HOW DOES OUR MINDSET AFFECT OUR RELATIONSHIP WITH MONEY?
For many people, financial circumstances are fixed. For example, you could be stuck at a job, unable to work, retired, on a fixed income, receiving expensive but necessary life-saving treatment, or caring for dependents. However, even given difficult financial circumstances, it is possible to shape your view of that financial situation and money in general. Mindset determines how someone will respond to objective financial realties in life.
A hallmark of a scarcity mindset is excessive worry, obsession and fear about material resources. It should be noted that there are very legitimate reasons to have anxiety regarding financial transitions and challenges, in which case you should consult a financial planner, social worker, or other social service resource. A great place to start is: https://www.211unitedway.org/.
Keys to an abundance mindset include gratefulness and a giving-attitude. What you focus on grows: the more you focus on what is going well in your life the more you will create it.
HOW CAN WE ADDRESS FEELINGS OF ENVY AS THEY RELATE TO MONEY?
Envy comes from a scarcity mindset. Envy generally comes from a feeling of insecurity or lacking something meaningful and satisfying in your life. Oprah Winfrey explains that when you start to feel jaded or envious, you should intervene with intentional gratitude:
“It’s when you least feel thankful that you are most in need of what gratitude can give you: perspective. Gratitude can transform any situation. It alters your vibration, moving you from negative energy to positive. It’s the quickest, easiest, most powerful way to effect change in your life – this I know for sure.”
WHAT ARE SOME PRACTICAL TIPS FOR HAVING A MORE POSITIVE HEALTHY MINDSET ABOUT OUR FINANCES?
START A GRATITUDE PRACTICE.
Begin by making an exhaustive list of everything you are grateful for in your life. Food, shelter, transportation, friends, family are often overlooked in a scarcity mindset. Even minor things like a cool breeze, feeling of sunshine, and pleasing music can create a powerful focus for this initial list.
Continue your gratitude practice by keeping a gratitude journal. After you wake up and before you go to bed, list 3 things you are grateful for in your life. Keep track by date. Review weekly.
Tell people you care about that you appreciate them.
Help someone in need you might otherwise not, like a homeless person you pass on the street or a struggling co-worker.
Donate to a charity you care about. Giving to others in meaningful ways opens ourselves to receiving. It also instantly shifts us from a scarcity mindset to an abundance mindset.
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