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Shifting your mindset

  • The easiest way to reframe your mindset is to switch how you think about it. Instead of thinking about what your loan couldn't do for you, consider how you benefited from it. Maybe you met good friends, or you had valuable experiences.
  • Investigate your ideas, thoughts, and feelings about money. Ask why you want to be rich? What does money mean to you?

We all can have a rich life, but everyone's definition of rich is different. Money could be one part. What else would it include?

67

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Feelings and debt

Your feelings do not correspond with your debt. You may think you will be happy if you pay off your debt, but you will always have something else to worry about. This just means that your emotions don't give an accurate picture of your financial situation.

You may b...

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Understanding money can be fun

  • Know that emotions about money are okay. Use your feelings to understand your values, your needs, your wants.
  • Educate yourself about money. Know what compound interest, investments, etc. mean.
  • Money can inspire and motivate you.

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The psychology behind our relationship with money

The psychology behind our relationship with money

Anything important in our lives is emotional. Our relationships are emotional. So our money is emotional.

The problem is when we think money is all about math. We think questions like, "Should I buy a house?, or "Should I negotiate a higher salary?" is purely mathematical.

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Negative emotions about money

It is normal to feel negative about money. For example, you may be paying off a college loan and feel anxious and guilty when thinking about your debt.

You may fixate on all the feelings around the terms of a loan, the interest on the loan, how much money you have to make a payment, the...

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sarahmoren

Jewellery designer

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Shifting your mindset

Finding the courage to speak up is critical to your success and your team's success, as collective decisions are driven by the diversity of your experiences and expertise. To be more productive in your next virtual meetings, shift your mindset from:

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Your point-of-view

Your point-of-view

Your point-of-view about money can be skewed. Thoughts can include:

  • You have to spend money to make money.
  • You need to make money to be rich.
  • Being friends with rich people will make you rich too.
  • The goal is to have it all.

Mindset

Mindset

I’m a strong believer in the fact that success and happiness are all about mindset. Your mindset and belief system affect everything in your life, from what you think and feel to how you act and react to the world around you.

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