12 Ways To Change Your Money Mindset Fast
If you want to get your finances in order once and for all, then the key is to change your money mindset. Changing your money mindset can be tough; after all, you’ve likely picked up many limiting beliefs during your time on this planet. The way we feel about money is influenced by many things; how we were raised, our parents beliefs towards money, our experiences with it in the past, and so on.
If you believe that money is the route of all evil, then you’re probably not going to have a lot of it. If you believe that only greedy people want more money, again, you’re not going to have a lot of it. How you view money is directly correlated with how much of it you have. This doesn’t mean you have to become something you’re not and value money above all else, but you do need to appreciate money, and understand that it’s a great tool to live the quality of life you dream of.
Money is simply energy, and your own energy can either repel it or draw it towards you. That might sound strange, but think of it this way; is it not plausible that if you have limiting beliefs surrounding money, for example ‘people like me don’t have a lot of money’, then you’ll act accordingly in your life? Many of us don’t realize that our subconscious beliefs directly impact our actions, and those actions tend to confirm what we think we already know. That is, until we change our mindset.
We change our mindset, we can change our actions, and we can change our situation. You’ll never be able to change your situation if you’re stuck in the same old tired mindset, and that’s a fact!
Now we’re on the same page about how important mindset is, let’s look at 12 ways to change your money mindset fast.
1. Surround yourself with positive influences
First of all, you should be surrounding yourself with positive influences if you want to change your money mindset. If you’re constantly hanging out with people who talk about how broke they are, then you’re likely going to feel compelled to do the same thing. Their language and their actions will sink in. Ideally, you’ll be spending more time with people who are wealthy, or at least feel that way. If these people have similar goals to you, then that’s even better!
2. Consume helpful content regularly
By consuming helpful content regularly, you’ll quickly get your head around this whole money management thing, and you’ll get to grips with everything you need to do to make it work for you. Seminars are great, but there are some great Instagram pages you can follow, YouTube pages, and of course, books. Work to find people who you resonate with and could listen to/read/watch regularly and then emulate them. Make notes. Take their advice now to keep up that momentum. Don’t wait, or you might over analyse and never take action!
3. Realize that you’re abundant right now
Changing your money mindset will happen much faster if you can feel abundant right now. This feeling may come more naturally to you when you’re looking at a lot of zeros in your bank account, but you don’t need those zeros to feel rich. Think of the roof over your head, the food you’ve eaten that day, and all of those little luxuries you may be able to afford. The things that make you feel abundant don’t even have to be money related either. How about feeling abundant because of the wealth of amazing people in your life? Those abundant feelings will help you so much if only you can find things that inspire them in you.
4. Indentify your limiting beliefs and where they came from
We all have limiting beliefs, but they all differ because of the things we listed in the intro. The key is identifying your own limiting beliefs and where they came from. Or, how about some common phrases that come into your head when you think of money? For example, ‘money doesn’t grow on trees.’ This might seem like an innocent belief, but not if it makes you feel that money is hard to come by. Do the following:
- Think about money and write down how you really feel. What sort of feelings and thoughts come up when you think of money or when somebody mentions it? Write everything down.
- Identify where these feelings and thoughts come from.
- Are certain thoughts true? For example ‘I could never make that much money.’ – is that true, or is it just a limiting belief that’s holding you back?
The more mindful you can be of these stories you tell yourself, the more you can interrupt them and change them. We will live up to the stories we tell ourselves most often. Make sure you’re telling yourself a story you’re happy with!
5. Try the tapping solution
Tapping is a technique that helps to change your beliefs. This can happen quickly, or it may take some time depending on how deeply ingrained your beliefs are. You simply tap a series of pressure points and then repeat affirmations and statements designed to change how you think and feel about a certain subject. There are YouTube videos on this and even courses you can take if it sounds like something you want to try.
6. Speak to a professional who can help you to look at your situation objectively
Maybe what you really need is somebody to take a look at your situation and give you their objective opinion. If you’re in debt and you don’t know where to turn, the tips listed here will help you to change your mindset but may not automatically help you to get out of debt. In these situations, speaking with professionals like National Debt Relief can be beneficial. There’s always a solution and help for you out there, so don’t wait until you’re receiving more angry letters!
7. Recognize emotional spending and stop it in its tracks
Many people spend money emotionally. They don’t buy because they need something, they buy because they want to feel a certain way and spending may make them feel that way for a while. However, these feelings don’t last, and more money must be spent to get the feeling back. Try to stay mindful so you can identify your emotional spending triggers. Some people may spend when they’re sad, for example.
8. Come up with solid financial goals and a plan
If you have solid financial goals and plan, it’s going to be pretty hard for you to ignore them. Where do you want to be in 5 years? What about 10 years? How do you want to retire? Do you want to buy a car, or even a house? These are things you’ll need to plan for. When you break down the steps to your plan, reaching your goals will seem so much easier. You can still buy small luxuries, but you’ll also be able to weigh up whether you’d rather put that money towards your goals and reach them faster instead.
9. Watch how you talk about money
You should watch your language around money if you’re going to change your mindset, too. Always try to talk about money in a positive way. If you can’t, then try neutral. You shouldn’t be saying things like ‘I’m so broke’ or ‘I can’t afford that’ or even ‘I hate money’. You be thinking ‘but it’s true!’ – and this is where the problem lies. There are ways you can word these phrases so you’re not just re-living the same old tired stories, as we discussed earlier. For example, instead of saying you can’t afford something, say ‘I’m choosing to spend my budget on something else this month’. Saying you can’t afford something puts you into a passive, victim position, while saying you choose something puts you back in the driver’s seat.
10. Practice affirmations regularly
Whenever you feel like it, practice new affirmations. It might feel silly at first, but you want them to sink into your brain. You can say whatever resonates with you. For example:
- I’m wealthy!
- I always have plenty of money!
- I love money and money loves me!
- Money is drawn to me!
- I’m a money magnet!
You can say them out loud, write them down, record yourself saying them and listen to them (try it while you’re sleeping!) – the list goes on.
11. Always keep some money in your wallet or purse
Having money in your wallet or purse reminds you that you’re abundant whenever you open it. Remember this every time you look at the cash.
12. Feel gratitude every time you make a payment
Whether you’re buying food, paying a bill, or spending money on yourself, feel gratitude. Don’t begrudge having to pay bills, be grateful that you can.
Are you ready to change your money mindset? Get started now!
[a contributed post]