If you received $1,000,000 right now, what would you do with it? Spend it? Save it? Invest it? Our beliefs about money will decide what we would do with it. I have been interested in the differences between someone with a poverty mindset and someone with an abundance mindset when it comes to money. Nobody flies out of the womb with financial knowledge, we either learn it when we get older, or we never do. Most of us consume like it’s the end of the world. New TV, new Mercedes Benz, new iPhone 200. We are constantly having products shoved in our faces with very clever marketing tactics. I was someone who had a poverty mindset, I didn’t know how to manage my money either for a long long time (New $60 water bottle, check!). It’s a flow of beliefs that get passed down from generation to generation. A lot of us consume like it’s the end of the world and we live pay check to pay check, we aren’t smart with our money. There was a documentary where a homeless man received $100,000 in return of a film crew following him to see how it unfolded… Well, he spent it all in 6–8 months. Surprising? It’s about the mindset and beliefs you have around money, and how you were brought up with it.
If your relationship with money sounds like this:
“Rich people are assholes”
“Money makes people greedy”
“I’m always broke”
“Ugh look at that wanker in the Mazerati”
Or perhaps you may feel fear or guilt around having/spending money or you hold on so tightly to it out of fear of losing it…
Then you my friend, are probably living with a poverty mindset.
If your relationship with money sounds like this:
“I love money and money loves me”
“My life is abundant”
“I have everything I need”
You don’t feel fear when you lose money, or you don’t have guilt when you buy something. You feel happy when you pay bills and not stressed…
Then you are probably experiencing an abundant mindset.
Awareness of self, awareness of patterns in your family. Look at how your family manages money. How have you managed it your whole life? If you are ready for change, I really, really, recommend you educate yourself by reading books on money,and managing your finances. Sound boring? Well, would you rather keep spending your money on meaningless shit, trying to fill the void in yourself? (Side note: money will never fill the void you feel.) That was me once. If you are from Australia (heck, have a read even if you aren’t), I 100% recommend The Barefoot Investor by Scott Pape:
The Barefoot Investor helped me get my finances in shape, in a simple but efficient way. I also enjoyed Robert Kiyosaki’s Rich Dad, Poor Dad. Even though it was not relevant to Australia, it really transformed my beliefs about money. I love, love, LOVE Jen Sincero’s You Are A Badass At Making Money and I also HIGHLY recommend reading Frederick Dodson’s book, Prosperity Consciousness for a more spiritual approach to money, this book will help you change your beliefs. Note: If you aren’t willing to invest money in even one of these books, then you are choosing to not change your situation or invest in yourself. If you can afford a Netflix subscription or go out for lunch, you can afford one of these books.
Money itself is just paper. We attribute huge value to money. Realise that it’s not money that you want, and it’s the things that money can buy you. Money is not the goal. A new car is the goal. A new house is the goal. Author Frederick Dodson explains that rich people don’t sit there talking about money all day. If you are constantly talking about money, that implies that you are lacking it. (Unless it’s your job to talk about money, of course!) It’s important to change you relationship with money. If you want to be rich, stop slagging rich people. You are slagging yourself. If you want to live an abundant life, feel abundant with what you currently have. Look for things that you love and appreciate RIGHT NOW. Your car, your home, the cutlery you eat with, having fresh water, the money that you do have in the bank. Don’t resist your situation. If you are resisting the feeling of not having enough, it won’t be going away any time soon. If you feel angry or guilty at yourself for spending money, you need to learn to release these emotions. When you feel the emotion come up, FEEL it. Don’t resist it, just allow it to be there. Don’t think about the cause, simply just feel the emotion. What you resist, persists.
You need to re-create your relationship with money if you ever want to let more of it into your life. You have to have trust that the universe will provide. If you don’t believe that, your situation will never change. When you feel stress about finances, ask yourself “Do I want to be Rich or do I want to be Poor?” (Robert Kiyosaki). Remember: the vibes you put out there will come back to you. And if you feel and think stress, guilt, fear around money, that’s what you’ll keep getting. So break the pattern, educate yourself, read the books I shared with you and change your life and your money situation.