Do you lack motivation and make countless excuses when it comes to your savings? If you are having trouble getting your life in order, this article is for you.
If you want to improve your money mindset and break through the excuses that hold you back, keep reading.
What if I told you there’s a way to change your life? You would probably be skeptical, and that’s understandable.
After all, what are the odds that something so simple could help someone like me? Well, it turns out that this method works because it taps into one of the most powerful principles in human history, habit formation.
a rich mindset starts with the right attitude
The first step to getting a rich mindset is to have the right attitude. Rich people are grateful for what they have and don’t waste time worrying about what they don’t.
They also believe money comes from hard work, not luck or inheritance.
For example, you may have heard that saving money is the best way to build a nest egg for retirement. Or perhaps you’ve heard that investing in real estate can help you reach financial independence faster.
While these are great ways to achieve financial success, the most important thing is to start by setting a goal.
Can money make your life better?
It’s a common belief that money can buy happiness. But the truth is, it’s not as simple as that.
According to several studies, people who earn more money than they need are happier with their lives.
The reason being, is they have one less thing to worry about.
Having an abundance of money can ease the mind. However, if you are not healthy mentally or physically, all the money in the world might not be able to heal you.
Many believe the answer to all life’s problems lies in their wealth. The truth is, that many people who are not financially rich are emotionally rich, and it’s a mindset.
Let’s see how to nourish a positive money mindset.
1. Build a budget and stick to it
You might have heard the saying, “A budget is a plan for spending money.”
Budgeting can help you control spending by setting aside a certain amount of money each paycheck to pay off debt or save for a down payment on your next home.
Building the foundation for your future by making a household budget will set you and your family up for success.
There are many budget planners you can use to get started. Online apps and tools make budgeting easier and somewhat fun.
If you prefer the old-fashioned way of using pen and paper, then this also works. Whatever gets you started and motivated is the best way.
Sticking to your budget is the hardest part. Self-control and discipline are the foundation of the overall success of your budget.
The way you set up your budget is dictated by your goals and income.
So, stick with it and ditch all the excuses why it is too hard!
2. Gain confidence
You can gain confidence by practicing improving your money mindset. If you lack the confidence to see past your mistakes, then now is a great time to move forward.
Sometimes, to gain confidence the best way is to start over
Establish a new outlook.
Suppose you want to gain confidence, set a small achievable goal and work on that goal. As soon as you complete that goal, then it is time to celebrate.
Celebrate your success and share what you have accomplished. You might be surprised to know that your success might inspire someone else.
Become the expert of your finances and you will gain the confidence to take your knowledge to the next level and keep expanding.
To gain confidence, you have to set a goal and start working towards that goal.
3. Read books that improve your mindset.
Some of the best ways to improve your mindset are found in books. You can find tips and fantastic ideas to start building habits that help get you on track. A few of my personal favorites books are:
- The power of positive thinking
- The power of habit: why we do what we do in life and business
- Atomic Habits
All of these books are great starting places to work on improving your money mindset, making powerful changes, and starting new habits.
4. Break away from the broke mindset.
You’ve heard the cliche, “Money is the root of all evil.” It turns out that this saying may not be entirely true. Money can bring many benefits to your life if you use it correctly.
When we begin thinking the worst about something, the results typically end up being negative. Starting with a positive approach sets the tone for positive results.
Our minds are so powerful and are the control center of how we view things, especially things like money.
Money is necessary for life. Money supplies our necessities, food, shelter and security.
Without it, we would be in trouble. Just remember being hyper-focused on money and negatively influenced will not pick you up; it just knocks you down.
I always tell myself that yes, I need money for survival, and I have to work hard, but I don’t only focus on money and my lack of it.
I take time to celebrate the great things in life and my success. When I got my first pay raise at work, I felt so free like twenty pounds of stress were lifted off my back. I had more money coming in, so I wasn’t so strapped down.
Thinking you’re broke and there is no way out is a rabbit hole you don’t want to go down. The broke mentality will only break you, not make you.
I always believe if you require more from life, you need to assess where you’re at right now.
Are there areas in your life where you can improve? Ask yourself if you are working hard enough towards your goal.
Start with these questions to help break out of the broke mindset and move forward towards the abundance mindset.
Regardless of where you are from, what you have experienced, you have the power to change. Undoubtedly, improving your personal finances and mindset is easier for some than others — it’s just life!
By believing in yourself and ditching all the excuses, you’ll see that it’s easier to create better habits. You’ll be willing to put in the work, even if changing seems like an impossible feat.
You might not believe in everything you want to accomplish immediately, but over time you gain confidence, your money mindset improves and as a result your wealth prospers.