Day 1 : The money mindset and why it’s so important

This course is all about the money mindset. This is the term we use to talk about your attitude toward and outlook on money. Your money mindset encompasses how you feel about money, what your beliefs are about it, and what decisions you make when it comes to money – in other words, your money mentality.

The money mentality starts developing very early in life. Experiences and atmospheres from the first few years of life form our mindset and leave a lasting impression on us. And just like every belief we picked up from childhood, we can also work on and change our beliefs about money. Why should you change your money mindset? To align it with the way you want to live.

There are two extremes for describing the mentality that people can have when it comes to money: the abundance mindset and the deficit mindset.

The abundance mindset

This mentality is characterized by the thought that money is a powerful, positive tool that aids you in attaining security and freedom. More money means more possibilities and leads to the beautiful feeling of being in sync with money. Gratitude and happiness accompany this feeling, as you always have faith that there is more money than you will ever need. Other characteristics include the belief that there is prosperity and wealth for all and that the wealth of others doesn’t prevent you from being wealthy. People who have this attitude of abundance are ready to invest in themselves. And they are thankful – they’re thankful for what they’ve already achieved. Gratitude is a powerful tool in life in many ways, as it puts things in perspective, which brings you peace. When it comes to money, that means focusing on what you’ve already accomplished.

The deficit mindset

If instead a feeling of deficit reigns when it comes to money, you simply feel like there’s never enough. The deficit steals the focus of your attention, even when you actually have enough money, strange as that may be. Characteristics of a financial deficit mindset include the belief that people have to be lucky to be rich – and that you are not one of these people. You feel as if you have no control over your money. Whenever money gets tight, it stresses you out tremendously. This experience backs up your feelings that money is not a good thing and that you’d prefer to have as little to do with it as possible. Maybe you find it disgraceful to have too much money. Maybe you find it uncomfortable to charge (a lot of) money for your services.

You probably recognize some of these characteristics in yourself. It’s important to understand that everyone has been conditioned extensively when it comes to money – by their parents, family members, society, their circle of friends, etc. This conditioning affects many areas of our lives without us even realizing it. Many decisions you make in life are automatic. You “just do it” without questioning where the driving force came from. Your subconscious is pulling the strings in the background. Put simply, it works like this:

Ø Your thoughts lead to your feelings,

Ø your feelings lead to your actions, and

Ø your actions lead to results.

So if you’re not happy with your financial situation, deal with your thoughts first. What do you actually think about money? And are these thoughts beneficial or not?

That’s what this course is about. When you understand your money mindset and know where your thoughts and feelings about money come from, then you can change it – and that in turn will have an effect on the money in your life.