There has never been more information available on money and finances as there is today. However, so many people are still in the dark on how to master their money mindset.
On a daily basis, the majority of people struggle with reaching their financial goals. They work hard, create budgets, are smart with their money but still have problems moving beyond where they are leaving them wondering what the “secret” is.
If you can relate then read on to learn more about the different types of mindsets that either set you up for success or set you back and the amazing podcasts and resources that will help get your mind in the right place financially.
What is Money Mindset and Why Is It Important?
If there’s one thing in life that has so many stigmas and varying beliefs around it, it’s money. It’s a topic that we all have deep thoughts on. Whether we know it or not, these thoughts shape our reality with money through a money mindset.
A money mindset is your personal outlook on money and all that is associated with finances. It is the way we think, feel and act towards money.
It’s important to be aware of what our current money mindset is because it actually controls the way we use money day in and day out. Even though we feel that we are in control, it’s our mindset on autopilot that actually is doing things for us.
Having a great relationship with money is actually an inside job. Starting to look within is important to work on building the money mindset that helps you actually achieve your financial goals.
Scarcity Mindset Vs. Abundance Mindset
While there are many ways to label your money mindset there are two general categories that all of them fall into: scarcity mindset and abundance mindset.
Scarcity mindset has a deep-seated focus on lack and not having enough. Those who have a scarcity mindset are usually found looking at their particular money situation in a negative way. They commonly feel a range of emotions about past and current financial decisions to feeling frustrated or doubtful. But where does this all come from?
As we grow up, we hear well-meaning people in our lives say things from their perspective. Very rarely, however, do we stop to question if what we’ve heard about money or what we’ve seen regarding how money is handled is correct. So we tend to internalize these things that end up directing our conscious and subconscious thoughts. These thoughts turn to feelings and then the action we take with money. If you’ve ever heard phrases such as “money is the root of all evil” or “rich people are not good people” or “money doesn’t grow on trees” these are examples of negative perspectives that we internalize. Without a doubt, they can play a role in how we work with money even as adults.
What An Abundance Mindset Really Is
On the other side of a scarcity mindset is an abundance mindset. This is one we get to replace the negativity with!
When you hear the words ‘abundance mindset’, you might think that it’s someone who is positive and happy all the time – maybe even delusional. In reality, this is not the case. An abundance mindset is rooted in looking at the facts and seeing them as opportunities for growth rather than something that stops you.
Also, an abundance mindset is focused on what’s possible rather than what isn’t. It allows you to see more of what is available to you so that you can grow your gratitude. With this reframe you open your mind and yourself up to more opportunities to move closer to your financial goals than ever before. This is where the millionaire mindset starts!
The Best Financial Podcasts For Money Mindset
One of the best things you can do to begin to switch your mindset from one of scarcity to one of abundance is taking in information from those who are where you want to be financially. Check out these amazing financial podcasts to help you get started on your millionaire mindset journey.
If you enjoy real talk, real stories and interesting outlooks on money topics then this is the podcast for you.
The Millennial Money podcast breathes fresh air into the still taboo topic of money, helping you to expand your mind and grow your money mindset out of the box. Hosted by the award-winning Certified Financial Planner Shannah Compton Game, the podcast really dives into what makes millennials tick. She has the most amazing guests to help you dive into what money wellness means to you.
With topics like, “How To Have Awkward Money Conversations…Easily”, “What Is Money To You…and What Do You Want It To Be?”, and “Can I Be In Love & Still Ask For A Prenup?” you are definitely bound to find something that will help you grow your money mindset.
Inspired Money Podcast
Host Andy Wang takes you deeper into the world of money. He gives you dynamic perspectives from those who are leading the way in business, thought leadership and other amazing areas. A great focus of this financial podcast is sharing sparks of inspiration while diving deep into topics like side hustles, paying down debt, charitable giving, investing and more.
The Money Mindset Podcast
While the title may say it all, here’s why you really need to be listening to The Money Mindset Podcast.
Ashley Patrick from Budgets Made Easy dives right into this very vast topic of money mindset. She helps you expand your awareness through already relatable life topics such as relationships and goal setting.
She does a great job of providing money insights by showing its connection to your bigger vision for your life. With episodes such as “How To Turn This Financial Crisis Into A Financial Win” and “How I Save $600 A Month On Groceries” you’re bound to find great information to meet you where you’re at while inspiring you to rise above.
Additional Resources For Money Mindset Growth
Your money mindset growth doesn’t have to stop with financial podcasts. Here are some other recommended audiobooks so you can keep listening in to grow your money mindset.
You Are A Badass At Making Money By Jen Sincero
Written like you’re talking to a friend who has had enough money experiences for the both of you, this bestseller (and for good reason) really pinpoints exactly why your money mindset is the foundation of your financial happiness.
With humor and deep relatability, You Are A Badass At Making Money shares ways to overcome your doubts, fears and excuses that hold you back and teaches you to tap into the natural ability you actually already have to grow rich. You’ll also find great questions at the end of each chapter to help you apply what you’ve learned.
Your New Money Mindset by Brad Hewitt and James Moline
Written by a CEO in the financial world and a consulting psychologist, Your New Money Mindset gives you the best ways to understand how money really works, both in the world and within you.
The book explains why the writers believe that most people haven’t spent enough time really looking at their fundamental attitudes toward money. They also share how this oversight affects all that these people do.
Through comprehensive explanations and an assessment that helps you see just what your actual money attitude is. You’ll come away with a fresh perspective to open your mind towards thinking of overflow all the while enjoying what you have now. The writers even show you how to be more open hearted with your money and other people.
You’ll undoubtedly come away with a healthier relationship with money. Also you’ll learn how to be future minded when it comes to your finances.
Mindset Over Money
It’s shameless plug time and it’s truly shameless because I wrote really enjoyed working on my ebook Mindset Over Money over a year ago and sharing what I’ve learned about money mindset. In this book, I dive into my personal financial journey. I share what I learned along the way when it comes to the power of resetting your money mindset.
In this book, I share my best mindset tips. You’ll learn how to build a new relationship with money and grow your confidence around earning it, saving it and spending it. You will shift the way you look at money and help set yourself up for a rich and abundant mindset.
Also, it’s important to have steps that you take action on. In this complete guide I included actions to help you dive deep into what mindset is, how to overcome limiting beliefs, the truth about earning money and so much more.
Learn more about Mindset Over Money here.
Happy Money by Ken Honda
Have you ever thanked your money when it comes into your bank account and thanked it when it leaves? Well bestselling author Ken Honda shares this amazing concept in great detail and so much more in Happy Money.
This book really gives you insight into a more zen way of looking at and interacting with your money. Having “happy money” may sound unusual or strange but the book explains the concept well. Ken shares why money doesn’t have to be a source of stress, anxiety, and fear. He also shows how you are can be at peace with money and feel gratitude towards it which opens yourself up to having more of it flow to you. He even highlights why scarcity is a myth and why giving and receiving money must be embraced without attachment.
This shift in your money mindset can have a profound effect on what Ken calls your money EQ (Emotional Quotient). Ultimately you’ll develop into the financial prosperity you actually desire.
There are always ways to expand your money mindset and grow it positively.
These podcasts and resources can definitely help you to shift your money mindset in a positive direction. If you open your mind, embrace, and apply what you learn you’ll be able to reframe your money story.
What are your favorite money mindset financial podcasts and books?
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