Money mindset refers to your attitude and perception towards the finances in your life. The way you view money says a lot about your inner self, about how satisfied you are with your wealth or how you see yourself financially in the future.
Unfortunately, there are several people out there who own a negative mindset about money. They believe that in order to survive in today’s society, one has to have debt. They believe that they’ll never be able to progress financially, more so that they’ll never be wealthy.
The problem is that people aren’t usually willing to challenge their money mindset, and so they keep struggling to improve their financial situation. No matter what beliefs engulf you, there are several ways to help you achieve a positive and healthy money mindset that will lead you towards financial security.
These will help you analyze your assumption about money and notice the factors that have been chaining you from growth.
Let go of the past
Our beliefs and behavior patterns around money are not our conscious choice. We have simply picked them up in the past and kept them going all lives without questioning them. You might have been living on the belief that you’d always live paycheck to paycheck or that debt is a necessary tool of life, but these beliefs are not true, neither are they serving you any good.
So, let go of your past, forgive yourself for blindly recreating the patterns of illusion that have kept you stuck. You can practice this by writing down all the memories that have influenced inflicting the thought pattern.
Now read all of the points, forgive yourself for practicing them, and detach yourself from the memories. Everything that was obscuring you has been erased; you’re free to build your career again, walking in new footsteps.
Identify your needs
This is the one question that can help you figure out the money mindset you own and how you can change it. Most people tend to keep thinking about getting a million dollars from a source but do you think how you would use it or where would you spend it?
The more important question is, why do you need a million dollars to get started with your goal in the first place?
You can start right now by just holding yourself fiscally responsible.
Notice where your money flows and see if it’s even worthy of being prioritized. If you have a goal, then dictate your finances to achieve that instead of fulfilling unnecessary obligations.
Visualizing abundance isn’t a bad thing at all. For a moment, sit down and think what would you do if you had an abundance of wealth. Where would you spend it? Would you start a business of your own, would you go on a world tour or buy a bigger house?
Dream about how life would be if you had all that money.
You can write down all of that on a piece of paper and mention all of those areas of life that are already abundant. This simple visualization can help you transition into the abundance mindset, making you believe that you have more of everything.
Take small steps to build abundance
While many are inclined to associate the term abundance with a bank account number or a luxurious house, abundance is a feeling. It is a feeling that can mean anything to you. It can be freedom or generosity or anything that you can link the feeling to.
Once you’ve figured out what exactly it means, you’ll be ready to take small steps towards cultivating abundance in your life. For example, you might find out that abundance is spending time with your family, or reading a good book, or practicing meditation. This visualization will upgrade your money mindset, align your thoughts, and manifest your desires.
Focus on your budget
One of the major reasons you feel comfortable with debt or the supposed fact that you can’t earn more than what you do is avoidance. Spending money is too easy. Thinking that life is nothing less than being a subscription, thriving upon automated payments and direct deposits is also very easy.
But it is not correct.
You have just adopted a mindset that tells you that controlling your budget is not in your control.
But it is.
You can make sophisticated decisions with your budget if you look at it responsibly. You just have to calculate what you earn, subtract your spendings, and see if the balance is positive. Even if it’s negative, you need to budget your budget to bring it back to a positive. It’s not about control; it’s about being stuck. Move yourself to make ends meet.
It is by far the simplest way of shifting yourself towards a positive money mindset. The more we stay grateful for the things around us, the more abundance we recognize in our life. You can do this by beginning your day by being grateful. I like to lay back in one of these comfy Sunnydaze Hammocks and think about all that I’m grateful for each morning and evening.
You can also write down three things that you’re grateful for every day. The feeling of being more thankful enables you to find good in everything around you.
Think about the things that you own, and you can’t imagine your life without them. Think that you own the financial capability of buying them and blessing yourself with happiness. Be grateful to the universe for all the provisions.
Comparisons that can be harmful but at the same time motivating. It all depends upon how you look at a certain thing that sets your money mindset. Comparing your financial situation to a friend or cousin of yours, seeing how much they have accomplished in life can give you a feeling of not being capable enough, of being defeated, of being left behind.
You might start listing down reasons in your head why you’re not in the position your friend is at this point.
The primary reason being that you don’t have enough money, which leads to negativity and demoralizing spirits.
But is it the only way to view a particular situation?
You can also look at your friend accomplishing highly in life and be inspired by their resilience and fortitude. You can uplift yourself by reminding yourself that you can reach those heights too. And that is all it takes to transition to a positive money mindset.
Mindset is powerful, and it all depends on how you perceive your fiscal situation to set yourself on a positive track. The points above-mentioned can help you transform your money mindset into a healthier and more productive one.