How Positive Thinking Can Help Your Finances

How do you think about money, talk about money, and act towards money? Adopting a positive approach to your finances can make all the difference.

No matter where you turn, practical advice on how to manage your finances is fairly standard: stick to your budget, reduce your debt, and save as much as you can. But these seemingly simple notions don’t deal with the heart of many financial woes. They don’t look at the anxiety, insecurity, shame and guilt that many face when dealing with money, or indicate how these feelings – and the financial situations they refer to – can be resolved.

“One of the biggest ways of either attracting money or repelling money lies in how you think about money, how you speak about money, and how you act when it comes to money,” says Donna McCallum (aka the Fairy Godmother), a life coach based in Cape Town. “Whatever energy you’re putting out there towards money is probably the type of energy that you’re getting back.” This means that adopting a positive mental approach towards money can have real, tangible benefits, says Donna.

Here are a few ideas to get you started:

  • Monitor your thoughts

Watch out for the thoughts that tell you you’ll never be out of debt, or you’ll never raise the capital to start your own business. Simply being aware of them is the first step – and it’s an important one. From here on, you can start to dispel these beliefs by introducing positive, affirming thoughts. Your brain is elastic – its belief patterns can change and, as a result, so can the world around you.

  • Don’t compare your financial situation to those around you

When family, friends, social media acquaintances and celebrities all seem to be flaunting their wealth, it can be difficult not to compare their circumstances to your own. But things are not always as they seem, and often those with the most wealth also have the most debt. Don’t get distracted and disheartened by those around you. Rather focus your attention and energy on your own situation and goals.

  • Learn about money

Many feelings of being daunted about money are actually a byproduct of ignorance. If you have very little knowledge about how money works, it’s easy to feel overwhelmed and troubled. The antidote, however, is simple: educate yourself. Learn about financial matters by reading relevant articles or by signing up for a basic finance course. The more you know, the more empowered you’re likely to feel. And as you put the lessons you learn into practice – lessons about living within your means, for example, or about siphoning off money for a rainy day – the better your financial situation is likely to become.

As you evaluate your relationship with money, be sure to forgive yourself your previous financial mistakes and make an effort to focus on what you do have rather than what you don’t. It’s also important that you celebrate your achievements, however small, and introduce careful and deliberate shifts that will set you on course. Over time, these simple practices can result in significant change.


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