5 Ways to Overcome Your Money Mindset Forever | FamLee of Four (2024)

Achieving financial success in your life doesn’t only consist of saving, investing, eliminating debt, and earning. But it also strongly ties to the mindset you have around money.

If you hold the mindset that money is hard to attain. Or it’s extremely difficult to increase your social status. Then you’re absolutely right. It will not happen because YOU don’t believe it will. Sounds like fluff?

Now, there’s even more evidence to support what we already know. And guess what? It’s true!

It all comes down to what you believe. Personally, I used it to get 2 raises in just 6 months, adding up to a 10K.

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Understand The Energy of Money.

5 Ways to Overcome Your Money Mindset Forever | FamLee of Four (1)

MONEY IS ENERGY

Yes, money has a physical form, but honestly, our generation doesn’t touch it..thanks to debit cards.

It’s a tool to get what we want, and IT’S NEVER the end all. Just a means to an end.

There was a quote from Lisa Nichols that I’m about to paraphrase.

“Its obvious money is energy based on how it makes you feel. You experience a different emotional feeling when you have money vs. not having enough money.”

Lisa Nichols

Connect with the Energy of Money

5 Ways to Overcome Your Money Mindset Forever | FamLee of Four (2)

Let’s try an imaginative exercise.

Imagine you sign into your bank account. Put in the username and password. Go to your checking account to check your balance because the bills are due.

Then you open the account, and there’s an extra 4 ,000 in your account.

Do you feel that? Yes, the first thing you will do is see if you’re in the right account. Then, you will try to figure out what happened. It’s marked as a donation.

How does it feel? Really, tell me. It feels amazing because money affects our mood.

Next scenario, you go to the bank teller to withdraw 100 dollars for groceries. However, the teller tells you that you owe 700 dollars to the bank. There has been an overdraft on the account. It hits you in the pit of your stomach. Why?

It’s not about the money per se. In each situation, you never touched the money but felt the impact. It represents the change in your energy. As we know, not having money can place limitations on your life.

It’s more important to identify why you need money. So can manifest more with ease and confidence.

Money Mindset and Relationship

5 Ways to Overcome Your Money Mindset Forever | FamLee of Four (3)

The easiest way to make more is to start directing your energy from a dollar amount to an energetic feeling.

Questions to ask yourself. Why do you want to make more money? The responses are much deeper than what you think. What is your reason?

  • Security- home, car, food, love
  • Access- Vacation, healthy food,
  • Power- feeling empowered
  • Eliminate barriers- better healthcare
  • Balance- if you make more, than you can work less
  • Others- helping family, friends or less fortunate ( to make an impact)

Let’s break this down even further.

5 Ways to Overcome Your Money Mindset Forever

1. Identify what you want

If Money is energy and it’s a tool. Where is it that you need this tool to take you? What do you want to do with more?

Remove the idea that money is powerful and it affects your life. Instead, understand you have power over how you want the tool to be attracted to you.

2. Mind your Money Story

If there is nothing else you can learn on this page, it’s this. Be very mindful of the stories you have about money and change them from negative to positive.

There are tons of money blocks and wounds when it comes to money. The truth is they’re thoughts and beliefs from either you or others (friends, society, parents).

But regardless, choosing to keep the same story is up to you.

We know people have all sorts of mixed emotions about money. And it’s your job to create your own belief system that is aligned with positivity and expansion.

Start by swapping out those negative thoughts with positive affirmations or rewire your beliefs one at a time.

  • I’ll never become rich because I have 3 kids to… “ I will be rich because the universe will bless me for having 3 kids.
  • I come from a family where working hard for money is the only way to make money to… My purpose in being born into this family is to break the generational money gap.
  • Making money is easy for those who have money… Money loves to find new people to find.

Be aware of trailing words in your mind.

Follow this Exercise.

Say out loud.

“my net worth by the age 50 will be 1.1 million”.?

“I will get a raise for 10,000 this year.”

“My yearly income will become my monthly income in the next 4 years”.

What are the trailing thoughts in your head?

The thoughts in your head involve laughter, yeah right, I wish, really, it would be possible if or other limiting thoughts. Remove them and replace them with positive affirmations. Build belief and confidence in your worth.

I had limited belief, too. I also needed to detach myself from the poverty mindset. It took shadow work, but it was well worth it.

3. Manage Your Financial Vibration

You should be familiar with your bank account flow and not be afraid to be fully aware of how much is coming in and out.

Choose the section that resonates with you the most, like budgeting, managing debt, saving for retirement, investing and more. Selecting one will help you build an energetic relationship with money.

If you want to create more, do it with intention and do it well. Say you make 1600 a month, and your total bills are greater or equal to what you earn, then good luck with ever-increasing your worth. Great, keep it up. You are creating an energetic surplus, so you vibrationally attract more with ease.

Easy way to keep an eye on your finances app such as mint here.

4. Invest in Yourself

I know you probably hear this all the time. But it’s true.

The moment you start investing in your money, education, personal development, and spiritual growth, you will see a return.

If you want the Universe/God to give to you, then you must first start giving to yourself.

Don’t wait for future dates to pursue your goals. Start investing in your present! Instead of waiting until I was out of college debt, I took a risk and started a blog. And you know what? It actually helped me reduce my debt much faster. In this case, the benefit outweighs the risk!

5. Stay Financially Abrest

Thinking you know everything and don’t need help? Don’t be that person! Instead, embrace the opportunity to learn from others who have achieved success or even faced setbacks. You never know who might offer you valuable insights and wisdom.

