Rewriting Your Money Story: 7 Ways to Shift From Scarcity to Abundance
Why is it that otherwise optimistic people struggle to achieve the financial freedom they so desire? When you hear the word “money” do you feel expansive and think of all the opportunities it can bring you? Or do you have associations of greed and out-of-touch billionaires?
Regardless of your overarching, conscious beliefs about money, most of us have subconscious beliefs holding us back from achieving more wealth. Maybe you don’t even realize that you think of money with feelings of guilt. Do you write off the lifestyle you desire as out of reach for you? Regardless of your income level or past spending habits, you have the potential to rewrite your money story. Let’s go over exactly how to shift from a scarcity to an abundance mindset.
Get Clear on Your Money Story
You can’t rewrite your money story if you don’t first know what your money story is. Become aware of your money beliefs growing up and your current relationship with money. This will allow you to enhance your money mindset, and therefore, your finances. Ask yourself how money makes you feel and get radically honest.
Growing up, did your parents tell you that you have to work hard for your money? Maybe you’ve heard things like, “money doesn’t grow on trees,” which cemented the idea that money is hard to come by. Does wanting more money inspire you to go after your dreams? Or do you feel shameful for desiring more money, knowing it “doesn’t buy happiness?” Regardless of your past or present relationship with money, know that you are capable of achieving the financial freedom you desire.
Acknowledge All the Positive Ways to Use Money
What is your initial reaction when you think of “rich people?” Do you envision people hoarding piles of money in their mansions? Or do you think of leaders changing the world? Whatever your feelings are toward money, you can’t deny that money accounts for a lot of good in the world.
Think of all the positive things you would do if you had all the money you desire. Would you start a business that positively impacts peoples’ lives? What charities would you donate to? Maybe you would start your own non-profit that supports a cause dear to your heart. Perhaps retiring your partner or your parents early or paying for your child’s education has always been your dream.
Let Go of All Money Beliefs That are Not Serving You
Now that you have some ideas rolling about what you would do with more money, let’s talk limiting beliefs. Rather than continuously focusing on all of the reasons you don’t think you can attain the level of wealth you desire, dig deep into what you believe and why. What’s standing between you and your income goals?
Once you are aware of any beliefs you have that are holding you back, you can begin to shift them. If you currently believe, “I’ll never be able to afford XYZ,” shift that belief to, “I have everything I desire.” Whether or not these affirmations are true yet, the key is to stay consistent in your thoughts and actions to truly shift your beliefs.
Practice Money-Related Gratitude and Visualization
Gratitude and visualization are important personal development tools that can be utilized for any and all areas of your life. When you are able to feel grateful for what you do have while also holding a clear vision of what you want, you align yourself with the frequency of abundance. The important part to note is that you can simultaneously be grateful for your current reality while also striving for more.
Maybe you don’t like the current house you live in. Rather than complaining to all of your friends about how much you hate your house, spend time each day feeling grateful for something about your house. You can be grateful for the shelter it provides or for the space you have to be with family. Challenge yourself to find gratitude in the things you wish to change, and spend time visualizing the blessings you would like next.
Surround Yourself with Abundant People
Abundance is not what’s in your bank account; abundance is a mindset. We’re not telling you to only hang around people if they are wealthy. But, if you find that the people in your life shoot down your goals or speak negatively about money, you owe it to yourself to call more abundance into your life.
Do you talk with your loved ones about the difference you want to make and the lifestyle you want to live? Or do you spend time complaining about bills and affirming that you’ll never be able to afford your dream car? When you shift the conversation to candidly speaking about your biggest goals and following through with action, you’ll be amazed at how quickly this support system can change your life. If you don’t currently have friends or family with abundance mindsets, start surrounding yourself with the types of people you aspire to be more like.
Set a Big Money Goal
What is something that you previously felt was out of reach for you? This could be material, experiential, or service-based, but it requires money you don’t currently have. Maybe you’ve always wanted a professional camera, to take a dream vacation to Italy, or to open your own massage therapy center. Regardless of your actual goal, consider a realistic plan of how you can work toward making it a reality. You don’t have to know exactly how you’re going to do it, but failing to plan is planning to fail.
Maybe you have to save an additional $100 each month. Maybe you have some old belongings you never use that you could sell. When you start planning, your subconscious belief shifts from doubting if you’re going to achieve this goal, but to anticipating when you’re going to reach it.