The Money Mindset that Changed my Life

It seems like everyone is trying harder than ever to get more money. People feel more pressure to earn money for different reasons.

Whether they want to live more comfortably or just “keep up with the Kardashians” sort to speak, the desire for more money is everywhere and is driven by the need to survive and wanting to fit in with society’s high and even unrealistic expectations.

Regardless, I’m going to share a little secret with you.

Money isn’t just about buying the coolest new gadgets or the biggest bag of candy.  Nope.  Instead, it’s actually about being able to call your own shots on how you choose to spend your time.

Picture this: being able to do whatever you love, whenever you feel like it, without having to pause and think, “omg…do I have enough money for this?”

But here’s the kicker – reaching this level of freedom isn’t just about filling your piggy bank to the brim. It’s all about how you see and think about money.

Think of it as the ultimate treasure hunt, where the prize is the freedom to live life on your terms. Pretty cool, hey?

How to Create a Money Mindset

To be a “money magnet” you must have a money mindset.  

The idea of a “money mindset” isn’t about myths or magic tricks; it’s really about how you think and feel about money, which can change the way you handle it.

Having a positive money mindset means you think good things about managing and saving money. This isn’t just about being hopeful—it leads to real actions like learning more about money, making smart choices with your cash, and not spending it all at once.

When you think positively about money, you see chances to do better instead of just problems. This can help you feel less stressed about money and do better with it overall. So, while it’s not magic like a wizard’s spell, having a good money mindset can really make a big difference in your financial life.

You might be wondering, “What’s a money mindset?” Sounds fancy, right? It’s actually pretty simple and super important.

Robert Kiyosaki, the guy who wrote “Rich Dad Poor Dad,” says we shouldn’t just chase after money. Instead, we should focus on learning new things and getting smarter every day.  

Whether it’s figuring out a new video game or learning how to skateboard, it’s all about getting better at life.  When you focus on this, instead of the money itself – you will notice things start to fall into place.

And why does this matter? Well, as you learn more and get better at doing things, you also get better at making money too!  

It’s not like money just starts magically appearing. But if you’re smart and you keep learning, you’ll start to see opportunities to make money that you didn’t see before.

Race Cars and Money

Picture yourself zooming around the track as a race car driver. It’s pretty clear that a lightning-fast car and an ace crew in the pit will make a huge difference in winning that race, wouldn’t it?

Now, think about that in terms of money. Your brain and all the cool stuff you know? THAT is your race car and pit crew, speeding you toward your financial dreams.

Every time you learn something new, it’s like upgrading from a slow-moving clunker to a powerful, lightning-fast race car.

Just imagine……you’re in a race to meet your money goals, and every new thing you learn boosts your speed. Every time you acquire a new piece of knowledge it’s as if you’re pressing the accelerator, gaining more and more speed!

You’re racing towards your dreams, ready to cross the finish line first. The more you learn, the quicker you’ll race towards those goals, just like a champion race car driver.  So, keep filling your brain with new ideas and fresh concepts and you’ll notice how rapidly you approach your financial milestones!

Becoming the Right Person

You know how in movies the hero always seems to be in the right place at the right time?  Well, that’s not enough in real life. You also have to be the right person.  

“O.K. Maya, and what exactly does THAT mean”, you ask.  Well, it means being ready and able to grab opportunities when they come up.   

As the old saying goes “Take the bull by the horns”.  Feel me? 

It’s like if you find a treasure map, sure you need to know how to read it, but you also have to have the courage to follow it. Otherwise, that treasure may as well be on the moon!

Sadly, some people receive a windfall of money, like winning the lottery for example, but then they lose it just as fast. Why? Because they weren’t ready for it. They didn’t have the right mindset to keep and grow their treasure.

Simple Tricks to Manifest Your Dreams

Now, let’s shift gears.

If you always think there’s not enough money to go around, that’s going to hold you back. Instead, think of money as something that’s there to help you build your dreams.

How we talk about money really matters.

