How To Create an Abundant Money Mindset

abundant money mindset, positive money mindset

An abundant money mindset is a mindset where your believe (at your core) that you always have more than enough money in your life.

The idea of a positive money mindset used to be seen as “hoo-ha” new age idea. In recent years, self development has become much more mainstream and what many successful entrepreneurs used to do only in secret is now very mainstream.

The mind is incredibly powerful and when it comes to money and success – it is often the determining factor.

You see this all the time. Three identical businesses and all three of them have access to the same resources. One of them becomes worldly successful while the others fail miserably.

Why is that? Is it “luck” or good fortune? Most certainly not. It comes down to this simple idea of your money mindset and it is something that everyone with financial success understands very well.

Working hard, trying hard, having the right connections and even having the money or physical resources will not matter as long as your mindset is not correct.

What Is An Abundant Money Mindset Anyway?

Your money mindset is the way you think and feel about money and finances. This includes all your beliefs about money which in turn determines everything about your financial life.

Your mind will always ‘course correct’ to be consistent with its own program.

This program is your own personal blueprint about money.

It dictates exactly how you think about money and will determine every decision you make about money.

Whether you save, invest, spend or gamble. Whether you take positive action towards increasing your wealth or horde everything out of fear.

Money is an idea.

It is not the paper bills you put in your pocket. Those represent money but it is not money. Money goes much deeper than that and for most people there’s a lot of emotion attached to money.

Not having enough not only limits your life but it limits your self expression. Having and abundance of money allows you to fully express yourself and have a fuller and richer experience of life.

If money is an idea and having more or less is simply a choice, what would you choose?

Abundance simply means having more than enough of everything all the time. An abundant money mindset then means that you always have more than enough money.

A scarcity money mindset is the opposite and is unfortunately where most people come from.

A scarcity money mindset is one where you feel that money is a very limited resource and that you never have enough of it no matter what.

11 Steps To Turn Your Scarcity Money Mindset Into An Abundant Money Mindset

Most of our money blueprint is something that we learned subconsciously over the course of a lifetime. The early years of learning up to the age of 7 is incredibly powerful because we make associations and then have experiences to reinforce them.

Fixing your money mindset is all about making small adjustments in how you think and feel about money. Most of it is the opposite of what you currently believe.

We are what we think. All that we are arises with our thoughts. With our thoughts, we make the world.

– Buddha

1. Fix Your Language

The words you speak is incredibly powerful. World renowned therapist Marisa Peer has taught extensively about the power of words and how our language affects our beliefs and our actions.

People with an abundant money mindset use vastly different words from people with a poverty mindset.

Most of the time, we are so usd to what we say that we don’t even realize it. Your money language will always reflect your financial situation.

When you start changing your language and the way you talk about money you start changing your money mindset. This is not just about what you say out loud. It also refers to those conversations you have in your own head.

Your self talk is incredibly influential when it comes to how you think and feel about money.

Starting to pay attention to what you say both out loud and to yourself will help you see where the money blocks lie in your life.

2. Address Your Limiting Beliefs

We all have beliefs around money. For most of us our money beliefs are fixed by the time we are 7 years old. This means that you usually inherit your money beliefs from your parents.

By observing the way your parents talk and interact with money, you formed your own set of beliefs.

This is not always positive and because we form these beliefs so early in life we often spend the next 20 years having experiences to reinforce our beliefs.

Your money language as we already mentioned is also closely related to your beliefs. By starting to notice what you say about money consistently will help you understand your beliefs.

A belief is nothing more than a habitual thought. Its a way of thinking about money that is “automatic” and will dictate much of how you think and feel about money.

Its important to really understand your own beliefs about money and to use techniques like affirmations to change your limiting beliefs about wealth and prosperity.

If you have any ‘stuck beliefs’ around money and finances then I would encourage you to take Marisa Peer’s (free) masterclass.

She will guide you through a powerful Hypnotherapy session to help you uncover these beliefs and release them for good.

3. Think Long Term

People with a poverty mindset always think shirt term while people with an abundance mindset always think long term. Do you have a financial plan or goal for your life? Do you have a definite goal for the next 1 year, the next 5 years and the next 10 years?

