10 Best Tips to Change Your Mindset About Money

Money mindset seems to be one of those popular fad buzzwords of the 21st century.  But there is some substance to it. There is such an emotional charge to the topic of money.

People’s relationship with money can vary, but it often carries strong emotions. Rich people are selfish, evil, or crooked.  Money is the root of all evil. I will never be rich.

I have heard so many people say they just want “enough.” Enough to pay their bills and have a little spending money in their pockets.

But what if you could have more?  What if you could have enough for those things AND create a scholarship in your dad’s name, donate a box of food to the food pantry each month, and pay for Financial Peace for the young, struggling couple at your church?  

If you had those opportunities, would you pass it up?  How would more money improve your life?

What is a Money Mindset?

A money mindset is your attitude and beliefs about money.  It controls how you handle personal finance and guides you in making every financial decision. 

If you understand your mindset and where it comes from, you can improve your relationship, make better choices, and look toward a healthier financial future. It’s time to get physical and work on some money-mind exercises.

How to Change Your Money Mindset

Because beliefs are only thoughts you think repeatedly, training yourself to think different thoughts can change your life and decide who you want to be. Creating new habits around money can bring those concepts to fruition.

Not only do you have to create this new belief system, but you also have to believe it. Repeating over and over that I am a healthy, beautiful woman is going to seem awkward at first, and you may not believe it at first.

But the more you say and hear it, the more you will start to believe it.

Changing your money mindset will take time and practice. It’s taken years to create the paradigms you already have (with much help from your environment), so changing your thoughts may take a while.

Understand Your Relationship With Money

Where did you learn about money, and what were you taught? Merely understanding where your money concepts come from is the first step in changing your money mindset.  

Creating a new money mindset is just creating a new habit. Merely be conscious of the new practice you would like to form and attach it to an existing habit.

Financial wellness is a real thing. Having a healthy financial relationship means that your money mindset is positive and stress-free.  

Be Aware of Your Limiting Beliefs

Limiting beliefs are simply the ideas you have in your head from WAY back.  They could be from your parents and the ways they communicated about money.

Is that where you heard things like, “Money doesn’t grow on trees, ya know!” or “Do you think I’m made of money?”

Were you always reminded that they didn’t have enough money or that you needed to work hard to make more?

Were there money fights?  Did you decide that money was associated with scarcity and anger?

Limiting beliefs come from our parents, experiences, and stories we have heard from others.

These are beliefs about money that drive our financial choices.  Most of the time, we are not even aware of them.

How to Create a Positive Money Attitude

Forgive yourself for past money mistakes.

I think this one is the most difficult. Nobody is perfect, right? Maybe you got in too deep and had to file bankruptcy, or your car was repossessed. 

Stuff happens, and forgiving yourself for those incidences is vital to changing that money mindset.

Also, knowing that there will be other mistakes and having the tools to get through those moments BECAUSE of what you have learned from the past will help you get through these other mistakes. 

But make sure you have learned something. And put resources in place in case they happen again.

Appreciate what you have.

Practice gratitude for who and what’s around you.  This sometimes feels awkward, but trust me when I say it works. 

Make a list of things that you are grateful for.

It could be simple, like the sheets on your bed, or profound, like the work your husband does every day while putting himself in harm’s way to save others. 

Many people do this first thing in the morning or right before bed at night.  I don’t think it matters, but doing it as often as you can only benefit you.

Even when feeling negative about work or family, taking the two minutes to write down as much as you can to be grateful for will turn your mindset upside down.

Appreciate what you already have.  To break the scarcity mindset, you need to be grateful for what you already have.  If you concentrate on what you don’t have, you will never have enough.

Be grateful. Practice contentment.

Allow yourself time to daydream.

Allowing yourself to daydream a little puts what you want into the universe. 

Asking is the first step in getting. So, deciding what you want first by dreaming big dreams lets you choose positive concepts to pursue. You do not know how to get there; you just need to know what you want.

Consider creating a vision board or dream board to remind yourself where you want to be.

Stop comparing yourself to others.

You only have control over you. 

You cannot control others.

You control what you think and how you feel. 

So, without all the information, you do not know what your neighbor has or doesn’t have. Yep, that’s a great new Cadillac in the driveway of their big, fancy house.

They now have so much debt that they are putting groceries on credit cards, hoping that this one won’t be declined. Because the other two are maxed out.

Or, that is a five-year-old Cadillac. Her Mama just passed away. That car used to be hers, and it holds her Mama’s memory inside it.

You don’t know; frankly, it’s none of your business.  You take care of yourself.

How to Change Your Negative Mindset

Changing a negative mindset means you have to know what your limiting beliefs are. This is a bit trickier than you might think. Because you have lived with these limiting beliefs most of your life, you might not even hear them. They are just a part of your inner headspace that plays repeatedly.

So, being in tune with your thoughts is the first step. Listen to what you think—really listen.

The best way to do this is to take a feelings inventory. When you think of money or work on your budget, note how it makes you feel.

When you are lying in bed at night and can’t sleep because a money stressor is spinning around your head like a hamster wheel, take a moment to ask why you are feeling so stressed about money.

Evaluate your thoughts in that moment – you may as well be productive if you’re not sleeping anyway.

