Top 2 Ways Your Money Mindset Is Stopping Your Dreams (2024)

I used to have issues with my money mindset. I worked with my parents in their trucking business, and made only $24,000 a year. During that time, my mind often held me back from taking control of my life. I felt empty and craved a life that was not my own, so I regularly took trips with my girlfriends to various places just to bring some thrill to the days.

But, then my life changed. Instead of craving a different life, I became aware of the fact that I would never ever get it, unless I began to make some changes. You see, my mom has always been an investor of sorts.

She has bought and held several properties for investing, but she always did it with cash in hand. There were many times I remember when she received her “mailbox money,” as her renters would send in their monthly rent.

“I want mailbox money, too!” I thought.

And, it was then that I began to make different choices about my future. And it changed my life in more ways than I can count.

The last few years have been quite an experience. Not only do I now own several properties with renters, but I also teach other women how to do what I’ve done. It’s the dream, but it didn’t start out this way.

While I had the desire to change my life, I had no idea what I was doing. And, there were two constant struggles I had to learn to navigate along the way.

I have learned, while teaching and training my ladies, that we are very much the same. The struggles I have had to navigate are the same ones they do, too. In fact, these struggles are pretty much the same for all of us, for anything we want to do.

But, we’re talking about our money mindset, and unblocking ourselves from moving forward in our dreams. Here are the top 2 ways your mind is stopping your dreams.

FEAR

Whenever we want to make some big change, the dark little weight of fear will usually come to greet us. It might be fear of failure, fear of success, fear of the unknown, all of the above, or another fear. Fear has a way of stopping us right in our tracks. It puts the brakes on before we even turn on the engine.

But, here’s the thing about fear: it is destroyed best through taking action. This is why courage is what it is. Without fear, you cannot have courage, because then you’re just confident.

But, courage, on the other hand, must go along with fear.

Yes, you might feel like you have no idea what you are doing. And, yes, this might be scary. Do it anyway. Get up and get moving and take that massive action that is needed. Even tiny baby steps of forward movement count. Forward movement, even in small amounts, is better than no movement at all.

When it comes to making money, and lots of it, you are going to have to do some things that will be new and uncomfortable for you. While fear might feel yuck and gross, it is actually something to embrace and accept. It is part of the process towards success.

Don’t wait until you are fearless to take action. Become fearless by taking action in the face of fear!

PERFECTIONISM

The second way that your money mindset stops your dreams is when perfectionism is in charge. Perfectionism is what leads many of us to get stopped by analysis paralysis. We become students of study, rather than action.

It is the thought that you have to do it right and not make mistakes (which is just another way of extending fear to the fear of making mistakes). It blocks a healthy money mindset because it rejects one of the most critical elements of success that exists: failure through mistakes.

Thomas Edison did not invent the lightbulb on his first try. On and on it goes that we see the necessity of failure in order to achieve success. Failing forward is the goal, not living without mistakes and failures.

Let me tell you something: you learn more through your failures than you ever will with success.

It might suck for a while, but in the end it will be a great teacher, if you let it be.

You gotta get rid of perfectionism and accept that you ain’t going to do this perfectly, and that’s okay. It is likely that you’re going to stumble and trip through the whole thing, but that’s perfectly fine! Just make the decision to not give up in that process.

Keep taking steps forward. Decide now to learn from every failure and mistake that you make along the way.

Get a Money Mindset Makeover

I am so thrilled to say that just this month I am releasing my first ever Mindset course. I love to help other women just like me to learn to become savvy real estate investors. But, I also want to make sure that the pesky mental games we play get addressed, too.

Time and time again, I hear my ladies struggling with these same things. So, I decided it was time to put everything together into one place. And, now it’s available for you.

The brand new Money Mindset course will take you through one step at a time the ins and outs of your mental journey to unblock your mind so your dreams can be achieved. You’ll be connected with a community of other like-minded ladies who are serious about addressing their inner world so they can dominate in the outer one. If you’re ready to find out more, check it out here.

Manage Your Money Mindset and Achieve Your Dreams

Fear and perfectionism are loud and annoying struggles we all have. You are able to face them and shut them down. Make the decision right now that you aren’t going to let them get in the way of your dreams. Instead, decide that you are going to take action, even in small steps, and embrace your failures and mistakes as they come. And, girl, I can’t WAIT to hear all about what you accomplish! You got this.

What is your biggest block from achieving your dreams? Comment below to share.

Top 2 Ways Your Money Mindset Is Stopping Your Dreams (2024)

FAQs

What is your mindset about money? ›

Your money mindset is your unique set of beliefs and your attitude about money. It drives the decisions you make about saving, spending and handling money. People who have a healthy money mindset believe things like: I have the freedom to spend, but I can also tell myself no to a purchase.

