One Q Interview: Kate Phillips, Money Healer

Today in our One Q Interview we have money coach Kate Phillips, who’s here to give us some tips about all-too-common misunderstandings women have about money. Kate is a singer-song writer, single mother, and financially independent . (Not a combination you find often!) I’ve been delighted to learn from her soulful, yet practical perspective over the years. I feel inspired and empowered by Kate’s financial success.

Need even more help with money? You can read the rest of her interview at Flock: Soulcare with Magpie Girl. And I’m excited to announce that Kate will be joining our panel of soulcare providers, offering Flock members a monthly Ask an Expert column on Money Healing.  Plus, if you live near Seattle, you can catch her local class on Living in Abudance (for Women only!).  And so, dear Magpie Girl readers…here’s Kate!

Money and Abundance: Clear Your Thinking
by Kate Phillips

Q. What are the most common mistakes or misconceptions you see women carrying around about money and abundance? 

It’s “the cart before the horse” – many women want to find or create a better financial situation so that they can “have security.” However, our financial assets can’t give us ”security.” I’ve coached people from multi-millionaires to those living from unemployment check to unemployment check, and the truth is that security is found in peace of mind and the ability to respond powerfully to any external circumstance, not in net worth or income. 

When we learn that WE are our greatest asset and understand that our financial assets are only an outgrowth of the value we offer to the world and an extension of a “worthy” self-concept, we will work on developing ourselves and building the confidence and knowledge that we are enough. That’s how we create wealth and real security, which starts on the inside. External wealth will flow from that, but wealth built without the internal foundation will be fleeting… not unlike the majority of lottery winners, who wind up broke two years later.

You see, money is never just about money… I call it “the mirror and the magnifying glass,” because it reveals to us what’s going on underneath the surface of our lives. Learning to relate powerfully and intentionally to money is actually deep spiritual work for those who choose to take it on.

Here are some other common misconceptions… 

1) There is some magical Law of Attraction manifestation formula, and if we learn and say the right affirmation, it will work like some kind of magic spell. The real work is aligning ourselves to our highest intentions and acting from that place, not reciting the right affirmation 20x a day. My blog post on Why the Law of Attraction Doesn’t Always Work  explores this further.

2) Being financially wealthy means never having to “look at the right hand side of the menu;“ having more than we need; and being able to indulge ourselves in self-pampering delights. I was surprised at first to discover that self-made millionaire business women never stop being conscious about their spending, often consider themselves “frugal” (or at least, with simple tastes), and generally only shop with a list.

The habits that have allowed millionairesses to build wealth are ones of discipline and consciousness about where their money goes. If we desire wealth so that we can engage in emotional spending habits with abandon, we’re not likely to ever be able to build or keep wealth. Living below one’s means is the habitual pattern of wealthy women, not splurging. But it’s not matter of self-deprivation or even willpower, it’s about becoming women who know how to nurture their emotional needs without the use of a credit card. It’s about becoming intentional in our spending, and aligning our finances with our values.

3. All I need is the right financial “plan,” “strategy,” or  ”information” to build wealth. Well, there is no lack of information about how to build wealth, lose weight, or run a marathon, but even when we intend to accomplish those goals, few of us do. A good strategy helps, but the best of plans does not guarantee action.

So why don’t we take empowered action around money, weight loss, or fitness? If I want to lose weight, I should eat less and exercise more, it’s not rocket science, right? So when I don’t act according to my intentions, I’ve got to dig deeper and see what’s going on with my beliefs, emotions, expectations and other aspects of my mindset. Otherwise, all the financial information in the world will fail to make a lasting difference. I’ll be trying to change the “fruit” without changing the “root.”

Kate Phillips a certified coach and trainer who works with women and solo-preneurs to help them create wealth from the inside out. With a holistic approach to prosperity (from strategic to energetic), Kate helps clients address matters of “money, mind, and spirit” through private and group phone sessions as well as Seattle-area workshops. Visit Kate at Total Wealth Coaching for upcoming course information, or at her blog, The Garden of Plenty and receive a 10% discount on her Spring course offerings or private coaching. Thank you for being here!

Posted in Interviews, Magpie Girl
Tags: Guest Posts, Interviews |