If not, then you are just drifting. Having a plan and a goal gives you direction. The mind always moves towards something and people without long term money goals simply bounce around because there is nothing fixed in the future.

The prosperity mindset is always one that uses money with a long term view. They invest their money and use their money to make more money.

The poverty mindset spends everything now. If you spend everything you earn every month then you really need to take a closer look at what you are spending your money on.

In the end, your priorities need to change if you want to develop a positive money mindset. Having a long term view instead of just fulfilling your immediate needs for gratification will never help you create prosperity and abundance.

It also comes down to patience. People with a poverty mindset are fixated on instant gratification.

The abundance mindset can delay gratification because they know what lies ahead and that the ultimate reward is much bigger and better.

4. Find a Way To Serve

There is only one way to get wealthy and that is by serving others. Any business or any service is only really doing that – being of service to others.

The more people you can serve and the more value you can bring to the world the more wealth you can generate.

Being of service is more of an attitude than anything else. It’s a way of looking at money and what you do for a living. People with a poverty mindset run their businesses with the primary focus on themselves.

We all have unique talents and skills regardless of who you are. If you start turning your focus on how YOU can be of greater service to your community and the world at large then you start tapping into the abundance mindset.

5. Focus on Giving

People with a scarcity money mindset do their job with the primary focus on what they can get out of it.

We see this everywhere in workplaces where people get incredibly upset of someone else gets a little bit more than they do.

This is a poverty mindset in action.

The idea of the giving mindset is perplexing to many people.

How can giving make you abundant?

Is the idea of wealth and prosperity not about getting more?

This is the great irony of life and it is a law of wealth. When you give there are a lot of things that happen both in your mind and in the universe at large.

When you give something away, your subconscious mind registers this and makes the association that you have more than enough because you are able to give it away.

The subconscious mind will move heaven and earth to be consistent with what it knows itself to be true.

Don’t judge each day by the harvest you reap, but by the seeds you plant.

– Robert Louis Stevenson

Giving also has a ripple effect and everything that you give always comes back – usually magnified and multiplied.

This is a law of the universe and this has been written about extensively by philosophers, religions and teachers for thousands of years.

We do not know exactly what the mechanics are of how this works but all you need to know is that when you focus on giving sincerely – especially the giving of your ‘self’. Your talents, your skills, your time, your money and everything of value that you have to offer.

This is what the abundant money mindset looks like.

6. Stop Reacting

There is a big difference between acting and reacting. People with an abundant money mindset are those who take action in the area of money and finances.

People with a poverty mindset, usually just react. When you react, you do what you’ve always done and what you’ve always done is based on your beliefs and past experiences.

This explains why people in poverty stay in poverty. Their limiting beliefs cause them to always be in a reactive mode. The way they think and feel about money never changes.

This is also very practical. When you get an unexpected bill in the mail, do you have a knee jerk reaction of fear and anxiety?

Similarly, when you discover an extra $100 that sat in a forgotten bank account, do you immediately run out to the shops in joy?

7. Value Your Time

Do you invest your time or do you squander your time? The average person now spends more than 4 hours per day looking at a screen and some form of escape from reality.

If you knew that you are worth $500 per hour, would you still spend 4 hours watching Netflix? Not every hour needs to be accounted for and there certainly is a need for rest and relaxation but the idea is simple: You can either invest your time or you can squander it.

Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each.

– Christopher Rice

People with a wealthy money mindset are always into investing their time. They will always be reading books, learning or talking about constructive ideas and always looking for ways to improve themselves.

When you start valuing your time you also start paying attention to what you spend your time on. Filling your mind with junk is a complete waste of time.

What you put into your mind is usually what you will see come out of it. Buying into the doom and gloom that is sold by the media will never result in a positive money mindset.

You need to seek out uplifting and inspiring information and entertainment and keep feeding your mind with quality information and ideas.

8. Who Do You Hang Out With?

There is a saying in business that your “network determines your net worth”. This is more than just a cute catch phrase. It is an idea that has been studied extensively by psychologists and researches.

You tend to become the average of the 5 people you spend the most time with.