Imagine telling yourself, “I can’t buy that, I don’t have enough money.” It feels like hitting a big, red STOP button on your dreams, right?

Now, what if you start saying, “Money comes to me in easy and fun ways!” It’s like hitting the green GO button instead.

This way of talking helps you think bigger and get excited about making money. It’s like cheering yourself on to find ways to earn and save more cash.

Another cool trick is to write down your money goals.

Think of it as making a Wishlist, but for your bank account!

Write things like, “I will save $100 to buy that awesome video game by July.”  

For some people saving $100 means they can put gas in their car, so they’re happy just to do that.  Tough times, I get it.  But for this exercise you don’t want to put any focus on what you lack (money for gas, etc.). 

Instead, pretend that you just won the lottery – what is the first thing you would buy?

Writing it down is like making a promise to yourself. It’s also a way to remind yourself every day of what you’re working towards.

And guess what? It actually helps make it happen because you’re always thinking about it.

What You Can Start Doing Right Now

Lastly, believe that there’s plenty of money out there just waiting for you. It’s like believing in a bit of magic. This doesn’t mean money will just fall into the sky.

But if you believe there’s enough for everyone, you start to see opportunities to earn and save everywhere.

Instead of thinking, “I’ll never have enough money,” think, “There’s plenty of money, and I’m smart enough to find ways to earn it.”

This kind of thinking helps you see money chances that you might not have noticed before.

Although “Money magic” isn’t “real magic”; it’s about how having a positive mindset and making smart choices can really help you manage your money better and grow your wealth.

You see, if you believe you can be successful with money, not only might you start saving more and start spending more wisely – but positive thinking and envisioning success, will more likely attract these outcomes to yourself.

For example, if you continuously visualize yourself achieving a goal, you may become more motivated and alert to opportunities that could help achieve it.

So, basically, “money magic” is all about thinking positively, learning about money, and making smart choices to improve your money situation.

A Wise Money Strategy

To achieve your ultimate financial potential, you have to start playing the long game.  Think of it like a smart strategy for sustained financial success.

Talking about money in a fun and hopeful way, jotting down your money dreams, treating your money decisions like a chess game, and believing that there’s lots of money out there for everyone are really smart moves.

By doing these things, you’re not just wishing for more money—you’re actually making a plan and trusting in yourself. And that’s how you start to make those dreams come true. Remember, you have the power to turn your money wishes into reality!

Now that we’ve checked out some cool ways to think and talk about money, let’s jump into a few more things you can start doing right now to make your money dreams come true.

The Biggest Myth About Being Rich

Some people think that rich people are somehow evil or that they don’t deserve their wealth. This is an untrue belief.

The truth is that there are kind, decent people who also happen to be rich, and there are good people who don’t have money. Yes, some people with a significant net worth are not good people, but this is not because of money.

Instead, this relates to that person’s own character. People with money are not bad. Money has no moral beliefs; it is all about the way people choose to use it.

In fact, people with money can be great people who do a lot of good with their wealth. And when you handle your finances well, you can be one of them!

How to Talk Money Like a Millionaire

First up, the way you chat about cash can seriously shape how you think about it.

I Picked Coffee Over a New Car

Keep a keen eye on where every dollar is going. This will help you understand your spending habits, identify unnecessary expenses, and find ways to save more effectively.

By meticulously following your money’s trail, you’ll gain valuable insights that can lead to smarter financial decisions. 

Are Your $6 Coffee’s Really Worth It? Rethink your Daily Splurges.

You will be surprised at how much money is going to the most unimportant areas in your life.  For example, after doing this the first time I realized I was spending $350/month on coffee (that didn’t even include the coffee I was consuming at home!).

“OMG…. that’s a freaking car payment!?!”, I thought to myself.  

Yuppers, for what I was drinking in coffee, I could have been driving a Brand-new car instead!  I mean, that was just one way of looking at it!  Either way, it was a tough pill to swallow.

