10 Bulletproof Ways on How to Change Your Money Mindset - SelfMadeLadies (2024)

Our mind is very powerful, and when used the right way, you can change your life around.Keep reading to learn how you can transform your money mindset with these ten easy to follow steps.

Why Should You Change Your Money Mindset, Right Now!

I struggled all my life with my finances. Most of the time, I was in debt, and the rest of the time, I just had enough to survive. Looking back, I could blame my parents; they always “just had enough” because their mindset was: “having enough is enough for us.”

But I have toblame myself for accepting this narrow mindset.

Sure, there are many people out there who would be very happy with having enough money, especially the ones that struggle to pay the bills.Having such a limited belief about money, or better-said about the abundance of money, can hold you back a lot in life.

Think about it this way, having enough money will just get you the absolute minimum.It will, maybe…

  • Pay the billsbut notgiving you enough funds to save money.
  • Bring food on your tablebut notgive you the pleasure of trying out new things, eating out in fancy restaurants, or just taking care of your health (and buying high-quality organic food.)
  • Letting you work hard for your moneybut notgiving you the funds (or time) to educate yourself and learn new things.
  • Give you the possibility to do a yearly vacation, driving 6h by car to stay in a 3-star hotelbut not give you the opportunity to explore the world, visiting amazing new places, travel in business class, arriving well-rested in a beautiful hotel or 5-star resort.

It will be making you survive BUT NOT fully experience life.

You see,having enough money is maybe enough to survive, but not to live life to the fullest. This will, most of the time, cost money, andI believe that we all deserve living life the exact way we want it to be.

That was the number one reasonI was always unhappy and in search of something until my money mindset changed. I changed it. And so can you.

Most people believe that having the right money mindset is something you might or might not have, somethingyou are born with it, but that’s not true.

It’s somethingyou can learn and train your healthy money mindset, just as almost everything in life. And once you master this skill,manifesting money will be easy.

Here are theten bulletproof ways, how you can transform your money mindset, and finally live the abundant life you deserve, in more detail.

Forget What They May Told You as a Child About Money

Ok, maybe not everything, butwhen it comes to our belief system, most of us have unfortunately often received an entirely wrong message.

Remember your parents telling you something like: “money doesn’t grow on trees? “

I do, and my parents may not have been wealthy, but they certainly weren’t stingy or negative people.

Well, it turns out I wasn’t the smartest kid; otherwise, I would have told them that money DOES grow on trees; after all, it is made out of paper.

But hey that’s not the point, I thinkpeople just use sayings like this to easily and don’t really understand the damage they can do with it.

→ So if you have kids, please don’t make the same mistakes. And please erase all the negative beliefs you had around you as a kid, no matter who this teacher was, your parents, or friends. These negatives beliefs towards money are worth nothing!

Related content you may like:13 most common money beliefs that limit your abundance

Forget About Your Past

It’s not only what others told you about money, but it’s also what belief system you created yourself.

If you have readmy book about manifesting abundance, you know that at one point, I have already lost everything. If I were still living at that time, I would certainly not be where I am today.

For example,I had a business that failed, and I lost a lot of money.It took me a long time to get out of debts from that failed business.If that would now be my “new reality” that people fail when starting a business and losing a lot of money, I would have never started business again.

I would have never made six figures with my 9-5 or my own business. I would still be in debt and believe that’s the way it has to be.

Instead,I concentrated on people that actually had success with their business and made a lot of money.

So no matter where you come from or what happened to you in your past, your past does not define your current situation, nor your future.

We were all born rich.

That doesn’t mean we all come from wealthy families, butwe all have it in us to make a lot of money.

So hit that delete button and forget about your past money problems. They are gone.

Change Your Money Story

You may find it easy to forget about a difficult situation you faced in the past, buthow about your current struggles?

If you do have debts or find yourself in a problematic situationfinancially wise, it is even more important tochange your feelings about this right now.

It is tough to attract wealth and abundance when you are in a state of lack.

The good news is,you can trick your mind into a state of abundance, regardless of the situation you are currently in.

By no means, I suggest you use your credit card to support a luxury lifestyle even when you have hungry kids at home.

But in case you have no one you need to take care of, why not?

My husband Tom and I used this strategy a few times when things got a bit tight. And it always worked out in our favor.

For example,we booked a luxury trip with business class flights, even though we didn’t have the spare cash for this vacation right then.

