At a young age, we build a bond with money. And, contrary to popular opinion, it’s our connection with money that hinders us from genuinely breaking through and reaching financial independence, not our money management.
This is wonderful news for the 73 percent of Americans who recently listed their finances as the most stressful aspect of their lives in a Creditwise survey.
Is it any surprise, then? According to Bankrate, 63% of Americans lack sufficient funds to meet a $500 emergency. It’s evident that we need to approach financial management from a new perspective now more than ever.
Here are three strategies to help you change your money mindset:
Recognize Your Early Money Beliefs.
What we learn about money up until the age of seven has the greatest impact. What your parents did to make money and how money was discussed in the home can lead to feelings of shame regarding money (which can impact your spending and saving behavior.)
For example, if your parents told you that the wealthy person in your neighborhood was “greedy” and hence “evil,” your subconscious mind would equate wealth with shame and an inability to be loved.
One of my clients had the mentality that she could only generate money if she worked extremely hard.
This mentality led her to connect success with hard effort, long hours, and blood, sweat, and tears. She had convinced herself that this was the only way she could make money. She was also obstructing the flow of money in other ways. Clients who came into her email through recommendations, for example, asking to pay in full, or going into a launch and having clients come in it without her having to push hard for the sale.
When my customer realized this and began telling herself, “Money comes easily to me,” she was able to see all the ways she could make more money by doing less work, and she has since simplified her business model and added $100k in annual revenue.
Recognize That Money Is a Form Of Energy.
Because money is associated with survival, protection, and security, we place a high value on it. All of these things are essential for our survival as humans. We make money matter a lot because of the relationship to survival.
Money, in reality, is a neutral medium of exchange. It’s not inherently bad, but it’s also not inherently good. It’s a neutral color. If we accept the concept that money is just another type of energy, we will be able to use the money to support our ideals.
This is where a lot of folks go wrong. They spend on autopilot and don’t think about where they want to spend their money. According to neuroscience, our conscious mind plays a minor impact in how we live our lives.
This means that we live most of our lives from our subconsciousness, which is where we keep our preprogrammed beliefs and habits.
Ask yourself, “Is the way I spend and save my available money aligned with my values?” as a practical method to draw this distinction to utilizing money consciously.
Related: Best Ways of Victory Trading
Create Your Own Money Blueprint By Going Beyond Your Programming.
Moving past your present money stories begins with awareness, which is achieved in the first stage. You will be able to change your views after you have a better understanding of your conscious mind. The final phase is to ask yourself a series of questions in order to solidify your new ideas and habits.
These can include the following:
What do my days look like when I’m financially secure?
One of my clients came to me after a number of years in the company, and she was making money through a variety of different offers. She was exhausted, business was difficult, and she had lost faith in her ability to develop a lucrative company.
The difficulty was that she had made up a story in her head that said she couldn’t have the business model she desired until she reached a specific income level. She identified the actual changes required within her business model after adjusting her thinking, and she is now up 300 percent in revenue for 2021, working less than she has ever worked in her life.
Where do I put my money if I’m financially secure?
This inquiry revealed to me that I had been living my life under the assumption that I couldn’t invest or create opportunities to develop my money until I had a particular amount of money.
It revealed that I was persuading myself that only rich people prioritize long-term investing, which is illogical.
What habits can I implement into my day to help me better understand my money and how it works for me?
Many of my clients avoid dealing with money because they don’t comprehend it.
Having a Growth Money Attitude Is Putting Learning First And Being Willing To Learn About Money.
Checking your cash position every morning or setting up a bi-weekly date with your partner to discuss your household financial situation are examples of this. You’ll be considerably more open to creating habits that persist if you understand your money mindset blocks.
It’s more crucial than ever to have a talk about our financial relationships.
We can build new behaviors and open ourselves up to creating more wealth by aligning how we use money with our beliefs and getting clear on our subconscious training about money from childhood. If you take the time to understand your financial aversion, you’ll be far more likely to develop healthy habits and techniques that you can put into practice on a regular basis.
With your new perspective, you’ll be in a better position to seek the guidance and counsel of an accountant or financial counselor who can help you level up your finances and begin to develop wealth.