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Money Mindset

All articles tagged with #money mindset

personal-finance2 years ago

Mastering Money Mindset: Insights from a Millennial Millionaire

Don, a self-made millennial millionaire, used to place immense pressure on himself to earn more money. However, he realized that even a six-figure salary can quickly disappear with taxes, child expenses, and a mortgage. He shifted his focus to other aspects of his life, such as his kids and personal happiness, which brought him more fulfillment than wealth ever could. Don recognizes the importance of devoting time to his family and health, and he aims to enjoy the wealth he has built for himself. He emphasizes the need to be grateful for what he has and not let money define his life.

personal-finance2 years ago

"Unveiling the Surprising Link Between Wealth and Happiness in Retirement"

Your money mindset, whether it's a "rich" or "poor" mindset, can significantly impact your financial choices and strategies. A scarcity or "poor" mindset is focused on immediate needs, hoarding tendencies, and a belief that money is scarce. On the other hand, an abundance or "rich" mindset sees money as unlimited and views financial challenges as opportunities. A rich mindset is proactive, optimistic, and learns from failure, while a poor mindset tends to have a negative outlook and avoids risk-taking. Changing your mindset starts with awareness and examining your core beliefs, and can be reinforced through tools like affirmations. Taking an active approach, setting clear goals, practicing gratitude, and seeking self-improvement are ways to cultivate a rich mindset.