What happened then surprised me again every time.Out of nowhere, we suddenly got some extra cash, whatever this was through a salary rise, finding some extra money on a savings account, etc.

Once, I even found almost 1K in cash in a handbag I haven’t used for a while. Woohoo!

Crazy as it sounds, but just before we left for our wedding in Vegas and our honeymoon in Hawaii, my husband lost his job.

He didn’t tell me until we left for the airport. And at that time, he already had the offer for a new job. It turns out this new job he got was much higher paid.

This, very unusual, salary raise pretty much paid for our whole trip within the first months of working in his new job, and he was much happier in the new company too.

It only shows you how fast situations can change, so living in your past is never a good idea.


Fake It Until You Make It

When you feel confident with point 3,start talking to others about your situationas if.

Youdon’t have to lie to people; you can just say things like: “my money situation is great; I’m now working on my money mindset, and by the end of the week/month/year, I will make X amount.”

But sometimesit’s really ok to “fake it until you make it,”even if it means you are not 100% honest, but let me explain.

I loved to tell people that I randomly met, at a pub or on a plane, about the buy to let properties I own in England.

At the time, this was just a dream, my big goal.I didn’t have the financial resourcesto even look into such an investment.

But this little “faking it “didn’t feel wrong; it didn’t harm anyone, right?

I always believed that I need to save up a lot of money before I can make this dream come true. It turns out this wasn’t true.There is something called property crowdfunding that makes it possible to invest in properties with as little as a few dollars.

And only a few weeks after I started to tell people this little fib, a crowdfunding company called Property Partner approached me, andI began to invest in the UK property marketstraight up.

It worked!Today I own several properties in England as an investment, and I’m making good money with it.

Expert Tip: Your wealth starts in your head, see yourself as someone who has a lot of money and above all who deserves this abundance, and imagine how much good you can do with this money!

Create a Vision Board

As mentioned above,visualization is a very powerful tool when it comes to changing your mindset, and avision board can definitely help you in the process.

Actually, my vision board is a topic I could talk about for hours. It is amazing what this powerful law of attraction tool did for my success and especially how it changed my money mindset.

I always added the amount of money I wanted to earn to my vision board, and when looking back, this number has changed dramatically over time.

In fact, I used the power of a vision boardto grow my salary from what I “ordered” in my first vision board to three times as much in less than a few years.

If you are really serious about changing your money mindset, you shouldinvest some time in leveraging the power of the law of attraction tools, such as a vision board. And I’m happy to teach you everything about it in mybestselling manifestation book.

10 Bulletproof Ways on How to Change Your Money Mindset - SelfMadeLadies (2024)

FAQs

10 Bulletproof Ways on How to Change Your Money Mindset - SelfMadeLadies? ›

Use the 50/30/20 Rule: Allocate 50% of your income to needs, 30% to wants, and 20% to savings and debt repayment. Adjusting these percentages to fit your goals can help accelerate your savings. Save Your Raises and Bonuses: Resist the temptation to increase your spending with every raise or bonus.

How do you change your mindset about money? ›

Six Steps to Creating a Positive Money Mindset
  1. Forgive Your Past Financial Mistakes. No one is perfect. ...
  2. Understand Your Thoughts and Emotions Surrounding Money. ...
  3. Realize That Comparing Yourself to Others is a Losing Game. ...
  4. Work on Forming Good Habits. ...
  5. Create a Budget That Brings You Joy. ...
  6. Remember to be Thankful.

How do I change my mindset to stop spending money? ›

You'll be able to plan your budget, track your spending, and monitor your debt and savings progress each month.
  1. Shop with a goal in mind. We've all been there. ...
  2. Stop spending money at restaurants. ...
  3. Resist sales. ...
  4. Swear off debt. ...
  5. Delay gratification. ...
  6. Challenge yourself to reach your new goals.
Apr 5, 2024

How can I reprogram my mind about money? ›

Here are five tips to help align your mindset with your profit goals:
  1. Change your money beliefs. Your beliefs about money shape how you use it and interact with it. ...
  2. Get educated on finances. Knowledge is power, especially when it comes to finances. ...
  3. Create financial goals. ...
  4. Track your spending habits. ...
  5. 5 .
Apr 4, 2023

How to change negative money beliefs? ›

Here are some of the best ways to change your mindset around money:
  1. Read books that will influence your mind in a positive way. ...
  2. Think about your life up until now and ask yourself: ...
  3. Give away some money. ...
  4. Dream about your retirement. ...
  5. Have the belief that success is possible for you.

