Last week, we talked about how to make and 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 in retirement.  So, if you missed that video, click the link below to watch it.

That video triggered a great question from one of our members.  If you have questions, be sure to send 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 the 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!

I agree that if you have a scarcity mentality, then you’re not going to be able to charge full price for your services, and as a result, you may attract only those who are looking for a bargain.

The secret here is:

  • When it comes to buying a product, you want to go for thebest price.  If you can get a $400 vacuum for $110, then always opt for the lowest price.
  • When it comes to a service, however,you need to look for value and read testimonials.  What is the reputation and what are they providing? Often you may go with the most expensive.  We’ve done that many times. There is a difference between cost of a product and quality of service.  Great question Deb!

Next week, I will discuss the importance of mindset, so be sure to open the tip!

Contest: Visit the Smart Women’s Coaching Facebook Fan Page and post your questions along with your own Smart Women Money Tips.  Tell us what you are doing to make smart money choices because we have a CONTEST!

We will choose ONE winner each week for the NEXT THREE WEEKS to the woman who posts the best Smart Money Tip on our Smart Women’s Coaching Facebook Fan Page.

The winner will receive a 90-minute Money Breakthrough Method Coaching Session with me worth $525.  The winner will also receive a money personality card and two other great bonus gifts! In this session with me, we will identify your money personality and your limiting belief. We will identify your new empowering belief and create an action plan.

We have tons of testimonials from women who have gone through this process and had huge breakthroughs.

Have a fabulous week!

If you haven’t done so yet, sign up for our new Unlock Your Financial Power course. Sign up HERE!


Katana Abbott, CFP® practitioner, is a Life and Legacy Coach™, host of the Smart Women Talk Radio™, founder of the Smart Women Companies with over 1 million subscribers globally, inspirational speaker and author of several books.

She began her financial planning career in 1987 and became a Certified Financial Planner™ practitioner. In 2003, Katana created Smart Women’s Coaching® to offer financial coaching and educational workshops for women in transition who are dealing with caregiving, death of a loved one, divorce, retirement or looking to create or grow a business.  She founded Smart Women’s Empowerment in 2008 to bring free financial empowerment resources and programs to women around the world through her team of Contributing Experts.