack of touch.
“It’s not what happens what matters, it’s how we respond to it that matters” – Joan Sotkin
Recognise, release and replace
[21:00] How to listen and let people in.
[22:00] Habits, expectations and rejections.
[22:54] Deciding to stop grumbling. Knowing how to feel.
[23:40] Joan shares the story of her little brother drawing on the wall.
[25:45] Committing to the process of changing habits. Joan talks about her health.
Money and emotions
[26:42] Does money affects our emotions? How our feelings affect our wealth.
[28:30] Recognize, release and replace – part 2.
[29:45] What is enough?
[30:50] Learning how to feel satisfied.
[31:40] Good financial decisions and withholding.
[33:26] Spending freely.
Growing up
[34:06] Joan talks about her family and her financial journey as a younger woman.
[37:00] Managing cash flow. Joan’s ugly cashflow spreadsheet. Software.
[39:25] Growing up.
[40:17] Inspiration and other dimensions.
[41:26] Where you can find out more about Joan and her work.
[42:04] Joan offers some final thoughts.
“You have to start by writing down what you spend and what you earn – that simple” – Joan Sotkin
Other quotes from this episode (click to tweet:)
- “You have to learn how to manage the money that you have”
- “Money is an energy force”
- “People who are wealthy are usually very financially aware”
- “Money is a symbol of relationship”
- “Am I willing to do whatever it takes to reach my financial goal”
- “You just have to find the people with whom you feel connected”
- “It’s about building relationships”
- “The core of business is relationships”
- “When someone tells you they like your stuff…just let it in”
- “Once you recognize the habits you can change them”
- “We create our own life stories”
- “Are you ashamed of your finances?”
- “Most people don’t have a good feeling vocabulary”
- “Very few people are satisfied with what they have”
- “I’ve always been someone who likes to share what they’re learning”
- “They’re not going to just buy your art because it’s there”
Links and Resources:
- Joan’s ugly cashflow spreadsheet
- Prosperity Place
- Joan on Facebook
- Joan on Twitter
- JoanSotkin.com
- Joan’s podcast – The Prosperity Show
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