Change your money mindset for financial success

“Money is only a tool. It will take you wherever you wish, but it won’t replace you as the driver”

Like it or not but money is an integral part of our lives. It influences our choices, opportunities and well-being.

In this article I will explain the psychology of money or how your “money mindset” plays a big role in your financial future and how to cultivate an abundance money mindset that will lead you to financial success.

First, what is a money mindset ?

A money mindset is our attitudes, beliefs and thoughts about money. Positive or negative the way we perceive money shapes your financial decisions and behaviors. Your money mindset is not predetermined. Your perception of money is greatly influenced by factors such as your personal experiences, education, and cultural influences.

Your beliefs about money are deeply ingrained in you and are often passed down from generation to generation so don’t be too hard on yourself.

the two primary money mindsets:

Scarcity mindset

People with a scarcity mindset are obsessed with the lack of money. They see money as something limited and difficult to obtain. They worry about financial instability and are anxious about expenses.

For example if you have often heard your parents or other people around you say “money is sacred”, “you have to work hard to make money” “Rich people are selfish, evil, entitled” there is a big chance that you will have a scarcity mindset.
This kind of mindset can lead to extreme stress and difficulty making financial decisions.

Abundance mindset

Those with an abundance mindset see money as a renewable resource that can be attracted through positive thinking and the right actions. They believe in their ability to create wealth and see money as a tool to make financial decisions to reach their goals.

Your money mindset influences the choices you make. An “abundance money” mindset is more likely to take growth oriented decisions, create new opportunities, set ambitious financial goals, and invest. While a scarcity mindset may miss opportunities, create a fear of spending money, making investments.
Your money mindset can significantly impact your mental health. 

Good news for you ! You have the power to change your money mindset and how you perceive money.

tips to shift towards an abundance money mindset:

• Write down the limiting words or sentences you and the people you hang out with use to describe money. Slow down and stop using these words. Self-awareness is the first step to identify your current money mindset
• Practice repeating positive beliefs about money everyday. 
  “I’m grateful to money because…”, “Money comes easily to me”
• Learn about personal finance, read, watch videos. The more you know the more confident you will be with your money.
• I often say this but surround yourself with positive people. People who inspire you and encourage you to change your mindset about money.

Your money mindset has a big role in your financial success. Remember that mindset is a muscle and you can always shape it to align with how you imagine your life. It takes time to change a habit but with patience and dedication you can do anything you want. 

I hope you found some interesting stuff in this article that will make you understand your current money mindset and help you swipe to an abundance one.