Money Mindset – Part 1

When it comes to success with money or anything else, it starts with mindset.

I’m sure you’ve heard the phrase “Thoughts become things” popularized by Earl Nightingale.

I’ve found this to be true in my own journey.

You see, I used to have a poor money mindset. I also used to be broke.

I now have a healthier money mindset and am still a work in progress.

I wanted to write a 3 part series to share what I believe are 3 of the most important ways to develop a winning money mindset.

The first is to understand your root beliefs about money.

We all have distorted beliefs about things.

I’ll share 2 examples of clients I’ve worked with.

First, there is Jen. Jen grew up being taught verbally and non-verbally a scarcity mindset.

There was never enough money and that’s just the way things are. Some people have it and some don’t. Of course, that limited Jen and she wasn’t able to get ahead until she began uncovering and changing her mindset.

On the other hand, Alexandra grew up with plenty. Her parents did well. While there were some down years, she didn’t want for things and had a pretty healthy view of money from the start.

As an adult she had some life crises which twisted her thinking about money. After losing “it all” she became very negative and fearful about money. She doubted herself and it affected her self esteem.

After working through some of these thought patterns, she’s been able to double her income and now has an optimistic view of money.

So step one is to determine your root beliefs about money and success.

Think back to different periods of your life and what you were taught both verbally and non-verbally.

Here are some examples:

• Money was never talked about. It was taboo
• Money talks usually led to blow ups
• Money is the “root of all evil”
• We’ll always be broke
• Nice guys can’t get ahead
• Money isn’t important
• The government will take care of us
• We could never afford that

I’d love to hear what you come up with and even help you work through them.

Don’t make the mistake of thinking you can ignore deep rooted beliefs. They need to be uncovered and changed so that you can reach your true potential.