Smart Money Tip #2 – Does Bargain Hunting Create a Scarcity Mindset?

Last week, we talked about how to make money, to save money and then what to do with it.  I even mentioned that if you could save $500 a month for 20 years, you could end up with over $250,000.  So if you missed that video click the link below to watch it again. 

That video actually triggered a great question from one of our members.  If you have questions, be sure to write them in by visiting our Smart Women’s Coaching Facebook Fan Page.  Deb writes…

“Katana, I have a question about your latest newsletter and video. In it, you speak of needing a new $400 vacuum and finding it for $110 with shipping. I was always taught that if you have a ‘bargain-hunter’s’ mindset or an ‘I will never pay full price for anything’ mindset, that that mindset will determine who you will attract in your business – so you would attract people who always want a discount or for you to cut your price. I would love to know your thoughts about this!”

What a brilliant question – and I agree!  If you have a scarcity mentality, then you’re not going to be able to charge full price for your services and you may attract those kinds of people. 

So the secret here is:

  • When it comes to buying a product, you are going to want to go for the best price.  If you can get a $400 vacuum for $110 delivered, then by all means go with the lowest price.
  • When it comes to a service however, you are going to look for value and you are going to look for testimonials.  What is the reputation, what are they providing, and often you may go with the highest price.  We’ve done that many times. 

So there is a difference with a product or service.  Great question Deb!

So next week, we are going to be talking about Mindset, you will definitely want to tune to in get that new tool.  And in the meantime come to the Facebook Fan Page, and post your questions and your own Smart Women Money Tips (what you are doing to make smart money choices!) because as I told you in our last video, we are having a contest. 

We are going to post one winner each week for the next 3 weeks to the woman who posts the best Smart Money Tip on our Smart Women’s Coaching Facebook Fan Page(new winner each week)

The winner will receive a 60 minute Money Breakthrough Method Coaching Session with me.  You will also receive a full set of the money personality cards – there are five and they are gorgeous and you will love them.  They are worth $50.   In this session with me we will identify your money personality, your limiting beliefs, your new empowering beliefs and an action plan.  We have tons of testimonials of women going through this process and having huge breakthroughs.  So until next week — have a fabulous week!


Click here to watch last weeks money tip.





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