Hematite is often associated with grounding and stability, which can indirectly support wealth-related endeavors by fostering a focused and balanced mindset. A stone of power, hematite shields and protects. It improves emotional resilience and assists with coping with stress, trauma and emotional challenges. Spiritually, hematite is associated with strength, courage, and protection. It is believed to help anchor the soul to the physical realm, protecting against harmful energies, and empower the wearer to overcome obstacles and challenges on your spiritual journey.