Changing your relationship with money is so important if you consider yourself to be somebody who is ‘no good with money’, ‘broke’, or something along those lines. Your relationship with money can play a huge role in how much of it you have. You might think that you’re ‘broke’ due to outside circumstances, but this is often not the case.
Below are some proven ways you can change your relationship with money, and hopefully, your financial situation.
Start Assessing Your Beliefs
Start off by assessing your beliefs around money. Many people have beliefs along the following lines:
- Money is hard to come by
- It’s greedy to want money
- Money is the route of all evil
- Money doesn’t matter
- It’s only money
The truth is, your beliefs play a huge part in how much money you have, because you’re beliefs also influence your actions. Simply put, if you believe money is hard to come by, then it will be – for you. If you believe that it’s greedy to want money, it doesn’t matter how hard you try to get some, you will repel it. Now is the time to start assessing what you believe and questioning whether those things are really true.
What Stories Do You Tell Yourself?
Just as we discussed above, your beliefs and the stories you tell yourself will shape your life. If you’re telling yourself the same story consistently enough, it is going to be true for you and shape your life. If you say things like:
- I’m always broke
- I’m not the kind of person who has money
- I’m no good with money
- I will never have enough money
You are creating self fulfilling prophecies. You must work on changing the stories you tell yourself and realize that they are just that; stories.
Start Assessing Your Spending Habits
Now you need to take a look at your spending habits. Usually, people in a poverty mindset spend for short term satisfaction, while people in a wealth/abundance mindset think of their future more readily. This means those in an abundance mindset often take steps that secure their financial health, like investing. Make sure you begin treating your money with the respect it deserves, and avoid living from pay check to pay check. Pay more attention; track your spending, and use a currency converter when making international payments or overseas payments. You can’t simply ignore everything and hope it sorts itself out.
Read Books To Help You Get Into The Right Mindset
There are plenty of books that can help you to get into the right mindset. Some may resonate with you, others may not. Pick up a couple and see what you think. These books often help to change lives!
Come Up With A Better Plan For Your Finances
Start coming up with goals, and a better financial plan for your money. Do you want to own a house, or even buy a car? Having a plan and corresponding goals will do you the world of good.
Work On Your Relationship With Money Consistently
Repairing your relationship with money is an ongoing thing. Be consistent and you will see results!