7 Ways to Change Your Money Mindset

Hi there :),

Hoping that as you read this the weather is lovely where you are. As I write this, it is gloomy and raining in Vancouver.

I like to believe the first step in improving your finances and your relationship with money is by changing how you view money (aka your money mindset). Your money mindset could have been formed from what you saw in your childhood. If you grew up in a low income household, you might feel the need to over compensate for the things you lacked as a child which could lead to reckless spending and poor money management (also possible that you feel investing and saving is something for the super wealthy). You could also feel the need to save so much that you end up cash rich but are deeply unhappy and are not living a fulfilling life. On the other hand, if you grew up in abundance, you might feel the need to keep up with the lifestyle your parents afforded you when you actually can’t afford to. If money was used as a symbol of power and oppression, or wasn’t talked about at all at home, that could also affect how you view money. On the bright side, if your parents taught you all about saving and investing at an early age, you might find that you are confident and have a healthy relationship with money. Whatever the case may have been while you were growing up, the beautiful thing is that you can change how you view money now.

Read more: 7 Ways to Change Your Money Mindset

When your money mindset changes, you could go from a place of fear, stress and anxiety when it comes to money to abundance, peace and feeling in control of your finances/money. If you’ve found yourself setting financial goals and not believing you could achieve them or not setting them at all because they seemed impossible, this might be an indicator that your relationship and view of money might be negative.

Here are 7 tips that could help you do that:

  • Read books and listen to inspiring stories of people like you who are excelling with money. Reading and research exposes you to a realm of possibility you probably didn’t know existed before.
  • Have a mantra and positive financial affirmations. What you say to yourself really matters and if you say it long enough, you’ll believe it enough to make it a reality.

  • Spend your money on things that genuinely make you happy in a reasonable manner. This would not only make you feel in control of your money but will also bring you happiness. (Don’t quote me)

  • Speak to and surround yourself with people who have a positive outlook on money. Gradually your attitudes and perception towards money will begin to change.

  • Have a financial plan. Set some financial goals and set up a roadmap on how you plan to achieve your financial goals. This would make the journey a lot more fun.

  • Don’t compare yourself with others. Everyone is on a different journey.

  • Have a budget and/or monitor your spending – This will help you feel in more control over your money and will eventually stop you from feeling overwhelmed by money.

That’s it from me! Hope you enjoyed this post.

Talk soon,

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