Money is a subject that is widely taught right from the home to school and even at the religious centres, we have received huge information about money. Information plays an important role in how many people relate to money.
One important thing left out is the ‘Mindset’—because money isn’t the currency in your hands or the cash saved in the bank. Mind you, the world is not having “Mono-Currency”.
Cultivating a strong and positive mindset about money will impact your life greatly.
A money mindset is an overriding attitude that you have about your finances. This attitude is the core belief you have built over the years from the information you received.
As the old saying goes, “As a man thinks in his heart, so is he”. Have you ever wondered about the reasons behind your financial decisions?
A money mindset is a catalyst that influences how you make significant financial decisions every day.
When you have the right and positive money mindset, you tend to make better and wise choices even in the face of obstacles. That’s the power of positive thinking, and it matters most if you want to achieve your financial goals in life.
Your understanding of money will determine how much money you make, how hard you toil for it and how long it takes. Perspectives are important and this has to do with your mindset.
NEGATIVE MONEY MINDSET
No one makes a decision without initial thoughts. The actions we take reveal the thought process behind the scene—so also is the money mindset. Poor mindset leads to poor action and meaningful progress will not be achieved.
You are either free or imprisoned by your mindset.
Your actions show your thoughts.
A negative money mindset is not what you were born with but those beliefs that you have cultivated over time. The negative mindsets are:
- Fear—unknown, fear of failure, fear of taking (calculated) risks.
- Past failures.
- The struggle of overcoming past defeats.
- Wrong beliefs.
You aren’t defeated because you failed but rather because of your mindset.
The obstacles before us are the ones our mindset put there.
You are what you believe and will act accordingly.
As long as you keep the negative mindset concerning money, you will work hard but earn little because your mindset is yet to SHIFT to the position that attracts, keeps and multiplies money.
People who have a negative mindset remain poor, not for the lack of opportunities or resources but the blindness of their minds. A blind mind will never see opportunities and will always be ignorant of making money.
MIND SHIFT SURGERY
You can’t become financially free with wrong beliefs—that’s impossible. Everyone struggling with a negative mindset needs surgery—MINDSHIFT. A mind shift is the ability to change one’s thoughts and beliefs.
Changing your mindset will move you from lack, struggles, and poverty into abundance—this is not magic but a deliberate sequence of decisions and actions.
FIVE MONEY MIND SHIFT STRATEGIES YOU NEED TO MASTER
Embracing a positive mindset will help with your financial goals. It will help you overcome many obstacles (debts, and Imprudence) in life. When your mind is so rich it will reflect in your life—decisions, and actions.
Most billionaires aren’t wealthy because they inherited wealth or won the jackpot but trained themselves mentally and physically.
These five mind shift strategies about money:
- Learn to train your mind to see opportunities instead of focusing on obstacles.
- Recognize that most unpleasant financial situations are temporary and are fixable.
- Learn to ask for help. Asking isn’t the sign of your weakness but clarity.
- Set your financial goals but learn to take it step-by-step and don’t be ashamed of small progress.
- Cultivate the habit of investing.
Keep your mind under strong monitoring as you apply these money principles.