today I'm talking about money – is it giving you frustration or is it giving you freedom?

Now, when people think about money it can do one of two things.

It can make you have feelings of anger, it can make you have feelings of guilt and it can make you have feelings of frustration.

Or on the other hand, it could give you feelings of joy, feelings of happiness and also freedom.

What is it for you? Is money a bad word or is it a good word?

It's just a five-letter word but it can bring different feelings to different people.

And what I find is a lot of people have limiting beliefs around money. And today I want to touch on the three of those.

One, is I hear all of the time “I will never earn that amount of money.”

They've put this cap on themselves and their earning capacity.

And what I say to them is “You need to change these beliefs because you're just going to stay at the same level all of the time.”

An easy strategy around this is putting a percentage aside in everything you earn.

Every time you get paid, you put a percentage aside and that grows a nest egg for you

and allows you to feel like you're earning money and have some savings and have wealth around you.

The second one is “I will never be able to retire.”

There's all talk particularly here in Australia about not having great pensions

because our older population is growing and what we thought was the amount of money,

a lot of Australians thought was enough to retire on, they are realising is not because we are living longer.

And what we have to do in our lifetime is to save more and invest more.

By investing, it's compounding that money to earn you more and more because there's one thing,

you do some savings but then you have to invest it in other areas that will make you even more money than you're earning.

And so we have to be really smart about what we're doing with our money because we are going to live much longer

in that retirement and we don't want to be relying on the government

to give us pensions that may not suit the lifestyle that we're used to.

The third thing I hear people saying is “All I do is spend, isn't money meant to be spent?”

This limiting belief will ensure that you'll never have savings around you and never have money around you.

It will come in one door and out the other door. I ask people, “If there was a crisis in your life right now,

how much money could you come up with right now?

because if you needed money for a health scare or an emergency, what would that amount be?

Would it be a thousand dollars? Five thousand dollars?Ten thousand dollars?

What is it that you've got in your crisis management strategy?

If there is a crisis tomorrow, how are you going to cope with that? Before you go and spend it all, make sure that you put some aside in a crisis fund,

a bank account and make sure that it's there because things do happen in life

and sometimes you're not able to earn for some time,

if you're paid on wages or so forth, make sure that you have that crisis strategy in place.

There are my three limiting beliefs that I hear about money all of the time.

One, I will never earn that amount of money.

Two, I will never be able to retire, and three, all I do is spend.

These three limiting beliefs will stop you earning a dollar figure

that you are most capable of and it will limit your capacity into the future.

I'm Sharon Jurd, thank you for listening today. I really appreciate your time.

If you think that this video would be of value to your family, friends and colleagues please share it with them.

I want to help as many people as I can and I hope that you'll help me do that.

So thanks again, talk soon.