Think money mantras, not money mattress

This year has left many of us in an uncertain position. The aftermath of a global pandemic had very real consequences for many of the world’s citizens – consequences that they will have to face long after this tumultuous year has come to an end. You probably know someone who has a family and lost their job, or who is neck-deep in debt with little means of settling it. Some of us seemed to come out on the other side unscathed, but emotionally and mentally we’re weary, paranoid and, now more than ever, fear life’s unpredictability.

No good comes from a money mattress

Money is usually at the forefront of our concern. We fear everything from possible retrenchment to not saving enough to get our kids through school. Whatever your most internal financial fear may be, it’s best to acknowledge that it’s there, but then to find ways of changing your fate. It may be time to change the way you think about money – your money mindset. It may also be time to re-evaluate your financial context and decide to upgrade it. Now is not the time to place your money under your proverbial mattress. Instead, it’s time to change. You can start by adopting powerful money mantras that will get you to think differently about your financial situation.

In his book Destination Wealth, author and Certified Financial Planner Dave Fisher encourages you to change your mind about money: “If you’re not happy with the way things are, it’s time to make a change. We can start to change our context simply by changing what we say to ourselves”.

Think about how you think about money

Mahatma Ghandi shared that “your beliefs become your thoughts, your thoughts become your words, your words become your actions, your actions become your habits, your habits become your values, your values become your destiny”. This rings true when it comes to our beliefs about money. Our core beliefs drive us to think a certain way that is not always conducive to financial health and wealth creation. Read our article about self-limiting money beliefs and how to change them.

It’s time to think about how we think about money. We often find ourselves repeating negative self-talk, and revelling in thoughts that weigh us down rather than uplift us. We are so programmed to have a glass-half-empty mentality that we tend to forget that we have the power to change our thought process.

Break free from your negative money beliefs

A study conducted by Dr. Brad Klontz and Dr. Sonya Britt, from the Kansas State University, identified four core money beliefs, including money avoidance, money status, money worship and money vigilance. Three of these beliefs were linked to potentially destructive financial behaviours: money avoidance, money status and money worship. Money avoidance enforces the belief that ‘money is the root of all evil’. This belief encourages contempt towards having money. Money worship promotes the idea that money is the source of all happiness. This belief drives the thought that ‘things will get better in life if I just had more money’. For the money worshipper, there will never be enough. The belief of money status links people’s self-worth to how much money they have. Money is a sign of success, which encourages a wealth smokescreen, where these people’s lifestyles are situated well beyond their means.

Though our money mindsets and financial contexts can be generational, they can also be changed. Upon doing some introspection, you may find that your beliefs align with the three beliefs that may cause you to self-sabotage your financial wellness. As Dave mentions upon unpacking our financial context and how we think about money, “Be mindful about what you believe. Then choose new beliefs about yourself and about money.”

Fuel your money mindset with powerful money mantras

Swap negative, self-limiting beliefs, that you all too often recite to yourself, with these positive affirmations, as quoted from Destination Wealth:

1. “I live in a universe of abundance.”

Money mantras: I live in a universe of abundance.

What not to say: “I never have enough money”.

2. “I’m a magnet for success and good fortune”

Money mantras: I'm a magnet for success and good fortune.

What not to say: “I will fail at this” or “I will probably lose more than I gain”.

3. “I’m grateful. I celebrate every day”

Money mantras: I'm grateful. I celebrate every day.

What not to say: “I have a lot to worry about” or “I wish I could stay in bed all day”.

4. “I deserve to have abundance and prosperity”

Money mantras: I deserve to have abundance and prosperity.

What not to say: “I don’t deserve any better”.

5. “Wealth is a mindset. I’m gifted with an abundance mindset”

Money mantras: Wealth is a mindset.

What not to say: “I struggle financially and will never get out of this hole”.

6. “I’m consciously happy and positive about money”

Money mantras: I'm consciously happy and positive about money.

What not to say: “I’m anxious and always worried about money”.

7. “I’m able to add value and bless others”

Money mantras: I'm able to add value and bless others.

What not to say: “I’m not good enough and have little to contribute”.  

To exercise control in your thinking and not succumb to your negative inner voice takes mindfulness, discipline and commitment. By putting your money mantras on repeat you will reinforce your new, positive beliefs. In the beginning, it takes conscious work to reprogram your mindset, but soon your positivity and power will overcome intrinsic negativity and cynicism, and possessing an ‘abundance mindset’ will be your new normal. As Dave puts it, “the decision to change your financial context is a decision to reprogram your mindset. New input, new output. Affirmations of abundance can result in a life of abundance.”

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