The Personal Finance Podcast 7 Mindset Shifts to Master Your Money Psychology
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May 14, 2025 Unlocking the secrets of money psychology is a game changer! Discover how to shift from a scarcity to an abundance mindset, and recognize your emotional spending triggers. Gain insights into the importance of documenting these triggers and redefining your money identity. Confidence in finance matters—focus on your own journey instead of comparisons. Lastly, learn to build financial confidence through actionable steps, setting personal goals, and overcoming the fear of decision-making. Transform your relationship with money today!
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Money Is Mostly Psychological
- Money struggles come mainly from how we think and feel about money, not math skills.
- Emotions dominate financial success, making psychological mastery crucial.
Understand and Rewrite Money Stories
- Identify the money beliefs you grew up with and how they affect your habits today.
- Rewrite harmful money stories learned from your upbringing to improve your finances.
Childhood Budget Led To Over-Gifting
- Andrew's parents always spent exactly $100 on Christmas gifts, which made him feel deprived.
- As a result, he spoils his own children with many gifts to compensate for that childhood feeling.