Is Your Money Mindset Impeding or Facilitating Your Wealth?

Could you be standing in your own way?

6/9/20251 min read

white concrete building during daytime
white concrete building during daytime

I have discovered that your mindset can be the biggest blocker to how you manage (or not) the money you have worked so hard to earn. I call this your 'money mindset'. It is mostly responsible for whether you stay in the black, red or vacillate between the two. It is a determining factor in whether you consider yourself to be a 'have' or a 'have-not'. I bet someone knows where I'm going with this!

A negative money mindset is a surefire impediment to the attainment of your dreams and goals. What you value you look after, right? I've heard it said that a 'fool and his money are soon parted?' Right again! 'The Bank Manager knows best; I'll abdicate responsibility for my financial wellbeing to him and let him take total control of my money'. Totally wrong! Just as the doctor can never know your body as well as you would/should, your bank manager or financial consultant should not be in charge of your wealth. No siree. Let them retain the position of 'Consultant/Adviser' while you retain the position of CEO, Chief Executive, Commander-in-chief etc, over your own money. Get it?

A positive money mindset means you can enjoy the life you already have as well as the one you are working to attain.

Do a quick health-check:
- can you tell the difference between a need and a want?
- do you always complain about not having enough money?
- do you get stressed about money?
- do you always take responsibility for all your financial decisions?
- do you value and invest in yourself and your dreams?
- do you tend to compare your financial status with that of someone else?

Your answers to the above will give you a clear indication of your money mindset and whether or not it is an impediment to your financial progress.