You’re likely reading this article because you’re interested in the differences between the way poor vs rich people think and act. You’d probably like to apply the habits of the rich in your own life, right? Well, one thing stands out – it starts with a rich mindset.

If you’re serious about becoming successful, then you need to understand the difference between rich and poor mentality. As you study the lives of wealthy people, you’ll notice one consistent theme: a growth mindset.

One of my favorite quotes of all time is from Dale Carnegie. “Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.”

Having a rich mindset is ultimately about self-growth and persevering until you reach your desired outcome. The best place to begin? Understanding the rich vs poor mindset.

Ready to learn what sets apart the rich mindset vs poor mindset? Let’s dive in!

The difference between rich and poor mentality

If you’ve spent any time on social media such as Instagram, Facebook, and YouTube, you’ve no doubt seen people posting content about their incredibly lavish lifestyles. For some, the images are real. But for others, behind the scenes, there’s a lot of debt, poor credit, and zero savings.

In the extremely popular and captivating book The Millionaire Next Door, authors Thomas J. Stanley and William D. Danko studied millionaires over several decades. Do you know what they found? Most millionaires aren’t living out in Hollywood. 

Most millionaires are right in front of you – living in your neighborhood, driving that second-hand Toyota, and sporting the iPhone from 5 years ago.

There are so many lessons to learn from everyday millionaires. They’re business owners who’ve built their empires from the ground up, women and men who’ve maintained their old lifestyles while building real assets and using a rich mindset.

It’s important to realize that the truly rich often won’t flaunt it.

Additionally, it’s partly why they continue to increase in wealth. They’re not giving into consumption by buying the latest gadgets or the most expensive items. Instead, they’re building assets.

This is a key differentiator between rich vs poor people. Living in luxury can be one of the habits of the poor mindset.

But becoming rich is possible with the right mindset, and there are many more wealthy people out there than you might imagine. These are people who have built wealth quietly using a stealth wealth approach.

What is a poor mindset?

On the other end of the spectrum, you have a significant number of people stuck in a poverty mindset. Poverty and being poor are complex. The environment, exposure, and life experiences can keep someone trapped in this poverty mentality.

It can be difficult to overcome this.

However, you can carve your way out by deciding to adjust your thinking with the power of mindset. So, what are the thought patterns that can hold you back from becoming wealthy?

A poor mindset believes things will not change

Poor mindset convinces people that their circumstances are fixed and that living paycheck to paycheck is the best they can do. They have a lot of negativity and think that there’s not much they can do to improve their circumstances. It’s a big difference between rich and poor mentality.

An attitude of poverty believes overcoming challenges is impossible

Someone using habits of the poor mindset believes that what life has thrown them has never been seen before and their challenges are impossible to overcome. This way of thinking may also cause them to feel judgment towards those that are rich.

What this person fails to realize is that everyone goes through rough patches. Oprah didn’t rise to where she is without facing major personal and professional challenges.

Instead, she has a wealth mentality. Below, we’ll walk through certain habits that wealthy people have that set them apart from the rest.

13 Rich mindset habits to start emulating now

Now that you know the difference between the rich vs poor mindset, let’s get into specific rich mindset habits that you can start working on today.

1. Rich people always have a vision

Before you hit the ground running, ask yourself this: what is your vision? Jonathan Swift said it right when he said, “Vision is the art of seeing what is invisible to others.”

Do you have hopes and dreams you’re constantly thinking of achieving? Is your vision big beyond what you think you are capable of today? Will what you see for yourself change your life, the life of your family, or your community in the future?

If all you see is where you are today, challenge yourself to build a vision. Once you do, realize it’s not a one-and-done affair.

Instead, it’s an everyday process where your mind dreams further of what’s possible, and then you follow your dreams. The rich are persistent and keep working towards their vision and goals; a huge difference between the rich mindset vs poor mindset.

2. Rich people have productive routines

Netflix, YouTube, and TikTok have been dominating the entertainment scene of late. Millions of hours are viewed each day. While it’s great for them, it does little for you – and the wealthy know this. Most rich people are more productive with their time.

People with money are intentional. They have routines. And they understand that you don’t just wake up as a diligent individual out of nowhere.

When we talk about routines, we don’t just mean waking up at 5 am every day. That’s only a tiny part of it.

Instead, we’re referring to the overall environment the wealthy put themselves in.

Rich people are intentional about the friends they keep. They pay attention to what they feed their minds. And they put themselves in environments where success is most likely.

Routines consist of all these components – time, environment, and habits.

For example, when you need to work from home, do you stay in bed? You probably end up getting much less done. Having a designated workspace will get you much further ahead.

Basically, create a life that makes success inevitable and eliminates obstacles that could stop you from achieving your goals. The reliability of a routine can help you succeed. The wealthy know this and are intentional about having a consistent billion dollar morning routine.

3. A rich mindset is results-driven

Rich people focus on outcomes. They take full responsibility by setting goals and achieving them.

In addition, they aren’t building routines for bragging rights. No one is waking up at 5 am, so they can post about it on Instagram.

No. People with money are focused on the results and will commit to doing what it takes to achieve them.

Routines alone will improve your quality of life. But they won’t do anything for your bank account. Routines coupled with focused action will yield results.

So, what’s the best way to achieve results? Know what you want. When you have a clear idea of what the end goal is, it will be so much easier to work back and figure out what it takes to get there!

4. Rich people admit when they don’t know

Guess what makes you a smart person? Admitting what you don’t know and knowing how to ask meaningful questions.

The rich know this and are on a constant search for knowledge as part of their rich mindset. So, if you’re learning from a mentor, ask smart questions for informational purposes.

