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10 Keys to Breaking and Removing a Poverty Mindset

28/10/2013

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How to Change your Beliefs about Money, Wealth and Riches
Only when you change your beliefs around money can you start to earn, and manage, an abundance of it.

Here are my top ten recommendations to kick-starting that change: 
Picture of stack of one hundred dollar bills in heart shape
THE FIRST FIVE KEYS...
  1. Change your self-image. You will only ever become as wealthy as you can imagine you can be - but you must also feel completely congruent with that new image of yourself. If you did happen to come into riches in an unexpected way, a failure to change your self-image will ensure you lose it all in no time and settle back to the way you always were. If you are uncomfortable seeing yourself as wealthy, as rich, as abundant, then you’ll need to root that out. 
  2. Remember that givers cannot be bound by poverty. Make sure you give consistently to causes you love to support and feel are doing fabulous things; things you would celebrate and love to talk about. Having a cause beyond yourself if essential for a healthy perspective in life. 
  3. Choose to believe that generating wealth is easy. Turning a key in a lock should not be a huge effort – it should easily turn and give you access to the whole property. Whilst solving the money equation will involve more than a simple turn of a key, it would serve you well to re-evaluate things and discover where working smarter, rather than harder, might be the answer. Your *flow* is the key. Money will flow to you – it’s easy, it just needs a good enough reason to do so.
  4. Believe that resources are always available for anything you want to achieve. All you need is a new perspective. How about creating a vision so inspiring and compelling that others will willingly fund it and gladly invest in both you and your dream. 
  5. Make sure you are actively saving and seeing your savings grow. This does more than just provide you something useful (the resource itself) but also ‘teaches’ part of you that you can do something to control take control of your finances.
Picture of falling coins
THE NEXT FIVE KEYS...

  1. Completely rid yourself of any bias against, or judgement of, the rich. If you think badly of anyone for simply having such resources you will also think badly of yourself if/when you get the same. Of course, if this is true, you’ll actually, unconsciously, find many ways of preventing yourself from acquiring wealth in the first place.
  2. Change your environment. You cannot maintain a poverty mindset if you’re surrounded by people with an abundant mindset. People who have established multiple streams of income have a certain way of thinking, of talking, of decision making. It’s so much easier for this to be ‘caught’ than ‘taught’. So start to mingle with those who have a much more abundant outlook on life. You’ll find that any poverty-talk soon gets suffocated.
  3. Change what you say and you’ll change what you think. Refuse to say the thinks that broke and struggling people say. So much of this is rooted in the values of our parents, teachers and peers – the traditions of your family and society you grew up in. Ultimately, all these things can be identified by the words that you use. Listen to what you say. Listen to what your friends and family say about money, resources, supply, limitations, expenses, costs, 
  4. Throw off the limits. If you ever find yourself working with ‘limited resources’ you’re missing the path of abundance. Beware the religion of ‘economy’ – so much there is done based on the belief that there is a limited supply.  
  5. Dream big…every single day. Establish your personal vision. Write it out and repeat it to yourself at least 3 times a day. 
Picture of man in open field holing arms open toward world
And a bonus, highly recommended, action point:

* Teach it. Find a group of people who need to get to grips with this money thing. When you take time to help others, to work with the knowledge you have and present to others what you’ve learned, it helps you all the more. It embeds the learning at a deeper level *and* does wonders for your self-esteem in the process as this group of people will look to you for wisdom and advice.

Now, I believe you're the sort of person who doesn't just hear good ideas, but takes action and discovers for themselves what works! So let me know which of these worked the best for you.
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    Pad is a trusted adviser to business leaders across the globe. He is Director at Come Alive Success Coaching ltd. and the Author of TEAM ME - How to Play Your Best Game in Life, and TEAM GUY - Forging Men of Soul & Steel.
    Pad works with high net worth individuals to help them connect to their unique identity, illuminate paths of opportunity and reignite their passion for life.
             More about Pad >>

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