might be so far from the truth . They have bought a house , are going on a vacation , or buying a new car ; they must be doing well . The story , in reality , could be true , or it could be that , they are way in , over their heads in debt .
Tell yourself another story . Tell yourself that you are happy for them , and you wish them happiness , and then start being grateful for where you are and what you have . Gratitude is the best way to change a story that would otherwise end in jealousy , unhappiness , and overspending to overcompensate . If you genuinely want to have a resilient money mindset , you have to be the master of the stories you tell yourself . Make sure the story ends with you winning and achieving your highest goals .
Don ’ t just budget more ; earn more
I am so tired of all the financial gurus who only talk about budgeting . Budgeting is good , but I think there is a far better way . A lot of the budgeting advice , in my opinion , comes from a scarcity mindset . It comes from a place that believes there is not enough to fulfil all your needs , so you have to make sure you stick within the lines . Budgeting is not fun , and that is why so many of us fail at it and still end up in debt despite our best efforts .
Instead of budgeting , I propose that you earn more . I believe that the world is full of abundance ; there is more than enough of everything for everyone . Instead of asking , how can this fit into my budget ? Ask yourself how you can
make more money to afford this . Start looking at your gifts and talents . You will be surprised at how much you will be able to make if you put your skills and talents to good use . I make it a game if I want to take a lovely holiday , check how much it will cost , and start to look at how I can earn money to pay for it . I enjoy the twists , turns , highs and lows . Generally , if I do not hit the goal , I land very close .
You cannot develop a resilient money mindset if you operate from a place of scarcity . Start telling yourself that there is abundance around you . Start believing that whatever you want can be achieved with hard work and dedication . Do not be distracted by what is happening around you . If you fail , get back up and start again .
54 Term 3 Apr - Jun 2022 After the Bell