What Do You Really Think About Money?

What Do You Really Think About Money?

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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