(This is the third story in my recent posts on work and money.)
Sometimes as we grow more aware of our relationship with money we come to understand the realistic limitations of what we are currently earning. James’s earnings fell far short of giving him what he needed. He was very unhappy with his work and his financial circumstances. When he started Financial Recovery Counseling, he was just at the beginning of making big changes in his relationship with work and earning.
James’ story had nothing to do with overspending or any other form of excess. In fact, he was living in a serious state of deprivation.
He was working for a car dealership earning $800 a month, plus commission. Unfortunately, since he could never seem to actually sell a car, there were no commissions. Half of his income went toward the rent at his friend’s apartment where he was staying temporarily. At a certain point, the desperation James felt became overwhelming.
“I’m sick and tired of not having any money. I can’t keep living this way,” he thought. He realized in that moment that he was willing to do whatever it took “not to be poor anymore.”
The irony was that James was a licensed attorney with ten years of experience. Earlier he had bought a small private law practice and had tried to run it on his own. Despite his skills as an attorney and his charm and intelligence, James lacked the skills and the temperament to operate a business. Eventually, it became clear that the business was doomed to fail. James was able to sell what was left of the practice and lived off that money for a short while.
Then, because he had always loved cars, he thought that by selling them he could make ends meet while he determined his next steps. But after months of working hard, James had in fact not sold one single car.
He was in as state of emotional and spiritual crisis. Completely unsure how to go forward, James hit a financial, emotional and spiritual low. He felt desperate and lost, his self-esteem crushed.
He was not overspending; his issue was that he had inadequate resources for supporting himself—he was underearning. His relationship to work and earning was ruining his life.
By working the Financial Recovery process, becoming clear about his true needs, getting in touch with how much he needed to make to satisfy those needs and looking at his work history inventory, James eventually determined that it was not the field of law that hadn’t worked for him; it was running his own practice. (I will share with you what a “work history inventory” is in a future blog post. If you would like to see this exercise now, here is a link to it on my website. It is in the right sidebar, under my book.)
He was not by nature entrepreneurial, and it was a better fit for him to be employed by a firm. Once he saw this, he was able to look for and find a position with an established firm that allowed him to earn in a way that was satisfying for him.
Over the next year, James created a financially healthy lifestyle in which he could meet his needs. He continued in his Financial Recovery process staying clear about what he really needed. He constructed a very satisfying life where his work truly did work for him.
The field of “money coaching” is exploding right now, and Financial Recovery Counseling is the most effective form of money coaching around. If you would like a rewarding profession where you can earn what you deserve while you help people heal their own issues around money, spending and earning, please look at our training program. We’ll share the best kept secret— an amazing business opportunity that is also the most important profession of the 21st century.