Small Business Coaching on How To Become a Wealth Magnet

By Allison Babb

In my start as a Small Business owner, I studied 7-figure entrepreneurs to learn the keys to success.  What was amazing to me was that I had never heard of these wealthy entrepreneurs before I set out to find and study them. 

They are not Donald Trump or Bill Gates, yet they were quietly earning millions.  You’ve probably never even heard of them either .  It was then that I realized that I was not prohibited from attaining wealth and that my own self-limiting beliefs were what prohibited me.  As I let go of those beliefs and took on new ones, doors began to open up.  How is that possible?

Even if you cannot fathom the thought of earning a million dollars, and even if wealth for you is just $50,000, there are ways to attract and achieve it.  When I started to see what was possible for me, suddenly my job felt more like a starting point, a launching pad, and the financial fuel for my entrepreneurial goals. 

I would invite you to think about these 5 strategies for becoming a wealth magnet:

1.       Shed your past

If you grew up poor like I did, many of your beliefs may be linked to that experience.  You may be embracing a scarcity vs abundance mindset and that mindset may be holding you back from seeing and acting up on opportunity that’s right under your nose. 

Similarly if you grew up in a family who saw wealth as bad and wealthy people as bad, you’re likely to repel success and undermine your own opportunities to succeed. I've learned that success is 90% mindset.

2.       Get past security

People often stay stuck where they are because they imprisoned by fear of loss.  Loss of money, loss of security, loss of power, loss of status, etc.  Absence of these fears releases your ability to attract wealth.  Why?  Because when you believe in your own ability to make money (outside of a job), you tend to see and grasp opportunities that do precisely that for you. 

An author once said that the most secure place you can find is a prison cell.  I quickly learned that freedom and security are opposites.  If I desired freedom, at some point, I needed to let go of security.  And for me that was letting go of job security.

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