What Do You Really Think About Money?
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What Do You Really Think About Money?
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Do you have a positive or negative money mindset and how does this influence your financial life?
Your money mindset is a major predictor of your actions, and, ultimately therefore, your financial success. Limiting beliefs around money are major obstacles to creating financial success, so aim to maintain a positive outlook toward money.
Negative money mindset traits include:
- Fear and anxiety
- Feelings of a lack of control
- Negativity around the very concept of money
- Feeling intimidated by difficult financial concepts
- Defeatism ("I'll never be good at this")
- Procrastination ("I'll get to it one day")
Whereas positive or empowering money mindset traits include:
- A willingness to learn and take on challenges
- Feeling in control of behaviour and decisions
- General optimism, even in the face of uncertainty
- Openness to learning new things
- Solution-oriented attitude
- Acknowledgement of incremental progress
This episode suggests 8 ways to improve our money mindset including expressing gratitude, cutting off negative self-talk and keep moving forward.
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