Table of Contents
- 1 Money Is Emotional, Not Just Rational:
- 2 Why Money Is Emotional?
- 3 Two Common Money Mindsets:
- 4 How to Rewire Your Money Mindset:
- 5 Suggested Books:
- 6 “You must gain control over your money or the lack of it will forever control you.” — Dave Ramsey
- 7 “When you realize nothing is lacking, the whole world belongs to you.” — Lao Tzu
- 8 Manifest Mi Dreams - Team
Money Is Emotional, Not Just Rational:
This single truth is at the heart of nearly every financial behaviour — and every financial mistake.
People often treat money as logical—numbers, budgets, income. But in truth, we make many financial decisions based on fear, pride, insecurity, or desire.
“Doing well with money has little to do with how smart you are and a lot to do with how you behave.” – Morgan Housel, “The Psychology of Money”
Image by: Pexels
Why Money Is Emotional?
While we think we make financial decisions logically (spreadsheets, math, strategy), in reality, we are driven by deep emotions, beliefs, and subconscious programming. These include:
- Fear of not having enough
- Guilt about spending on oneself
- Shame around debt or past mistakes
- Pride in showing status or success
- Anxiety about the future
- Control issues (overspending or hoarding)
Money touches survival, status, self-worth, freedom, security, identity — so it’s rarely just about money.
Most of our money habits come from childhood:
- What you heard: “Money doesn’t grow on trees.”
- What you saw: Parents arguing over bills or living paycheck to paycheck.
- What you experienced: Deprivation or guilt around spending.
Two Common Money Mindsets:
- Scarcity Mindset
- Belief: “There’s never enough.”
- Outcome: Fear of spending, hoarding, jealousy of others’ success.
- Result: Blocks abundance and leads to stress.
- Abundance Mindset
- Belief: “Money flows freely. There’s always more coming.”
- Outcome: Confidence, generosity, smarter risk-taking.
- Result: Opens space for wealth creation.
How to Rewire Your Money Mindset:
- Awareness First
Ask: What do I truly believe about money? Where did that belief come from? Is it still serving me?
Example:
❌ “Rich people are greedy.”
✅ “Wealth amplifies who you are. If I am kind, wealth will help me do more good.”
- Practice Financial Mindfulness
- Track your spending without judgment.
- Celebrate small wins (like saving ₹1000 or paying a bill early).
- Reflect: How did this purchase make me feel?
- Visualize Your Financial Future
- Close your eyes and see yourself living your dream lifestyle.
- Imagine abundance flowing to you easily.
- Feel gratitude as if it already happened.
- Use Empowering Money Affirmations
Repeat these daily:
- “I am worthy of wealth.”
- “Money is a tool, and I use it wisely.”
- “There is always more money coming to me.”
Money Affirmations with different aspects of life => Click here
Suggested Books:
- The Psychology of Money by Morgan Housel
- Think and Grow Rich by Napoleon Hill
- Your Money or Your Life by Vicki Robin
- Rich Dad Poor Dad by Robert Kiyosaki