How Your Money Mindset Influences Your Behaviour

EP 143 Episode Cover Lesley Thomas

How Your Money Mindset Influences Your Behaviour

How Your Money Mindset Influences Your Behaviour

Lesley Thomas is the founder of The Money Confidence Academy and host of the Let’s Talk Money and more’ Podcast. Lesley works with service based business owners and entrepreneurs, to help them improve their relationship and confidence about money. The more, we own our Money Story, the more we inspire and empower those around us.  The more we defy the belief that money is not for us and talk about it from a place of confidence, the bigger the wave of change.

Having already created a very successful family business over 16 years ago, she understands the intricacies and financial responsibilities involved in owning your own business. With a considerable corporate background in sales, creative marketing and mentoring, across global joint ventures, Lesley developed a keen interest in the power of building strong relationships and synergies, resulting in an impressive portfolio of over achieving on targets. Although Lesley is an advocator for practical business principles, she also believes that in order to lead a lucrative business, you have to create a brand that sets you apart.

An ex-pat from Wales, when Lesley in not working on creating powerful money make-overs for her clients, she can be found at her home in Wiltshire – with her amazingly supportive husband and two sons, or treading the boards in her local village hall, microphone in hand, or accompanying her family to the Alpine mountains, to indulge in their favourite outdoor pursuits .

In today’s episode I chat with the author and the founder of The Money Confidence Academy, Lesley Thomas, where we discuss a subject some people are uncomfortable discussing “money”.  Lesley shares valuable insights into our money mindset and how money can impact our self-worth.  For psychology practitioners or business professionals we chat about pricing your services and conversations that come with this.   We also highlight the relationship between your mental toughness and money.

Key Learning Points:

  • A confident relationship with money starts with having a confident relationship with yourself.
  • Our relationship with money starts around the age of 7 years old, based on what we hear our parents say about money.
  • We often connect our relationship with money with our self-worth.
  • When setting goals pure financial goals are not particularly motivating for a lot of people as they don’t create an emotional connection.
  • See money as an enabler.
  • Social comparison is harmful.
  • When pricing your services consider the results that you are bringing for your clients.

Connect with Lesley Thomas:

LinkedIn

Website – The Money Confidence Academy

Connect with David Charlton

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Useful Podcast Episodes

Ep121: Doug Strycharczyk and Dr John Perry – What Is New? Developments in Mental Toughness Research and Practice

Ep128: Paula Eddy-Wilcox – Can You Show Vulnerability and Be Mentally Tough? Yes!

Ep132: Kevin Stansfield – How Lessons from Golf can help with Game of Business

Ep133: Christina Flach – Why Mental Toughness is Important: Lessons from Sport, Business and Loss

Ep139: Steve Beharall – Steve Beharall’s Journey from Football Coach to CEO

Other Useful Resources

Blog – How to Find Your Why 

Blog – 5 Reasons team captains should work with a Sports Psychologist

Blog – Mental Toughness is a Hugely Valuable Trait

Blog – 5 Ways to Create a Psychological Safe Sporting Environment

Blog – Mental Health Guidance for Coaches When Supporting Athletes

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Also, kindly consider taking the 60-seconds it takes to leave an honest review and rating for the podcast on iTunes, they’re extremely helpful when it comes to the ranking of the show and we read every single one of them!

David Charlton

Best Wishes 

David Charlton

Global Sports Psychologist who is located near Newcastle Upon Tyne, UK and willing to travel Internationally.  David also uses online video conferencing software (Zoom, Facetime, WhatsApp) on a regular basis and has clients who he has supported in USA, Canada, South America, UAE, Australian and New Zealand.  

Managing Director – Inspiring Sporting Excellence and Founder of The Sports Psychology Hub.  With over 10 years experience supporting athletes, coaches, parents and teams to achieve their goals, quickly. 

