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Have you read any books about money mindset lately?

They have the power to unblock you so that you can become financially free.

I started reading these books a few years ago (Secrets of the Millionaire Mind was my cherry-pop!) because I realised that otherwise money would just keep going through my fingers, because I wasn’t paying it enough focus, attention and respect. Looking at your financial blueprint is a pretty interesting exercise, I have modeled my parents financially up until now (more mum than dad) and when you run the finances for your family, that’s a lot of bad habits to break or the knock-on effects for you and your future will be huge!

Jen Sincero

Up until a few years ago, Jen Sincero, author of “You Are a Badass at Making Money,” would have agreed that she was the last person you should go to for money advice. As a 40-year-old freelance writer living in a converted garage and barely making enough money to scrape by, she wasn’t exactly the poster child for financial success.

However, that all changed once she finally decided to get serious about her financial situation, especially the way she thought about money and the way she dealt with it on a daily basis.

Fast forward to a few years later when Sincero became a New York Times-bestselling author and there’s no doubt that the changes she made have paid off in a big way.

To that end, I decided to see what financial lessons “You Are a Badass at Making Money,” Sincero’s second book, would provide.

Though this book is mostly about mastering your money mindset, there are a few practical tips that anyone can employ, no matter where you are on your financial journey.

1. Get Clear On Your Financial Goals

If you don’t have them already, Sincero says that you have to get clear on your financial goals before you can do anything else to grow your wealth. By that, she means so much more than just picking a number that would be nice to see in your bank account.

To her, setting financial goals means getting clear on why you want the money, what you intend to spend it on, and how great it will feel once you finally have it in your possession. The more specific you can get with these details, the better — like saving up for a down payment on a house, getting out of credit card debt, or taking that bucket-list vacation.

These goals are meant to give you something concrete to work towards and an incentive to keep making changes in your life, even when those changes feel uncomfortable.

Sincero is the first to admit that changing your money mindset is not easy, but she believes that when you have a few firm goals in mind — especially ones that you want more than the comfort of your old behavior patterns — you can overcome just about any obstacle.

2. Be Willing To Change

With that in mind, her next financial lesson is that, if you want to make more money than you’re making right now, you also have to be willing to make some changes in your life, particularly changes that will push you out of your comfort zone.

Sincero believes that we play a role in creating our current financial situations by following the same patterns of behavior over and over again. This could mean working at the same job for years on end without asking for a raise or continuously spending money on shopping sprees.

But, whatever your personal patterns are, she’s clear on the fact that you need to make the conscious decision to be willing to change your habits before you can actually set about altering them.

3. Take Decisive Action

Once you’ve set your goals and have come around to the idea that some of your habits need to change, the next step is taking decisive action.

Sincero recommends starting by creating a plan for how you intend to meet your goals and then breaking that plan down into bite-sized action steps. For example, taking a second job in the field where you want to start a new career or hiring someone under you to help you handle more business.

She also notes that you don’t have to have the whole plan figured out right away. In fact, in her mind, it’s better to stay open to different possibilities rather than get too laser-focused on following one path. But the key is that you start taking steps toward meeting your goals as soon as possible.

4. Invest in things that will help you grow financially

Sincero is a big believer that you have to spend money to make money. For her, these investments looked like hiring someone to do her website for her when she was first getting her editing business off the ground and signing up for a few different coaching services in order to push herself to take her business to the next level.

Though your investments may be different, she cautions against letting the fear of spending money hold you back from investing in something that will have a huge payoff down the road.

However, she does note that when you’re making a large investment, you need to be sure that you’re willing to do whatever it takes to make it worthwhile in the end.

5. Don't give up

Sincero’s last tip is simple: Don’t give up.

Again, she admits that the road to changing your financial situation is rarely ever simple. However, if you have the tenacity to keep trying and you stay focused on your goals, she believes that everyone has what it takes to create real and lasting change in their lives.

Some cool things about doing this work:

  • You start to understand your conscious and subconscious thoughts about money, and are able to rewire it.
  • We live in an abundant universe. You can plug in to this and see what turns up in your life!
  • We are all a work in progress. No one is every finished. At each new level there is a new devil to face.
  • Keep learning and implementing your learning each day – that is all part of the fun.
  • You get to invest in yourself and also to give back. And life is better that way!

A Final Thought

What we focus on expands, so by putting daily affirmations in, like I AM AN ABUNDANT BADASS AT MAKING MONEY, will not only make you smile when they pop up on your phone, but will also help to rewire your brain so that is the way you think, act and become.

Other things you can do include putting your financial priorities on your daily success list, journaling the bigger picture of what you’re creating in the next 3-5 years, and things will start to shift, at the same time as you continue to work on it.

If you’re resistant to talking or thinking about money, let it be a sign that you need to give it more attention and there is something you need to learn in this space.

Have you read any of these books? Have you money blocks that you’re working on? I’d love to hear about them!

Resources:

Nefe

I'm a accountant turned entrepreneur. I help high achieving women (like you) love their lives as much as they thought they would when they were kids. We focus on having a fulfilling career, creating more time, reducing stress, making more money, increasing self-confidence, building online businesses, and strengthening relationships. I'm designing my dream life, and my goal is to help you design yours.

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