Learn in regards to the challenges they are facing, understand what they are trying to achieve, how they are planning to achieve their goals, and what they’ve learned from past experiences.

Listening always pays off. Gather intel on best practices, new opportunities, and potential challenges and solutions. Use this skill when learning, negotiating, exploring, or networking – basically every human interaction you have!

5. People with a rich mindset don’t work for money

You heard that right. The wealthy work to learn. Poor people often work for their next paycheck.

Reasons for working is a huge difference in the rich vs poor mindset.

You see it all around you. Poor people end up working from paycheck to paycheck, barely making ends meet. Rich people, in the meantime, grow their skills and abilities and continually rise up the ranks.

6. Rich people have mentors

Life is all about relationships. You’ve heard the saying before, “Your network is your net worth.” It’s true.

But that doesn’t mean you should go out there and dump your friends. Instead, it means you should broaden your circle.

Once you make money the end goal, you’ll be stuck working for it without growing in your talents and abilities to boost your income.

However, if you work to learn, you’ll be well on your way to success.

You see, those with wealth connect with other people. They identify stars in their field, study them, and through a leap of faith, make that connection.

It all goes back to your vision.

Who inspires you? What do you admire about them? What do you hope to learn from them?

And it doesn’t just stop there. A rich mindset asks how you’ll make a connection with that person. To connect with anyone you’d like in the world, you have to serve them first.

Understand their world and figure out how you can add value to them. They’ll be much more receptive to mentoring you once you’ve built a relationship.

7. Rich people always look out for opportunities

Shark Tank is a fascinating show. Every week, handfuls of entrepreneurs stand before the sharks and pitch a new idea. Some of them are wild.

Would you ever imagine a sponge in the shape of a smiley face making millions of dollars? Or a toilet stool that makes bowel movements easier, revamping how people handle their business? Scrub Daddy and Squatty Potty did just that.

Their founders were visionaries who saw opportunities in the mundane day-to-day activities of life.

Not seeking to improve things is one of the habits of the poor mindset. But not someone with a rich mindset.

A rich person always seeks to improve upon what’s out there – and there’s always room for improvement. Both in good economies and bad.

Past recessions birthed companies like Airbnb, Venmo, and Uber. Recessions and times of economic uncertainty create some of the greatest comeback stories you can ever imagine. It’s times like these where differences between people with rich vs poor mindsets stand out.

8. Rich people believe in abundance

In the rich vs poor mindset, there’s often one core belief that holds poor people back. It’s a belief that resources are limited, also called a scarcity mindset. It’s a belief that if my neighbor Jane succeeds, then there’s less room for me to succeed.

It can often lead to resentment and an assumption that rich people only look out for their own interests. To a person with a poor mindset, resources are always scarce.

People with money, on the other hand, believe in abundance.

You’ve succeeded? Great! Who else can, too?

Wealthy people know there’s plenty to go around. They do not engage in an “us vs. them” mentality. They focus on providing as much value as they can to as many people as they can. That’s their formula for success.

Zig Ziglar summarized it well when he said, “You can have everything in life you want if you will just help other people get what they want.”

9. A person with a rich mindset learns how to manage their finances

No one is born knowing how to manage their money. Sure, some people are born into families where good money habits are modeled well for them. But for the majority of us, that’s not the case.

Rich people know this and are proactive in managing their finances. A rich person has a budget.

A wealthy person has learned how to invest in the stock market. A successful person made it a priority to get out of debt.

Beyond that, the rich understand how to use money to their advantage. Instead of racking up thousands of dollars in consumer debt, rich people will leverage it to start a business if they need to. They use debt to build, and they pay it off responsibly.

10. Rich people are not afraid to fail

Rich people are not afraid to fail because they know failure leads to success. They’re not afraid of trying something new. They see a problem, and they are quick to think of solutions to it.

No one has 100% accuracy with finance and investments. Sometimes, you just have to take a calculated risk.

Failure and setbacks don’t worry them because they have not failed as long as there are life lessons to learn. They are willing to go out on a limb sometimes, at their own risk, because they want to improve and try to be more successful.

You’ve certainly achieved wins in the past, but you’ve probably also had things not go according to plan before those wins. Look back at each of them, and you’ll notice the lessons you learned in order for you to get to the point of success.

11. Rich people focus on the long-term

There are two different perspectives in life: those who focus on what’s in front of them and those who think about the big picture.

People with a rich mindset don’t just think about what’s going to happen tomorrow or even over the next year. They think about what is going to happen in the next 20 or 30 years. The rich realize that things take time, including building generational wealth.

For example, a rich person knows that forgoing the latest smartphone model and instead investing that money in a retirement account will be better for them in the long run. Sure, that money might be off-limits until they hit 59-and-a-half. But they know that even if it’s not accessible right now, it’s helping them build long-term wealth.

And thanks to earning compound interest, the longer they wait, the more money they’ll have in the end.

12. The rich take care of their health

People with a rich mindset have a different way of thinking when it comes to things like health and taking care of themselves. They know that while working hard will pay off in the end, it won’t if it’s at the cost of their health.

That’s why rich people make sure to prioritize living a healthy lifestyle. That means eating healthy, exercising, and regularly going to the doctor. But it also means focusing on mental health.

If you have a negative mindset and are struggling with your psychological health, it can be difficult to focus on other things like making money and building money habits. So, focusing on a positive way of thinking and mental health can help you succeed.

13. Rich people understand the value of investing

Another one of the differences is that rich people understand the value of investing. Putting aside money into an IRA or some sort of retirement savings every year might not seem like the most exciting use of your money, but it can be one of the keys to building wealth.