If you spend 8 hours a day with 5 millionaires, do you think your money mindset will change?

You bet you would! Its seems quite obvious when we look at it that way. The flipside is not that obvious though because our colleagues, friends and family are often the ones we love – and also the ones with similar poverty mindsets.

We tend to descend to their level of thinking and feeling about money. This can be tough because you do not want to choose your friends based on their bank accounts.

You need to become very mindful of how your friends and family talk and feel about money and pay attention on not getting sucked into conversations and arguments for poverty thinking.

Find people who are at the level of wealth you aspire to and become friends with them. You would be amazed at how keen wealthy people are at sharing their knowledge and experience.

There are so many online communities, courses and networking events where you can connect with like minded people. Spending as much time as you can with them will help you develop a more positive money mindset.

9. Improve Your Financial Education

Most people are poor because they simply do not know anything about money. You do not need to become a financial expert to be wealthy and prosperous but you do need to become interested in money.

You need to make money your friend and you need to start developing a keen interest in understanding money.

Formal education will make you a living; self-education will make you a fortune.

– Jim Rohn

Learning how money works, how to invest it and how to manage it will help you immensely in developing a positive money mindset.

People with a poverty mindset shy away from money and finances. It is something they fear and something they don’t know much about.

People with an abundant money mindset are always reading, learning and taking about money and wealth. It is something they are interested in and something they feel comfortable with.

10. Eliminate Jealousy

People with a poverty mindset are always hating on the rich. They will be the first to tell you how unfair the world is, how the rich have corrupted the world and how they are always on the wrong end of the money stick.

Its true that there are financial injustices in the world. It is true that some wealthy companies have corrupted and even destroyed certain things but that is not your concern.

It doesn’t mean you do not care but it does mean you do not take it on as part of your belief system.

Anytime you have any sort of jealousy towards anyone else who is successful you actually condemn money.

You should know that anyone who manages to create wealth and abundance did something right at some level of consciousness.

When you see this and instead of condemning it you admire it, you actually welcome that same level of wealth and prosperity into your own life.

To develop a positive money mindset you need to develop a keen interest in wealthy people. Become interested in how they did it instead of hating on them.

Make it a habit to celebrate others success and always go out of your way to congratulate them. Not to stroke their ego’s but to teach yours that its okay to be rich and successful.

wealth and prosperity,prosperity mindset

11. Pay Yourself First

The idea of paying yourself first has many values and lessons. This idea became very well known from the book The Richest Man in Babylon.

The idea of paying yourself first is first and foremost an attitude towards money. It represents a mindset where you truly value yourself.

Most people spend the first day of every moth paying their bills first. What this teaches your subconscious mind is that your expenses is the most important part of your financial life.

When you pay yourself first, you correct your priorities.

This does not encourage you to be irresponsible and not pay your bills. It simply means that you make yourself and your own financial situation the main priority in your life.

When you pay yourself first you usually force yourself to re-adjust your expenses to eliminate needless things you would have bought otherwise.

Paying yourself first refers to a mindset where you spend your money on yourself and your own financial well being. The best way to do this is to decide on a sum of money that you can afford to put aside every month.

Set up an automatic payment where this money goes out of your account to some sort of investment every money. That way you will grow your financial future and through the power of compounding start creating wealth.

A Positive Money Mindset Matters

Money can be one of the most stressful parts of life. The number one thing couples argue about is money and it can add a lot of stress and strain to couples and families.

Developing a positive money mindset is not just about creating wealth and prosperity in your life. It is about living a more balanced, happy and fulfilling life.

When you remove money worries from your life you can change everything.

This does not mean that your money issues disappear overnight. It simply means your mindset and your attitude towards money changes.

You will always have money issues but when you have a positive money mindset are are able to deal with it more effectively.

Ultimately there are only two ways to deal with money. Either money will control you or you will control money and it all comes down to having an abundant money mindset.


With a passion for spirituality, self discovery, and understanding this life, Neod spends his time musing about what is, what could be and what might come about. After writing for 20 years he's still growing, learning, exploring and sharing with love, joy and compassion.

Recent Posts