Achieving true financial freedom doesn’t have to be difficult.  In fact, it’s quite simple.  But in order to reach your financial goals, you have to first understand how to change your Money Mindset. 

I will never forget a certain book I read in my mid-twenties that forever changed the way I view life. While not specific to money, The Power Of Your Subconscious Mind taught me that we can bring any thought to reality by wholly and truly believing in it.

For example, If you believe that saving money is impossible, that belief will always come true.  Whatever you think about will come about.  It’s the law of attraction.

That’s why the first step to achieving your financial dream is through changing the way you view money.  By removing negative thinking patterns, you can learn to change your Money Mindset so that you can obtain your financial goals.  Look at it as a mental reset.

I am going to outline 7 steps on how to change your Money Mindset forever, but first, let’s talk a little more about Money Mindset.

What Is Money Mindset? 

Your money mindset is your individual set of beliefs about money. More specifically, it shapes your attitude around money, and ultimately, is the driver of your financial behavior.

A healthy money mindset will allow you to take control of your finances so that you can reach your financial goals.  An unhealthy money mindset will allow your finances to take control of you resulting in you feeling hopeless and helpless.

Changing your mindset about anything is not something that happens instantly.  It’s something that can take weeks to accomplish, but through proper techniques and commitment, it can easily be achieved.

The goal is to change your mindset about money so that you can reach your financial goals.  Once you’ve mastered this technique, you can apply it to any area in your life that you would like to improve.

1. Recognize Negative Money Mindset Thoughts

Before you can begin with the process of changing your mindset, you have to first recognize your current negative thinking patterns around money.  In other words, take a mental note or jot down your current thoughts when it comes to your financial situation.

Now make a conscious effort to stop yourself whenever a negative thought comes into your mind.  Instead, you will want to replace those thoughts with positive thoughts or affirmations which I will discuss more shortly.

When something is repeated enough times, you start to believe it.  What you believe will always come true.  So, if for example you constantly are telling yourself that you will always live paycheck to paycheck, your subconscious mind will believe this to be true.

Essentially you will attract situations or circumstances in your life that will make those beliefs come true.  The goal here is to replace those negative thoughts with positive ones.

2. Set Your Financial Goals

Knowing your financial goals is an important step in this process.  Write down your money goals and be as specific as possible.  You can write as many as you would like but for now, make sure they are related to money.

An example would be, I want to save $2,000 within 6 months.  Or I want to be debt-free within 1 year.  Figure out what your current goals are and make a list of them.

3. Choose New Beliefs That Support Your Goals

In order to stop your negative thought patterns, you must replace them with positive ones.  A good way to do that is by replacing them with positive affirmations.  A positive affirmation is defined as a statement that affirms something to be true.  Below are some of my favorite money affirmations:

  • I have abundant money in my savings and it’s increasing day by day.
  • I am aligned with energy of wealth and abundance. 
  • I have more than enough money.
  • I have limitless amounts of money. 
  • I am good at making money.
  • I am a money magnet that attracts opportunity. 
  • I earn more than enough money. 
  • I am living debt free. 
  • I am excited, delighted, and grateful for my new home.

I like to keep my affirmations short and sweet for simplicity purposes.  Feel free to use one of the ones I recommend or any other positive money affirmations that support your financial goals.

Keep in mind that an affirmation must be in the present tense, clear and concise, and invoke a positive feeling.  If it’s written in the future tense then it will not work as well, if at all.  Pick only one for now in order to avoid overwhelming yourself.

Also, keep in mind that it is totally okay that you are reciting an affirmation that is currently untrue. Remember, if you repeat something enough times your subconscious mind will eventually believe it to be true.  Once your subconscious mind believes something to be true, it begins attracting circumstances in your life that will make that affirmation come to fruition.

4. Practice New Beliefs

Now that you’ve recognized your negative thought patterns, identified your financial goals, and chosen your favorite money affirmation, you can move forward to the next step.  An affirmation can not come true without repetition and visualization.


You must repeat the positive affirmation of your choosing daily.  Not just once or twice.  In order for an affirmation to come true for you, you have to repeat it at least a hundred times a day.  If you can repeat it out loud that works even better.

Set aside 5 minutes a day that you can commit to repeating and practicing your affirmation.  Setting a daily reminder on your calendar will help.  In addition, whenever you feel a negative thought coming into your mind about your finances, quickly replace it with your chosen positive affirmation.


Repeating an affirmation alone is not enough.  While you are repeating the affirmation, I want you to visualize how you would actually feel when that affirmation comes to pass.

Really imagine how amazing you would feel at that moment that you have reached your financial goal.  I can’t stress enough how important this step is.

If you can commit to repeating your affirmation daily and truly visualizing how you would feel once it’s achieved, your affirmation will come true in time.  This isn’t something that will happen overnight.

On average, it can take 3 weeks or so for an affirmation to start working but can take longer for it to reach the full benefit.  The first week of doing this might seem difficult, but just like anything else, it will get easier.

5. Create To-Do Lists

Changing your money mindset is a great start, but no goal can be accomplished without action.  Create a to-do list of exactly what steps you will need to take in order to achieve the financial goals that you have set for yourself.

Below are some general examples of what you would add to your to-do list based on different financial goals.

  • Save Money: Create a budget.  If you don’t already have a Budget Spreadsheet you can get my FREE budget spreadsheet right here.
  • Increase Income: Update & send out resumes to higher paying jobs OR look for a side gig.
  • Start Investing: Look into your employers 401K plan OR open up an IRA account.
  • Reduce Expenses: Create a budget and start reducing or eliminating unnecessary expenses.
  • Improve Credit Score: Do research on how to rebuild credit or contact a company that can assist with that.  Credit Fix Guy guarantees to improve your credit score by at least 100 points in 60 days or your money back.
  • Buy a New Home: Do research on how to get pre-approved for a mortgage and/or contact a mortgage lender to discuss your options.  Bank of England is a very reputable US-based mortgage company that I highly recommend.
  • Pay Off Credit Card Debt: Research the quickest way to pay off credit card debt and begin implementing those steps.  Or you can contact a credit repair company if necessary.  Credit Saint is an excellent credit restoration company that comes highly recommended by many.
Here are some resources that cover some of the above goals:

3 Easy Tips On How To Start Saving Today

How To Create A Budget That Actually Works

15 Ways To Reduce Your Monthly Expenses

Getting Pre-Approved For A Home Loan: 5 Steps In The Process

First Time Home Buyer Guide

8 Ways To Rebuild Credit

6. Take Action

Now that you have your to-do list, you can begin to take action.  In order to avoid overwhelming yourself, focus on one item on your to-do list each week, 2 weeks, or month.

Some things may take longer than others so give yourself enough time to complete each item before moving on to the next.  Starting everything at once may lead to frustration and complete failure to complete anything on your list.  Go easy on yourself and don’t expect everything to happen simultaneously.  Stay focused on the task at hand until it’s complete.

7. Celebrate Success

Each time you reach a particular financial goal you set for yourself, celebrate! By celebrating your success, you reinforce the motivation that will carry you through the next goal you have set.  Take the time to step back and recognize all the efforts you put into your big achievement.  Use that motivation you feel from accomplishing your goal to continue to conquer your next financial goals.

Changing your money mindset will take a lot of effort on your part.  But the more you learn to replace negative thoughts with positive ones, the more success you will attract into your life.  Remember that it takes 3 weeks to make a habit.  So start changing your habits today and you will be rewarded, TRUST ME!

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