Humphrey Yang, investor 11 money habits keeping YOU poor.
If you transform your financial mindset can you secure a better future?
"Deciding to" rather than "wanting to" change your finances is one of the first steps in shifting your mindset. A growth mindset means that you think with abundance and not with scarcity.
If you're hoping to avoid financial regrets later on, remember that no step is too small. You don’t have to wait for the economy to work in your favor to build wealth.
fixed mindset vs. growth mindset
Someone with a fixed mindset about money likely believes they have little to no control over their financial outcomes. That they may work as hard as they physically can and make different choices throughout the day - but in the end, nothing will change.
On the other hand, someone with a growth mindset leans into optimism; they see themselves as Player 1 in their story who has the power to shift and alter their current state of their finances. They seize opportunities and continuously learn how to make small improvements and adjustments everyday, and focus on those small but significant successes.
Can you guess which mindset is closely correlated with financial resilience, wealth accumulation, and reduced financial stress? 🙃 You got it— the growth mindset!
Listen, it’s fair and valid to feel disillusioned, but apathy gives any current barriers you are facing even more power to harm your finances.
The most important thing is to get into the habit and give yourself time to make progress. Check out influencer/investor Humphrey Yang's full list of 11 Money Habits to get more clarity, and 26 year old Lina Lecompte's simple tracking tool to hit it today!
When it comes to looking at your finances with a growth mindset, you need to establish your money end-game. Once you set a goal and achieve even small successes, you'll find the motivation to persist and continue.
So, what’s the story behind your money mindset? And what beliefs might be holding you back from financial resilience and peace?
I'm eager to hear from you—reach out and share your thoughts! 🤗
Kate and The Bright Side team
