Do you have a positive or negative money mindset and how does this influence your financial life?

Your money mindset is a major predictor of your actions, and, ultimately therefore, your financial success. Limiting beliefs around money are major obstacles to creating financial success, so aim to maintain a positive outlook toward money.

Negative money mindset traits include:

• Fear and anxiety
• Feelings of a lack of control
• Negativity around the very concept of money
• Feeling intimidated by difficult financial concepts
• Defeatism ("I'll never be good at this")
• Procrastination ("I'll get to it one day")

Whereas positive or empowering money mindset traits include:

• A willingness to learn and take on challenges
• Feeling in control of behaviour and decisions
• General optimism, even in the face of uncertainty
• Openness to learning new things
• Solution-oriented attitude
• Acknowledgement of incremental progress

This episode suggests 8 ways to improve our money mindset including expressing gratitude, cutting off negative self-talk and keep moving forward.

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Back in 2009 I had an idea to help inspire and empower children on the topic of money. That idea grew into The Financial Fairy Tales an award winning and best selling series of children's books which have been enjoyed in over 15 countries around the world.

In this episode I share how that happened and where the idea came from.

To find out more about the Financial Fairy Tales visit our website or my Amazon author page here.

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Welcome to this special series on the 7 Steps to Financial Wellbeing - #7 The Importance of Having Multiple Streams of Income

The last two years in particular have highlighted that our job security is out of our hands. What is within our control however is the opportunity to develop multiple sources of income to supplement or replace income from our job.

In this episode I discuss 4 ways to increase your income, by utilising your:

• Assets
• Expertise
• Time and
• Money

Resources mentioned

Rich Dad, Poor Dad by Robert Kiyosaki