The importance of mindset work in creative and business pursuits has made online business owners reconsider the significance of wealth consciousness and money mindset, which were previously seen as superficial topics within the modern entrepreneur community but are now considered essential.
With the idea of wealth consciousness being widely discussed, it has created a space for dialogue but little progress. This brings us to the vital question: What exactly is a money mindset and how can one transform it into money habits to cultivate a profitable asset?
Our definition of a money mindset entails eliminating any restrictive beliefs that hinder you from taking decisive action and seeing the world with an optimistic perspective, ultimately enabling you to attain boundless abundance in your life.
If you begin to appreciate money instead of resenting it and view it as an abundant resource rather than a scarce one, your reality will naturally change when you mend your relationship with money.
To begin strengthening your mindset muscle and achieving your greatest life, you can follow these four practical steps:
8 Actionable Steps to Build a Positive Money Mindset
1. Become a money mindset sponge.
To start establishing a positive relationship with money, a straightforward step involves surrounding oneself with individuals who already possess those values. The notion that you are influenced by the five people you spend the most time with holds true, so when you actively consume content from individuals with a solid financial mindset, you will naturally acquire those attributes.
By simply making this slight adjustment, your perspective will be greatly disturbed, and it will start to erode those restrictive beliefs that are hindering your financial success. Altering the individuals you associate with can transform your entire life.
2. Identify your go-to daily affirmations.
To help refocus on money-oriented goals and take effective action, try rehearsing three to five daily reminders that can serve as powerful motivators to achieve extraordinary outcomes.
If you struggle with the belief that wealthy individuals are greedy and this causes you to unknowingly hinder your own progress by accepting low-paying jobs, a valuable affirmation to repeat to yourself could be: “It is possible to possess wealth and still be a kind-hearted individual. I contribute more to society when I am financially prosperous.”
If you were brought up to think that money is rare and only certain individuals have the right to it, a useful affirmation could be, “There is an abundance of money in the world, and an abundance of money is currently coming to me. I am worthy of it.”
3. Ditch the negative language.
If you embrace excuses and negative thoughts, perpetuating a victim mentality and self-pity, you will hinder your ability to take massive, decisive action. By doing so, you are preventing any significant progress or change in your current situation.
Instead of using negative language, make a conscious effort to use positive language. For example, rather than complaining about the price of your sandwich, express your satisfaction by saying, “I’m delighted with this sandwich! I’m glad I chose the turkey instead of the egg salad!” When tempted to criticize your boss’s behavior, give her the benefit of the doubt and believe that she may be dealing with personal challenges that hinder her ability to be an effective leader. Approach her in a compassionate and open manner to discuss the situation.
When you use positive language, even if it may appear cliché initially, it fosters positive beliefs and naturally draws positive occurrences towards your life.
4. Get the right mentors in your corner.
Take a moment to consider the individuals from whom you usually seek advice. Are they your parents? Your significant other? Your colleagues?
Moving forward, make it a personal challenge to exclusively seek guidance from individuals who have already accomplished what you aspire to accomplish.
The first step in the process is to become clear about your desires. Are you aiming to achieve a revenue of seven figures for your business? Are you seeking a new job? Or are you hoping to find a boyfriend who holds a high opinion of you?
In order to gain clarity, it is important to seek out mentors who have already achieved what you desire and make a point to spend time with them.
5. Set a money goal for the next year.
Your desire is to contemplate the emotions that will arise within you upon receiving this money. Instead of enduring a waiting period, redirect your focus towards experiencing these emotions in the present as if you have already obtained the money. By doing so, you eliminate the need for an intermediary waiting phase.
As you move forward, it is crucial to maintain a step-by-step mindset. Focus on rephrasing the following text without altering any information and keeping the same meaning. Employ imaginative writing techniques and vivid visuals to engrain this goal in your mind, ensuring that it remains at the forefront and propels your progress. The first part of the initial step involves instilling within yourself a firm conviction that it can be accomplished. The marriage of desire and belief is vital in materializing your aspirations. Now commence your search for proof or evidence confirming the arrival of unexpected finances. It may manifest itself in smaller increments than the desired amount, such as stumbling upon money in your car or discovering it on the street. Embrace these instances wholeheartedly. The more you can evoke these three emotions while visualizing your desires, the more potent the manifestation.
6. Identify Your Money Beliefs
Reflect on your early years and consider the observations you made regarding money as you were growing up. These observations were influenced by your parents’ actions involving money during your first seven years of life. What you witnessed, heard, and encountered subsequently became ingrained in your subconscious, which holds greater influence over your thoughts than your conscious mind.
Your beliefs drive your behavior that gives you the results you have right now in your life. If your financial life is not what you want, it’s critical not to skip this step.
7. Transform Your Money Story
In this step, we determine the narrative surrounding money that you wish to manifest. Currently, consider your own financial behaviors. Do you rely on credit cards and accumulate debt that you struggle to repay? Is saving money not a priority for you? Do you feel hesitant to ask for fair compensation for your services? Are you afraid of facing your financial situation?
If you have had a negative encounter with money, it can be considered a defining moment where you derived a lesson or significance from that experience. It is believed that our overall being is influenced by these defining moments in our lives. If you have gone through the unfortunate situation of losing your home or declaring bankruptcy, this would be considered a catalytic event, and it is likely that you interpreted this event in a negative manner. You are probably acting based on the lesson learned and have developed an unhelpful belief about yourself.
8. Get Conscious of Your Money Story
What are the areas of your life where you feel pain, fear, and hold certain beliefs when it comes to money? Are you earning a sufficient amount but unable to manage your expenses within that limit? How do you perceive your own capability to earn money?
Lily, an entrepreneur, made good money in her business but consistently spent it right away, leading to constant financial struggles. She recalled her family’s statement about people like them not being able to hold on to money. Upon reflection, Lily discovered that she believed her friends and family would not want to be around her if she had more money than them. Consequently, this belief became a self-fulfilling prophecy, causing her to quickly dispose of any money she received. However, once Lily became aware of this subconscious belief and comprehended its influence on her spending habits, she was able to change it. The belief no longer held the same emotional power over her. This story exemplifies how our subconscious beliefs drive our behavior if left unrecognized.
