3 M’s of Money “Mindset, Morals, Management”.

Are you living paycheck to paycheck?

What about your bills, piled up? It is reported that 67% of Americans struggle with their finances and rarely have anything in savings or have any form of investment.

Planning your finances can be a challenge, a very frightening one as well.

If you are feeling like money is not showing up at this present moment, you are not alone.

In fact this blog was created to help you change your money mindset and your financial future.

If you are fearful of money you may be the one repelling money.

After having struggled financially before I realized that my financial fears were hindering me from real abundance. When you are thinking about your money problems it repels money more than allowing money to flow to you.

I have come to one true realization, money must first materialize in your mind before it manifests itself into your pocket.

When you control your thinking you control your thoughts. If you see yourself in a place of anxiety and fear it’s because you have allowed the negative emotions to consume you. Money control is co-dependent on mind control.

No one taught me the principles of money or savings or even how to invest. However, I thank God for my late grandmother, God bless her soul. She would often say “It is not how much you earn but how much you save”. I have always been a saver, but savings alone can get you so far in this economy. However, with the right principles and obedience you will develop good money habits while building your savings.

Saving money helps you to build good money habits. Good money habits allow you to be a good money manager and a great investor.

You will always have bills and expenses, try to stash aside at least 10% of your income each time you get paid whether from a job or your business. 10% is for you to keep and you must always pay yourself first.

It’s important to have savings set aside for unexpected emergencies. You can build an emergency fund for expensive or unexpected expenses or create a stash envelope for your wants and impulse shopping. When you plan for unexpected emergencies you will feel less likely to suffer from financial stress or worry.

If you were not born into an environment where money was discussed or abundant as you would want it to be, it may cause you to be closed minded about money. Abundance is a mindset and you make the choice of having lack or abundance. My late grandmother taught me this. All my life she was teaching me that the decisions I make are based on the outcome I want and the experiences I will have.

What money discussions are you having in your head about money? Do you have a spending plan or a budget? Do you have a financial plan? Any long term financial goals? No… keep reading.

Have you ever sat down to think that the reason why you are not seeing any improvement in your financial circumstances or your bank account is because you are telling yourself “This is my life; I am broke”. “I can’t save”. “I have too much going on in my life right now”. “I am too bad with money”.

Your mentality and your attitude determines if you win or lose.

If you have financial overflow or the lack thereof it is aligned to your focus.

Understanding your money mindset is the first step to uncovering the emotions and thought patterns that you unconsciously developed towards money and finances.

There are so many limiting beliefs that we associate ourselves with. The only way to keep these beliefs from stunting your growth is to clearly identify them, cut them at the root and develop positive beliefs so better behaviors can flourish.

Let’s look at Morals and money; How loosely have you heard the biblical term “Money is the root of all evil”. Most, if not all the time. We tend to hear the first line but not the full biblical verse mentioned in 2 Timothy 6:10

It’s not the love of money but the moral of the individual, groups, organization and systems that utilizes money as an everyday commodity. Your heart is where your money is; Matthew 6:21 also speaks about this issue also.

Money is merely a tool that needs direction. Quite often people with a lot of money become self centered and forget that the accumulation of money doesn’t need to be stored in their accounts or offshore accounts but can be used to further the kingdom of God by helping the fatherless, the homeless, the poor and hungry.

Each of us is guided by moral values. Contributing to others and being socially responsible for the communities we work or operate our businesses in is crucial to the growth of people and the community. So many business owners or investors set up shop in areas and do nothing for the community.

A business must be socially responsible and invest in the people and the environment that supports its mission and vision and grow its bottom line.

This is how morale becomes an important question in the wealth building equation.

People often think more about money than they do about people. We all need people, people to support our endeavors, to purchase our goods and services and therefore dealing with them the right way requires us to treat them as humans and not just as a dollar bill.

Good morals will help you give more freely without losing what you have accumulated.

Money management is based on your money relationships and financial literacy.

Your money relationship is based on two things: beliefs and habits. If you want to live a life of financial abundance your money mindset and money management skills must align.

Are you still inclined to do retail shopping? This is one of the biggest struggles and emotional money triggers most people deal with on a regular basis.

Quite often we spend our emotions and justify the means with an end. “Yes I can afford it, I just got paid”. You are telling yourself you have extra money but deep down you know you have other debt that needs some attention.

Most of your money issues are created from your money blueprint, that is the deep rooted beliefs and experiences you have with money.

Your money relationship first starts with you and your self awareness. If you are struggling to manage your finances it’s time to re-evaluate your priorities. It's time to set better goals and be disciplined with your finances.

I have created a new money blueprint ebook that will help you to reprogram your mindset and help you set realistic financial goals that will help you start your goal towards financial freedom.

Let me know if you are inspired by this blog post.