Here’s my advice for those of you who need a shift in your money mindset.

Lately, I’ve been having a recurring thought (I call them my “God whispers”): “Lesa, people want help with money, and you can help them.” So today let’s talk about money. Do you ever wonder what makes one person successful with money and another not so much? The answer: It’s simply their money mindset.

Your money mindset is your unique thoughts about money. You’ve practiced these thoughts so much that they’ve become your beliefs. Your money mindset shapes what you believe you can and cannot do with money, how much money you believe you’re allowed, entitled, able to earn, how much you can and should spend, the way you utilize debt, your ability to save, your ability to invest with confidence, and how much money you give away. Many of our core beliefs about money are formed in early childhood by observing and internalizing the money messages we learned from our parents and family. 

If you were in my household growing up, you would’ve heard, “Money doesn’t grow on trees,” “You have to work hard to make good money,” and “Always save for a rainy day!” If we dissect these thoughts, “money doesn’t grow on trees” can lead to a scarcity mentality. Believing that you always have to work hard for money insinuates that you always have to be grinding to create an abundance of money. That last thought about saving is beneficial. It is a great idea to have savings.

Your current environment plays a role in shaping your money mindset as well. Research shows that we’re more affected by our environments than we think. If you’re surrounded by people with a broken mindset, it’s easy for their habits to rub off on you.

Now, don’t get me wrong: I’m not saying we should wallow in blaming our parents for our childhood or kick all of our broke-minded friends to the curb! The people around you matter, and every single day you have the power to make decisions that will move you forward financially or set you back. It’s totally up to you.

“Your current environment plays a role in shaping your money mindset.”

Need a shift in your current money mindset? Here are three quick tips:

1. Build your knowledge bank. Read/listen to books that will influence your mind. A couple of good ones are: Dave Ramsey’s “Total Money Makeover” and Arian Simone’s “The Fearless Money Mindset: Broke Doesn’t Scare Me.”

2. Start a Fun Fund. Releasing a scarcity mentality is something you get to work on, so you might as well make it enjoyable. This can be a checking account, an envelope, or a money jar that’s specifically earmarked for fun, things that you’d otherwise say you can’t afford. It could be as simple as a dinner out, a trip to the movies, a new outfit, etc. This is simply a way to enjoy the fruits of your labor.

3. Give money away. Anytime you’re feeling bad about money, give some away. Donate to a cause you believe in, or treat your friends or family to coffee. This doesn’t have to be a huge amount. The point is just to adjust your thinking from scarcity to abundance. When you’re generous, you’re reinforcing the truth that there’s plenty to go around; there’s always more where that came from.

Here’s a bonus tip for you: Decide to be financially successful and believe it’s possible for you, because it is! 

These are just a few ideas. I have lots more that I share with my clients. 

If you’re tired of struggling with money woes or just want some guidance in improving your financial situation, reach out to me. As a certified Financial and Life Coach, I’m here to help! Go to my website to book your complimentary consultation. If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you.