7 Day Plan : Money Mindset Reboot
Do you give a little anxious shudder when you think about money? Are you feeling a loss of confidence with added debt and cash flow problems? And the pandemic didn’t help, right?
You’re not alone.
No amount of digging will get you out of the hole if your head’s not right. So rather than wallow in the outcome, let us actively redevelop a positive mindset toward money in order to move beyond.
Simple. It’s your attitude and beliefs about money. This naughty duo control how you handle money and guide your financial decisions.
The good news is, your beliefs are only thoughts that you think over, and over again. Training your brain to think differently, and creating new thought habits around money, can be life-changing.
Be patient! It’s taken years to create the paradigms you already live by, and it will take time and practice to change them.
Here’s our 7-Day Guide to a Money Mindset Re-Boot.
An affirmation, or mantra, is just a sentence or two that you repeat over and over until it penetrates your thought patterns and you believe it to be true.
it’s not just in the speaking, it’s in the feeling. Place your hand on your heart and say a few words that resonate with you. Make it short and straightforward. Two simple rules, It needs to be about money, and it needs to be positive.
Examples of money affirmations:-
• Money flows easily and frequently to me.
• I’m worthy of great wealth, and now I welcome it.
• Money is not a pie that is eaten then gone. Money turns and there is enough in the world for everyone.
Maria Forleo has an affirmation she uses and recommends. Anytime she parts with money, whether paying a bill, making a donation, or spending money on herself, she says
“There’s always more where that came from.”
The words we say to ourselves are powerful, and affirmations are invaluable. Create your affirmation and then repeat, repeat, repeat. It may not always feel appropriate to speak it aloud, but hearing your own voice recite the words helps with the resonation.
Write a list of all the things you are grateful for. Include family, friends, work, health, and keep going.
Start broad and then become more specific.
If you are feeling negative about any aspect of your life (dealing with family over Christmas can be grueling), make a point of finding a positive aspect, and add it to your list.
Keep this list close, so you can read it during the 7-day plan. Even better, re-create the list daily.
Think of visualization as affirmations in images, rather than words. Whether you’re into the law of attraction or not, training your brain to think about scenarios that make you feel happy is majorly beneficial.
If you are partial to the law of attraction, allowing yourself to daydream and feel the joy of your vision is omitting a signal to the universe about what you want to attract.
Set five to ten minutes aside in a quiet, comfortable place.
Think about the one thing you want most. It might be a new car, oven, or designer outfit. It might be a visualization of you stamping bills with a big, fat, red PAID stamp. Use whatever topic makes you feel joy.
Persevere! If you’re not used to meditation, you’ll find your mind drifting back to its usual patterns of thought. Discipline your mind to stay in the abundant thought.
If you find the mental visualization difficult, creating a vision board to refer to is another great hack.
You may choose to create a digital vision board or print out images to create a physical display.
Jot down a list of all the things you aspire to have. Keep going until you have at least 20.
Find images, photos, or symbols for each of the 20 items If it’s not a physical product, create a symbol or photo to represent it.
Create a collage of your images. Use a program like Picmonkey to create a digital version (they have great collage templates), or go all out on decorating a pinboard, canvas, or cardboard wonder wall, to hang in your home as constant inspiration.
Don’t be afraid, this task is about SMALL goals to assist the money mindset process. Here’s an example of five small hacks that will have a positive impact on your bottom line, and therefore your money mindset.
Spending freeze for one day.
Pack your lunch to work, don’t stop at the cafe, cook dinner using up whatever is in the fridge. Avoid online shops, software updates, and other temptations. Don’t spend a cent for 24 hours.
Start Your Emergency Fund
Create a new sub-account with your band. Most banks allow you to do this from their online portal. If this feature is not available, take the time to open a new account, separate from all the daily comings and goings.
Set an automatic payment into your new emergency fund. It might be $5 a week if you’re strapped.
Decide on what amount is feasible and feels comfortable, set-and-forget!