How? When you invest money, whether it’s in the stock market, real estate, or another type of investment account, you’re making a long-term bet that your money will grow in value over time.

People with a wealthy mindset understand that investing can pay off, especially if you start investing at a young age. That’s because the longer you invest, the more time your money has to compound and earn you even more cash.

Expert tip: You can change your perspective

If you want to start building wealth, you need to develop a rich mindset. By focusing on how you approach and think about things, you can turn your perspective around from being negative to positive.

Instead of thinking about what you can’t do or why you can’t increase your savings, think about the things you can do today. Use the resources you have available to you and start building the right habits and your mind will change.

How do you go from a poor mindset to a rich mindset?

If you want to go from a poor mindset to a rich mindset, focus on improving yourself and how you think about things.

For example, practice gratitude with a daily gratitude list, meditate, and surround yourself with people who are positive. Make sure to set clear goals and gain as much knowledge as possible.

What is the difference between a broke mentality and a poor mentality?

A poor mentality is a mindset where you believe that opportunities are limited and that money should never be spent. In addition, you believe you shouldn’t take risks, and if you do have success, it’s temporary.

A broke mindset is when you don’t know what’s important to focus on when it comes to money. You might spend your paycheck on the consumption of things you don’t need, then complain that you are not able to save or invest.

Both of these mindsets can be changed, and you can begin to think positively about your life and finances.

How do you know if you have a rich mindset?

If you think that being wealthy is possible and are focused on building value over the long term, then you may have a rich mindset.

Likewise, if you find yourself already practicing investing, managing your money, and recognizing opportunities, then you likely are on the path to having the right mindset to build wealth.

Articles related to having a rich mentality

If you want to know more about how to change your mindset and become wealthy, check out these posts next!

• How To Get Rich From Nothing!
• Rich VS Wealthy: 3 Key Differences Between The Two
• How To Stop Being Poor: Breaking The Cycle Of Poverty
• 11 Key Ways To Improve Your Money Mindset

Develop your rich mindset to become wealthy!

Now you know the difference between rich and poor mentality. Becoming rich is not hard, but it does take time and effort.

You just need to start cultivating habits that will get you there and understand a rich mindset vs poor mindset. Practice habits that will make you wealthy, not habits of the poor mindset.

Like many before you, you too can become a millionaire. It won’t happen overnight, but with consistent and diligent effort and a good mindset, you’ll be well on your way to achieving wealth.

So, I’ll leave you with these questions: What is your vision? Where are you going? Who do you want to be? 

Today is a great time to start developing your rich mindset and working towards your goals.

To learn new things about habits and finance, listen to our podcast, Clever Girls Know. Or check out these financial books for even more information about money.

The post Rich Mindset Vs Poor Mindset: How To Develop A Rich Mindset! appeared first on Clever Girl Finance.

Many of us are guilty of having a scarcity mindset when it comes to money, which holds us back from achieving financial abundance. You might believe that there isn’t enough money to go around or that you have to work extra hard for every penny you earn. But changing your mindset about money can improve your life in huge ways.

You might be constantly stressed out and worried about your finances. But what if you could change your money mindset? What if you could adopt a financial abundance mindset instead?

In this article, we will discuss why developing a mindset of financial abundance is important, the true meaning of financial abundance, and tips for how to achieve it!

Financial abundance meaning

For some people, the word “abundance” might bring to mind images of money overflowing from safes or lavish shopping sprees on luxury items. But true abundance is so much more than that.

It’s about having everything you need and then some. It’s about making life easier and living with plenty, without concern about money or where your next meal is coming from.

When you have more abundance, you’re able to pursue authentic living and be true to yourself. You can afford to do what you love, and you have the resources to help others in need as well.

You’re also able to enjoy life’s simple pleasures and not be burdened by financial stress or worry. Money is attracted to you as a result!

In addition, financial abundance is a state of mind characterized by thinking positively about money and believing that there is enough money for you as well as everyone else.

Now that we’ve covered the financial abundance meaning let’s dive into why developing this mindset is so important!

Why is adopting a financial abundance mindset so important?

If you realize that you currently have a negative mindset and it’s limiting your financial success and money goals, then it might be time to learn how to change your life.

Of course, changing your mindset isn’t something that could be done in a matter of seconds. But with a little bit of work, you’ll be surprised at the benefits it could bring into your life.

Here are some of the things that can happen when you begin to think in a more positive way:

Leads to less financial stress

It’s probably not too surprising to learn that money is a huge cause of stress for the majority of Americans.

Not having enough money is definitely stressful, but what if you could change the way you think about the situation? When you adopt a financial abundance mindset, you start to see money in a different light and begin changing your perception of finance.

You stop worrying about having “enough” and instead focus on creating wealth and abundance for yourself. Which can lead to less financial stress and more peace of mind overall.

Improves your morale and confidence level

Financial abundance isn’t just about having lots of money. It’s also about feeling confident and capable when making decisions around money matters, both big and small.

When you adopt an abundance mindset, you’re more likely to make decisions that could lead to increased earnings potential and high-income skills because you know that even if things don’t go as planned, you’ll be able to weather the storm.

Also, having a positive relationship with money can improve your morale and overall outlook on your financial life.

Allows you to dream big and trust the process

When you have a positive mindset around your finances, you’ll begin to believe that achieving money abundance in your life is 100% possible. Having this kind of confidence and belief in yourself will allow you to dream big, set goals, and work hard to achieve them.

Also, when you know that achieving financial success in life is inevitable for you, you won’t worry during the process. Instead, you trust that everything will unfold perfectly in the end.

