Change Your Thinking About Money
How do you view money? If you see it as something you’ve got to struggle to earn or hang onto, you might want to change your thinking about money. This isn’t some woo-woo idea either that’s going to make more money magically appear in your life.
Instead, it’s pretty simple.
When you change your thinking about money, you’re changing your point of view. People with different outlooks not only see things differently — they act differently.
One point of view
Take this example. Suppose you’re working on creating an emergency fund. It’s been a struggle so far, and it feels like every time you sock away an extra dollar, another emergency appears. In fact, just recently you got a huge medical bill in the mail; a bill that’s more than your entire emergency fund. Naturally, you feel depressed and discouraged. You may even want to give up. You’re just sick of the whole thing. Money is not a pleasant experience for you.
But if you can change your thinking about money away from the struggle and toward the things that are going right, you’ll be in a better frame of mind. Instead of being depressed and discouraged, you’ll be more likely to actively make the changes necessary to truly get ahead.
A different perspective
Let’s rewrite the earlier example into something seen from a different perspective. Suppose you’re working on building up an emergency fund. It’s been a challenge so far, but challenges can be exciting. Every time you sock away an extra dollar, you’re better prepared. Instead of going into the hole when an emergency appears, you’re that much further ahead. You wouldn’t have been that prepared before; so you feel good about what you’ve done so far and decide to take it further by starting to track spending.
That huge medical bill you got shocked the heck out of you, and you’re determined to make sure that you’ve got enough insurance for the future. In the past, you might have been tempted to give up when confronted by such a large bill, but things are different now. You decide to call the billing department and set up a plan for repayment that won’t break the bank.
Outlook influences action
The way you look at things really does determine how you choose to handle situations. Two people in the exact same situations can choose to act and react very differently. Once you change your thinking about money to something positive, it becomes easier to take steps that will further improve your financial situation. And you’ll feel even more positive then.
What do you think? Have you always had the same view of money, or has your point of view changed along the way?