Transforming Your Money Mindset: A Journey to Financial AbundanceAug 02, 2023
Embarking on the journey of exploring your money mindset can be both daunting and transformative. As you delve into the depths of your beliefs and attitudes towards money, you may find hidden barriers that have been holding you back from financial abundance.
The Discovery: Unveiling Limiting Beliefs
At the beginning of your money mindset journey, you might encounter a range of beliefs that have shaped your perception of money. Common limiting beliefs include:
"I'm not good with money."
"Money is scarce."
"Money is evil."
"I am not worthy of money."
"If I make more money, it will change my relationships."
These beliefs, often formed in childhood or influenced by society, can significantly impact your financial decisions and success. Identifying these beliefs is the first step towards understanding your money mindset and how it affects your financial reality.
If you read these beliefs and quickly think none of them sound true to you, I encourage you to delve a little deeper and spend some time reflecting. Most people have at least 1 or 2 of these beliefs.
The Work on Mindset: Making Positive Changes
Transforming your money mindset is an ongoing process that requires self-awareness and intentional efforts. Here are four practical ways to start working on your money mindset:
Reflect on Your Money Story: Take time to journal about your past experiences with money, exploring how your parents or caregivers approached money and the messages you received about it. Understand how these experiences might have influenced your current beliefs.
Visualize Your Future Desires: Imagine your ideal financial future without limitations. Journal about the life you want to live, the financial goals you aim to achieve, and the changes you'd like to make. Create a detailed picture of what financial abundance means to you.
Read Empowering Books: Seek out books that can help you reshape your money mindset positively. "You Are a Badass at Making Money" by Jen Sincero and "The Big Leap" by Gay Hendricks are two of my favorites. They take very different approaches to the same topic and are powerful and actionable.
Embrace Affirmations: Incorporate affirmations into your daily routine to rewire your brain for positivity and abundance. Regularly repeat empowering statements about money to counter negative self-talk and foster a positive money mindset. (I know it might sound a little woo-woo, but affirmations rewire your brain and the research on their positive benefits is endless).
Your money story will come true. So take some time crafting a story that moves you in the direction of your goals as opposed to in the opposite direction.
You can hear more on the topic in the podcast episode I did on the topic here.