Is Your Money Mindset Holding You Back? (Part 2 of 2)

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Even though you may have developed a negative money mindset or adverse thoughts about money, it's still possible for you to change how you feel. Here are some tips to help you change your negative thoughts to a favorable, more profitable mindset.

1. You must believe in yourself.

Get rid of your money blocks. When you believe in yourself, others will too. Make the necessary changes to correct your negative thoughts about money. Be confident about asking for what you want. With practice, it gets easier and you will get what you want.

2. Increase Gratitude and Appreciate What You Have. 

I love this quote by Oprah, “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” Appreciating all that you have is the fastest way to stop your negative thoughts and self-sabotaging behaviors. Let go of your negative thoughts about your debts, student loans, etc. Don’t look at them as burdens.  Think of the wonderful things you have that you still need to pay for and be grateful for them. If you have student loans, be thankful for the education you have that allows you to earn enough money to pay them off.

3. Forgive yourself for your financial past.

None of us are perfect. Don’t hold on to negative thoughts about the bad financial decisions you made in the past, as it will keep you from moving forward. Look at them as learning opportunities that helped you become the financially responsible person you are today, or will soon be. Learn from it and move on.

4. Decide on what you really want and write it down.

I highly recommend the classic personal finance book, “Think and Grow Rich” by Napoleon Hill.  Although this book was written in the 1930’s, the simple strategies in the book are still relevant today. The first and most important principle he describes is desire. Take time to reflect upon what you specifically desire, what you will do to reach that desire, and when you will reach it by. It’s a simple strategy, and it works.

Continue your financial education and implement what you learn. Keep looking to find out what type of financial education is best for you.  Staying educated is essential to maintaining your positive money mindset.