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How To Master Your Money Mindset


What Is A "Money Mindset"?

For years, I've written and spoken about the importance of being aware of and understanding your money mindset because your money thoughts create your money results.  Check out my latest podcast interview with Christie Ruffino!


Your money mindset is made up of sub-conscious beliefs about money in general, and your personal finances in particular. They impact how you make financial decisions every day, and the action you take that creates your current results.  To get the results you want, it's very important to recognize if your thoughts and attitude towards money is positive or negative.  

How To Change Your Money Mindset

Ever notice we don't have to work at thinking negatively?  That's because we're hard-wired to focus on the negative.  Developing a positive attitude takes work!

According to The National Science Foundation, our brains produce as many as 50,000 thoughts per day.  Of those 50,000 thoughts, 80% are negative.  And, we ruminate on 95% of our thoughts unconsciously.  For instance, if you have a personal history with money that's negative, you're probably dwelling on those memories and creating a negative money mindset.  My friend Erin Botsford calls this "stinkin' thinkin'"!

To change your money mindset, change your thoughts about money.  In other words, get your "itty bitty committee" - those voices in your head - to work in your favor. Dr. Daniel Amen refers to the "itty bitty committee" as "ANT's" - automatic negative thoughts.

Find Your Money Mindset

To determine if your money mindset is positive or negative, check in with yourself.  What happens when you think about money?  Do you feel stressed, or calm?  Does it cause feelings of lack, or abundance?  For example, if you think about saving money, is your first thought "I live paycheck to paycheck"?  Check in with your results.  Are you either on track or where you want to be financially?  If your mindset is negative, or has room for improvement, you're not alone.  If you'd like to take a deeper dive into understanding your money mindset, take The Money Archetype Quiz.  You will learn more about the archetype that is running the show, making it easier to re-write your money script. 

Where To Find Help

Coping with money issues, both practically and psychologically, is a huge challenge for millions of people. The Money Coaching Institute is a nationally recognized training center for coaches that want to help people create more purposeful and prosperous lives through education, awareness and empowerment.  The Money Coaching process helps people solve common problems associated with money choices, patterns, and the day-to-day management of money mindset issues. 

People often have unconscious patterns, beliefs and behaviors around money that prevent them from fully experiencing their true potential and purpose. Money Coaching assists individuals in identifying and moving beyond their limiting beliefs. This can result in much greater personal satisfaction, increased abundance, and enhanced success in life. 

My Personal Money Coaching Experience

When I went through the training to become a Certified Money Coach, I learned things about myself that changed my life. For instance, I connected the dots to why some people (even in the same family) succeed naturally, while others constantly struggle.  By going through the training, I discovered my limiting beliefs around money.  For instance, once I became conscious of my negative thoughts, I learned how to reverse them.   And, my life changed for the better.  It is one of the reasons I am so passionate about helping others discover their automatic money patterns, beliefs and behaviors.  I learned that to be successful, your focus needs to be on developing a positive money mindset.

When you reach a heightened level of awareness of the gap between where you are and where you want to be, you will be ready to transform your life and experience the big, bold life of your dreams.


About the author 

Therese Nicklas

Therese Nicklas is a CERTIFIED FINANCIAL PLANNER™, Certified Money Coach(CMC)®, and Certified Success Principles™ Coach. She specializes in helping executive women who are at a crossroads and feel uncertain about their next steps. By empowering them with smart money strategies, they learn how to build their new big, bold life with certainty, clarity, and confidence. She is passionate about inspiring women to design a fulfilled, intentional life. “True wealth – true financial freedom – is being free to focus on the things that matter most to you – what money can’t buy.” Her motto – “live your life by design and not by default”.

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