Why Your Mindset Towards Money Matters

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Would you believe me if I told you that a simple thought can make the difference of becoming successful, financially speaking? If not, let me share with you why your thoughts (mindset) have a greater impact on your actions and future than you might realize.

To simply explain the importance of your mindset towards money, I am going to share a relevant quote to help me do so.

There is a famous quote by Lau Tzu, and it pretty much says that your thoughts turn into your words, your words turn into your actions, your actions turn into your habits, your habits turn into your character and your character turns into your destiny.

Okay, lets start from the beginning. Your thoughts, AKA your mindset, turns into your words. How would a simple thought change your financial situation? Well let’s assume you thought something along the lines of, “I have never been good with money.” That type of thought, could lead you to admit it, which then in turn influence your actions the next time you are out shopping. Then, at the checkout stand, you simply repeat to yourself, “well, I am just not good with money”. This is the self-serving prophesy in action, a negative loophole that does not serve you in anyway.

self-fulfilling prophecy - Dictionary.com
The Self Serving Prophesy.

Let’s change the thought. Let’s say you thought to yourself, “I am getting better with money every day”. Soon enough, your actions follow your words and you start saving your money because you believe that you are getting better with your money.

Even if you do not have a positive mindset towards money right now, you can absolutely change it.

You can choose to keep a negative mindset, or you can choose to think positive, helpful thoughts.

We underestimate the power of our thoughts. Think about it. Every New Year, we think to ourselves the goals that we have in mind. Then we say them aloud to those that are close to us. Then if you TRULY believe the thoughts you have about those goals, you will then do the action. Your action will follow the goal because that is the next natural step. Reaching those New Year resolution goals won’t happen unless you took the time to think about them in the first place. Similarly, reaching your financial goals won’t happen unless you took the time to think about them. Think. Speak. Act. Build Habit. Build Character. Equals Destiny.

My suggestion to you is to first observe your thoughts over the next few weeks. Take notes of the types of things you think about when it comes to money, because your thoughts about money are a reflection of your mindset towards money. Don’t let negative thoughts hold you back from achieving your best financial future. And if you have a positive mindset towards money, keep fostering it and don’t look back.

I hope by now you know how important your thoughts (mindset) are when it comes to money. You can do anything that you put your mind towards. Start with your thoughts. Talk about your thoughts. Follow through and keep making progress. Your future depends on your present thoughts. Make them count.

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Published by Dana Johnson

Hi, my name is Dana and I help teach the value of budgeting & saving early on in life so you can achieve your financial goals.

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