How to Be a Rich, Independent Woman

Wondering how to be a rich, successful woman? Then, you’re in the right place, my friend.

It took me too long (well into my 30s) before I even grasped that being rich could be possible for someone like me.

Now, I’m a millionaire with my own business and I wake up every day, spending the day how I choose.

Yes, it’s possible for you to be a rich woman. Yes -I mean you, who’s reading this. If I can do it, then I’m absolutely certain that you can too.

For those of us that didn’t come from money, it takes a lot of work to become rich – but not the kind of work that you might be thinking. It’s not about overworking, selling your soul or making huge sacrifices.

Being rich is more about:

• Your relationship with money
• Your willingness to do the inner work to heal limiting beliefs that are creating obstacles for you around money

Yes, there are people born with advantages and a head-start that you or I didn’t have. But we don’t realize how much control we really have over how rich we can be.

Once you unlock the obstacles holding you back, cash will start flowing into your life- no, I’m not kidding.

I’m going to share with you the steps that will get you on the path to becoming a rich woman.

How to Become a Rich, Independent Woman

I’m going to give you 11 steps below that will increase your income. Continued work on the below things can bring you wealth, but you need to put the inner work in. Grab a notebook and a pen

1. Realize that you SHOULD be rich

Let’s be honest here, money is a taboo topic. Everyone wants it, but no one wants to talk about it.

And trying to become rich sounds greedy and even a bit silly, right?

Well, actually, no, it’s not because almost everyone wants to be rich (it’s just not super popular to say it out loud.)

Well I’m telling you right now – start saying it out loud, to those who you can share your dreams with (your spouse, best friend, therapist, coach, parent, whoever.)

Because my friend, it’s not going to happen unless you admit you want it. And you won’t admit it fully unless you recognize that you being rich is a good thing, not a bad thing.

Wanting to be rich does not make you unethical or greedy. People who admit they want to be rich are being honest with themselves, and they’re also the ones who are more likely to make it happen.

Task: What kinds of lessons do you remember learning about money as a kid? What kind of memories about money do you have? Spend some time journaling on some of these memories. I was shocked when I first sat down to write about my earliest experiences with money. I made the connection how it set me up for a life of being broke, rahter than rich.

2. Recognize your money-limiting beliefs

All of us have beliefs about money that keep us exactly where we are, financially. Our beliefs are often shaped by our early-life experiences with money.

We tend to reach the income level that we believe is possible for us. Often, what we find possible or believable is also what feels safest and familiar.

Here are some examples of limiting money beliefs that are holding you back:

• Money doesn’t buy happiness, (so there’s no point chasing it)
• Trying to become rich is greedy and unethical.
• Being rich doesn’t happen to people like me.
• The economy is bad, so no one would buy my products/services
• My niche is oversaturated, so it’s almost impossible to get ahead
• Rich people tend to be bad, greedy people

The sooner you debunk these money myths (however many of the above you have), the sooner you can start reorganizing your belief system in a way that will bring you abundance and wealth.

3. Debunk your money myths

Most of us grew up with memories about money as a kid that didn’t paint rich people or wealth in a positive light.

We saw countless TV shows and movies depicting rich people as being cold, lonely, and even evil, while the lower class was often kind, relatable, and heroic.

We were also told things like “money doesn’t grow on trees,” and it doesn’t buy happiness.”

These common money myths have led to you having deeply ingrained money-limiting beliefs. And these beliefs hold you back.

Here are some common money myths that we tell each other every day, with a contrasting statement.

• Money doesn’t buy happiness – Money enhances our lives, and it solves problems
• The economy is bad right now – There are people out there who can afford my products/services
• Most people can’t afford me – It’s ok to be unaffordable to some people. By pricing myself higher, I attract higher-paying clients
• Being rich is unethical – Being rich allows you to make the difference you want in the world
• My products/services aren’t high quality enough to be priced higher – My pricing is a reflection of how much I belief in my services.

You wouldn’t believe how many of the above beliefs I carried with me for so long.

And I know kick myself thinking how much richer I could have been, earlier in life, if I’d dunbunked them sooner.

Task: Write out your money-limiting beliefs, and write a statement beside them to debunk them.

4. Analyze your relationship with money

Our relationship with money has a huge impact on where we find ourselves financially.

Our relationship with money can cause us to do things like overspend, undervalue ourselves, not ask for raises, and it also affects how we price things or services that we’re offering.

Here are some common behaviours that are rooted in the relationship you have with money:

• Underpricing your services or products
• Being in debt
• Continuously lending money to other people (and sometimes without getting it back)
• Allowing yourself to be taken advantage of, financially
• Feeling guilty about spending money
• Overspendig
• Living paycheque to paycheque

All of the above actions and behaviours are rooted in beliefs about money. The limiting beliefs mentioned above cause your everyday actions and behaviours that hurt you financially.

Task: Take a money personality quiz online to get an idea of your relationship with money. (I recommend Money Archetypes by Denise Duffield Thomas)

5. Picture yourself as a wealthy woman

You may think that imagining yourself as a wealthy woman isn’t going to do much. But, the reality is that visualizing wealth is the very first step to wealth.

If you can’t even picture or visualize yourself rich, then how would you ever be able to make it happen?