Scarcity mindset vs. abundance mindset

So do you have a scarcity mindset or an abundance mindset? These two mindsets could not be more different.

With a scarcity mindset, you see the world as a place where there isn’t enough for everyone.

On the other hand, with an abundance mindset, you see the world as a place of unlimited resources, and you can start planning to succeed along with everyone else. To achieve financial abundance, it’s so important to shift from a scarcity mindset to an abundant one.

Here’s how you can recognize a scarcity vs abundant mindset:

Won’t share knowledge vs. shares knowledge freely

People with a scarcity mindset are often afraid that others will take what they have. And because of this fear, they tend to hoard information and knowledge to themselves to feel like they’re in control.

But people with an abundance mindset know that there is enough for everyone! So instead of hoarding knowledge, they share it freely without hesitation or concern.

Fears change vs. embraces change

In a scarcity mindset, someone might fear change because it means that something is going to be taken away from them.

On the other hand, in an abundance mindset, people embrace change because it means there will be more opportunities and financial success for everyone.

Thinks small vs. thinks big

In a scarcity mindset, people tend to think small. They focus on the problems they face and see little opportunity to overcome them.

And if you don’t believe in your own ability to create the life you want, you can limit your own potential by choosing not to follow your dreams.

In an abundance mindset, you look for solutions that are out of the box. You take risks and think big because you believe that anything is possible!

Focuses on costs vs. focuses on results

The scarcity mindset is all about focusing on costs and results in a zero-sum game where there are only so many resources and only so much can be accomplished.

The abundance mindset, on the other hand, is all about seeing the world as full of possibilities with no limits on what amazing outcomes and results can be achieved. The power of mindset can change so much!

8 Key tips to help you create a mindset of finance abundance

Many of us think that we’ll never have enough money, and so we live our whole lives in fear of the future. And because we don’t believe it’s possible to succeed financially, we never even dare to try.

But if you begin to develop a financial abundance mindset and start to understand the financial abundance meaning, you’ll start to see that there is actually enough money in the world for everyone.

You’ll also realize that not only can you avoid living a wasted life, but you are worthy of living an abundant life just as much as anyone else. Essentially, it’s a mindset of possibility and opportunity! (Be sure to check out our list of best books about money mindset!).

Here are 8 ideas to help you change your mindset about finances:

1. Eliminate your negative beliefs about money

If you want to achieve success in your finances, you need to eliminate your money blocks and negative beliefs about money. Start viewing money as a tool and something that can help you create the life you want.

When you change your mindset about money, you open yourself up to new possibilities and allow yourself to see all the wonderful things that money can do for you.

So, how do you go about changing your mindset? Start by recognizing your limiting beliefs about money.

Then challenge your negative beliefs. For example, ask yourself why you believe that money is the root of all evil or that money is only for greedy people.

What evidence do you have to support this belief? Is there another way of looking at it? Once you have challenged your negative beliefs, focus on the positive aspects of money.

For instance, what can money do for you? And how can it help you achieve your goals?

Here are some common negative beliefs about money that could be stopping you from achieving financial abundance:

• Rich people are greedy and corrupt.
• I’ll never be rich enough.
• It’s impossible to make money in today’s economy.
• You have to be born into wealth to succeed financially.
• Money can’t buy happiness.
• You need a lot of money to start investing.
• You can only make money through risky investments.
• It’s impossible to get ahead without working hard.
• Financial security is a myth.

Once you know what your negative money beliefs are, start to remove them from your mindset.

2. Stop comparing yourself to others

Comparing yourself to others can be mentally exhausting and often makes you feel miserable about yourself. And yet we do it all the time without even realizing that this bad habit is robbing us of our peace of mind.

Comparison can make us feel negative emotions such as envy, isolation, or a lack of confidence, which can force us into a mindset where only lack exists. The more we compare ourselves to others, the less room we have for original thought.

And without original thought, we can’t create freely. Financial abundance requires creativity, and so does anything else worth achieving in life. So never compare yourself to others and start taking inspired action instead.

3. Develop a growth mindset

Having a growth mindset means that you believe intelligence and abilities can be developed through dedication and hard work.

When you have this type of mindset, you will always be learning and expanding your horizons to search for opportunities to increase your wealth.

Also, a self growth plan and growth mindset are important to keep you motivated even in tough situations. Since you believe that you’re capable of achieving anything you set your mind to, you won’t give up as easily as those with a fixed mindset.

4. Recognize the power of your thoughts

The thoughts you entertain on a regular basis play a significant role in how successful you are financially. If you want to achieve abundance, you need to recognize the power of your thoughts and take steps to align them with your financial goals.

Your thoughts create your reality! Think about this.

If you tell yourself that you’re a failure every single day, would you be motivated or inspired to take action and change your life? Probably not. What you think influences the way you feel and the way you act.

So if you think about money problems all the time, that’s what you’ll experience. But if you focus on the positive aspects of wealth and abundance, you’ll find it easier to manifest those things in your life, especially if you use the best manifestation methods.

5. Use financial abundance affirmations

Financial abundance affirmations can help you achieve your financial goals by changing and eliminating your negative mindset about money. When you start to think positively about money and wealth, you will be more likely to take actions that lead to financial success.

So if you are having trouble maintaining a positive attitude about money, try repeating financial abundance affirmations every day.

For instance, instead of saying, “I am broke,” you would say, “I have an abundance of money!”

You might be surprised how your whole financial situation could transform just by shifting your mindset! Check out our post on 55 Financial Affirmations to get you started!

