Welcome to the School of Wealth: https://anthonyex.com/10-ways-to-think-about-money/

I’m going to show you 10 ways you can think about money, so it can impact your life positively.

When it comes to achieving your personal and business goals, money tends to be a great focus on measuring success.

The money mindset is essentially your attitude to cash, so developing a positive mindset about money is crucial for overall success and well-being.

To create a positive mindset around money, you want to rid your mind of all limiting beliefs preventing you from taking action, then start looking at the world through an opportunistic lens to fully achieve abundance in your life.

If you want to discover a positive mindset about money, here are 10 Ways To Think About Money.

Make sure to stay until the end for a bonus tip!

10. Think of Money as a Tool, Not a Result.

For many of us, money is viewed as a result.

Something we gain for going to work.

Something we lose when it’s spent.

We use it to pay our bills and maintain our lifestyles but rarely do we actually think of money as a tool. It’s simply something we have to acquire in exchange for our time and energy.

To the average person, the acquisition of money is a zero-sum game.

One of the most prominent differences between the mindset of the wealthy and the rest of us is that they simply do not view money in this way.

Pretty much every successful person that I’ve ever studied has had a mindset that views money as nothing more than a tool.

A tool to be used to acquire and do more of what they really want. The best venture capitalists in the world understand this concept better than most.

Their success is dependent on their ability to view and use money as a tool for investments.

Here’s a quick example to better illustrate this idea:

Let’s say you have an extra million dollars lying around and you decide you want to finance a new car.

The car payments average out to be about $800 per month. Most people would simply buy the car outright or just start making the payments out of the extra million they have lying around.

But, those with a mindset for wealth, who view money as a tool, might do something as simple as this: Place the million dollars in a savings account that yields a 1% return and then use the $833 per month accumulated interest to pay for the car.

Instead of spending money on the car and taking away from that extra million, the wealthy get to keep their million dollars and get the car too.

While a very crude example, it effectively illustrates the difference in how money is viewed and used by those with a focus on wealth.

When we start to view money as a tool that allows us to grow our wealth and do more of what we want in life, we’ve come one step closer to having a mindset of prosperity.

9. Eliminate Your Scarcity Mindset.

A scarcity mindset is an idea that there is never enough.

No matter what you do, no matter how hard you try, you won’t have enough.

You see things that you would like to have, but then you give up because you assume it’s impossible for you to ever have the means to get those things.

This can make you jealous of others, cause anxiety, increase stress, and make your life miserable to live.

Rather than having your thoughts, which lead to your actions, come from a place of scarcity, your thoughts need to come from a place of abundance.

The scarcity mindset believes you will always come up short.

The abundance mindset believes you have enough and there is enough to go around. Your needs will be met. Having an abundance mindset about money gives you the power to act freely and bravely with your life.

8. Don’t Put Money on an Emotional Pedestal.

If any of you are like me and have grown up without a lot of money, you may have developed some pretty strong negative emotional stances concerning money.

Money was always viewed as a source of stress. Something that directly dictated whether or not I was going to have a good day.

I used to feel strongly (and still do, at times, it’s a work in progress) that my personal self-worth was directly related to what kind of clothes I was wearing, what kind of car I was driving, and how nice my apartment was.

All of this pointed right back to how much money I had in my bank account.

Money should not be such a major thing in our life that it is able to dictate our emotional state or determine our own self-worth.

This closely relates to the first tip that I listed. If we’re able to view money as nothing more than a tool for us to wield, we become the ones in charge of our lives, not the money.

If we’re emotional about money and allow it to dictate our mood, how can we ever begin to use it effectively as a tool?

I mean, you don’t get emotional over a vacuum cleaner, do you? Emotions will cloud our judgment and cause us to make poor choices with our money.

The wealthiest people in the world will tell you, “Don’t get emotional about money.”

While this is sometimes easier said than done, it’s very solid advice. Learning to take money down from that emotional pedestal and put it in our hands, where a good tool should be, is a key step for moving our mindset towards wealth creation. And that puts us in the driver’s seat.

7. Shift From ‘Spending’ Money To ‘Using’ It.

There are many ways you can use money. You can save it, invest it, donate it, or, yes, spend it. You can set up a business, non-profit, or other organization.

You can buy things or experiences. You can save for early retirement, a dream trip, or a big boat. You can invest in your education, your health, and wellbeing, a new startup that’s doing something amazing, or a big public company whose values you agree with.

