Money Mindset: How the Victim vs. Victor Dynamic Shapes our Financial Outcomes

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 15 June 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the single-most impactful determinants of our outcomes in life is our self-concept: Our identity. Whether we see ourselves as the victims of circumstance or victors over our challenges. It plays out in everything from miscommunications at work to compensation conversations. The victim mindset tells you that you're not in control of your outcomes, while the victor's mindset acknowledges that—while life isn't fair—you have some control over your outcomes and are capable of overcoming the challenges you're presented with. At the crux of it all is a sense of control. Sometimes, we ascribe to a victim mindset and undermine our own resilience, capacity, and control—and stand in our own way in the process. Making the conversation more complicated? The reality of victimization and privilege. My guest today, Dominick Quartuccio, gives us a three-step framework to rewire these negative thought patterns, design a future we can "live into," and regain control over our lives and finances. -- Follow Along Dominick Quartuccio: https://www.dominickq.com/ Ayishat Akanbi's book, The Awokening: Clarity, Culture ,and Identity in the Web of Chaos Listen to Money with Katie here: https://www.podpage.com/money-with-katie-show/ Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie/ Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie This episode is sponsored by Betterment. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back rich girls and guys to the Money with Katie Show.
0:09.9	I'm your host, Katie Gatti Tossan and today we are talking about an aspect of money mindset
0:16.2	and more broadly life mindset that has far reaching complex implications and different
0:24.8	meanings for different people, that you can have a victim mindset or a victor mindset.
0:31.8	There's a lot to unpack here.
0:39.8	Let's start here.
0:41.3	What's the difference between a victim mindset or identity and a victor mindset or identity?
0:48.3	The crux of the difference comes down to control.
0:53.1	The mindset tells you that you're not in control of your outcomes and that life isn't
0:57.4	fair.
0:58.4	So there's no reason to try.
1:00.2	You might even find yourself defending your right to stay where you are, even if it's
1:05.4	not the place that you actually want to be.
1:08.4	And there is some comfort in what you know and sometimes the resultant negative feelings
1:13.5	of victim mentality are, while negative, the devil we know, victor's mindset on the other
1:19.7	hand acknowledges that life isn't fair and believes that you can regain some control
1:26.2	over your outcomes and that you are capable of overcoming the challenges that you're presented
1:31.2	with.
1:32.2	It puts the ball back in your court.
1:35.4	Now control over your own life and outcomes is the key here.
1:40.3	If you believe whether consciously or subconsciously that you're not in control, you can't then
1:46.1	claim credit for the bad or the good things that happen to you and over time that can
	...

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