Here are some positive affirmations about money that you can use every day:

• I have all the money I need, and I will continue to increase my income.
• I’m great at managing money.
• I will be a millionaire one day.

6. Express gratitude

Gratitude is one of the keys to unlocking your full potential for wealth and happiness. When you’re grateful, it’s easier to stay positive and enjoy what you have now as opposed to focusing on what you don’t have.

When you wake up in the morning, take a few minutes to think about all of the abundance in your life and be thankful for it. Or try out the 30 days of gratitude challenge.

You can even write down a list of things you’re grateful for in the notes section of your phone or in your diary. Here’s what it could look like:

I’m thankful for:

• The fact that I have a roof over my head.
• All of my family and friends continue to love and support me each day.
• The money in my bank account that’ll help me buy groceries this month.
• My healthy body.
• The beautiful view from my balcony.
• The clothes on my body keep me warm each day.
• My comfortable bed.
• The fact that I’m still alive and breathing!

7. Realize your current financial situation is temporary

If you try to think about your current financial situation as temporary, you may be able to stay motivated and achieve financial abundance in the future. Why? Because once you see your present difficulties as transient instead of permanent, they won’t seem so daunting.

Then, maybe change isn’t so difficult or impossible after all. A shift in perspective could also help you find some peace with your current circumstances by reminding yourself that there is a light at the end of the tunnel and that you will get through this.

8. Give back to the community

When it comes to developing a financial abundance mindset, one of the most important things you can do is give back and find nice things to do for people. Giving back doesn’t just help others, it also helps you to develop a more positive attitude towards money and wealth.

It teaches you to be grateful for what you have and to think beyond yourself. When you’re focused on what’s important, it becomes easier to let go of negative thoughts and emotions that can block your ability to achieve financial or money abundance.

Expert tip: Surround yourself with people who think positively

If you really want to change your financial mindset for the better, then make it a point to spend time with people who will encourage you with your goals. Positive thinkers and people who are financially successful themselves can help you a lot!

Learn from them, ask questions, and talk about your ideas. You’ll feel more connected and it helps when others are cheering you on.

How do you get financial abundance?

In order to get financial abundance, it’s important to start with your mindset. You must believe that you will succeed and that you can become wealthy and achieve your goals.

But beyond mindset, it’s important to also make a plan and get to work. Whether that means working extra hours, looking for a new job, or learning about investing, making these changes and starting your financial planning process will help shift your perspective.

What does financial abundance feel like?

Financial abundance feels like having all you need and knowing that you’ll have the money and resources you need in the future. You also feel thankful for the many blessings you have. This drives contentment. (A daily gratitude list can help with this!)

It means that you feel a sense of peace about your finances, and you know that your goals are not only possible but will become your reality.

Is abundance the same as wealth?

No, abundance is not the same as wealth. Wealth means having a lot of resources and money. Abundance means you have what is needed and more, but it is more of a mental state that goes beyond just money.

While wealth can refer specifically to money, abundance is more focused on gratitude and understanding that whatever you need financially and in your life will be made available to you.

What is the mantra for financial abundance?

There isn’t only one mantra for financial abundance. Rather, there are many, and you can choose whichever ones resonate the most with you.

You might start off using some of our mentioned affirmations to help you get to the right money mindset. But you can also come up with your own that are specific to your goals.

For example, “I will make a six-figure salary in the next year” or “I have plenty of money for all of my financial needs.”

Articles related to financial abundance

If you enjoyed reading about how to embrace abundance in your life, then you’re going to love these posts!

• The Power Of Mindset And How To Leverage It For Success
• Scarcity Vs Abundance: Do You Have A Scarcity Mindset?
• 50 Morning Affirmations To Change Your Life!
• 6 Money Mindset Exercises To Try Today

Create a mindset of financial abundance!

Mindset is everything, especially when it comes to financial abundance. If you want to achieve success in any aspect of your life, you have to start off by believing that you can!

Once you see that it’s possible for you to have what you want in life, you’ll become motivated to bring that vision into your reality. This is why knowing how to make a vision board and saying financial abundance affirmations work so well for many of us.

So if you’re not currently seeing success in your financial life, it might be helpful to work on the way you think about money. By developing a financial abundance mindset, you can open up your heart and mind to new possibilities that’ll allow you to finally achieve your financial goals.

The post How To Create A Mindset Of Financial Abundance appeared first on Clever Girl Finance.

How many times have you heard that hard work is the key to success? Probably a lot, and it’s true! Hard work is key to success, and it’s for a variety of different reasons.

But before we dive into our reasons why being hardworking is the key to success, let’s talk about why it matters!

Why does working hard even matter?

Well, simply said, hard work leads to success. I’m living proof of that.

Several years ago, I knew I needed to make a change that would require me to work harder than I had ever before. I wanted to move back into management in the nonprofit sector.

One of the issues I was coming across in my career change was not having a bachelor’s degree. I had an associate’s, which was great for where I was but not the next step.

For the next two years, I dedicated myself to getting my bachelor’s while continuing to work full time. It was HARD. I worked from 7 am to 4 pm as a teacher then went to class every weeknight from 6 pm to 9 pm.

I did my homework when I could during breaks and I leveraged time blocks. On Saturdays, I would write an essay instead of hanging out with friends. And on Sundays, I spent the whole day catching up on sleep and prepping for the week ahead.

During those two years, people knew me as a hard worker. I had to be in order to be committed and dedicated for two years!

As a result of my reputation, several job offers found their way to me post-graduation. Because of this experience and others, I believe that hard work is key to success.

5 Reasons why being hardworking is the key to success!

I already shared my story with you and now I’m going to share why hard work is the key to success and how it can pay off in your own life.

