A key focus of my blog is Financial Literacy/Money. A prominent financial talk show host and writer once said that money is 20% head knowledge and then 80% behavior. This suggests that it’s actually pretty easy to win with money as long as you continue to repeat the right steps. How can you improve your money mindset? The following contributed post is entitled, Your Money Mindset And How To Improve It.
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Do you know what a money mindset is – better yet, do you know what shape yours is in? Being aware of your own money mindset is absolutely key if you want to get your finances in order. With a strong money mindset you’ll be able to earn more money, manage your money better, and feel more comfortable and free around money. It is honestly the best thing you can do to improve. Too many people look outside of themselves for solutions rather than looking inwards to fix what is going on. If you aren’t good with money, what makes you think you’ll be better when you’re earning a lot more? The troubles will remain!
Below, we’ll go into more detail on your money mindset and how you can improve it. Enjoy!
Identify Your Limiting Beliefs
The first step to changing your money mindset is identifying your limiting beliefs. We all have limiting beliefs to some degree, some more than others. These beliefs are usually the beliefs that we picked up off our parents and the people around us when we were young. By identifying what your beliefs are, you can eradicate them and write a new story. It takes time. You must be mindful of your thoughts, and you can think about using techniques like tapping to help you overcome the beliefs that are holding you back.
Spend More Time With People Who Are Good With Money
If you’re always spending time with people who squander their money, don’t appreciate it, and talk about it in a negative way, you will do the same. We become like the people we spend the most time with. If you spend time with people you’d like to be like, you’ll be investing and learning all about accounting for cryptocurrency before you know it. You can try to spend more time with people who are good with money by finding mentors, asking for advice from people you admire, and even following them on their social channels. You don’t have to cut out people who are bad with money, but you must make sure you’re not soaking up their limiting beliefs and getting involved in their narrative.
Read More Books On Money
There are so many books on money that can help, including ‘Rich Dad, Poor Dad’ and ‘Think and Grow Rich’. Look them up and gain a new perspective!
Know What Your Spending Triggers Are
Certain things may trigger you to spend, for example, feeling sad, or feeling bored. You’ll need to make sure you stay extra mindful during these times so that you don’t cave in and spend money on things you don’t need.
Practice Gratitude Every Day
Practice the feeling of abundance by being grateful for all you have every day. Be grateful for every dollar, every cent. Be grateful you are able to pay bills. Be grateful for everything!
Open Your Mind To The Myriad Of Possibilities
There are a ton of possibilities for you, but you must be open to them. Changing your story will allow you to imagine new possibilities for yourself. Amazing things can happen, you just have to believe it!