How to stop being broke? ›

Use the 50/30/20 Rule: Allocate 50% of your income to needs, 30% to wants, and 20% to savings and debt repayment. Adjusting these percentages to fit your goals can help accelerate your savings. Save Your Raises and Bonuses: Resist the temptation to increase your spending with every raise or bonus.

What is a bad money mindset? ›

Characteristics of a bad money mindset

If you have a positive money mindset, you are more likely to be decisive and take the steps that you need to take to succeed. On the other hand, negativity breeds emotions that prevent action: Fear or intimidation. Defeatism. Procrastination.

What is the 50 30 20 rule? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

How to change your mindset? ›

Here are tips from the experts on shifting your mindset for success.
  1. Change the Wording. ...
  2. Challenge Your Limiting Beliefs. ...
  3. Improve Your Content Mix. ...
  4. Create a Positive Morning Routine. ...
  5. Set Goals. ...
  6. Visualize the Future You Want. ...
  7. Express Daily Gratitude. ...
  8. Embrace a Growth Mindset.
May 1, 2023

What are the four walls? ›

In a series of tweets, Ramsey suggested budgeting for food, utilities, shelter and transportation — in that specific order. “I call these budget categories the 'Four Walls. ' Focus on taking care of these FIRST, and in this specific order… especially if you're going through a tough financial season,” the tweet read.

How can I reset my mind everyday? ›

Here are some actionable tips:
  1. Get rid of your overwhelming goals. This will give you instant relief. ...
  2. Stop multitasking. Our brains are not designed to handle multiple tasks simultaneously. ...
  3. Take a few days off or work less. ...
  4. Limit negative inputs. ...
  5. Take a long walk. ...
  6. Sleep early. ...
  7. Regular reboots are the key.
Nov 20, 2023

How to be a money-minded person? ›

Check out the full suite of activities below.
  1. Know yourself. discover your attitude to money. ...
  2. Spend wisely. identify needs, wants and spending leaks. ...
  3. Clarify your goal. set smart goals. ...
  4. Plan your spending. get started with budgeting. ...
  5. Bank Smart. ...
  6. Avoid dangerous debt. ...
  7. Watch out for credit cards. ...
  8. Plan for your future.

What is an example of a fixed money mindset? ›

Fixed money mindset: “There's never enough money to go around, so there's no point in me trying to save or earn more money.” Growth money mindset: “Other people might have more money than I do, but I can learn how to manage the money I do have and make it work for me.”

How to reach financial freedom 12 habits to get you there? ›

That is the ultimate goal of a long-term financial plan.
  1. Set Life Goals.
  2. Make a Monthly Budget.
  3. Pay off Credit Cards in Full.
  4. Create Automatic Savings.
  5. Start Investing Now.
  6. Watch Your Credit Score.
  7. Negotiate for Goods and Services.
  8. Stay Educated on Financial Issues.

What is the psychology behind overspending? ›

Overspending can happen for different reasons, such as: You might spend to make yourself feel better. Some people describe this as feeling like a temporary high. If you experience symptoms like mania or hypomania, you might spend more money or make impulsive financial decisions.

How do I stop being anxious about spending money? ›

Coping With Chrometophobia
  1. Try to show yourself some compassion as you deal with this fear. ...
  2. Remember that refusing to spend money may cost you more money in the long run. ...
  3. Use a budgeting app to help you manage your money and reduce how much you worry about overspending.
Jan 1, 2024

How do I stop spending stress? ›

5 tips to curb emotional spending
  1. Practice the 24-hour rule. To resist your brain's urge to buy, put some time between your impulse and actually purchasing something. ...
  2. Use cash whenever possible. ...
  3. Ask yourself tough questions. ...
  4. Find an accountability buddy. ...
  5. Think about your long-term goals.
Nov 27, 2023

Top Articles
Latest Posts
Article information

Author: Neely Ledner

Last Updated:

Views: 6151

Rating: 4.1 / 5 (42 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Neely Ledner

Birthday: 1998-06-09

Address: 443 Barrows Terrace, New Jodyberg, CO 57462-5329

Phone: +2433516856029

Job: Central Legal Facilitator

Hobby: Backpacking, Jogging, Magic, Driving, Macrame, Embroidery, Foraging

Introduction: My name is Neely Ledner, I am a bright, determined, beautiful, adventurous, adventurous, spotless, calm person who loves writing and wants to share my knowledge and understanding with you.