Tag: money

person putting coin in a piggy bank
Posted in Mindset

Why you should stop saying “I Can’t Afford It”

Posted on by tracydee

Have you ever found yourself saying, “I can’t afford it”? It’s a common phrase many of us use when faced with something we want but believe we can’t have. However, did you know that this negative money affirmation may be holding you back from financial success? In this article, we’ll explore the power of affirmations and how reframing your mindset can attract abundance and wealth into your life. You’ll also learn practical tips for attracting wealth and achieving financial freedom. So, let’s dive in and discover how changing the way we talk about money can make all the difference.

dirty pattern texture wall with the phrase happy to be me instead of something negative like "I can't afford it"
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The Power of Money Affirmations

Saying “I can’t afford it” can have a detrimental impact on your financial well-being. This negative affirmation reinforces a scarcity mindset and limits your ability to see potential opportunities for abundance. On the other hand, positive affirmations can help to shift your mindset towards wealth and prosperity. By repeating affirmations such as “I am financially abundant” or “Money flows easily and freely to me,” you can reprogram your subconscious mind to attract wealth and abundance into your life. 

Research has shown that affirmations can have a powerful impact on our thoughts and behaviors (Johnson & Chang, 2019). The researchers found that money beliefs were significantly associated with financial behaviors, including spending, saving, and investing. By consistently repeating positive affirmations, you can begin to internalize these beliefs and see them manifest in your life. However, it’s important to note that affirmations alone are not enough to achieve financial success. You still need to take action towards your goals and make smart financial decisions. 

How Negative Affirmations Can Affect Your Finances

By saying, “I can’t afford it” or “I’ll never be rich”, negative affirmations can create limiting beliefs that prevent us from achieving financial success. These thoughts can become deeply ingrained in our subconscious and affect how we approach our finances.

Stop saying “I can’t afford it”

For example, suppose you consistently tell yourself that you’ll never be able to save enough money to buy a house. In that case, you may become resigned to renting and miss out on the opportunity to build equity and wealth through homeownership. Similarly, suppose you believe you’re inherently bad with money. In that case, you may need more motivation to learn financial skills or seek help from experts who can guide you towards better financial habits.

Changing how you think and talk about money can shift your mindset towards one of financial abundance and openness to new opportunities. 

Reframing Your Mindset for Financial Abundance

To truly break free from limiting beliefs that keep you stuck in a cycle of financial struggle, it’s important to reframe your mindset for abundance. This involves recognizing negative self-talk and consciously replacing it with positive affirmations. Instead of using phrases like “I can’t afford it,” try rephrasing as “I choose not to spend my money on that right now.” This slight shift takes you from feeling helpless to being in control of your choices.

low section of man against sky with broken handcuffs to symbolize breaking free from saying, "I can't afford it"
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With a mindset of openness and abundance towards money, you’ll be more receptive to opportunities for wealth-building.

Practical Tips for Attracting Wealth

The next step is to focus on the opportunities that surround you. Keep an open mind and stay alert to potential wealth-building prospects. This might include networking with successful people in your field, exploring side hustles or freelance work, or investing in stocks or real estate.

It’s also important to invest in yourself. Take courses or workshops that will increase your knowledge and skill set. This can lead to higher-paying job opportunities, promotions, or successful ventures as an entrepreneur.

Lastly, don’t be afraid to ask for help. Seek financial advisors or mentors who can provide guidance and support as you navigate your path to financial success.

With a mindset of openness and abundance towards money, you’ll be more receptive to opportunities for wealth-building. By implementing these practical tips, you’ll be on your way to attracting more wealth into your life.,

The way we talk about money can have a significant impact on our financial success. Negative affirmations, such as “I can’t afford it,” can keep us stuck in a poverty mindset. Reframing our language and focusing on abundance and wealth can attract positive financial opportunities into our lives. We can shift our financial reality by making small changes in our mindset and using positive affirmations. So remember, choose your words carefully regarding money, and watch the abundance flow. 

As Mahatma Gandhi said,

“Your beliefs become your thoughts, your thoughts become your words, your words become your actions, your actions become your habits, your habits become your values, your values become your destiny.”

-Mahatma Gandhi

22 Money Affirmations to Repeat Daily

  1. Money flows effortlessly into my life.
  2. It is my right to enjoy financial abundance and prosperity.
  3. I have the power to create wealth and financial freedom.
  4. I trust that the universe will always provide for me financially.
  5. I am grateful for the abundance of money in my life.
  6. Unexpected financial blessings are welcome to me.
  7. I am financially secure and stable.
  8. Every day, in every way, I am becoming more financially successful.
  9. I am worthy of being paid generously for my work.
  10. I am a magnet for financial prosperity and abundance.
  11. I am comfortable with money and love to see it grow.
  12. I am financially free to live the life of my dreams.
  13. I am always in the right place at the right time to attract money.
  14. My wealth and abundance are constantly increasing.
  15. I have a positive relationship with money.
  16. I am financially successful and fulfilled.
  17. I attract wealth and abundance effortlessly.
  18. Money is my friend and ally.
  19. I am capable of earning, saving, and investing money wisely.
  20. I am worthy of receiving financial blessings beyond my wildest dreams.
  21. Money comes to me easily and abundantly.
  22. I am grateful for the financial abundance that surrounds me.

