“You know you have this baggage. Do us all a favor and set that gunk down. Take it out of your everyday life.”
Bad money stories happen to a lot of people, and that’s okay! It’s important to acknowledge and understand negative experiences with money so they don’t continue making life hard for us in the present. Today’s guest grew up with divorced parents, and he and his mom relied on a child support check that didn’t always come when it was supposed to. It was a difficult situation for him to be in as a child and it made asking for money difficult, even as an adult entrepreneur! But for Terry, dealing with his Money Story was imperative in the success of his business and his life.
Terry Bean is an author, speaker, and relationship marketing expert. He serves as the Chief Networking Officer and publisher at onenie.com and founder of Motor City Connect, a geo-local networking space used to help communities grow and improve. With a specialty in content creation and marketing, Terry is an expert in turning influencer networks into money flow.
Tune in to hear Terry talk about the importance of not having money anxiety when putting together a marketing strategy, how a bad money story can impact your life beyond your business and career, and how branded content can really impact your bottom line.
In this Episode, You’ll Learn About:
- [6:45] The Financial Impacts of Terry’s Childhood with Divorced Parents
- [9:00] Self-Worth and the Challenge of Asking For Money
- [14:30] Making Changes as an Entrepreneur
- [16:05] Vacuuming Your Parents’ Money Anxieties
- [18:10] Not Letting Your Money Story Hold You Back From Career Success
- [20:05] What Is Motor City Connect?
- [24:10] What Terry Learned at the Gym and Cracker Barrel
- [27:15] Why You Have to Deal with Your Bad Money Story
- [31:55] What Businesses Cut and Why They’re Wrong
- [40:27] Your Money Story’s Impact on Your Life
- [47:45] Lessons from Idiocracy
- [51:47] Terry’s Work with Branded Content and Influencer Networks
Watch the episode here:
[embedyt] https://www.youtube.com/watch?v=NI4LSphgGjs[/embedyt]
Quotes:
Mindset encapsulates your being, your energy you bring. It’s all-encompassing. Your physical nature can endure anything your mind says it can.
We’re so mean to ourselves, and self-talk is such an important thing to fix. Acknowledge when it’s messed up, fix it, and that will change a lot in your life.
You know that this is something that is going to take their business to the next level. But despite that, they’ll make a counter-intuitive decision because of a bad money story that’s forcing them to play small.
When recessions happen, businesses intuitively cut two things: Marketing, which should be the LAST thing you cut, and Training.
The more you understand your market, the easier it for you to structure your language and marketing strategies to serve that audience in the best way possible.
If you have a bad money story running and it’s driving your decision-making process, at the 11th hour, if you allow that money anxiety to rear its head, you’re gonna say no to something that is probably going to help you turn your business around.
Links and Resources:
SPONSOR: Energy Mind Body Transformational Experience
The 6 Figure Academy YouTube Channel
Want to keep learning and removing Money Anxiety? Download our Free Guide here: Eliminate Financial Stress and Money Anxiety
