Many people are trapped in the “rat race”. They spend most of their week working in the office. They work hard just to be able to afford a bed to rest in and a car to ride in.
But their rest is used to get energy to work. Their car is used to ride to the office and home again. In practice, they spend their money just so they can work to make the same amount of money.
Are you trapped in the rat race? If you are, then to break free from it you need the right money mindset. The step to freedom starts with having the right way of thinking.
To help you break free from this trap, here are 3 easy to apply money mindsets:
Money Mindset #1 – Money is important
There is no avoiding it: money is important. You use it for the cost of living and pay the bills. But the real purpose of money is to increase the quality of your life.
There are people who avoid thinking about money. They are rather naïve in thinking money isn’t important. In truth, these people are usually afraid that they won’t have enough money.
They are afraid because they don’t know how to make more money. You can avoid this fear by acknowledging that money is a support tool. Like any tool, money helps you to achieve a purpose.
To use money as a tool, you must understand the relationship between you and money.
Money Mindset #2 – Master and servant
One thing you must remember is that you are the master and money is your servant. Many people live with the mindset that money is the master. This is thinking in reverse.
When you think that money is your master, you will succumb to it. You will be influenced and swayed by the amount of money in your hand. This will make you worry and be afraid that you will lose it.
Eventually, you do lose it because your mind is living in fear. To free yourself from this fear, you must be the master of your wealth. But how do you be a master of money?
To master your wealth, be in control of it. Instead of letting your money dictate your behavior, start choosing your own:
- Write a recording of how much you make and spend each month
- Plan a budget for the next month to save at least 10%
- Invest this 10% into an investment that can grow your money further
Take control of your financial situation. The earlier you start, the faster you can get the benefit from it.
Money Mindset #3 – Circulation
Here is the truth about prosperity: to reach it, your wealth must be in circulation. This means the money that you have must be put in to good use. Your money only has value when it is used.
If your money is only sitting in a bank, it’s not adding value. This is why you aren’t receiving more value in your life, because you aren’t giving value. You must give first before you can receive.
Imagine your wealth like the blood in your body. To remain healthy, you have to sweat to let the toxins out. It’s the same with money – it must remain in circulation to stay healthy.
To put your money in circulation, you can invest your money in good businesses. You can even help other people start up their business. The value you plant will return to you multiple fold, one way or another.
These 3 mindsets help you to truly understand money. When you understand money, you know where and how to use it in your life to create more prosperity.