Works Cited:

Johnson, M. K., & Chang, E. C. (2019). Money beliefs and financial behaviors: Development of the Money Beliefs and Behavior Scale (MBBS). Journal of Financial Counseling and Planning, 30(1), 18-33.

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Posted in Goal, Manifestation

Why I’m Teaching Myself How to Invest NOW

Posted on by tracydee

For all of my life, my mindset approaching money has been from a lack mindset. Learning how to invest was never a priority. The common phrases I am used to are:

“We can’t afford that.”

“It’s too expensive.”

“Don’t waste your money.”

“Money doesn’t grow on trees.”

Yet, at the same time charging things on credit cards was completely normal. Especially to have experiences. And for that, I am extremely grateful. I had the opportunity to do some amazing things in my childhood that instilled a love of travel in me even now.

But…

The decision to go to college and take out student loans is a huge part of my existence now even if I try to pretend they’re not there. I won’t be truly debt free until they are gone.

I wish I would have learned about investing sooner. I remember in 7th grade, we played a stock market game that was really fun. However, much of what I heard about it was that it was risky. And it’s for the wealthy people.

how to invest
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Now…

With the invention of YouTube, TikTok, SkillShare, and Coursera, just to name a few, there are more places than ever to teach yourself what you want to know.

And now, I want to know how to invest. I keep hearing about crypocurrencies, NFT’s, and just general bull and bear stock stuff. And I want to be able to understand it and make smart decisions that could set me up for a successful financial future.

A few months ago, I joined Motley Fool. While they send out way too many emails trying to get you to buy other products, I find much of the information useful in learning how to invest.

The reality is that it’s not a get rich quick scheme. It takes patience and long-term commitment to riding out the ups and downs of the market overall.

So, what have I been doing?

For the last year, I’ve been taking the stock recommendations from Motley Fool and other sources to build my portfolio. I follow money Tik Toker’s and YouTuber’s who share practical advice and tips for beginners.

I am building my portfolio by using Dollar Cost Averaging (DCA). Some of my stocks I bought at high prices at the beginning of 2021. Ever since, I have been investing $10-$25 per stock as the prices fluctuate. Hopefully, in the long term this will result in gains as my central price point takes into account the highs and lows.

Now, I still have so much to learn. And I’m eager to keep learning more about investing so that I can travel the world and work from anywhere. This is just one stream of passive income out of many that I plan to develop.

Subscribe to follow my journey and I’ll be sure to share any tips I learn along the way!

travel documents and necessities
Posted in Goal, Manifestation

Value Your Time Like Currency

Posted on by tracydee

You need to value your time like currency. I don’t believe we all have the same number of hours in a day. Everyone has different life circumstances and competing demands on their time.

One Harvard research professor, Dr. Ashley Whillans, noted that the majority of Americans feel “time poor“, where they don’t have enough time to complete all responsibilities.

Recently, I was talking to a friend who turned down a job offer, even though the pay was slightly higher. Why? Well, her current role allows for so much flexibility in working hours, that any small pay increase wasn’t worth compromising that flexibility. And what does time allow her to do? She can adjust her schedule around her daughter’s needs for school and homework. She can take a break in the middle of the day to go to the gym.

What is time affluence?

value your time
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So what exactly is time affluence, anyway? I first learned about this term a couple of summers ago when I took a free course online through Coursera: The Science of Well-Being. Professor Laurie Santos explains that we often pair the term affluence with money or wealth, but time is just as valuable. The reason she discusses this is to open our eyes to whether we should be focusing more on valuing time over money to increase happiness.

I highly recommend taking this course (if you have the time) and learning more about how you can become happier and value your time. With more time, we can spend more time with the people we care about, travel or focus on hobbies, and generally have fun and enjoy life.

How do I view my time?

Personally, it’s hard to always prioritize my time when the stress of bills piles on. So, I think people who have the luxury of choosing time over money all the time are in a different category. While we all have control over our schedules, sometimes survival mode kicks in and you have to do what you have to do to make the money.

I think some of my issues around time and money stem from limiting beliefs. Several months back, I wrote about the debate in my time of whether I should get a full-time job or keep pushing on my blog endeavors, which isn’t an immediate money maker. I REALLY want this to be a successful journey, but sometimes negative thoughts creep in and I doubt myself.

My main focus now is thinking of my time like currency. And currency can buy wants, necessities, and leisure. So I hope I can focus on ways to generate passive income, work from home, and free up as much time as possible to do the things in life that I enjoy! So maybe this is your sign to value your time like currency as well!