Be very specific in what you are imagining as you picture a richer version of yourself, because ‘wealth’ means different things to different people.

For me, wealth is less about the obvious ‘signs’ of wealth (ie: fancy car, giant mansion) and more about the freedom and options I have in my life.

Ask yourself these questions:

• How would I spend my days as a wealthy woman?
• What does my ideal day look like?
• Who do I spend my time with, and what do I spend it doing?
• What kinds of causes do I support?

These kinds of questions start bringing out what your priorities are. Maybe it’s travel and free time, or spending more time with your loved ones.

Whatever it is – picture it. What does your life as a wealthy woman look like? How does she spend their days?

Be as specific as possible. Visualizing something is the most important step to making it a reality.

Task: Write down everything you visualize about yourself as much richer than you are now. Keep in mind, while a fancy car and mansion are often the first thing we think of when we think of “rich”, sometimes the things that would make you truly happy are the freedom to live life on your own terms. So what would life on your own terms look like?

6. Determine your ‘why’

Figuring out why you want to be rich keeps your values front and centre.

Determining why you want to be rich adds power to your mission. So ask yourself, “why do I want to become rich?”

Here are the reasons I wanted to become rich:

• To live a life of freedom. I worked as a teacher for a long time, and was used to having a schedule I had no control over. I wanted instead to dictate how my day went, and how I spent my time.
• To provide for my family. I was a single parent during my teaching years, and often struggled to get by. I wanted to contribute financially to my household without having to work as a teacher anymore
• To be able to travel more, and whenever I wanted. Travel is my passion, (I’m now a full-time travel blogger) and I didn’t want money to limit where I went, or how often, or what kind of experience I could have
• To contribute to causes that I care about, such as environmentalism

Task: Make a list of the reasons you want to be rich. Don’t worry about them being good reasons or bad reasons – they’re your reasons!

6. Read self-help books

I have read many, many self-development books, and they really impacted how I perceived life and the reality I created for myself; including finances.

In addition to general self-development books, I recommend reading some books on money mindset. It’s amazing how our relationship with money plays into the financial situation that we re-create.

You can read my list of best money mindset books here.

7. Make concrete, specific and tangible goals

There is one piece of advice that they all these money mindset common: getting really specific about your goals.

So, to increase your wealth, you need to have a more specific goal than just “I want to be richer.” You need to have specific numbers in mind. The more specific, the better!

Whether you’re self-employed, or an employee, you can set money goals. Here are some examples of goals you may want to set:

• I want to have $10,000 in my savings account with no debt by (insert date)
• I want to be making $5,000 per month on my business

Task: Write down your current money goal -it can be about paying off debt, a certain saving level, or an income goal. Bonus task: Write down your goal every day. Tape it to your mirror, to the wall in the shower, etc

Tips for goal-setting

• Remember to be as specific as possible. Use exact numbers and dates!
• Set a realistic goal. For example, don’t say you want to have 5 million dollars by the end of this year if you currently only have $1,000 – that might be a bit much. Challenge yourself with your goal, but make sure that at your core, you believe the goal is possible

9. Determine your actionable steps to wealth

So far in this article, I’ve been teaching you to:

• Acknowledge and debunk money-limiting beliefs
• Visualize your goals and what you really want
• Set goals, and a ‘why’ for making them happen

All of the above steps are a part of manifesting the kind of life that you want. In addition, there has to be some actionable steps.

Those next steps are different for everyone, based on their situation. Here are some examples:

• Increase your prices
• Reach out to more clients (it’s a numbers game)
• Ask for a raise
• Pay off debt
• Invest in savings
• Buy stocks
• Start a side hustle

10. Start tracking your income

Focusing on money loss puts you into a scarcity mindset, and is more likely to repel you further into your money myths and beliefs.

If you shift your focus instead on the money coming in, then you will attract more abundance.

This means tracking all money (not just income from your job.)

Task: make an income column and a gratitude column. The money you earned from a job or side hustle falls under the income colmn, and gratitude is for things that come your way, such as a friend paying for a meal, finding a coin on the street, winning a scrath card, etx.

12. Affirm yourself

Part of changing your life is changing your thoughts and thinking track. Don’t judge yourself for holding on to negative thoughts – but try to put a pattern interrupter in place for when they come up.

Here are examples of limiting beliefs that I say in my head – and what I say back to myself in return:

• “People like me don’t reach that kind of success” – why not me?
• “Only immoral and greedy people tend to become rich” – there are plenty of good rich people, and bad poor people

13. (BONUS) Don’t give up

If you make money goals that you don’t end up reaching, then don’t give up. Self-made rich people are the ones who didn’t back down, or take no for an answer.

Forgive yourself for not reaching the goal, and keep setting new ones.

FAQ: Becoming a Rich Woman

What can a woman do to become rich?

There are endless things that a woman can do to be rich. These days, especially in the age of AI, the most valued jobs are ones that involve a lot of intuition and empathy. Honing these skills can unlock many opportunities for meeting needs and generating wealth.

How to be a rich female?

To be a rich female, you need to develop a healthy money mindset, start your own business, learn to generate wealth and invest your money properly. It sounds hard, but it’s something that can be learned.

Final Thoughts on Becoming a Wealthy Woman

In your journey to wealth, always remember that you’re allowed to be wealthy and you can and should be wealthy.