Not only will hard work get you appreciation from others and more opportunities, but there is also a lot of personal growth that results from it. Here are the reasons why you should work hard!

1. Hard work motivates and rewards you

Being a hard worker is rewarding. When we work hard, we can see our success and achievements. And the whole process of hard work can be a reward in itself that can help you become a better person and keep you moving in the right direction.

Success isn’t everything, but seeing how far you’ve come is motivating. Especially with big projects such as going back to school or working hard to snag a promotion at work.

2. Hard work shows you are dependable

Another reason why being hardworking is the key to success is because it shows you are dependable. When you’re someone people can count on, people will keep you in mind. After all, why not?

People will start to talk when you’re known for working hard in your field. At the workplace, people might start asking you to be on their team or want your help to oversee any projects they may need assistance with.

If you own your own business, your products, and/or services could become the first choice for your customers because of your dependability.

People want someone who’s going to get things done on their side, and based on your hard work, they’ll know who to call. People wanting to work with you is an excellent example of how hard work leads to success!

3. Hard work shows commitment

For myself, when I decide on a path for myself and work hard to get there, I’m committed to that goal. This means I might have to say no to anything that comes up that does not align with my purpose or path.

Saying no to things that don’t serve you and staying focused while working hard shows commitment. Your commitment is what is going to help you succeed in the workplace and/or in business.

Choosing to be dedicated to your work can have both financial and career benefits, so it is worth it.

4. It helps you develop self-discipline

Hard work means that you are able to develop your self-discipline over time. Procrastination can set you up for failure when trying to achieve the simplest tasks.

Giving in to distractions can lead to idleness, but the opposite is true, also. When you are focused on being a good worker self-discipline will follow. It’s another reason why hard work is key to success!

And in addition to discipline, you can gain other good qualities such as patience and persistence. The character quality of self-discipline can also be useful for sticking to your financial and personal goals.

Be sure to check out our list of best books on self-discipline!

5. The harder you work, the quicker you get ahead

You already know by now that hard work pays off. The harder you work, the faster you get the results you want. But working hard doesn’t always mean that you’ll be able to get everything you want on the first or even second try.

You have to be patient and trust that hard work leads to success. What you put in now will get you ahead later.

Expert tip

Hard work matters but it’s also important to work smart! I’m a big fan of working smart, because that way I’m not wasting time, I’m able to identify opportunities and can effectively take action toward my success.

5 Key tips to embrace hard work because hard work is the key to success

Now that you know why hard work is key to success, here are some tips for working smarter, not harder.

1. Keep a log of your accomplishments to keep you motivated

I have ADHD, but even without a disability, it’s hard to remember everything you do so that you can be acknowledged for it later on via a promotion or raise.

By printing out emails as they come in or jotting down the results of projects or even compliments you receive you can create documentation of all of your accomplishments.

For me, having all of my achievements at hand made it that much easier to go back to my boss to ask for a promotion when I felt I had earned it.

A hardworking person can earn more money or move up in their career as a result of preparation and strategic actions like logging their accomplishments.

2. Post professional updates on social media

Sometimes your hard work leads to success but other times may go unnoticed. While that can be frustrating, know that you can fix that by sharing your accomplishments on social media.

LinkedIn is an excellent professional tool that’s free. So if you aren’t already utilizing it to its full potential, we have a Clever Girl Finance LinkedIn Course that’s completely FREE and can help.

By sharing your professional updates on a consistent basis with your network, people will keep you in mind the next time an opportunity with your name on it presents itself.

Plus you’ll gain momentum to continue as you see your accomplishments growing, proving that being hardworking is the key to success.

3. Set SMART Goals

Commitment is an excellent characteristic for anyone, but it’s easy to commit to the wrong thing if you don’t know where you’re going. Having goals can help you not only make new things into habits but also keep you focused.

Consider setting SMART Goals based on your to-do’s to get you further with your career and finances. SMART goals are Specific, Measurable, Achievable, Relevant, and Time-Bound.

When you know how to set the right goals, you’ll know what to focus on with laser precision and you’ll achieve them much faster. Hard work is key to success, especially when you focus on what you want to accomplish.

4. Gamify your results and treat yourself

Maybe it’s the ADHD I mentioned above, but one of the ways I’m able to hit my commitment goals is to make them into a game with a fun reward at the end. For me, it’s hard sometimes knowing that I have to do something repetitive, like working out.

I know I should work out and that it’s good for me. But having to do it week in and week out sometimes gets overwhelming. And that can be with anything you need to commit to and work hard on.

But making your goals into a game may give you a greater degree of satisfaction when you do well and help you get rid of bad habits and replace them with better ones.

So break down your commitment into smaller, more manageable steps, and then treat yourself at the end. For example, if I need to work out four times a week, I will give myself $10 extra spending money to have fun. How else am I going to fund my gardening hobby?!

5. Plan out your schedule and utilize time management

I mentioned above that I’m able to stay committed by “gamifying” my results, but my other secret to getting ahead with hard work? A good old-fashioned paper planner!

When you’re working hard, it’s hard to balance everything and even harder to keep track. Time is limited, which is why time management is your friend, and many successful individuals operate this way.

Make a list of everything that you need to do every week. Then sit with your planner and figure out how you’re going to schedule your week.

Only when we see our week in advance can we plan properly. You can also take advantage of time blocking to make sure you get things done.

By using a planner, you can manage your time to get ahead quicker while still taking time for yourself and other important things when they come your way.

Who said, “Hard work is the key to success”?

