If you have learned recently that you don’t have a healthy money mindset, your first question is probably, okay, what now? The good news is that you can permanently change it! You are in control of your mind, thoughts, and emotions, even if it doesn’t feel like it. You can change your own money story by starting with your mindset.
Signs You Need to Change Your Money Mindset
One of the reasons so many people hold on to the same beliefs about money is because they don’t know any different. Here are some common signs that you might need to develop a different money mindset:
You think of wealth in a negative light. When you think about money or people with wealth, do you think of them as selfish, greedy, or evil? Do you think money changes people in the wrong way? Were you told your parents that nobody should want to be a millionaire? These are negative thoughts about money that aren’t true and keep you from success.
You feel defeated or unworthy of wealth. An unhealthy money mindset might inadvertently make you feel inferior and like there is nothing you can do to become a wealthy person if that is what your goal is in life.
Lack of money right now keeps you from taking action to earn money in the future. This seems so silly and unproductive, but it is a trap many people fall into. If you don’t have a positive money mindset, you think nothing will ever change your financial situation.
Let Go of the Negative Emotions and Thoughts About Money
The more negative thoughts you let into your mind about money, the more those thoughts will influence your actions when it comes to building wealth. This is not just about your own money, but how you feel about others with cash and the emotions that come up.
If you tend to feel envious of people with wealth instead of motivated and inspired, you know you have more negative emotions about money than positive ones. This is the first thing you should focus on when transforming to a better money mindset.
Start thinking of wealth and people with money in a positive light. Be inspired and influenced, become more motivated, look at it as something to aspire to, not to look down on.
Focus on Abundance, Not on Scarcity
To shift your money mindset, you need to think about abundance instead of scarcity. An abundant mindset is one where you see money as something you can attain regardless of the obstacles. You believe you are good with money, will use it wisely, and it can positively impact your life and other people’s lives.
Transform to a Success Mindset
Start thinking about success and wealth, not just being comfortable and settling. Expand your knowledge of your profession or whatever way you intend to become wealthy. Learn more about savings and investments and building wealth, and this will help you shift what you think about money.