Advertising
Advertising

Change your Mindset for a Great 2009: Create the Abundance Mindset

Change your Mindset for a Great 2009: Create the Abundance Mindset

 

Create the Abundance Mindset

    How do you do that?  You give away what you got.

    It’s not that complicated, really.

    Advertising

    Short on time?

    Some people are always running out of time – like it was cash or something.  They run out of time and they’re always in a panic to get things done.

    If you’re always out of time, then do the sensible thing – give your time away.  Does that sound crazy?  Well, it might to the left side of your brain, but really give it some thought.

    Advertising

    Here’s the thing.  Some people don’t give away their time because they don’t think there is “enough time” to give.  And when you’re not giving away your time, it’s a signal that you’re coming from lack.  And that lack keeps you stuck in the scarcity mindset.

    The interesting thing is that when lack shows up; it shows up everywhere.  The way you do anything is the way you do everything.

    It’s no different with money.

    Advertising

    Do you have a shortage of cash?

    Maybe you’re one of those people who holds onto every penny you’ve got – save money for a rainy day sort of thinking.  I know because I used to be that type of person.  Maybe you’re really frugal with your money.

    There’s nothing wrong with being frugal.  What I’m talking about is something completely different.  Holding onto your money doesn’t bring more of it to you.  Admittedly, holding onto or hoarding your money is evidence that you don’t think you have “enough”.  And that has got you living in scarcity or what my friend Julia calls “scare-city.”

    Advertising

    So, how do you break the pattern?  How do you truly create the abundance mindset?

    You’ve got to be willing to give from where you are.  To create the abundance mindset, you have to be willing to give.

    “You receive through the same doorway through which you give.  The way to receive freely is to give freely.” ~ B. Jensen

    Here are 6 ways to create the abundance mindset:

    • Cash Shortage? Give some away. Yes, you heard me right. Don’t sell the farm, far from it. But consider giving money to a friend or family member to help them out.  Givers gain.
    • Are you short on time? You don’t always have to give your money.  You can give your time too.  You don’t have to dedicate 90% of your day to serving others – that’s not what I’m saying. Just find that balance between giving and receiving.
    • Lacking love? You’ve got to give some before you get some.  Go out right now and give 5 people you know a big hug. I guarantee right after you do this, you’ll feel great. You’ll feel like a million bucks!  You’ll feel loved.  Go out right now and hug 5 people!
    • Stuck with a Problem? Help others first. Think of someone you know that is having a similar problem. And think of a way that you could help them.  You don’t need to know all the answers, but just start helping someone else and I guarantee help will come to you.  Write down what you plan to do to help this person and then go out and do it. I’m telling you this works!  When you help others wholeheartedly, help will always come back to you.
    • Lacking Confidence? Yup, you know it. Give it away! Find someone you know who is lacking in self-confidence and give them a boost.  Spend some time with this person and tell them how much you believe in them.   Put positive ideas in their mind.   Instill confidence in others and confidence will come flowing abundantly to you.
    • Short on Creative Ideas? Give them away! Give others creative ways to increase profits to their business, find a new stimulating career or improve their health.  Freely give away ideas away and ideas will always flood right back to you.

    You have to start with where you are.  You can’t give what you don’t have.  Be willing to give what you got from where you are and I promise you – abundance will flow into your life.  You will create the abundance mindset.

    More by this author

    3 Tips to Improve Memory Quickly Change your Mindset for a Great 2009: Create the Abundance Mindset

    Trending in Money

    1 How Being Smart With Your Money Leads to Financial Success 2 17 Practical Money Skills that Will Set You Up for Early Retirement 3 25 Things to Sell to Make Extra Money Easily 4 How to Pay off Debt Fast Using the Stack Method (A Step-By-Step Guide) 5 30 Fun Things To Do With Your Friends Without Spending Much

    Read Next

    Advertising
    Advertising

    Published on September 17, 2018

    How Being Smart With Your Money Leads to Financial Success

    How Being Smart With Your Money Leads to Financial Success

    Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.

    With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.

    So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.

    1. Avoid being “penny wise but pound foolish”

    It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.

    You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.

    So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.

    2. When you want something big, wait

    Impulsivity can get you in trouble in most aspects of life. Finances are no different.

    It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.

    We get an idea in our head of something we want, and it’s hard not to go out and get it right then.

    A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.

    Advertising

    So, you get the itch.

    You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.

    Here’s where you have to take a step back.

    Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.

    Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.

    It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.

    The impulse faded. And you just saved yourself a ton of money.

    3. Live smaller than you can afford

    You finally get that big raise. And you want to celebrate – and why not?

    You’ve been looking forward to this forever. And after all, it was all due to your hard work.

    That’s fine, splurge a little. However, make it a one-time deal and be done.

    Advertising

    Don’t get caught in the trap that just because you’re now making more money, you should spend more.

    Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.

    The fact is that living smaller than what you can afford is one of the fastest ways to build savings.

    But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.

    4. Practice smart grocery shopping

    Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.

    But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.

    Create a grocery budget

    Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.

    Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.

    I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.

    Make a list… and never deviate

    Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.

    Advertising

    You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.

    These impulse decisions will lead to overspending, which will derail your grocery budget.

    Eat before going grocery shopping

    It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.

    If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.

    After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.

    Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.

    However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.

    This makes it much easier to stick to your grocery plan.

    5. Cancel your gym membership

    Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.

    The average gym membership costs around $60 per month. That’s $720 a year.

    Advertising

    Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!

    I recommend seeking an alternative. One good alternative is to look into fitness streaming services.

    Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.

    Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.

    For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.

    Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.

    There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.

    It’s baby steps… And baby steps can start now!

    I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.

    Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.

    The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.

    Featured photo credit: Unsplash via unsplash.com

    Read Next