23. “I Don’t Have Confidence With Money” with Dr. Latifat Akintade

Sep 22

Key Takeaways

You need to spend your money wisely in order to create more money in your life. Stop hoarding it. [13:00]

Do crazy, but responsible, things with your money and teach your coaches what you’ve learned [22:00]

Get into the habit of writing down your goals and checking them off when you achieve them. This process helps us become more confident. [25:00]

Changing your money mindset will definitely change your bank balance! I’m joined by Dr. Latifat Akintade, the Money Fit MD, to talk about transforming our financial fears into freedom by healing our deep-seeded beliefs.

Listen to Episode 23 Here

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About Dr. Latifat Akintade

Dr. Latifat is a practicing Gastroenterologist and Money coach. She works with women Physicians to help stop the cycle of living paycheck to paycheck.

She helps women transform their relationship with money, so they can live richly, spend well, and develop financial confidence. Her dream is that every woman Physician will have choices, within or outside of medicine.

The Chief Complaint: “I Don’t Have Confidence With Money”

Every single one of us has stories about money we’ve grown up with. Whether these stories tell us how the best way to spend money is, how much is too much money, or about how much or little money your family had growing up, they’ve transitioned into beliefs. Unconscious or conscious beliefs that we’ve brought into adulthood that can impact our approach to money mindset, spending, and earning.

I’m joined by Dr. Latifat Akintade to talk about how we can transform our money mindset to create abundance and wealth into our lives and business. First, we discuss where our internalized money beliefs stem from and why they impact us well into adulthood.

In fact, Latifat explains how the baggage we carry with us that’s not even related to money can impact our approach to it. These experiences and perceptions impact how much money we make - and - how much we enjoy spending our money.

How to Grow Your Money Confidence

Obviously there are some deep-seeded issues when it comes to money! Which is one of the big reasons money mindset coaches like Latifat exists.

Latifat encourages you to start changing your approach to money. For both of us, when we’ve invested in a coach for ourselves, our financial stagnation stops. Suddenly, money starts coming in more fluidly.

This is why you need to go all in. You need to put your money where you’ll get true value from it. You need to give up the excuses that you can’t afford it - you just don’t want to afford it.

Latifat shares some of her best tips to help you get more confident when it comes to money. I loved the one about writing down your goals and checking them off as you hit them. Even the act of seeing your achievement helps boost your confidence levels.

Finally, Latifat explains why you need to get more comfortable talking about money. Talk about your finances with your friends, family, and peers. Normalize these conversations and watch your financial fearlessness grow!

Homework for Women Physicians

What deep-rooted fears and beliefs do you have about money? Where did they come from? I’d love to hear your comments below!

In This Episode

Why we have unconscious and conscious money beliefs and stories we’ve carried since we’re children [5:00]
Where our money beliefs could come from [6:45]
How the baggage we carry with us affects what we make and how we enjoy our money [9:15]
What value and power there is in hiring a coach [12:00]
What happens when you put your money where your value lies [15:00]
Why it’s hard to see the results we want to see when we’re not all in [16:45]
How to become more confident with your money [22:30]
Why you should become more comfortable talking about money with your peers and friends [26:30]

Quotes

“Our money and how we relate with our money is literally a consequence or a reflection of how we relate with the other relationships in our lives, with ourselves, and with others around us.” [6:57]

“I’m choosing where I want to spend my money because I’m saying that this provides more value to my life, and more enjoyment to my life, than this other thing. It’s putting your money where your value lies.” [14:45]

“You already have control of your thoughts and what money you attract into your life.” [16:00]