Creating a Positive Money Mindset: 10 Tips to Transform Your Finances
Do you walk around cursing how expensive everything is, complaining about wages, and otherwise speaking ill about finances? The law of attraction philosophy suggests positive thoughts bring positive results into your life, while negative thoughts yield negative outcomes. Creating a positive money mindset is the first step in shifting your money energy and transforming your finances.
The Benefits of Creating a Positive Money Mindset
Before fully understanding the benefits of cultivating a positive money mindset, acknowledge the dangers of maintaining a negative one. Negative emotions and mindset lead to stress and anxiety, both linked to an increased risk of coronary heart disease, congestive heart failure, and stroke.
Therefore, creating a positive money mindset is imperative for reducing stress and anxiety levels for overall good health. Here are several tips for shifting your mindset to abundance while transforming your finances.
1. Let Go of Financial Mistakes in the Past
Give it to God. It’s the only way to let it go. Don’t beat yourself up over and over again; you’ll continue to repeat the cycle. Remember, the enemy is that voice of taunting self-doubt. Don’t entertain it, don’t repeat it, don’t believe it.
Instead, believe in your own power to silence it. Tell it to shut up in Jesus’ name, honestly. Stop giving that voice any authority over your self-confidence and intelligence because you need to exercise both to change your money mindset.
You cannot undo your past financial mistakes. However, you can shift your money mindset from dwelling in that negative space to putting God at the center of your finances.
2. Educate Yourself About Money
What you don’t know will hurt you. At some point in your life, you will realize that you have no one left to blame but yourself.
Forget about the public school system failing you miserably. Stop being angry at the government for not educating you about financial freedom and educate yourself. It’s not your mom’s fault or your dad’s fault. It’s your grown-adult fault.
You better take accountability; it’s a significant step in your mindset shift. It’s okay to acknowledge all the truths about why you may not understand money — but leave all that in your past financial mistakes chapter on which you’ve already closed the door.
Start by reading — not skimming over a blog post or pinning it for later. Read the leading books about money and finance blogs that provide valuable content. Set aside at least 15 minutes daily to read and learn something new. Then, take action.
3. Use Abundance and Money Affirmations
Believe and affirm that you can and will make money. Designate a space, equip it with a mirror, look yourself in the face, and speak daily positive money affirmations over your life. Your thoughts, ideas, and beliefs become your reality. Change the narrative.
Stop telling yourself that you don’t have enough, and affirm that you always have more than you need. Quit identifying as broke and start declaring yourself as wealthy.
You need to believe you can obtain and maintain wealth to achieve abundance and financial freedom. Only after believing in these things will you start taking the necessary actions to ensure they happen.
4. Budget Your Money
The first step to forging a new trail is learning how to budget your money. You cannot manage your money without a breakdown of what you make, what you owe, and what you spend monthly.
If you’ve never tracked your expenses before, be prepared for the shocking discovery of money-wasters you didn’t realize were significantly draining your finances. Keep all of your receipts and face those decisions with intention.
After tracking your expenses, it’s time to make necessary savings goals and expense cuts that begin with you first mastering the discipline of denying yourself.
5. Deny Yourself
Practice denying yourself today to build for your tomorrow. People hear the word deny and immediately go to a negative place, but truthfully, denying yourself builds character and develops self-control and self-discipline. Denying yourself is empowerment; it’s also scriptural.
Sometimes, when we view ourselves as adults, we feel a false sense of being able to do whatever we want. While we have more freedom in our choices, we suffer the full weight of the consequences that come with those decisions.
If you choose to finance things you don’t need, run up credit cards with an unaddressed compulsive buying disorder, or avoid credit repair and financial education, you’ll forever remain in the American debt cycle and live in a state of financial anxiety.
No one is coming to help, educate, or save you. It’s 100% up to you to learn about how to properly make, spend, save, and invest your money. You can employ financial advisors and coaches to help you, but you need to know and accept that you are responsible for figuring out your finances, and until you do, get comfy on that hamster wheel.
6. Look at Your Accounts Daily
And hold yourself accountable. No more avoiding the destruction of careless swiping and spending on a prayer. Avoidance is a warning sign of a bad relationship with money. It’s time to take back your control.
At some point, you may need to ask yourself with every purchase: “Does it benefit or does it hurt?” Ask the question out loud for a more authoritative moment of reflection before swiping your card or hitting the pay now button.
7. Keep a Money Journey Journal
Keep a money diary to record your daily spending behaviors and decisions. When you start checking into your finances daily to see how you operate with money, it becomes easier to see where you need to make changes for your financial benefit.
It’s also a great place to put energy into your financial goals and to write down money affirmations and prayers. Document your wins while also acknowledging, processing, and working through your failures.
Remember, like everything else in life, you must fail before succeeding. What you do with the lessons from trial and error will set you apart. Do you learn them or continue to do what you’ve always done?
8. Surround Yourself With Money-Minded People
Immerse yourself in the company of those who have a deep understanding of financial matters and have achieved economic success. Don’t be discouraged by the complex financial jargon used in specific areas. Instead, see it as an opportunity for personal growth and empowerment.
Finding the voices and teachers who speak to you will take trial and error. Start following YouTube financial accounts and educational money podcasts. Follow leaders in the financial space on all of your socials.
If you’re a beginner who doesn’t understand money, don’t overwhelm yourself and quit. We are all at different levels of our financial journeys. Stop comparing and start learning. It’s like when you want to learn a foreign language; you’ll learn much quicker if you fully immerse yourself in the culture where you can practice and fully learn it.
9. Cultivate an Attitude of Gratitude
Creating a positive money mindset starts with cultivating an attitude of gratitude. Find things in your life for which you are grateful and give that glory to God. There are far too many read-over points about gratitude from people who do not grasp the reality that the sooner you start, the quicker you’ll begin to experience life-changing results.
10. Give Yourself Grace
To add to my first point about not looking back at the financial mistakes of your past, give yourself grace for the money mistakes of today and any you may encounter in the future.
Remember to breathe, pivot, and center your emotions to keep a positive money mindset. Let go and let God. Put him at the center of your finances. Be consistent with saying money affirmations, educate yourself, and stick to a budget. These actions will be your greatest assets in creating a positive money mindset for manifesting abundance.
Read More From Growth and Finance
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Elizabeth Ervin helps people embrace a change in money mindset to achieve their financial goals. After struggling for a decade as a single mother, consumed by the American debt cycle, she recognizes the value of financial education and lifestyle changes and aspires to motivate others to make those changes to obtain financial freedom. She heavily advocates for praying about and over your finances and speaking positive money affirmations to manifest abundance.