T: +44 7734 697769

E: [email protected]

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    How to Deal with Self-Criticism using Self Compassion – Final Part

    EP 131 Episode Cover David Charlton

    How to Deal with Self-Criticism using Self Compassion – Final Part

    David Charlton

    By working with David Charlton, you and your organisation will be better equipped to rise to modern day challenges and better informed to thrive on and off the pitch, course or court.  Where he inspires individuals and teams to:

    • Cope with pressure and challenges more effectively
    • Maintain positive mental health
    • Compete with confidence more often
    • Manage your emotions better
    • Improve your commitments levels

    David is a Mental Toughness Practitioner, as well as a Health Care and Professions Council (HCPC) Registered Sport and Exercise Psychologist.  He has successfully supported athletes, teams and organisations for over 10 years in order to ensure that they perform at their maximum more often.

    He has a comprehensive knowledge around the development of Mental Toughness, a plastic personality trait, which determines or limits people to deal effectively with change, challenges and stressors. In today’s climate, during the Coronavirus pandemic this quality is becoming more and more valuable to individuals, teams and organisations. 

    This episode is the final part of a three-part series where I’ve tried to help people recognise that to develop Mental Toughness it is not simply about “being tough” or “egotistical” there is more to it than that.   The series of episodes have looked at self-criticism, which we can all find difficult at different times and in different situations, from a variety of angles.  I’ve shared sporting case studies, and why and how having a self-compassionate approach can be helpful.  

    This time we look at competitiveness and I highlight when things go wrong how hard it is for some people and how they internalise losses.  Also featured is an exercise to help you in these circumstances – “How you would treat a friend” which you can apply to yourself so you can move on from defeats in a different manner and sleep a little better that evening!

    Key Learning Points

    • Competitiveness is a strong desire to be more successful than others.
    • People who are competitive dream about winning, they love the feelings of beating rivals.  
    • Real competitors thrive off pressure in clutch situations.  They love the challenge too, for example taking the decisive penalty kick to win a tournament, they’ll out their hand up.
    • The downsides of being extremely competitive include jealousy of others, very high emotions in sport and corresponding outbursts.
    • A large degree of self-criticism can also be a common behaviour of “the serious competitor” which can work for and against them.
    • To counter the self-criticism, self-compassion is a very helpful approach and can help people relax more quickly in emotional circumstances. 
    • Kristin Neff, who has done extensive research in this area suggests that self-compassion consists of three main elements: kindness, a sense of common humanity, and mindfulness. 
    • Research has shown that most people are kinder to others than they are to themselves. Throw in events or situations that are beyond our control, such as sporting matches and competition – the same is true.  
    • Then exercise “How you would treat a friend” is a helpful reminder to help you be kinder to yourself, to see things from a fresh perspective as well as helping you look in the mirror and be honest with yourself.  

    Connect with David Charlton

    Download THE FOCUSED ATHLETE CHECKLIST

    Join David @ The Sports Psychology Hub

    Instagram, Facebook, Twitter and LinkedIn

    Relevant Podcast Episodes

    Ep129: David Charlton – How to Deal with Self-Criticism using Self Compassion – PT1

    Ep130 David Charlton – How to Deal with Self-Criticism using Self Compassion – PT2

    Other Relevant Blogs and Resources

    IF YOU ENJOYED TODAY'S SHOW PLEASE SHARE

    SUBSCRIBE AND LISTEN ON YOUR FAVOURITE AUDIO PLATFORM

    Also, kindly consider taking the 60-seconds it takes to leave an honest review and rating for the podcast on iTunes, they’re extremely helpful when it comes to the ranking of the show and we read every single one of them!

    David Charlton

    Best Wishes 

    David Charlton

    Global Sports Psychologist who is located near Newcastle Upon Tyne, UK and willing to travel Internationally.  David also uses online video conferencing software (Zoom, Facetime, WhatsApp) on a regular basis and has clients who he has supported in USA, Canada, South America, UAE, Australian and New Zealand.  

    Managing Director – Inspiring Sporting Excellence and Founder of The Sports Psychology Hub.  With over 10 years experience supporting athletes, coaches, parents and teams to achieve their goals, quickly. 

    T: +44 7734 697769

    E: [email protected]

    Search Our Sports Psychology Website

    Popular Categories

    Join Our Online Community Now!

    Mental Edge Newsletter

    Are you an athlete, coach or parent that would like to learn how to create sustainable high performance? Receive our free regular newsletter, where we share proven mental toughness and high performance tips and strategies. If you want some support and motivation straight to your inbox, then sign up below.

      We won't send you spam. Unsubscribe at any time.

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