By Jamie Kanner
Forbes Magazine: “One of the most important but one of the most difficult things for a powerful mind is to be its own master.” — Joseph Addison
Do you look at your credit card bills, wondering, how could they be that much?
Guess what, you have a money blueprint that is guiding your spending habits and you may not be aware of what those habits are or if they are helping or hurting your financial security.
The truth is, we end up financially exactly where we expect to end up rather than where we “want” to be.
How does this happen, and what can you do to change your money blueprint?
Your money mindset has been set since you were a small child. It came from the beliefs your parents have held about money. You were imprinted with it every time you heard your family talk about money. Think back, what did you hear?
“Money is the root of all evil”.
“Money doesn’t grow on trees”.
“Rich people are …”
“Money can’t buy happiness”.
Or maybe your family used gifts and money to show love. Money came to mean love to you.
Your “Money Mindset” is like a thermostat, whatever you unconsciously have it set at, is where your finances will always end up.
If you are programmed to struggle and always spend more than you earn somehow, it’s your money mindset. The good news is you can actually reset your money mindset.
T. Harv Eker, author of “Secrets of a Millionaire Mind”, states in his book: “Give me five minutes, and I can predict your financial future for the rest of your life!” Eker does this by identifying your “money and success blueprint”. This blueprint determines your financial life. If your money blueprint is not set for a high level of success, you will never have a lot of money, and if somehow you do, you will most likely lose it!
Here are 5 ways that rich people think differently:
1. Rich people believe “I create my life.” Poor people believe “Life happens to me.”
2. Rich people play the money game to win. Poor people play the money game to NOT lose.
3. Rich people are committed to being rich. Poor people want to be rich.
4. Rich people admire other rich and successful people. Poor people resent rich and successful people.
5. Rich people manage their money well. Poor people mismanage their money well.
(Reprinted from “Secrets of a Millionaire Mind” by T. Harv Eker)
The great news is your money blueprint can be changed. The bad news is these beliefs have been programmed into your mind without your permission. Changing them takes time and will not happen overnight. However, if you do the “work” — the rewards will be endless.
Here are 7 ways to start to change your “Money Blueprint”
- Find out what your money blueprint is. Ask your family what they were taught about money. Ask yourself what do you think about money and how do you feel about it? Knowledge is power.
- Look at your spending and saving habits. Are you able to save money, or do you hear yourself repeating, “We don’t have extra to save”. Read “The Millionaire Next Door” by Thomas J. Stanley and find out how giving up your coffee at Starbucks could help you retire!
- What are your money and financial goals? Are they focused on saving a little extra or building a huge retirement fund? My husband and I regularly review where we are with our goals for retirement. He set one number and I upped it by an extra $5 million. In addition I have our “Magic Retirement Number” posted around our house. It’s amazing what happens when you tell the universe what your plan is.
- Learn new money habits from reading about money from the experts. Read the business section from the Wall Street Journal. Subscribe to money and investment magazines.
- Take a close look at what you earn. Does there seem to be a “magic” number that your earnings gravitate toward no matter what is going on in your business life?
- Find a money role model. Who do you “hang out with “ — people and families who are big spenders or big savers? Misery loves company. Take a ‘rich “ person to lunch and pay! Pick their brain about how they were able to save so much money. Remember: Never be impressed by how much “stuff” people have or how much they spend. I am much more impressed by how much others have saved or contributed to charity than how flashy they are or how much they spent on their fancy cars, homes etc.
- Read “Tapping into Wealth” by Margaret Lynch. Learn the techniques to set you free of your money glass ceiling.
What is your money blueprint and how is it holding you back financially? We’d love to hear from you, your comments could help enlighten others about what’s keeping them from a successful financial life.
Here’s to your growing bank account!
Lisa Barr, Editor of GIRLilla Warfare: Jamie Kanner (LOVE HER! And, you can bet I am using her tips for GW) has four children, and has been happily married for over 26 years. You can reach her at : email@example.com or www.Jamie.myarbonne.com