Automate Bill Paying
In a perfect mindset world, paying bills would be little more than a mindless process, but if you’re feeling negative toward money going out, the process of paying bills can be arduous.
Setting up automatic payments might relieve some of the stress, and serve to release your mind from the bill-paying worry. Of course, you’ll receive an overdrawn warning if that’s the case, but when you do have enough coffers, the automation can be freeing.
It can also ensure your important outgoings (rent, electricity, registration), are paid early in the month or soon after payday. You can’t spend frivolously if the dosh has already been allocated to something meaningful.
Know What You Owe
When it comes to money, fear of the unknown can become debilitating. When you’re skint, facing the bills awaiting payment c
can be so worrying, you bury your head in another series of succession, rather than face your own financial reality. It’s rarely as bad as it seems. As humans, we are prone to imaging the worse (yep, there’s that poo-bum mindset again). List exactly what it is that you owe, face up to your ability to pay it, or find a solution to fill in the gap.
Challenge the Costs
Get in the habit of challenging your regular expenses. Is there a way to reduce your rent, transport costs, or even food bill? Are you paying too much for your insurance? Are you paying for phone apps that you no longer use? Could you be on a more economical phone plan? Work through your monthly outgoings and look for opportunities to decrease your spending.
Then, after the boost in confidence, when you achieve that goal, set a bigger goal. Little by little, you will be accomplishing great things, and your financial life will start to change.
Once you reach your mini-goal, find a way to reward yourself. Maybe you get a massage or you spend a lazy Saturday in bed. The key is to make the reward have meaning to you.
Today we look at tools you can use to encourage a positive money mindset. It might be a book, course, or phone app, but investigate resources available, and take-on a tool or teaching to support your endeavours. Here’s our list of recommended resources:-
Based on The Secret and the Law of Attraction, this app is a personal development program of daily activities.
Marie is an American entrepreneur and New York Times bestselling author. She releases courses and programs, a youtube and podcast series, and free content around the topic of money mindset. The link above will take you to a series of free videos on the subject.
This book by Jen Sincero is a funny, fascinating and practical book about how powerful our thoughts are and how our bank accounts are mirrors for our beliefs about money.
Podcaster, Candice Young, teaching you how to destress, declutter, and ditch your old wealth strategies while embracing that regardless of where you’re at financially you can create the habits now that will last longer than just a “rich girl summer.”
Created by Mindifi this audio hypnosis program aims to transform lives with guided meditation and hypnotherapy.
Giving sends off all sorts of endorphins and generally makes us feel worthwhile, but it does even more for a troubled money mindset. It helps to pivot your thinking from scarcity to abundance.
When you are feeling concerned over a lack of funds, find a way to give some away. It may seem counterintuitive, but you are reinforcing the truth that there is enough money to go around. Start a journal of all the ways you give to others. It might be via charitable donations, tips, gifts, or just shouting your pal a beer. Not only will the lest help you to appreciate the gift of giving, but it will encourage you to give and make entries on your list.
If you already support a charity, give them an additional donation, or add a little extra to your plan. If you don’t search for a charity that resonates with you, sign-up and make your first donation.
In this largely cash-less society, ensure you keep some coins or notes in your purse or wallet, so you can give to the homeless when you are presented with the opportunity.
We’ve all started courses and programs with good intentions, only to fall off the momentum wagon.
Today is for contemplating the last six days to discover what (here’s that word again) resonated with you.
Consider which of these exercises or resources were most inspiring. Decide how much time, and when, you are going to spend on managing your money mindset. Create an easily achievable, daily plan for yourself.
Decide on a small reward you can treat yourself – if you complete a week of your new money mindset program. It might be a long soak in the bath, a pedicure, or just a beer and some quiet time in your backyard.
nobody said it was easy
No-one (and certainly not us) said it was going to be easy. Fixing your money mindset is a lot of self-work. This 7 Day plan is designed to provide you with ideas and tools to enable you to create your own program. With discipline and practice, you will see your life change before your eyes.
By Anthea Palmer
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