102: How To Track Your Income To Create More Abundance

Show Notes

102: How To Track Your Income To Create More Abundance


Do you feel like you don't have enough money? Don't have a handle on how much you're going to make or spend? Feel like you're not achieving your financial goals but you're not sure why? Well, I’ve got some great news for you! 
I have a very simple daily habit that has completely changed my relationship with money. Not just mine, but as well as in the Soul Rich Woman community. Some women would tell me that, “Genecia, I didn’t believe you but I did it and wow you’re right!” Stay tuned in this episode if you want to change your money habit! 


The life-changing habit is tracking your money
02:42- 02:54 What's one daily habit? Are you ready? The life-changing habit is tracking your money. Every single dollar and every single cent that comes into your life. 

03:57- 03:36 Wait, where are you going? Please don’t switch off my podcast now. Don't walk away. I can hear you saying that "Oh my God. You know what, Genecia, I tried it and it didn’t work for me." "It's so boring." "I hate accounting." "I have people who do that for me, Genecia." Okay, please wait. This isn’t about just doing more accounting. You totally should be doing that anyway and preferably by someone else. I don’t care if you enjoy it, outsource that stuff so you can focus on making money, not organizing it.

03:38- 03:43 This is an altogether different process. One of mindfully tracking what comes into your life. 
03:45- 03:59  Accounting is based on facts, numbers, and figures. Money tracking in the manifesting sense is focused on gratitude, awareness, and increased abundance.

04:00- 4:06  Even if you’ve tried it before – try it again. Try it every day for a month and then let me know.


How does tracking change your abundance?

04:20- 04:34 Humans are great at making up bullshit stories. Women, in particular, tend to make up stories about our ability and most of all, our deservedness to earn more money.

04:35- 04:59 Stories like "I’m broke.",  "I don't have money.", "I'm in debt.", "There’s literally no money coming in.",  "No clients.", "Nobody buying my stuff.",  "I guess I’m just not cut out for being in business.", "The Universe doesn’t like me, Genecia. I’m not like you.", "I'm not lucky like you.", "I don't have things like you. I'm not a Miss Singapore like you."

5:00- 5:13  Money tracking daily keeps you mindful of what’s actually going on in your life, helps you appreciate the abundance around you, and sometimes gets your butt into gear to make more money.

05:14- 05:21 Bu you know what, it stops you feeling bad about money and making up stories about your ability to earn money.
 
Feel good about your money
6:02- 06:06 When you feel good about your money, you generally start attracting more of it.

06:07- 06:17 Have you noticed that it often works in reverse too? When you feel shit about your money, you sometimes manifest unexpected bills, fines, and also debts.

“track” and “attract”

06:20- 06:24 Isn’t it funny that “track” and “attract” sound so similar?

06:38- 06:42 I hear this a lot. You start tracking and then suddenly you’re finding money everywhere.

06:46- 07:17 It’s like anything when you train your brain to look for it. Like when you fall in love with a particular car and then you see them everywhere. It’s selection bias, it's a well-researched phenomenon. When you're pregnant you keep seeing pregnant ladies everywhere and you keep seeing baby stuff everywhere. Think about that. Make it work in your favor by training your brain to look for opportunities to find and make money.


How do you track money the Soul Rich Woman way?

1. Track cash

07:38 Track your cash. All of it.

07:44- 08:17 In your normal accounting processes, you would track your business and personal income separately. However, when it comes to tracking money for manifesting purposes, you combine them. Why? One of the big mistakes that women make is, what compartmentalizing money or having rules around what’s real and what’s not. Many women have actually hit their financial goals without even realizing it. Sometimes even for myself, I forget I hit my goals. Like I can bring a hundred thousand dollars in a month.

08:27- 08:42 It might have come from different sources that you wanted it to, but money is still money. You’re getting pissed and angry at the Universe for not helping you and the Universe is going like “Hello, lady, you’ve done it”. The Universe doesn’t care about the source.

10:28- 10:45 So track all income cash and money. Every single thing, every coin you find. Every source of job income. Every monetary gift. Interest. Free money. Easy money. Cash money. Paypal money. Because money is money.


How often should you track your money?

11:26- 11:30 Do it daily. Because it’s easy to get out of the habit and forget.


2. Track anything of value

13:05- 13:35 Every time you get something free, track it on your value column. If you can value it, add it. For example, if your friend buys you a coffee or buys you a cheesecake, like what Joanne did. Add the cost of that into your value column. You got an unexpected discount on something you were already buying – add into your value column. You get something for free. Add to your value column.

13:56- 14:00 Unfortunately, still for a lot of women, they don’t manifest actual money.
14:40- 14:52 When you track your value as well as cash, it serves two purposes. Gratitude and reality check.

Gratitude

14:52- 15:03 When you’re feeling broke about not having actual cash, you can feel gratitude for the fact that you still are able to create abundance. It makes you feel lucky and taken care of.


Reality check

15:06- 15:28 If you’re regularly attracting more value than money, then it’s a huge reality check to focus on your manifesting. Are you spending more time trying to win competitions or get free stuff or get more sponsorships and barter trading and collaborating, rather than focusing on making actual money in your business?

15:30- 15:49 The reality check was a huge one for me. Barter trading, collaborating, getting sponsorships. Once I realized that I was a total superstar at manifesting but I didn’t have any actual cash in my bank account, I really have to relook at my actions and what I was actually doing.

Key Takeaways:

1. Track every money that comes into your life.


2. Money tracking helps you be mindful.


3. This is not an accounting exercise.


4. This is for manifesting purposes. 


5. Track anything of value.

Key Resources:
Subscribe to Genecia’s Youtube channel: https://bit.ly/2lFnHlW
Visit SRW’s website: https://www.soulrichwoman.com 
Follow Genecia on Instagram : (@geneciaalluora)
Follow Genecia on Twitter: (@GeneciaAlluora) 
Check Genecia’s LinkedIn: https://www.linkedin.com/in/genecia/