The trick is to use your money in truly important and meaningful ways. If you always think in terms of using your money well, rather than simply spending it, then you’ll tend to end up with a much more interesting, value-based, fulfilling life.

6. Be Confident.

Your money mindset can change how you think about yourself.

You have an idea of how much you are worth and how much you deserve. That figure, whatever it might be, directly plays into how confident you are.

Never undersell yourself.

Do whatever it takes to remind yourself of that and to live it every day of your life. You are of value, and you are worth it.

Being confident can affect how you feel about yourself and how your employer sees you and can open up doors that were previously closed to you.

Believe in yourself and know you have something no one else in this world does.

5. Fake It Until You Make It.

Start talking to others about your situation as if you don’t have to lie to people; you can just say things like: “my money situation is great; I’m now working on my money mindset, and by the end of the week, month or year, I will make that much of money”

Your wealth starts in your head, see yourself as someone who has a lot of money and above all who deserves this abundance, and imagine how much good you can do with this money!

4. Treat Your Money Like A Friend.

Many of us may have grown up thinking that the love of money is the root of all evil, but that’s not true.

Love is a positive thing. Obsession is what’s unhealthy.

When you see the evil billionaires out there making bad decisions based on greed, that’s not coming from a place of love. That’s coming from a place of obsession.

The greedy billionaires are obsessed with money. They hoard it, and value it over human life, and put it before public health or environmental sustainability.

When you love your money, you treat it like a friend. You pay it lots of attention and help it grow. You don’t allow it to get wasted. You check in on it daily to make sure it’s not depleting too fast.

You sit down with it every week, or at least once a month, and pay close attention to what it’s doing, where it’s going, and whether you can better support its growth and security in the future. That is love

3. Don’t Compare.

Your route to success is different than everyone else’s.

Do not waste your time comparing yourself to others. With the constant updates of social media and the internet, it’s easy to get sucked into making comparisons.

Not only do we overwhelm ourselves as we try to compare ourselves to celebrities and internet influences, but we might even compare ourselves against friends, family members, neighbors, and coworkers.

We rarely compare ourselves to where we were a year ago to see our actual growth. Instead, we tend to compare ourselves against celebrities, the hyper-wealthy, or people that are well beyond us.

This creates unrealistic expectations and leads to disappointment.

Comparisons take away from focusing on your own success and development. Constantly trying to compare your success to those around you is a waste of time and is never worth doing.

2. Start To Love Money.

Ok, that one should be easy for you. The fact that you are here shows that you probably won’t have any problem with point number 2, love money. But it is still very important, so I wanted to add that one to the list.

You can not build a positive money mindset if you have any negative feelings towards money.

Being wealthy is a good thing! Money IS NOT the root of all evil. It’s the people that use the money the wrong way!

When evil people have money (and with the money usually comes the power), then, of course, this can have a negative effect. But that has nothing to do with the money itself.

Think about all the great things wealthy people can do. Think about someone like Sir Richard Branson, as a great example. And you don’t need to feel guilty for loving money.

If it makes you uncomfortable to have a lot of money and know that others have to live in poverty, then help them. Give money to charity, or even start your own charity. So if you have negative feelings about money, turn them around, Think of all the good you can do with it.

1. Banish “I Can’t Afford” From Your Vocabulary.

Closely related to the “not enough” narrative, is the “I can’t afford” narrative.

It’s time to change that up. Money mindset coaches have a simple fix for this one.

Every single time you hear yourself saying, or thinking, “I can’t afford this”, substitute it with “How can I afford this ?”.

It’s a small change, but potentially a powerful one. There is often a way to afford something small.

A budget tweak. A lifestyle change. A sacrifice (or postponement) of something else you want.

When it comes to the bigger stuff, then it’s a case of drawing up a long-term plan. Maybe you need to earn more, or save more, or develop a side hustle.

In theory, you can afford a lot of what you want. It’s just a case of working out the how.

Quick bonus tip:

Most people are limited by their beliefs. Some of these beliefs can be conscious, but most of them are subconscious and foundational beliefs you’ve had since childhood.

A positive money mindset fights against those beliefs and changes how you view money. By changing your relationship with money, you empower yourself to use it to reach your goals, rather than being a slave to your beliefs.

When your relationship with money changes, your reality will transform as well.