Today we dive deep into examining our money blocks with Katy Chen Mazzara. She is a certified financial coach who helps creative types make more money, pay off debt, and achieve financial freedom.
Katy started off as a journalist then became a television producer for 15 years, working on shows like The Bachelor/Bachelorette, Real Housewives, Love and Hip Hop. Then she became certified as a financial coach, a life coach and she is a graduate of the UC Berkeley Program in Personal Financial Planning.
Growing up with parents who were at opposite ends of the spectrum when it comes to money gave Katy an interesting view. Her father did not want to spend money and her mother spent it freely.
For a while, Katy had a few issues of her own with money, spending it on cabs when she should've been walking or taking the subway. Then she became passionate about learning more though, reading books, even stock prospectuses.
After three of her family members felt like they had to stay in abusive relationships for money, one of Katy's missions became to empower people to make decisions in spite of money, not based on money. And this is whether it's staying in a bad relationship or in a job you don't enjoy.
In this episode, Angelica volunteers to be the example for examining our money blocks. Katy asks Angelica about her background with money and they dive deep into childhood experiences with money.
Katy shares how a simple moment isn't wrong or right but it does teach us and it's important to observe that. Does it create abundance or scarcity? It's important to ask yourself - where do these beliefs come from?
Clarity is very important around money. Be clear about what is coming in and out. Our minds like clarity. The more unknown, the more you'll worry.
Work on what you truly want to achieve. Where do you want to go? What does money look like for you in terms of your core values?
Katy suggests tracking down your emotions around your spending like a food diary. How did you feel -before, during and after your purchase?
Every time you get abundance, make a note of it. Either write it down or put it in the notes section on your phone. Some examples Katy gives are time on the parking meter, a friend buys you a cup of coffee or for waiting so long, we're giving you a free muffin. Abundance and gratitude are a powerful duo.
Katy feels it's important to have balance between the spiritual and the earthly, more practical. It's still important to do the work - having savings and paying off your debt. After paying off your debt, it's important to pay attention to where the debt came from.
She explains the snowball effect and why it can be such a powerful way to pay off debts. Katy shares how paying on time is so important for your credit score.
As always, we asked Katy to share her definition of success. She feels success is an inside job and it's so important to do the inner work so we can create outward changes. The more you have self worth, the more you can be successful in the outside world.
And when asked about the 3 words that come to mind when you think about money, she first said, "Freedom, freedom, freedom." Then she went on to add - freedom, energy and values.
But wait...there's more for our listeners...Katy Chen Mazzara has launched her membership course - Financial Freedom for Creatives Club. This is a year long program that will help you build HABITS you need to create the results you want with your money. If our listeners sign up, you will receive some pretty rad bonuses: 1. You will get access into the money block group coaching program on 1/2 2. Access to You Can Negotiate Anything Mini Courses 3. 1 day Retreat on 1/31
If you sign up, let them know you're a MME listener!