How To Transform Your Money Mindset

How To
Transform
Your Money
MindsetJim Franklin
Annabelle Stevens
Use this deck every day as you
take action to transform your
money mindset.
http://EternalSpiralBooks.com/moneymindset

The Current Economy
 It is easy to feel fear
 Think that there are no opportunities to
improve your life
 That you are ‘stuck’
 “The Secret” is that it really IS all in YOUR
mind.
 Change your money mindset, change
your life…
http://EternalSpiralBooks.com
2

Wealthy and Poor People Think
Differently About Money
Have you ever wondered what determines
whether you’re rich or poor?
It is NOT about ‘luck’ or intelligence. Your
money mindset has a lot to do with it.
3

Lack versus
Abundance Mindset
Lack
“I don’t have any
money.”
“I wish there was a way
to get more money.”
“There are no jobs out
there.”
Abundance
“I can earn all the
money I want.”
“I can do so many
things to get money.”
“I can sell my skills and
services to others.”
4

When
Opportunity Knocks
Poor People:
Don’t notice opportunities
to make money
Usually don’t take
advantage of them
Wonder, “How much
will it cost me?”
Wealthy People:
Keep eyes open for all
opportunities
Take advantage of
opportunities
Think, “How much
can I make?”
5

When Opportunity
Knocks—Example
Peter has a job but
complains he
doesn’t have
enough money.
He’s annoyed at
all the yards in his
neighborhood that
aren’t well-kept.
Robert lives in the
same neighborhood.
He works full-time
too but wants MORE.
He is eager for a
financially secure
life. He notices the
lawns, too.
What will Peter and
Robert each do
about these yards?
6

Peter’s friend, Sam, is
disabled and tells
Paul:
“I wish I could mow
all these lawns and
trim bushes, but I’m
physically unable to.
Why don’t you do
it?”
Peter complains, “It
will cost too much
and take up too
much of my time
off.”
Robert says:
“I think home owners
like Sam, the elderly,
and busy single moms
need some help with
their yards.”
“I could make at least
$100 a week helping
people by mowing
these lawns.”
“I’ll stop right now to
offer my services.”
7

Who do you think can make
an extra $100+ weekly?
8

Investing
Poor Think:
Overwhelmed
by fear
Asks, “How much
can I lose?”
Wealthy Think:
Confident
Asks, “How much
can I make?”
Studies show that fear of LOSS is a stronger
motivator that hope of gain. Could this be
what is holding YOU back? How can you
change your money mindset?
9

Short-Term versus
Long-Term Thinking
Poor Think:
“How will I pay this
month’s bills?”
“I never have
any money.”
Wealthy Think:
“I want to meet my
savings goal at
year’s end.”
“I’m saving now for my
kids’ educations.”
10

Price versus Value
Poor Think:
“Wow, look at that sale
price!”
I’ve got to have that.”
“I can’t pass up
that price.”
Wealthy Think:
“That’s a good price but
do I really need it?”
Will the item have value
for me in a year or two?”
“Can I use it to make
money?”
11

Who’s the Boss?
The poor are either trying to find a job,
waiting to get a job or making an effort to
keep hold of a job. J.O.B=Just Over Broke.
The wealthy prefer to work for themselves to
keep more of the profits that their work
creates. The rich have confidence in their
own abilities/skills. http://EternalSpiralBooks.com
12

Dealing with Challenges
A Poor Person:
Feels overwhelmed
Avoids confronting
the challenge
Thinks of excuses
for the situation
Blames other people
and things
A Rich Person:
Has confidence he can
handle the challenge
Confronts the situation
Resolves the issue
Makes it work, or learns
from any mistakes
13

YOU Have the Power
Take
Responsibility
Be in
Control
Take
Action
14

The poor believe they are victims of circumstances.
The wealthy believe they have the power to
increase their dollars through intelligent action.
Do You See the Power You Have Over Your Wealth?
Take
Responsibility
Be in
Control
Take
Action
15

Dreams
Do you dream small, or big?
Poor people dream small and
hope their dreams come true.
Rich people dream big, and take
action to make their dreams and
goals become a reality.http://EternalSpiralBooks.com
16

Learning
How open are you to learning new information
about finances?
 Those who think poor are less
open to learning new information and ways
of doing things.
 Those who think rich are open to new
knowledge. They are in a constant state of
learning what they need to know in order to
succeed and achieve their financial goals.
17

Cash Flow
What is…
Cash Flow?
Good Debt?
Bad Debt?
Part of our current economic woe is the result of
people getting into credit card debt and living
beyond their means. But there IS such a thing as good
debt, if it helps you earn more money.
Some people are terrified of getting into debt or losing
money; could they be missing out on financial
opportunities because of this mindset?
18

Cash Flow
•Your paycheck
•Other income streams
Good Debt
•Debts you pay that will ultimately
earn you more than you paid
Bad Debt
•Debts you pay that bring you no
return on your money
•Examples are: cable TV bill,
purchases that drain your budget
19

Tips to Change
Your Mindset
How can you alter
your mindset to be
more like the
wealthy?
20

Affirmations
Positive Self-Talk
Meditation
Visualization
Journaling
Spend time with those with
a rich mindset
Network with people you
want to emulate
Create a
Cycle of
Success with a
Positive Money
Mindset
21

Conclusions
 Your mindset about money largely determines the
kind of financial life you will lead.
 You have the power to change your money mindset.
 Learn to think rich and live the life you desire!
 Use this guide every day to remind you of the key
principles in transforming your money mindset.
 Take positive action each day to achieve your goals
and dreams. http://EternalSpiralBooks.com
22

Final Thought: “Being
broke is a temporary
situation. Being poor is a
state of mind.”
–Mike Todd
Best wishes on your road to
transforming your money
mindset!
23

Credits:
 With thanks to Jim Franklin and Annabelle
Stevens for this deck, derived from:
 How To Transform Your Money Mindset
http://EternalSpiralBooks.com/moneymindset
24

How To Transform Your Money Mindset

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