So, if you have noticed how your money can just disappear on things you don’t really need, trust me I’ve been there!  So don’t feel too ashamed, because we’ve ALL been there.

Set off on a mission to find out where your cash is sneaking off to, by spotting all your unnecessary buys.

Cutting back on these little extras really helps smooth out your money situation.  Plus, remember, every dollar you save is putting you one step closer to getting that big, exciting thing you’ve been dreaming about! So, if your “big, exciting dream” isn’t coffee, take my advice!  

Trust me, it feels great to see that dream come closer to reality. 

Discuss your Money Goals and Transform your Finances

Telling your friends or family about your money goals can really help you out. It’s like having your own cheer squad! When people know what you’re aiming for, they’re better equipped to support you and keep you focused. They might even get inspired to save along with you, making it a fun group challenge. Plus, just discussing your goals can make them seem more achievable and real.

Turn Money Mistakes into Valuable Lessons

We all slip up with our finances now and then—it’s completely normal! What matters is what you learn from these mistakes.

If you overspend on something and later regret it, take a moment to reflect on why it happened and what you can do differently next time.

It’s similar to mastering a video game; each mistake is a chance to learn the best strategies to succeed. Every error gives you valuable insights, gradually boosting your financial wisdom.

Celebrate Every Little Victory!

Remember to give yourself a pat on the back for each small financial goal you achieve.

Saving money isn’t easy, so rewarding yourself with a little treat can really boost your spirits and keep you motivated. It’s like earning a badge of honor every time you make progress toward your bigger dreams.

Celebrating these moments helps reinforce your commitment and keeps the journey enjoyable.

Finally, always let your dreams soar.

The sky’s the limit when it comes to your financial goals. The more you believe in them, the more driven you’ll feel to achieve them.

Imagine what your life will look like when you’ve reached your goals (notice how I said WILL, not IF).  Keep this picture vivid in your mind as it will help propel you forward, especially during challenging times. 

Achieve your Financial Dreams

Adopting a positive mindset about money, becoming a money detective, sharing your goals, learning from mistakes, celebrating your successes, and keeping your dreams alive are all crucial steps to making your financial dreams come true.

Remember, you’re in charge of your money narrative.

By following these steps, you’re not just fantasizing about a better financial future—you’re actively creating it.

Keep believing in yourself, and soon, you’ll be living the life you’ve always dreamed of financially!

How do you Develop a Wealthy Mindset?

To develop a positive money mindset, start by setting clear financial goals and educating yourself about money management.

Practice gratitude for what you have and reframe challenges as opportunities to grow financially.

Consistently track your spending and saving habits to reinforce responsible and proactive financial behaviors.

What is the most Powerful tool to Build Wealth?

Easy. Your income. 

Your income is your strongest tool for building wealth. However, if you spend your entire life making loan and credit card payments, you’ll have less money available to save and invest for the future. 

Your income is your secret weapon to grow your wealth means being smart about how you manage your money.

Here are 7 ways to achieve this:

1. Make a Budget:

Start by figuring out how much money comes in and where it goes. A budget helps you see where you can save money.

2. Save Often:   

Try to save a part of your income every month. A good rule is the 50/30/20 rule: 50% for needs, 30% for wants, and 20% for saving and paying off debts.

3. Invest Early:   

The sooner you start investing, the more you can benefit from your investments growing over time.

Think about different ways to invest, like stocks, bonds, or real estate, based on what you’re okay with risking and what your goals are.

4. Earn More:   

Look for ways to make more money, whether it’s by moving up at your current job, finding a new one, or starting a side job. More money means more you can save and invest.

5. Pay Off Debt:   

Try to get rid of high-interest debt like credit cards first. This frees up more of your money to save and invest.

6. Save for Retirement:   

Put money into retirement accounts like a 401(k) or IRA, especially if your job matches your contributions, because that’s like free money.

7. Keep Learning:   

Stay up to date on how to manage and grow your money. Knowing more can help you make better choices.

By following these tips, you can use your income wisely to build more wealth as you grow older.

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