Five Daily Habits To Shift From A Scarcity To An Abundant Money Mindset
/In my research and in working with thousands of employees and entrepreneurs on their relationship with money, I have determined that money mindset is one of the three pillars of being able to thrive financially. The other two pillars include financial wellness and money aura. You can think of these three pillars as you would think of the three pillars associated with physical health.
The three pillars of your physical health are:
Pillar one: physical activity
Pillar two: nutrition
Pillar three: self-image
The same goes for thriving financially. The three pillars of your financial health are:
Pillar one: your financial wellness
Pillar two: money mindset
Pillar three: money aura
My money philosophy
Financial wellness is to money as physical activity is to the body. These are the action steps you can take to elevate your financial health and create financial security. Just like you take action steps to elevate your physical health.
Money mindset is akin to nutrition. Just like you need to feed your body with wholesome foods, I suggest feeding your mind with wealthy thoughts. In the mainstream financial media, the messages around money are muddied with anxiety, fear, and scarcity-oriented thinking. These poor messages need to be balanced with messages of abundance that will nourish and expand your mind.
Money aura is akin to the self-image you have of your body. An individual can know which workouts to do and what foods are best for their body, but if they have a poor self-image they will sabotage their efforts. The same applies to money. A poor money aura is the result of unhealed financial trauma. In the United States, the history of white economic terrorism has negatively impacted the money aura of both the abused and of the abuser. Everyone has suffered as a result of the racist and sexist policies that have allowed white people to build economic power on the backs of human beings.
Five daily habits to elevate your money mindset
There are two money mindsets: a scarcity mindset and an abundant money mindset. A scarcity money mindset holds the fundamental belief that there are not enough resources to go around. An abundant mindset believes that there is more than enough to go around when we are in balance with nature.
Elevating your money mindset is one of the foundational steps for creating a life of peace and prosperity. Here are five daily habits you can practice to shift your mindset from scarcity to abundance.
Visualization: Visualization by creating a vision board or using the power of your mind’s eye is the practice of creating images that express the reality you wish to experience. Attaching imagery to your financial goals is one of the first steps in bringing your goals to fruition. You can start by cutting out images from old magazines to create a vision board of the life you wish to lead.
Money meditation: Money meditation is a practice for alleviating financial anxiety. This can be a guided meditation or listening to sound healing bowl sounds to calm the mind and dismiss the errant thoughts that lead to anxiety and stress.
Introspection: Introspection was a tool developed in the 19th century by Wilhelm Wundt. Wundt is considered by some to be the father of psychology. The intention is to report the sensory experiences of a situation rather than the mere objective aspects in order to better understand how your mind is reacting to the situation. Building on Wundt’s tool, I’ve created a money mindset practice. Start by looking at the number in your bank account and then sitting comfortably. Close your eyes and describe the contents of your conscious mind in a journal entry. What is the imagery telling you? The imagery that pops up will give you insight into how you truly feel about the money in your bank account. This practice is especially helpful for those of you that are more visual learners.
Money mindfulness: Money mindfulness is a practice of bringing awareness to financial decisions. It allows you to ground yourself in the present moment and tune into how money affects your thoughts and physical sensations. To practice money mindfulness, I recommend taking three deep breaths before making any financial decision. By becoming aware of the physical sensations that money can evoke within you, you are better equipped to make financial decisions that support your well-being by coming from a place of full self-awareness and self-knowledge. This could apply to every aspect of your life as well, whether you’re busy with a hobby like Swyftx crypto exchange, or simple at a crossroads where some tough choices need to be made. By being more mindful, you’ll be able to assess the situation from a fresh perspective.
Money date: The money date is a weekly practice I recommend to all of my Money & Mimosas® readers and paid members. The consistency of this practice teaches you how to bring awareness to all financial decisions, take a pause to celebrate wins, and reflect on how to make a difference with your money. Watch this video to learn more about the money date.
