Money. The root of all evil, a taboo subject that people hate to talk about. Why is money such a touchy subject for people? Why does it cause so many problems?
Christmas is in just a few weeks and right now money is one of the the things on all of our minds. How much are these gifts going to cost? Am I going to make enough money on this paycheck? Am I going to get Holiday Pay? Money, money, money.
Money doesn’t have to be such a sore subject, and right now is the perfect time to talk about it! The people who struggle with money and have issues talking about it are usually the people who don’t have a good attitude, mentality or relationship with money.
So what exactly is the problem? What are your beefs with the dough? Are you struggling with money because you just don’t have enough? Are you in too much debt, in over your head, broke? Do you have money and have no clue what to do with it? Adopting a money mindset can help you fix the problems you have with money.
I’ll be the first to admit that I’m horrible with my money. I have never been able to manage it very well and that’s one reason that I got myself into debt. I don’t have nearly as much debt as some people, but I have more debt than I would like to have, and it’s taken a lot for me to learn how to change my habits and start managing my money in the right way.
Change Your Attitude
The first step to adopting a Money Mindset is to change your attitude about money. What’s one of the first things that comes to mind when you think about money? Do you wish you had more of it? Do you think that it will make you happy? More money doesn’t equal happiness. Your problems don’t go away because you have a little bit of money, and sometimes it can even cause more problems.
Money is just a tool to help you live the life that you want, so what kind of lifestyle do you envision for yourself if money wasn’t an issue? Take a step back and think about your perfect life. What things make you happy, what do you do every day when you have this perfect life?
Now think about your life the way that it is. What things make you happy? What do you do every day? Are any of these things the same? What things are different? What things could be different if you didn’t have issues with money? The goal here is to figure out what your weak spots are and start adopting a different mindset so you can have your ideal life.
Live Below Your Means
Living below your means is very important. You don’t need to upgrade your lifestyle just because you have a little money. You don’t need to go buy a brand new phone or a Chanel handbag and blow all your cash. Be smart with your money! If you have it, save it, invest it, spend it on something that can truly benefit you and teach you something. Instead of buying material things you don’t truly need, invest your money back into yourself. What can you do with your money to help you grow as a person? What can you do with your money to help you grow in your business?
Before you spend your money ask yourself if you REALLY, TRULY, DESPERATELY need the thing you’re about to buy. Are you going to die without it, or will you be alive the next day? If you don’t really need it and you simply want it, you can afford to go without it. Instead of making that purchase, set that money aside into a savings account or invest it.
If you find yourself struggling with shopping and making reckless, spur of the moment purchases, try an experiment out for a week or two if you can manage. Every single time you’re tempted to buy something, deposit that exact amount into a savings account, or set the cash aside. At the end of the week, two weeks or month, see how much money you have set aside. The amount will probably shock you!
Think about how much money you could be saving if you didn’t buy things that you don’t need. One of my biggest weaknesses is going out to eat. I really struggle with going to restaurants or buying fast food when I really don’t need it. I am perfectly capable of cooking at home and have food at home to eat. It’s one thing I’ve struggled with for a long time, and something that I’m still working on.
Check your finances weekly. What are you spending your money on that you don’t really need? Do you really watch Netflix that much? Is that gym membership going to waste? What are some monthly expenses that you can cut out?
Put in the Work
There are so many different ways to make money today, and you should always have more than one source of income, just in case something goes wrong, you lose your job, you end up in the hospital, etc. The great thing about the internet today is that there are endless opportunities for people to make money online. Whether you want to start a blog, sell products, teach, or freelance, there are so many different ways to make money.
Just because you can make money at home doesn’t mean that you should just stay home and not go out and get another job. If you have any concerns about money or wish that you had more, get another job. I know some bloggers who make thousands of dollars a month and still bartend or wait tables on the weekends just because they want to be able to save that extra money or reinvest it back into their blog or business.
Get creative with side hustles. Do everything and anything you can, especially around the holidays if you have concerns about money or don’t want to break the bank buying gifts for your family and friends. If you have the extra time to work another job, then you should be taking advantage of that. Don’t waste time, because wasted time is wasted money.
There are people and businesses out there operating at 100% 24 hours a day, and it’s because they have put in the time, effort and dedication to making that a possibility. Don’t complain if you don’t put in the work for it! If you’re capable of doing the work and you just don’t want to, then you have no reason to complain because that’s all on you.
I know that sometimes life and other jobs can be exhausting, but there are people who push through 3 jobs and still find the time to pursue their dreams and they’re successful because they work day and night and don’t give up. You have to change your attitude and your mindset if you want to change things.
How you show up every single day is going to determine whether or not you achieve your goals. Your circumstances don’t create your life, YOUR ACTIONS do. If you fall victim to circumstances, then you’re not going to rise above them. You have to show up 100% every single day, and only then will you be able to move forward.
When you start thinking about money in a positive way, working hard for your money, saving it and investing it wisely, then it stops becoming a problem and starts becoming a tool that enables you to live the life you want.