Firstly, let’s address what is money mindset?
Your money mindset is unique.
It’s the way you think about money. It’s your individual set of core values and beliefs. It’s what you’ve been taught over the years by everyone around you. Usually starts from your family, then your friends and eventually your business associates. Your Money Mindset determines how you earn, save, and spend money within your world
Your attitude about money has been influenced by your past experiences. You end up mimicking what you have witnessed or rebel by doing the opposite of what you have witnessed, sometimes to the extreme, which might not be right for you either.
For example: If you grew up with the words” “Oh, we can’t afford that!”, over and over again… then that might be a habit that is hard to overcome. The habit of thinking about spending money is associated with “can’t afford”… or worse – rebelling and saying “I can afford anything I want” and then carelessly spending your money.
So how would we actually change our money mindset?
It’s a process. It doesn’t happen overnight. First we want to transform our limiting beliefs about our money, so that they become empowering money beliefs working in favour of our best interests and outcomes. We empower ourselves with the way we think, which changes the way we use our money in our lives.
Start by practicing changing the inner talk.
That’s how do we change the inner talk about something we learned?
Words that might break that habit “can’t afford” could change to “I choose to spend my money elsewhere this day / week / month / year.” So now you can grow your wealth the way you choose to, without the “have to’s” and “should’s” that you may have been taught.
This is how we can attract the wealth in our lives that we truly desire… DECIDE what it is you DESIRE!
Reward yourself along the way, allowing yourself to have some allowances… now you are choosing the life you really want!
Then you want to gain an understanding of the key areas that are holding you back repeatedly. Once you know where to focus your awareness, you can acknowledge it and overcome that little stumbling block, one issue at a time. Not so overwhelming then, is it?!
Put a step-by-step practical method in place. So this is a work in progress throughout all of 2021. We all can improve on the way we think about money.
And our goal for you is that we just start that process today. How we do that is by using our Money Mindset Tracker.
We’re going to start off with baby steps. Baby steps are a 118 questions that I have put together for you.
First question is “How do you define being abundant?”
When pondering this question, you could automatically think of old habits that are true to you. Sometimes you may go straight into the negative, “I don’t really have abundance, abundance means lots of money and I don’t have lots of money.”
So, write down your negative thoughts, become fully aware of them, about each question and then flip it into a positive statement. This may take practice and it may take time. You may decide to work on only one question a day. We are encouraging you to ponder at least one question a day and start by tracking it. Start this now, while it is still fresh in your mind. If you put a “y” in each day’s column, then it will add up all your actions at the bottom of the tracking sheet, accumulating so that you can see how many you actually touched on that day, giving you a sense of your success. Our body gets a shot of dopamine every time you check off √ a task, so there is literally physical satisfaction from achieving something!
When you want to create a positive new habit, you will need to consistently repeat the action until you are naturally doing it persistently on a regular basis. Tracking helps you stay on task. Otherwise, you may find it’s easy to tell yourself, “Oh yeah, I thought about that yesterday.” You may have had a quick thought but didn’t write it down. Actually write it down on this sheet and put a √ beside it, so that you can start tracking for accountability. Once you create the new habit (consistently for 30 days), then you may find that you don’t need to continue tracking. Each person is different, so be true to yourself.
Now before we leave this tracking sheet, check out the Weather Report at the top. Hmmm. So if you sign in on a day that you aren’t feeling HAPPY, then you would mark your mental / mind state low out of 10, maybe a 3. How strong are you feeling that day? Out of a scale of 1 to 10? How mentally strong do you feel? And then in body…How do you physically feel? Maybe if you are feeling physically ill, you might mark it in at only a 1 or 2, then that will determine how many things you actually get done that day. So those first two lines on the top of every tracking is to remember to be gentle and kind to yourself, as you create new habits. To do that, you actually have to acknowledge how you’re feeling emotionally, mentally, and physically… to help determine what your best is that day.
Once you get the tracking down pat… then you are ready to set up your own Money Mindset Journal. So if some of those questions are coming up on a repetitive basis, you can actually ask yourself, “Huh, this keeps coming up. Why does this keep coming up? What can I do to change it?
We can start analyzing and unpeeling the onion apart a little bit at a time.
For example, just because Mom and Dad used to say “we can’t afford it”…
When I was about 8 years old, I remember asking for a quarter. “Daddy, can I have a quarter to go to the store and get some candy?” His response was, “Oh, we can’t afford it.” Oh my goodness, if I actually believed that I couldn’t afford a quarter to get one little treat every once in a while, what kind of life would I be living?
That’s certainly not an abundant mindset.
Let’s change it to say “I choose to spend my money elsewhere today/this week/this month/this year! Money is my best friend and it serves me for the best possible outcome with the intention of my wellbeing and the future I am creating. I am a Money Magnet!”