Changing my money mindset in 2012

I have always been pragmatic and somewhat skeptical of grandiose hyperbole. My common reaction to tv preachers or self help books saying that financial wealth was a state of mind was a combination of outright skepticism and disgust. After all people are paying money they probably can not afford to hear this message right? An experience last night taught me that my ideas about money are holding me back and that I need to change my approach in 2012 to achieve the success that I want.

What epiphany occurred last night? I attended a small informal work social function of about 20 people. I used to discount these types of events but now realize how important they are for building coworker rapport and advancing my career. These are the type of events where personal relationships are established, the type that matter when leadership planning sessions happen. Bonus points to me for finally embracing the importance of networking and informal relationship building.

So networking is important not exactly earth shattering right? Agreed but that is not my grand money revelation that I was talking about earlier. During the course of the evening in two separate conversations I made two remarks that illustrated my scarcity mentality when it comes to money. The first occurrence was when a local watering hole that specializes in exotic brews that was being mentioned as being good and I mentioned that it was good but overly pricey. My comment was true and agreed with but how did I come across and what exactly was the point I was trying to achieve? Was I trying to be perceived as economically wise, frugal, or otherwise come across as a downer? The truth is I did not have any agenda at all and was just using it a subconscious filler.

I paid the first event no mind and continued with the small talk of the evening. The second time money came up was with regard to a Christmas gift a colleague mentioned and I once again had the reaction of wow big baller that’s expensive. Fortunately, only one coworker was there for both events but it was enough to get a reaction of yo dude enough with the money talk. I think of him as an informal mentor so gave it some deep thought when he made that comment. I thought about it for most of the drive home, why did I feel the need to make money comments during fun idle small talk?

I came to the deep realization that most of the financial success I have achieved thus far in my life has been a result of frugality and a ruthless focus on value. I learned those values from my father and it has helped keep me out of debt and led to a worry free financial lifestyle. All well and good but perhaps it has also limited me and stopped me from achieving even greater things.

My resolution for 2012 is to train my mind to ready it to reap financial abundance. Specifically, that means that I will avoid the limiting mindset of focusing on cost alone. In addition, I will actively work to retrain my mind to avoid mentioning price or frugality with friends, family, or coworkers. It is neither fun nor charming to mention these things and I now realize I may be giving off impressions I do not want tied to me thanks to my coworker friend. Here is to a new mindset for a new year.


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2 Responses to Changing my money mindset in 2012

  1. Mark Slater says:

    That is a good thing to consider, especially at yuletide. Thanks, MTK.

    “There is that scattereth, and yet increaseth; and there is that withholdeth more than is meet, but it tendeth to poverty. The liberal soul shall be made fat: and he that watereth shall be watered also himself.” — Proverbs 11:24-25

  2. Pingback: Scarcity mentality example and why it is self defeating

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