“Hard work is the key to success” is quite a popular saying that doesn’t have just one source. It is commonly attributed to Vince Lombardi, and John Carmack, amongst others.

What are the key points for hard work?

When it comes to hard work, the key is to have a vision, create specific goals to get there, and then take intentional ongoing action to make progress.

Setbacks are inevitable but as long as you pick yourself back up and consistently keep doing what you need to, even if it means stepping out of your comfort zone, success is inevitable.

Articles related to achieving success

If you enjoyed this article on how to achieve success, check out this related content:

• How To Keep A Commitment To Yourself To Achieve Your Goals
• I Am Broke! 10 Reasons Why And How To Do Better
• Women & Money Survey: The State of Our Finances
• 7 Simple Habits To Improve Your Self-Discipline
• 17 Best Books On Self Discipline

In the end, hard work is key to success!

When you’re a disciplined person, people know it. No one will ever question what you do because they know you are reliable, dependable, and committed. Plus your hard work will pay off in dividends as you start to see results in achieving the goals you have set for your life.

Being hardworking is the key to success, so don’t feel that it’s a waste of time. You can work hard by practicing perseverance, sharing your success stories, and continuing to avoid laziness. Keep your eyes on the prize and keep striving!

The post 5 Reasons Why Hard Work Is Key To Success! appeared first on Clever Girl Finance.

Money mindset exercises are a must when you’re setting up financial goals because, without the right mindset, it’s near impossible to make positive changes in your life. Regardless of where you are on your financial journey, these practices help you stay motivated. Let’s keep you on track and ready to achieve your goals with abundance mindset exercises!

What are money mindset exercises?

Money mindset exercises are practices that you do to change how you think about money and wealth. Because your perception of money impacts the way you earn, save, and spend it. All of which affect how you manage your finances and build wealth.

Since childhood, you were surrounded by beliefs, judgments, and ideas about money. Not to mention that your own experiences with money influenced how you view it too.

Whether you consciously think about your understanding of money or not, you carry these notions and judgments with you. And they show up in how you manage your finances.

Abundance mindset exercises help you discover and examine your beliefs about money. Then, you can look closely at the ways you earn, save, and spend your dollars to see how these beliefs are driving your actions.

Why do you need to do money mindset exercises?

You can learn to think differently about finances by changing your mindset. Rewiring the brain is a fascinating process called neuroplasticity. Basically, it’s using attitudes of mindfulness to redirect thoughts and change habits.

Financial mindset exercises help you become aware of your thoughts and redirect them. When you practice mindfulness and change your habits, you use new parts of the brain. That’s when the rewiring happens, and you create new pathways in your brain.

The task of building wealth is a long and winding road, especially if you grew up without money and are a member of a marginalized community. These mindset exercises can help you stay motivated. Because a huge part of the challenge is staying in the right abundance mindset.

Money mindset exercises to try

Money is a tool that humans created to make exchanging goods and services easier. But because we need it to survive and thrive, we’ve attached emotions and beliefs to it.

Unfortunately, those emotions and beliefs tend to run the show, whether we are conscious of them or not. The good news is you can redirect your thoughts with abundance mindset exercises. Check them out!

1. Look to the past

Being aware of what you tell yourself about money is a great start. Once you get those thoughts out, you can use money mindset exercises to shift them to the positive.

Start journaling to find out what you truly think about money. If you’re having difficulties identifying your limiting beliefs about money, remember they came from somewhere.

So, thinking about where you got them from is also a good place to start. Did they come from the way your family talked about money, teachings from church, or your own experiences?

Similarly, think about times when you felt shame, guilt, or disappointment around money. When do these feelings show up in your adult life?

For instance, do you feel guilty wanting more money – getting a big promotion or making more money in your business? Why?

When you’ve gotten your thoughts down on paper, it will be easier to see what you need to change.

2. Examine your current money situation

The challenge of financial mindset exercises is that you can only see if they’re working if you’re also taking action. That being said, you cannot improve a situation if you don’t know what’s going on.

If you’ve been avoiding looking at your credit card statements or bank accounts, now is the time to do that.

Likewise, you can’t create a budget that will work for you if you don’t know how much money you’re earning or spending.

For that, you may want to start a spending journal. The goal of which is to help you identify your spending habits and where your money is going. A spending diary will also show you where you can improve.

Basically, you need to look over your finances and see what is going well and what needs improvement. This may include habits for saving, spending, investing, or a combination.

3. Practice compassion for yourself

Since money is a huge part of our survival, we see every financial mistake as wasting money. Although that may be true in some situations, that’s not always the case.

Some mistakes are necessary for us to learn lessons and grow as a person. So if you’ve been berating yourself for past money mistakes, it’s time to stop (and maybe try some confidence building exercises to help)!

Forgive yourself and shift to money mindset exercises instead. Four ways to practice self-compassion are to take care of your body, write down your feelings, be positive towards yourself, and add mindfulness to your life.

4. Be grounded in gratitude

When you’re grounded in gratitude, you’re saying that you’re content with life. But you’re also happily anticipating more good things to come. That’s why it’s one of the best abundance mindset exercises.

Oftentimes, we only feel grateful when we get the big goals we’ve been working on, like a promotion, a new car, or a house. Of course, there’s nothing wrong with celebrating the big wins.

But those can be few and far between. It’s also unsustainable to keep chasing success and material satisfaction to feel grateful.

Practice money mindset exercises by being grateful for the small things every day. When you start with the small things as part of your daily gratitude list, you’ll always have something to be thankful for.

Be grateful you opened your eyes as you get out of bed. Be grateful you have running water as you take a shower or brush your teeth. Find more ways to be grateful in our 30 days of gratitude challenge!

