This is Optimal Finance Daily, episode 1058, the money mindsets that are keeping you broke

by Jen of frugal-moleennial.com.

And I am Dan, I am your host here at Optimal Finance Daily, where I read to you every single day of the week from some of the very best personal finance blogs on the planet.

For now, let's get right to the post and start optimizing your life.

The money mindsets that are keeping you broke by Jen of Frugal-Milennial.com.

The first step toward creating a better financial future is to change your mindset.

When you think about money, what comes to mind first?

Do you think about the student loans you still have or the bills you can barely afford to pay?

Most of us have many negative thoughts and feelings about money.

We might feel like we never have enough and that will always be broke. We might be

be stressed, anxious, or depressed about our financial situation.

Continuing these unhealthy beliefs and thought patterns

will not help you to improve your finances.

Here are some of the most common money mindset problems and how you can fix them.

Scarcity Mindset.

Many of us have a scarcity mindset when it comes to money. We feel like we're always running out of money and we worry that we'll never have enough.

Money feels scarce.

You associate money with security and you want to have more money so you can either

hoard it, feel safe, or spend it before it's taken away by bills and debts. This type of

mindset is rooted in fear. You may think things like money doesn't grow on trees. I can't afford it.

I'll always have debt. I'm a victim of society and there's never going to be enough

money. The solution to the scarcity mindset is an abundance mindset.

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