Tag Archives: mindset

Mindset Matters

Mindset matters.  If I’ve learnt anything from my trips to Africa with The Hunger Project and helping people in abject poverty to turn their lives around, it’s the importance of our mindset.  Mindset drives every part of our lives from our wealth and happiness to achievements and relationships.

If the words ‘financial planning,’ ‘budget’ or ‘money and finances’ leave you feeling bored or disengaged, it’s time for a change of mindset.  You are the one who can change your financial future.  I’ve met many professional and successful people who put ‘money’ on the back burner and hope it’ll take care of itself somehow.

But, only you can decide to become interested in your finances.  It’s the first step in making any progress and can happen as quickly as you decide to become interested.

And it may not be suddenly being interested in ‘finances’ but again, working out what makes you happy.

If an annual holiday where you can ski, dive or relax with a good book in a hammock is really important to you, you will find ways to make it happen.  If paying down the mortgage or getting rid of credit card debt is important, then setting goals and taking an interest in their outcomes if the first step.

Goals based financial planning is much more effective as it’s tied to outcomes.  You’re getting to set the goals and constantly achieve them.  It’s much easier to give up a night on the town or drinks with your mates if you know that the $100 you spend now, will be a dive on your trip, or ski hire for a day.

Setting our intentions is paramount.  ‘I want to save $5, 000 for a week in Thailand or $10,000 for a driving trip down Highway 1 in the USA by this time next year means’ we have become very clear on what we want and when.  ‘Someday’ and ‘one day’ don’t cut it when planning.  Attention to detail helps us to reach our intentions.

Depending on our upbringing and thought patterns, money or the thought of it, can trigger emotions.  If the thought of doing a budget or having a certain amount set aside makes you happy, then great!  But if you are getting knots in the stomach at the thought of sitting down to examine your finances, it might be time to examine your thought patterns more closely.

If you do feel that you trigger a particular emotion when dealing when money or react to something when the subject comes up, take time out to examine your reaction.  Is what you think really true or could there be other possibilities?  Learning to insert ‘thoughts’ between triggers and emotions can take time.  Seek professional help if you’d like to understand more about your triggers and thought patterns and feelings.

Some are brought up to believe that ‘money is the root of evil’ yet the original text states that ‘the love of money is the root of evil.’  There’s a very clear distinction here between ‘having money’ and greed.  It may be worth examining some other strongly held views.

If debt is a problem, the same theory can apply.  “I want to eliminate my credit card debt entirely in the next two years” helps us to focus on an outcome that will make us happy and feel much more content.

What’s a goal that you’d like to start working towards today?  And when would you like to achieve it by? I’d love to hear from you!

Negativity & Wealth

It’s a fact that most of us think negatively about our finances. Possibly almost as much as we think negatively about our health and physical body.

It’s easy to find and focus on what’s wrong, what could be improved, much more so than finding what is working and being grateful for what we do have financially.

Are your basic needs covered? Do you have good food to eat, a roof over your head, a vehicle, means of communication and an income?  Do you know how much better off you are than most people on the planet?

What’s the one thing about your wealth or financial position, that you are focused on in a negative way? Is it your level of income, your outstanding bills, your dingy apartment, the dead-end job?

Complaining about any aspect of your wealth is pointless unless…

1) you can actually change something, and

2) you are prepared to make the effort to do so.

Can you ask for a raise?  Is there another position you can apply for?  Can you focus on bringing down debt rather than winging about it over drinks at the pub?  Can you start to practice gratitude?

The energy of complaining and being negative is never good for our bodies and physical health. Positive people tend to have better overall health, and wealth.

Today, be mindful of how negative you are about some aspect of your financial journey. Try and start reversing the words you use to describe the story you have around it.

Things WILL improve.  I CAN bring down debt. I’m DETERMINED to get a better job.

Try it and see how it works for you.

Money Mind Over Matter

Money can be a touchy subject.

From infancy, our family’s beliefs and practices around money have influenced how we view our finances.

Did you grow up with: Only people who work hard are successful.  Get a good education and a good job.  Don’t get into debt.  It takes money to make money.  The rich get richer and the poor get poorer.  It’s just not meant to be for us.  Ever heard any of those as ‘true-isms?’

Many of us also believe we are inherently bad with money. We can’t make it, we can’t save it, and we sure as heck don’t know how to keep it or invest it (if we had it in the first place, that is!)

If this is our dominant belief, it sure can keep us stuck. Have you ever noticed that what we focus on expands and plays out?  Things will go wrong with my job!  The kids are going to muck everything up!  I never get this recipe right!  I’m clueless about money!  If you constantly believe any of those things, they  usually come to pass.  Thoughts of being bad with money, or anything else, then keep perpetuating themselves.

Ever noticed how when you really don’t want something to go wrong, and you visualise it going pear-shaped – it usually does?

If you believe in the power of positive thinking, could you start saying affirmative things like: I trust my intuition.  My job will be fine.  I am a good cook. The kids are great. I make good decisions about money. I am smart when it comes to money. I am worthy of making good money.  I will learn about money.  I will find ways to invest wisely.

Positive thinking is a mental and emotional attitude that focuses on the bright side of life and in turn, expect positive results.  A positive person anticipates happiness, health and success, and believes that they can overcome any obstacle and difficulty.  Some believe it’s a complete load of rubbish, yet many are coming around to the effectiveness of a positive mindset.

Like every other part of our lives, our money and finances can start with positive beliefs and yes, they really do take time to become entrenched habits.  So best start today!

I know what you’re thinking, and you’re right!  A few affirmations isn’t going to turn you into Warren Buffet, but chances are, your outlook improves, your confidence rises and you’re better set to tackle any life or financial curve balls that come your way.

Do you believe positive thinking can help turn finances or any part of your life around?  I’d love to hear your take on it!