5. Make a list of how you want money to show up in your life

Make a list of the things that make you happy and light your soul on fire. It doesn’t matter if you think they’re outrageous, and they’re never going to happen in a million years. Write down everything you would like to have and experience if money is no object.

Then, make another list of practical financial goals you want to achieve in the next 30 days, 3 months, and 3 years. Maybe you want to build up your emergency fund or start sinking funds for a family vacation or purchase.

Make a plan for each of your goals. Figure out how much money you need to save and how much you can truly afford to put away each month. Update your plan each month to check on your progress.

How about the first list you made? Pick one and make it your big hairy audacious goal.

6. Keep showing up for yourself

One of the most effective money mindset exercises is showing up for yourself relentlessly.

This happens when you read abundance mindset books and learn about how to invest for your financial future. Or, if you’ve been dealing with chronic debt, showing up for yourself is getting help to tackle your debts once and for all.

Showing up for yourself may not be the same every day. But you do it when you journal, meditate, and say positive money affirmations.

Listen to personal finance podcasts, read blogs, and watch YouTube channels to learn how to stay positive in a negative world. Call your bank to negotiate your interests or join a savings challenge.

No one can do this for you. So, show up for yourself every day, tirelessly.

Expert tip: Become conscious of your thinking

Having the right money mindset is all about being conscious of your thinking and choices. In addition to learning from your past and present money situations, you also need to balance this with compassion for yourself and an understanding of where you want to be in the future.

Money mindset questions to ask yourself

Being intentional with your thoughts means knowing what they are and where you got them from. So, here are some money mindset questions to ask yourself to figure out your beliefs about money and wealth.

How was money talked about in your family?

The way you think about money and react to it can be tracked all the way from childhood. Be patient with yourself if you can’t remember much. Answer these additional questions to get started.

Did your parents talk openly about money? What feelings did they express in these conversations – anxiety, anger, excitement, etc?

If your family didn’t talk about money, how do you feel about discussing your finances as an adult? In your life now, can you see similarities in how you feel, talk, and handle money the way your family did?

What are your experiences with money?

Needless to say, your experiences with money impact how you manage it today.

For instance, if you never got what you wanted as a kid, you may be the adult with money spending problems who spends everything you earn. It’s as if you’re trying to make up for all the times you didn’t get what you asked for.

As you look back and try to connect your money habits to your past, you will not always get such a clear-cut explanation. But spend time thinking about it and see what comes up.

What common beliefs about money have you heard a lot about growing up?

Perhaps you’ve heard, “Money is the root of all evil,” or “Money doesn’t grow on trees,” or “You have to sacrifice to make money,” etc. Are these phrases familiar?

You’ve probably heard them before, along with; “to serve God means you can’t want more money,” “the only way to make lots of money is to go to college and have a secure job,” or “you can’t make money doing what you love.”

Which ones of these are you subscribing to? Have you thought about whether they’re true or not?

Find out what money myths you believe and explore some common beliefs about money that may be harmful to your financial well-being.

How do you view poor people?

Continue your exploration by considering what you think about poor people.

Some common views about poor people are they’re bad with money or have bad money habits, they’re not trying hard enough, and they just want a handout.

Do you share the same opinions? If you experienced poverty, do these ideas align with your experience?

How do you view rich people?

It’s fascinating how the poor and rich are represented if you think about it. Because the rich aren’t described favorably either. Some popular views about rich people include they’re greedy, they don’t work hard, and they just got lucky.

The thing is, would you be excited to work towards your goal of being financially sound if you see rich people as selfish, entitled, and demanding?

Some of us have judgments and beliefs about money that we’re not even aware of. And doing money mindset exercises helps you uncover these narratives that may be holding you back from achieving your financial goals.

What do you actually believe about money?

Some of the beliefs we hold onto from childhood and painful money experiences may not be rational. But they drive the way we earn, save, and spend money nonetheless.

Look at your answers to the money mindset questions and relate your answers to your financial situation now. Can you spot patterns in your life, such as you can’t get out of debt?

Take some time to identify money values that you agree with consciously but you do the opposite of in your life.

For instance, do you spend all your money as soon as you get it, even though you want to save? Or maybe it’s the opposite – you restrict yourself from spending on luxuries and necessities even if you can afford them.

Identifying your actions and beliefs can help you to align them in your life.

What is the best type of money mindset?

The best type of money mindset is one that allows you to continually grow and improve. Rather than staying stuck with negative beliefs, you can constantly try to make your mindset align with what you truly think.

How do you instantly make your mindset better regarding money?

A great way to instantly improve your mindset is to believe that no matter how far you have to go, you are capable of achieving your money dreams. Even if your finances don’t look the way you want, keep telling yourself that you will find a way to change it, and then look for ways to do just that!

How do you continually practice an abundance mindset?

Whenever you catch yourself repeatedly thinking negative things about money, remind yourself of something positive instead. For example, instead of worrying about debt, be proud that you made a budget this month.

More money mindset articles

If you liked reading about money mindsets, check out these articles next:

• 11 Key ways to improve your money mindset
• How to use money journaling: Improve your mindset and your finances
• How to stop worrying about money
• Rich mindset vs. poor mindset: How to develop a rich mindset!

Money mindset exercises can improve your finances and life!

Changing the way you think about money for the better can only help you. In fact, it may help you build wealth for yourself and generational wealth for your family!

Whether you start with answering money mindset questions or looking for ways to think more positively, do one of the money mindset exercises today! And then, do them again and again and again until it’s easy to believe that you’ll achieve financial wellness. Cheering you on!

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