How to Change Your Money Mindset and Make More Money Now

I talk a lot about money mindsets. Mostly because I think many of us are pre-programmed for financial failure.

When it comes to making more money, I can teach you all the moneymaking tactics in the world, but if your money programming is faulty, none of them will ever work.

The idea that your money mindset is in charge of your financial life isn’t new, although it isn’t yet universally accepted. Some people will dismiss my assertion that if you want to be financially secure, you’ll need to deal with your thoughts and beliefs first.

But if you’re frustrated, tired of being worried about the future, tired of living without enough, and wondering if you’ll ever be able to retire, maybe you’re ready to try something else.

My TEDx talk cited scientific evidence that people construct limits on their financial life with the language they use, and it might give you insight into your own limitations or concerns.

You know, of course, that if you want to produce new results, you’ll need to take new actions. So, once you’ve decided, your brain will become aware of opportunities you didn’t see before—so pay attention.

Not only that, but you’ll need to re-characterize yourself in the eyes of the people who know you by having new conversations with them. Think of these conversations as your declarations; your stake in the ground, after having decided.

Here’s the 4-step process I recommend to start making more money right now, today.

  1. Master Your Money Mindset
    If your money situation isn’t what you want it to be, you do have the power to change it.There are lots of experts who teach that every single thing you think or believe about money must be deconstructed, but that’s silly, not to mention overwhelming.I’ve discovered and teach a framework that is far more simple and effective.Your core money belief comes from your childhood, and is very simplistic. You might even think of it as a money myth.

    For example, someone who believes, “Money is complicated,” would consistently engage in things like hiding money, being mistrustful, keeping money at multiple institutions, perhaps even making agreements that they don’t keep, and lying about it.

    We all have filters for how we see the world, and a person’s actions in the world are always a function of how the world occurs for them (by the way, this explains why some people’s actions seem so bizarre to you). The person who believes that money is complicated would have a filter that made all of those actions make perfect sense.

    They would believe that their actions were in reaction to money being complicated, never realizing that it’s their own actionsthat have money be complicated in their life.

    Someone who believes, “I don’t deserve money,” will likely have a life where they either don’t make money or don’t make much money. Regardless of how smart, trained, and valuable they are, they will consistently under-earn their potential.

    When money does come into their life, they’ll give it away, take care of others first, perhaps under the guise of being generous and nurturing. If they manage to save a few dollars, they’ll feel guilty about it, even though saving money is the only way to have a sustainable and consistent lifestyle.

    If you’re always taking care of others first, it might feel noble to you in the present, but the truth of the matter is you are actually putting yourself in a position to be a burden to others later.

    In order to master your money programming, you have to first recognize it as programming. In Your Rich Retirement Academy, we talk a lot about systems. What are the systems and habits you have in place in your life that reinforce your beliefs about money?

    If you’re ready for financial transformation, once you map out the money habits you inherited from the past, you can create new systems consciously that allow you to make more money.

    One of my students who believed that it wasn’t okay to want money had spent her life living on a low income with lots of credit card debt. She was fed up, though, and ready for a change. Within a few months of completing Your Rich Retirement Academy, she had not only paid off her credit card debt, but had also started a side business and was earning more money!

    She was beaming when she told me that accepting that first paying client felt like a huge triumph over the past.

  2. Conquer Your Fears
    Fear is an emotion human beings evolved into having. It protected us, and helped the species survive. It had us move quickly when faced by a saber-toothed tiger, so it served a very important purpose.Now, however, most fears are simply evolutionary remnants that serve only to limit and trap us.For the mind, anything that isn’t already something we know we can survive causes fear. We often feel fear when faced with a situation that will expand or increase our potential. Opportunities for growth cause fear—and if you choose to act on the fear and stay in your own comfort zone, you’ll never make more money.One thing to note about fear: If you’re experiencing fear, what you are doing is imagining something happening in the future. It’s about something that is not happening now.

    In that sense, fear is irrational, and it functions to keep you out of doing good planning and taking actions to avoid bad outcomes.

    You might be afraid that you won’t be able to retire with enough, or afraid that you can’t fund your child’s education, and that fear might feel real, but notice that it’s not happening now.
    If you want to start making more money and have financial security, you have to control your fear. Being stopped by fear will keep you broke and make you feel broken.

  3. Decide that You Are Going to Make More Money
    How about that? Just decide.

    “If it is to be, it is up to me!”

    After all, you’re the only one responsible for your financial success.

    No one else.

    Not your partner, your spouse, your father, your friends, or your boss.

    To decide literally means to kill off all of the other alternatives—so if you’re really ready to make more money, you’ve got to first decide and get 100% committed.

    Right now, today, if you want more than you’ve got, the first step is to decide that you’re going to make more money.

    Your intentions have power!

    (Have you decided yet? Go ahead. Right now. It’s FREE.)

  4. Take New Actions, Fail Fast, and Improve to Build the Skill of Making More Money
    Once you’ve decided that you are going to make more money, the magic of the universe is that opportunities will present themselves for you to do just that, but you’ll have to recognize them.My money programming tells me that there’s never enough money, so of course I’m inclined to miss opportunities to earn it. I often think, “That’ll never work for me,” or, “I’m not qualified to do that.” But I’ve learned that those thoughts are often indicators that I’m being presented with a very valid way to make money!You know, of course, that if you want to produce new results, you’ll need to take new actions. So, once you’ve decided, your brain will become aware of opportunities you didn’t see before—so pay attention.Not only that, but you’ll need to re-characterize yourself in the eyes of the people who know you by having new conversations with them. Think of these conversations as your declarations; your stake in the ground, after having decided.

If you can’t think of what to say, here are some ideas to get you started:

  • “I’m looking to raise my household revenues—have you ever done that? Do you have any ideas for me?”
  • “I’m going to make more money this year than I did last year, so I’m trying to figure out how I’m going to do that. Do you know someone I should talk to?” 
  • “Have you ever started a side business or brought in side income? I’m going to learn some good ways to do that for myself. Do you have any suggestions?” 

Notice none of these sentences have the word, “need” in them. You’re GOING to do it, not need to do it. Lots of people need more money to live well—you’re GOING to make more money because you said so and you’re the only one who can make it true.

One important new action I recommend you take is to automate your finances.

Automating allows you to gain total clarity about exactly how much more money you need to make, how much you can spend to stay on plan, and helps to set up systems that guarantee the accumulation of money precisely for what you value most.

I coach people through the entire process of automating their finances in my personal finance and life transformation course, Your Rich Retirement Academy. I’ve been using automation in my own personal finances for years and recommend it to everyone!

Some of my students have used automation to pay off tens of thousands of dollars of debt, and others have used it to double and triple their savings. Automation has the added bonus of allowing you to accumulate funds for what you most want to spend money to do. Automating really works.

Become someone who says yes to things, and test ways to make more money. It’s a skill, and you build it over time.