We focus a lot on the logistics of tackling our money goals. How much debt, how much saved, what’s the game plan to tackle this as fast as possible?
But, there is one step that seems to be overlooked and it is arguably the most important step to make long term changes.
We can fuss about the plan and the numbers all day long, but if we have the same money mindset and habits, those won’t really matter.
Initial Money Mindset
A lot of people that are working towards financial freedom start with similar mindsets around money. They most likely feel like they have no control over their money and don’t know how to make it work for them.
They usually fall into the cheap mindset because they are in a never ending cycle of scarcity. You don’t have the tools you need to help yourself out of this mindset.
You are constantly thinking about what you can’t do or can’t afford because you don’t think you have the money to.
Usually, you are only thinking about day to day, week to week, month to month. You don’t have any long term money goals because your money has the power currently.
An example of this is being anxious about making it to pay day because you don’t know if you will have enough money to get you there.
Money Mindset Change
As you begin and move through your journey to financial freedom it’s important to do the work. Don’t try to skip steps by taking short cuts.
Sit down and track your transactions, make your budget (get my free templates by subscribing to my newsletter) and see where your money is going each month. If you try to skip doing the work, you’re not changing your habits and you’re not gaining the power over your money.
Take control of your finances and tell your money where you want it to go by using a budget. Once you have this power, you start thinking about money differently.
You no longer think, “I can’t afford this,” but, “How can I afford this?” You have control over your money and you tell it where to go.
You’ll notice that you no longer think about pay day as much because you know where your money is, where your money is going, and where it will go once pay day arrives. The anxiety around money has been lifted.
An Abundance Money Mindset
Once you have moved to an abundance mindset, you will find that you feel complete control over your money. Money turns into a tool, instead of something that causes fear, stress, and anxiety.
Taking the time to work through the hard parts is so important to changing your own money mindset. Without changing your habits and your mindset, you will be stuck in the same place you always were.