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How To Transform Your Money Mindset

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Discover how just a few small changes in the way you think can lead to big results, so you can achieve your financial goals.

Discover how just a few small changes in the way you think can lead to big results, so you can achieve your financial goals.

Published in: Economy & Finance

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  • 1. How To Transform Your Money MindsetJim Franklin Annabelle Stevens Use this deck every day as you take action to transform your money mindset. http://EternalSpiralBooks.com/moneymindset
  • 2. The Current Economy  It is easy to feel fear  Think that there are no opportunities to improve your life  That you are ‘stuck’  “The Secret” is that it really IS all in YOUR mind.  Change your money mindset, change your life… http://EternalSpiralBooks.com 2
  • 3. Wealthy and Poor People Think Differently About Money Have you ever wondered what determines whether you’re rich or poor? It is NOT about ‘luck’ or intelligence. Your money mindset has a lot to do with it. http://EternalSpiralBooks.com 3
  • 4. Lack versus Abundance Mindset Lack “I don’t have any money.” “I wish there was a way to get more money.” “There are no jobs out there.” Abundance “I can earn all the money I want.” “I can do so many things to get money.” “I can sell my skills and services to others.” http://EternalSpiralBooks.com 4
  • 5. When Opportunity Knocks Poor People: Don’t notice opportunities to make money Usually don’t take advantage of them Wonder, “How much will it cost me?” Wealthy People: Keep eyes open for all opportunities Take advantage of opportunities Think, “How much can I make?” http://EternalSpiralBooks.com 5
  • 6. When Opportunity Knocks—Example Peter has a job but complains he doesn’t have enough money. He’s annoyed at all the yards in his neighborhood that aren’t well-kept. Robert lives in the same neighborhood. He works full-time too but wants MORE. He is eager for a financially secure life. He notices the lawns, too. What will Peter and Robert each do about these yards? http://EternalSpiralBooks.com 6
  • 7. Peter’s friend, Sam, is disabled and tells Paul: “I wish I could mow all these lawns and trim bushes, but I’m physically unable to. Why don’t you do it?” Peter complains, “It will cost too much and take up too much of my time off.” Robert says: “I think home owners like Sam, the elderly, and busy single moms need some help with their yards.” “I could make at least $100 a week helping people by mowing these lawns.” “I’ll stop right now to offer my services.” http://EternalSpiralBooks.com 7
  • 8. Who do you think can make an extra $100+ weekly? http://EternalSpiralBooks.com 8
  • 9. Investing Poor Think: Overwhelmed by fear Asks, “How much can I lose?” Wealthy Think: Confident Asks, “How much can I make?” http://EternalSpiralBooks.com Studies show that fear of LOSS is a stronger motivator that hope of gain. Could this be what is holding YOU back? How can you change your money mindset? 9
  • 10. Short-Term versus Long-Term Thinking Poor Think: “How will I pay this month’s bills?” “I never have any money.” Wealthy Think: “I want to meet my savings goal at year’s end.” “I’m saving now for my kids’ educations.” http://EternalSpiralBooks.com 10
  • 11. Price versus Value Poor Think: “Wow, look at that sale price!” I’ve got to have that.” “I can’t pass up that price.” Wealthy Think: “That’s a good price but do I really need it?” Will the item have value for me in a year or two?” “Can I use it to make money?” http://EternalSpiralBooks.com 11
  • 12. Who’s the Boss? The poor are either trying to find a job, waiting to get a job or making an effort to keep hold of a job. J.O.B=Just Over Broke. The wealthy prefer to work for themselves to keep more of the profits that their work creates. The rich have confidence in their own abilities/skills. http://EternalSpiralBooks.com 12
  • 13. Dealing with Challenges A Poor Person: Feels overwhelmed Avoids confronting the challenge Thinks of excuses for the situation Blames other people and things A Rich Person: Has confidence he can handle the challenge Confronts the situation Resolves the issue Makes it work, or learns from any mistakes http://EternalSpiralBooks.com 13
  • 14. YOU Have the Power Take Responsibility Be in Control Take Action http://EternalSpiralBooks.com 14
  • 15. The poor believe they are victims of circumstances. The wealthy believe they have the power to increase their dollars through intelligent action. Do You See the Power You Have Over Your Wealth? Take Responsibility Be in Control Take Action http://EternalSpiralBooks.com 15
  • 16. Dreams Do you dream small, or big? Poor people dream small and hope their dreams come true. Rich people dream big, and take action to make their dreams and goals become a reality.http://EternalSpiralBooks.com 16
  • 17. Learning How open are you to learning new information about finances?  Those who think poor are less open to learning new information and ways of doing things.  Those who think rich are open to new knowledge. They are in a constant state of learning what they need to know in order to succeed and achieve their financial goals. http://EternalSpiralBooks.com 17
  • 18. Cash Flow What is… Cash Flow? Good Debt? Bad Debt? http://EternalSpiralBooks.com Part of our current economic woe is the result of people getting into credit card debt and living beyond their means. But there IS such a thing as good debt, if it helps you earn more money. Some people are terrified of getting into debt or losing money; could they be missing out on financial opportunities because of this mindset? 18
  • 19. Cash Flow •Your paycheck •Other income streams Good Debt •Debts you pay that will ultimately earn you more than you paid Bad Debt •Debts you pay that bring you no return on your money •Examples are: cable TV bill, purchases that drain your budget http://EternalSpiralBooks.com 19
  • 20. Tips to Change Your Mindset How can you alter your mindset to be more like the wealthy? http://EternalSpiralBooks.com 20
  • 21. Affirmations Positive Self-Talk Meditation Visualization Journaling Spend time with those with a rich mindset Network with people you want to emulate http://EternalSpiralBooks.com Create a Cycle of Success with a Positive Money Mindset 21
  • 22. Conclusions  Your mindset about money largely determines the kind of financial life you will lead.  You have the power to change your money mindset.  Learn to think rich and live the life you desire!  Use this guide every day to remind you of the key principles in transforming your money mindset.  Take positive action each day to achieve your goals and dreams. http://EternalSpiralBooks.com 22
  • 23. Final Thought: “Being broke is a temporary situation. Being poor is a state of mind.” –Mike Todd Best wishes on your road to transforming your money mindset! http://EternalSpiralBooks.com 23
  • 24. Credits:  With thanks to Jim Franklin and Annabelle Stevens for this deck, derived from:  How To Transform Your Money Mindset http://EternalSpiralBooks.com/moneymindset http://EternalSpiralBooks.com 24