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My income is just play money, not real money.People in my field never make enough money.I can manage the budget, but I’m not smart enough to invest.Which do you most associate with? Scarcity-Based Money Beliefs
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They are excited and optimistic about the future. Some people may seem more naturally disposed to an optimistic mindset than others, but in a world full of negativity, we all need to pay attention and work on cultivating an abundant and positive mindset.Īn abundance mindset is important for long-term financial success because it helps us believe in our own power, be willing to try new things, and not be defeated by the natural ups and downs of life.Ĭonsider these examples of scarcity- and abundance-based money mindsets. People with a scarcity mindset are pessimistic about the future.Īn abundance mindset is centered around the belief that money is constantly flowing and there is plenty to go around. This can come from growing up without enough money, constantly seeing arguments about money, or a lack of security. But most can be broken into two main buckets: Scarcity-based mindsets and abundance-based mindsets.Ī scarcity mindset is centered around the ideas that money is limited resource and there is never enough to go around. Obviously, there are endless unique mindsets and viewpoints about money. To change those feelings, we have to bring them out into the light of day and determine if they are serving us or holding us back.Īs you reflect on your own money stories, consider these elements of your relationship with money. Often, the stories we tell ourselves about money are deep-rooted and mostly subconscious.
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How to Improve Your Money Mindset with Mantrasĭownload My Workbook! Step 1: Identify What Your Current Money Stories Areīefore we can create new money mantras, we have to understand what our current money beliefs and stories are. It won’t be something that goes against your core nature, but instead, aligns with who you believe yourself to be as a person. If you stop telling yourself, “I’m terrible with money,” and instead practice the mantra of, “I make intentional choices with my money,” over time, budgeting won’t be so hard. Opportunities you may have otherwise never noticed or written off.Īnd as our thoughts change and how we see the world changes, our beliefs about who we are and what we can do shifts as well.
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So, by taking control of our own thoughts we can trigger our mind to look for opportunities to prove our mantras to be true. Our brains look for ways to prove our thoughts – it’s how we create stability in an uncertain world. When practiced intentionally, mantras can help you broaden your perspectives. Money mantras are short, powerful statements that you declare to yourself regularly and loudly to help you build your money confidence, attract abundance in your life, and reach your goals. Understanding What Money Mantras Really Are It is a small thing that results in massive action. It’s not waiting for wonderful things to just fall in your lap. It’s the root of changing your thoughts, your beliefs, and how you ultimately shift your behavior with money. Maybe you just closed your eyes and thought, “I will have a million dollars,” opened your eyes to an unchanged bank account, and concluded that this is nonsense.īut a mantra is not a wish. Now, I get that this sounds a little woo-woo, maybe a bit crazy to you. Have you ever heard the concept of manifesting what you want in life? The idea that you can create what you want in life by changing your thoughts? Mantras are part of that and, today, we’re going to break down how you can use money mantras to improve your finances.