Read a book, watch YouTube, Listen to podcasts, read blogs, join a group, or get a mentor.

BooksI recommend reading The Millionaire Next Door, Dave Ramsey, Tony Robbins, and Suze Orman for financial understanding.
I love Ancestral Trauma and the Deep Roots of Money Blocks for removing generational blocks. Try the Amazon Audiobook collection to listen to your books while driving, washing the kids, or cleaning the house.

GroupsI used to be part of this awesome women’s wealth and management group for a few years. We’d meet up every week, and let me tell you, the group was full of incredibly skilled ladies. We had millionaires, investors, landlords, business owners, and even beginners. Seriously, they were the most empowering bunch of women I’ve ever met.

You can also join virtual groups on Facebook, Clubhouse, or Meetup.

Course: I absolutely adore MindValley Academy! It provides a wide range of courses that can transform your financial abundance and help you eliminate money blocks to spiritual development.

Conclusion: Overcome Your Money Mindset

Getting past your money mindset may sound simple in theory, but expanding requires effort and dedication. I’ve learned that belief, your relationship, and your awareness of money can help you manifest more easily.

5 Ways to Overcome Your Money Mindset Forever | FamLee of Four (2024)

FAQs

How do you overcome money mindset? ›

How to shift your mindset about money
  1. Remind yourself that you're in control. ...
  2. Be willing to do the work. ...
  3. Acknowledge incremental progress. ...
  4. Commit to being successful. ...
  5. Express gratitude. ...
  6. Cut off negative self-talk before it spirals. ...
  7. Keep moving forward. ...
  8. Adopt an abundance mindset.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How do you unblock your money? ›

Here are 5 ways to unlock financial freedom:
  1. Shift your energy. ...
  2. Pay your bills in gratitude. ...
  3. Decide that making money is easy. ...
  4. Get really clear on how much you want and the life you want to live and be proud of those desires. ...
  5. Believe that you are good with money.
Jan 17, 2024

What is your mindset when it comes to money? ›

What is a “money mindset”? Your money mindset defines how you think about money and influences how you save, how you spend, and how you manage your debt. It's your core beliefs about money and your attitude towards it.

Is $4000 a good savings? ›

Are you approaching 30? How much money do you have saved? According to CNN Money, someone between the ages of 25 and 30, who makes around $40,000 a year, should have at least $4,000 saved.

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.

What is the 20 savings rule? ›

Budget 20% for savings

In the 50/30/20 rule, the remaining 20% of your after-tax income should go toward your savings, which is used for heftier long-term goals. You can save for things you want or need, and you might use more than one savings account. Examples of savings goals include: Vacation.

What is money blocker? ›

A money block is a belief that causes you to act in a way that blocks abundance. A limiting money belief is a belief that causes you to act in a way that limits your ability to have money. In other words, blocks are limiting beliefs and limiting beliefs are blocks.

What blocks the flow of money? ›

A money block is a series of thoughts, a mindset, or a feeling that gets in the way of you accomplishing financial success. It could be getting out of debt, saving a ton of money, increasing your income streams, or affording the lifestyle of your dreams.

What is blocking me from money? ›

So, overspending, believing that you can never be rich, feeling poor all the time despite having money, thinking or believing that rich people are greedy or evil, avoiding your finances, and not tracking your expenses are all examples of money blocks.

How do I change my life financially? ›

These 8 simple steps can help better your finances in less than a...
  1. Start an emergency fund. Time to open a savings account: 15 minutes. ...
  2. Use a budgeting app. ...
  3. Check your credit score. ...
  4. Set goals. ...
  5. Automate your savings. ...
  6. Contribute to your retirement account. ...
  7. Start using your credit card like a debit card. ...
  8. Begin investing.

What is a poor money mindset? ›

A poor mindset is a limited perspective on wealth and a belief that your situation is unchangeable. People with a poor mindset often live paycheck to paycheck and struggle to make ends meet. They may lack financial literacy and have a negative relationship with money.

How to get a millionaire mindset? ›

How To Develop a Millionaire Mindset and Get Rich
  1. Cultivate a Growth Mindset. ...
  2. Set Clear Goals. ...
  3. Invest in Education. ...
  4. Embrace Calculated Risks. ...
  5. Develop Multiple Income Streams. ...
  6. Live Below Your Means. ...
  7. Network With Like-minded Individuals. ...
  8. Stay Positive and Persistent.
Oct 6, 2023

What is a 50/30/20 budget example? ›

Applying the 50/30/20 rule would give them a monthly budget of: 50% for mandatory expenses = $2,500. 20% to savings and debt repayment = $1,000. 30% for wants and discretionary spending = $1,500.

Is the 50 30 20 rule outdated? ›

However, the key difference is it moves 10% from the "savings" bucket to the "needs" bucket. "People may be unable to use the 50/30/20 budget right now because their needs are more than 50% of their income," Kendall Meade, a certified financial planner at SoFi, said in an email.

What is the disadvantage of the 50 30 20 rule? ›

It may not work for everyone. Depending on your income and expenses, the 50/30/20 rule may not be realistic for your individual financial situation. You may need to allocate a higher percentage to necessities or a lower percentage to wants in order to make ends meet. It doesn't account for irregular expenses.

When should you not use the 50 30 20 rule? ›

The 50/30/20 has worked for some people — especially in past years when the cost of living was lower — but it's especially unfeasible for low-income Americans and people who live in expensive cities like San Francisco or New York. There, it's next to impossible to find a rent or mortgage at half your take-home salary.

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