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The word legacy is a small word with a lot of gravity and depth.  It may conjure up thoughts of financial inheritance, rights of passage to head of household or an imprint in history.

My coach asked me a similar question last year “what would you like your legacy to be?”  Thinking about perpetuity caused me to evaluate my business plan.  My business will be the foundation for my legacy.  It will give me the platform to partner with people and/or organizations for which I have synergy.  My business will also give me the opportunity to participate in supporting causes I believe in  - women, children and hunger.

For me, creating a legacy is not only how much money I’ve made but how did I use that money to help support the causes I believe in.

Have you thought about your legacy?  How would you like to be remembered?

Do you have a cause, hobby or interest that you would like to spend more time on?  Or do you want to spend more time on income-generating activities within your business so your business will be your legacy?  Perhaps you can’t because daily administrative tasks are bogging you down.

I’m here to help.  Transition those tasks to me @ www.setufreeva.com – then go build your legacy!

As I stated in Part 1 of Women and Money, the theme of the Total Woman Business Conference was finances.

Another impressive presenter that day was Helen Kim, Money Relationship Mentor.  She discussed our sub-conscious relationship with money – stressing that we need clarity about what money means to us.  She referenced four character types relative to their action or re-action to money.  They are:

  • Under-earner – characterized by excessive volunteering, under-billing of time, bartering as a way to avoid money transactions, content to perform “cave jobs” – projects that keep them isolated. They also avoid raising rates and may resent people who have money.  They have a general belief that the harder you work the more money you’ll make.
  • Debiting – a vicious cycle exacerbated by a sense of entitlement – “I deserve…”  Helen states that debting is the manifestation of unmet needs.
  • Overspending/Over-shopping – we are in business to make money; simple arithmetic shows that we should not spend more than we make.  This type of money relationship can be triggered by:
  • Loneliness - shopping fills the void
  • Avoidance - shop to avoid an issue/problem
  • Control – you are in charge when you are spending
  • Fear – you make purchases for the sole purpose of giving it away – to abate the fear of abandonment

Helen suggest that you stop and ask yourself “how do  feel?”, “what am I shopping for?”, “do I need it?”  She also suggested a resource by April Benson “To Buy or not to Buy”

  • Under-spending – characterized by feeling you are undeserving of good fortune or a fear that you can’t handle money or a concern that you’ll “show-up” your parents by surpassing their income level

Do you see yourself in any of these character types?  Perhaps, like me, you straddle two of these types.  Through education, sharing and a more conscious awareness of our actions and reactions to money – we will have a balanced, comfortable relationship with our finances.

If you would like to have a better money relationship – check out some free giveaways from Helen Kim.