How do you overcome money mindset? ›

Below, you'll find a few tips to help you create a positive money mindset.
  1. Forgive Your Past Financial Mistakes. ...
  2. Understand Your Thoughts and Emotions Surrounding Money. ...
  3. Realize That Comparing Yourself to Others is a Losing Game. ...
  4. Work on Forming Good Habits. ...
  5. Create a Budget That Brings You Joy. ...
  6. Remember to be Thankful.

What are the benefits of having a money mindset? ›

Money Mindset
  • Form better financial habits. ...
  • Make more confident decisions. ...
  • Boost financial knowledge. ...
  • No extra costs or admin.

How to develop a money mindset in Tony Robbins? ›

How do I become a master of money?
  1. Understand that 80% of wealth is psychology.
  2. Work on your self-discipline.
  3. Become financially literate.
  4. Set goals.
  5. Get the tools you need.
  6. Use the law of attraction.
  7. Be the creator of your own life.

What is a bad money mindset? ›

Characteristics of a bad money mindset

If you have a positive money mindset, you are more likely to be decisive and take the steps that you need to take to succeed. On the other hand, negativity breeds emotions that prevent action: Fear or intimidation. Defeatism. Procrastination.

What are the challenges of money mindset? ›

Some people have a fear of money, often stemming from deep-rooted beliefs that money is the 'root of all evil' or that having wealth will change them negatively. This mindset can lead to self-sabotage, missed financial opportunities, and difficulties in building wealth.

How do I stop thinking about money? ›

How to stop worrying about money and start living
  1. Get grounded: Practice relaxing breathing exercises and meditation. ...
  2. Create financial goals: Set clear, achievable objectives. ...
  3. Make a budget: Track finances and control spending. ...
  4. Schedule money check-ins: Regularly review your financial situation.
Mar 12, 2024

How to change poor mindset to rich mindset? ›

Here are 10 habits of “millionaire thinking” for you to try out:
  1. Focus on your goals. ...
  2. Get comfortable with always learning. ...
  3. Put yourself out there. ...
  4. Be patient. ...
  5. Accept mistakes as they come. ...
  6. Don't forget about sleep. ...
  7. Keep growth in mind. ...
  8. Stop making excuses for yourself.

What is money mindedness? ›

Meaning of money-minded in English

interested in money and good at getting or saving it: I've never been very money-minded - I leave all my business affairs to my financial adviser. Rich and wealthy. advantaged. affluence.

How is wealth a mindset? ›

Developing a wealth mindset is about changing your perspective on money and success. Regardless of what is in your bank account, having a positive attitude can help you achieve greater financial prosperity. A positive outlook can also keep you open-minded, focused, and ready to conquer your wealth goals.

How to change your mindset? ›

How to Change Your Mindset: 5 Ways to Improve Mindset
  1. Embrace change. Changing your mindset may mean making new friends, leaving a job, or moving to a new area. ...
  2. Set goals. ...
  3. Surround yourself with positive people. ...
  4. Take walks. ...
  5. Talk out your feelings.
Dec 2, 2022

How do I know my money mindset? ›

To help you determine whether you have a positive or negative money mindset, answer the questions below as either True or False:
  1. I am fearful of my finances and feel anxious just thinking about it.
  2. I don't feel in control of my money.
  3. I feel pessimistic about my financial future.

How to master the power of money? ›

Nine Ways to Master Your Money
  1. Set S.M.A.R.T. Goals. ...
  2. Pay Yourself First. ...
  3. Maintain an Emergency Fund. ...
  4. Pay off Your Credit Card Debt. ...
  5. Insure Your Family Adequately. ...
  6. Buy a Home. ...
  7. Take Advantage of Tax-deferred Investments. ...
  8. Diversify Your Investments.

What are the 5 easy steps to being rich? ›

How To Get Rich
  1. Start saving early.
  2. Avoid unnecessary spending and debt.
  3. Save 15% or more of every paycheck.
  4. Increase the money that you earn.
  5. Resist the desire to spend more as you make more money.
  6. Work with a financial professional with the expertise and experience to keep you on track.

What comes to your mind about money? ›

Money can help to provide feelings of safety, security, and peace of mind. The more I earn, the more generously I can donate to the charitable causes I want to support. When I'm not anxious about money, I'm able to be more present and generous with my friends and family.

What are your attitudes about money? ›

The study established that there are four ways of looking at money: money as power (status spender), money as generosity (generous indulger), money as security (secure saver) and money as freedom (independence lover). It also found we are vulnerable to unhealthy ways of thinking about and using money.

What is a fixed mindset about money? ›

If you have a “fixed money mindset,” you might believe that your financial situation is fixed and cannot change. You might feel that there's no point in learning more about the world of finances because it wouldn't make any difference to your day-to-day relationship with money.

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