Change Your Money Mindset and Make Millions

When it comes to investments, having the right mindset is just as important as choosing suitable investment options. Mindset can make a world of difference in helping you attain your financial goals. Whether you are investing in planning for your retirement or becoming debt-free, your mindset is what will get you closer. But the important question is — how do you change your money mindset? Is it something you can develop? Read to find out more:

What does a money mindset mean?

The money mindset is not an abstract concept. It is simply your beliefs about money and how you approach it. What you feel about saving and spending represents your money mindset and is usually deeply rooted in your subconscious. Depending on how you approach money, you can either have a scarcity mindset or an abundance mindset. 

Even though thinking and talking about money can be stressful, developing the right mindset is crucial if you want to get closer to your financial goals. The important question is — how do you build such a mindset? Is it something you are born with, or can you learn how to have a positive money mindset later in life? 

Best tips for changing your money mindset 

Know your ‘why

If you are serious about making money, you must learn what works for you. You have to let go of what others are doing and what is working for them. What financial independence varies — for some, it can be earning INR 1 crore, whereas, for someone else, it can be only INR 50 lakhs. So it is important to know what your why is and stop comparing yourself to others. 

Move past your mistakes

Maybe you have missed a few credit card bills on time. Maybe you overspent and didn’t stick to your budget. But dwelling on your mistakes won’t do much. It will only make you upset and think about everything you could have done better. Since mistakes are not reversible, this is best avoided. 

Instead, focus on how you can do better going forward. Learn to forgive yourself when you make a mistake and start with a fresh resolve.

Commit to reforming your money habits

While you cannot achieve this overnight, this is an extremely crucial step toward changing your money mindset. You need to make a firm promise about changing your money habits. Start by reading books on financial management and watching useful videos available on social media. Follow finance influencers on Instagram who provides bite-sized tips to manage your money better. Listen to podcasts and attend seminars whenever you get a chance. 

The more you equip yourself with quality knowledge about money and put the tips to practice, the better will be your money mindset. You have to believe that you are capable of bringing in a change and take baby steps towards achieving it. 

Always have a positive approach toward money

A scarcity mindset doesn’t fare well for the money. If you are serious about earning thousands, you need to welcome money with open arms. 

An easy and effective way to achieve this is through financial affirmations. For instance, telling yourself continuously that you are living paycheck to paycheck and have limited finances, affirm that you can comfortably adjust your needs within the given budget and lead a happy life.

If you start believing that you are poor, your subconscious will make that your reality.  So avoid that and always have a positive mindset about money. 

Have a vision board

Visualization is an extremely powerful tool. It can help you achieve your goals. They provide a visual reminder, so you don’t lose sight of the bigger picture. 

Create a vision board for yourself and keep it in a place where it is easily visible. Add the various money goals you want to achieve. It could be investing INR 10,000 every month in a high-performing mutual fund or maybe setting aside a chunk of cash every month for an emergency fund. No matter what your goals are, write them down and take a look at them whenever you can. The visual cue can help you connect with your goals at a deeper level and give you the confidence to work towards them more passionately. 

Dream about your retirement 

Picture your life in the next few years when you have those thousands sitting in your account. Does it look like the life you would love to lead? Use that as your motivation to keep the fire in your belly alive. This will motivate you to make intelligent financial decisions and cut down on frivolous expenditures. Experts say that when you start visualizing your dream in great detail, it gives you the inner strength to work towards it. It makes it easier to put in the effort to hit the numbers.

Don’t believe in quick fixes

The internet is flooded with financial gurus who claim to have just the hack that can help you earn thousands overnight. Anything that sounds too good to be true is perhaps not true. Be careful about where you are getting your advice from. Don’t get duped to reform your money mindset. Always remember that this is a slow and steady process. If you use the right resources and make the right choices, you will achieve your goals. But if you try to take shortcuts, you may end up worse off than you started. 

Know that it is possible

Changing your money mindset is not an unachievable task. It is possible to reform how your view money and mend your relationship. Don’t see money as a scary object in your life — after all, it is the fuel that keeps various other things functional in life. 

You don’t need to be obsessed with making money at the cost of alienating everything else. But you surely need to have a kinder relationship with money. Your behaviour and financial habits will go a long way in ensuring how money multiplies for you. So know that you can get there, and nothing is out of bounds for you. 


Just keep going and keep believing in your efforts. It is possible to realize your dreams and you have it in you to do it.  Be disciplined about your finances, adopt the right habits, and watch your money mindset change for the better.