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Mindset & Psychology – Eliminate Negative Thinking For Financial Gain
Your thoughts and feelings can keep you broke
Not only that, they don’t believe their financial situation can improve because their circumstances have surrounded them for so long.
When you’re not careful, you allow your circumstances to merge with your identity.
If you live in lack, maintaining a mentality of abundance will take additional effort. My family was not wealthy, and we had economic turbulence; however, I always believed I had more than enough and would experience financial independence. My surroundings showed no signs of that, but my belief eventually manifested into my life experience.
Many people who earn six and seven figures still feel broke. One of the reasons for this is they consistently spend more than they earn, but another reason is that they always feel like they don’t have enough; they have a lack mentality instead of an abundant mentality.
Negative emotions and thoughts will impede your financial progress because you won’t believe you can make any in the first place. Thoughts and feelings are powerful.
Common negative feelings associated with money include:
Fear
Lack
Anger
Anxiety
Frustration
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Which of these feelings do you experience most frequently? Why do you feel this way? How can you change the thought pattern? What thoughts can you start thinking that destroy this feeling?
Common negative thoughts associated with money include:
“We/I can’t afford that.”
“That’s out of the budget.”
“I’ll never get out of debt.”
“It’s too late for me to invest.”
“It’s too hard to save money.”
“I don’t understand numbers.”
“Money doesn’t grow on trees.”
“I’m never going to be able to retire.”
Most of us know someone who has said one of these statements. Your parents might have said these things to you growing up.
You might say these things to your kids, family, and friends now.
But the more you say and think these thoughts to yourself, the more you will perpetuate a negative financial situation.
Focus On Abundance
How do you create wealth? Through investing.
When you invest, your money goes to work for you 24/7.
Sometimes you will lose money when you invest, but you will average about 10% returns over the long haul.
When you believe you can’t afford to invest, you will never create the opportunity to invest.
Most people can spare $1–$20 a month.
Though this amount won’t build substantial wealth, starting with this amount can help you develop the mindset and habits to create wealth for you.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.