Ask yourself, “Why are you feeling this way?” After answering the question, ask why again and then even one more time.

Then, ask yourself what belief makes you feel this way.

Eventually, getting to the limiting belief might be: no matter what I do, I can’t seem to get ahead.

Fixing a Negative Mindset Thought

Now that we know what the negative mindset thought is, we can start practicing our thoughts from abundance.

Repeat after me, “Everything always works out for me, and money comes easily to me.”

Exercise Your Financial Muscle

Some fantastic mindset experts are out there, just waiting for you to find them. Read their books, listen to their podcasts, or watch them on YouTube.

The more you hear and immerse yourself in, the more excitement you will experience, and the more motivation you will easily flow.  

Who doesn’t love exercise, right?  Get inspired by these favorites and get pumped.

Check out Bob Proctor, Abraham Hicks, Jen Sincero, and Marie Forleo.  

 

Chose Abundance Over Scarcity

Once you realize that the universe is full of abundance and there is enough money for everyone, you will find the ease that your money mindset is transformed.

Scarcity means there isn’t enough for you or there isn’t enough money for you to have all you want.

Scarcity comes from a place of lack.

You think you are not worthy.  And you feel that financial freedom could never really happen to you.

Abundance means that there is plenty for everyone. It’s not coming from greed but an overflowing cup.

An abundance mindset stems from a place of love and focuses on the big picture.

Coming from a place of abundance will help transform your money mindset.

Focusing on abundance will eliminate negative feelings that might creep back in from your old thoughts and beliefs.

How to Change Your Mindset to Positive With Goals

I love goals.  I am very goal-oriented.  And I like time limits, too!  Creating financial goals can assist the money mindset process. 

Even the smallest goals will shift the way you feel about your money. If you think you never have enough money and you are not good at managing it, try a spending freeze for one day.

Decide that you will not spend any money today.  That is an achievable goal. Bring your lunch to work, don’t stop for coffee before work, and devise a plan for dinner that night so there are no “emergency stops” at the grocery store or pizza deliveries to your door.

Then, write it down and put it where you will see it. Stick that goal to your computer screen or make it your phone wallpaper —just make it visible.

Then, after the boost in confidence, when you achieve that goal, set a bigger goal.  You will accomplish great things little by little, and your financial life will start to change. 

 

Believe That Being Rich is a Mindset and Builds Wealth

Sincerely, believe it.  Believe it down to your core.  Find your faith, put your mind to it, and get it done.  But you don’t stand a chance if you don’t believe it.

If you want to be a millionaire in ten years, think you will be and find ways to make that happen. Take the steps needed to set those wheels in motion.

Do you want to start your own business?  How about creating a Fitness Blog? Become a plumber, maybe?  So, what do you need to get there, and what steps can you take TODAY to make that happen?

The “fake it til ya make it” cliche can reign true.  If you can practice these thoughts repeatedly – and BELIEVE what you are saying, you will open the door to these big goals.

End Finance Stress

Budget.  There. I wrote it.

The best way to avoid stress about money and to create a money mindset that gives you peace is to tell your money exactly where to go.  

There is a sense of total control when you know where your money is going, the exact amount of money you have and owe, and you have allocated a destination for every dollar.

Budgeting is the right key to forming a positive relationship with money.  Knowing that you are the boss of where your money goes puts you in the driver’s seat.

Do boys need new sneakers? There’s money for that. Is Car registration due?  Got it. Vacation to the beach? All set. Stress-free living – a beautiful money mindset.

Ignoring your finances will not improve your money mindset.  It will just make it so much worse.

Having a financial plan to save money, build an emergency fund, and track what’s in your bank account will improve not only your attitude toward money but also your entire financial situation in the short term and the long run. 

Create a Mantra

When I hear the word mantra, I am always reminded of the book (and movie) The Help by Katheryn Stockett.  Aibileen often whispers to the little girl she cares for, “You is kind.  You is smart. You is important.” Now, that is a great mantra!

A mantra is just a sentence or two you repeat until you believe it is true.

Harv Eker writes a declaration at the end of each chapter of Secrets of the Millionaire Mind (one of my favorite books—review found here), asking you to place your hand on your heart and say a few words.

It could be something like, “I have a millionaire mind!” or “I love to exercise!” Check out my list above for some Money Mantras to get you started.

To create a good money mantra, you need a few key points. It needs to be short and straightforward, about money, and positive.

 

Examples of Money Mantras:

• Money comes easily to me.
• I love money, and money loves me.
• I am a money magnet.
• I am connected to the universal supply of money.
• Money is not pie.  There is enough for everyone.

Give Yourself Some Grace

Finally, move forward with grace in your heart. Do not beat yourself up for your past or future mistakes. Remember, your thoughts control your behaviors.

So, if you think you are good with money and you believe you are good with money, then you will be good with money.

Push those negative thoughts out of your head and create the money mindset that you want.  Achieve your dreams.

Final Thoughts on Best Tips to Change Your Mindset About Money…

Changing your money mindset is a lot of self-work. But with plenty of practice, you can see your life change before your eyes. In order for money to flow to you, you have to believe that not only are you worthy of more money but that it’s easy for you to get it.

Finances are not a struggle, and you are perfectly capable of having everything that you want.SaveSave

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