Healthy relationships don’t create themselves.
Whether you’re considering a relationship with family, friends, or partners, you have to maintain it through consistency and effort—and the same is true of your money. Working toward better money management can feel like a constant struggle, but the right mindset can help you make the change.
That’s where Sean Croxton can help. As an author, entrepreneur, prosperity teacher, and creator of the 8-week Money Mind Academy course designed to change your relationship with money, he’s shared some of his best tips for shifting your approach to money management, including the critical guidelines below:
Understand How Your Mind Is Programmed
As we grow, we’re exposed to different perspectives on money—and some of those perspectives stick.
Maybe you come from a background where money was scarce, and finances became the source of parental arguments and family stress. Maybe you were raised to believe that money is the root of all evil, and that rich people are greedy and miserable. These beliefs can become ingrained into the mind from a young age, and we may not necessarily stop and reconsider them, even when we’re older.
However, Sean explains that these subconscious beliefs can affect our money management strategies and goals, even much later in life. For example, when you set a goal to earn more money, your fear-based subconscious might sabotage your efforts, worrying that people will consider you rich and greedy, or that the added money will cause family stress and strain. As a result, it’s critical to think about how you perceive money as a concept while you work on improving your relationship with it.
Focus on Shifting Self-Image First
As you consider your personal financial planning, you’re probably working with tips from big-name experts in the world of money and entrepreneurship, people like Dave Ramsey or Robert Kiyosaki. These experts will help with what Sean calls the “doing” part of money management—but not the “being” part.
For most of us, it’s impossible to focus on the practical, “what to do” parts of money management without improving our relationship with ourselves. Becoming who we want to be and understanding who we are is what helps us to later “do” the things that lead to financial success.
Working to understand your mindset when it comes to money can help you identify the fears that are holding you back from your goals—especially if you’ve found yourself falling short of them time and time again. And if you’re on the entrepreneur journey, this is a lesson you can’t afford to pass up. Start with these tips to take your first steps toward better personal financial planning and a healthier money mindset.
To hear more of Sean’s insights on money management, the entrepreneurial mindset and personal development, click here!