Change your attitude towards money and watch your wealth grow.
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November 23, 2020 4 min read
The opinions expressed by the entrepreneur’s contributors are their own.
Let’s face it – money can be scary, especially when you’re short on money. Even worse? Money-related stress can destroy our lives – it is the number one cause of stress for most Americans according to the American Psychological Association – which is why it is important to take proactive steps to manage your relationship with money.
Whether you are having financial problems or just hoping to improve your relationship with money, here are some tips to help you manage your money-related fears:
Stop seeing money as good or bad
Most fears about money are based on pre-existing beliefs, and many of us think money is good or bad. Instead, think of this as a neutral resource.
Remember, money is a tool. Recognize your current beliefs and leave meaning behind to change your reactions, feelings, and fears. This will help you transform your entire relationship with money by making it a lot less personal.
After all, money only means what you think it means.
Develop a “circulation” mentality towards money
Mindset is key, especially when it comes to money. If your mindset is focused on scarcity rather than luxury, you will always live on less than you deserve.
When I was starting my business, I bought a one-way ticket to Bali with $ 800 and a laptop. All I earned after that was the result of choosing belief over fear. I didn’t always know how the money was going to come, but I always knew it was going to come.
Resist the urge to think of money as a finite resource. Look at all the money in the world and notice how it behaves. Money is currency and behaves like a current. It flows from person to person, from place to place, and the money you spend will come back to you. Trust and believe that it will – change your mindset from can to can – and the “how” will follow.
Related: 6 Easy Steps To Make Connections That Make Money And Create Happiness
Have a daily date with your money
Set aside five minutes of your day checking your bank account, paying more attention to your spending habits, and reminding yourself that you care (and control) your money.
We take care of the things that are important to us, and they grow in turn. Same goes for money. By reviewing your finances daily instead of when a potential crisis arises, you will reduce your fear of money and it will become part of your normal routine rather than something to avoid or fear.
Remember, no matter what, you will be fine
Money doesn’t make you okay, you make yourself okay
Don’t let money be associated with happiness because it doesn’t deserve this control over you. Believe in yourself and your own strength and let this serve as the basis for your own growth.
Related: Achieving Personal Wealth – Is It All About Money and Happiness?
Experts suggest that self-confidence – not a certain amount of dollars in the bank – is one of the foundations of success. And people with higher levels of self-confidence experience less stress and anxiety, increased resilience, improved motivation, and other benefits.
Treat money and finance as a learnable skill
We don’t always learn personal finance, but that doesn’t mean you can’t learn it on your own. It’s never too late to take action, and the effort is paying off.
Related: 5 Mindset Shifts You Must Make To Be A Million Dollar Entrepreneur
Money is not a mystical force. No matter what your financial situation is now, step into your power and remember that money is something that you control – not the other way around.
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