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How to Stop Thinking Like a Poor Person

You can invest a lot of time into earning money and obsessively restrict your spending but still lead a poor life. In this case, it’s important to review your mindset around finances. And the solution to prosperity is simple: make some changes in your mentality, and your life will improve too.

5-Minute Crafts picked up some of the best tips that will help you positively transform both your financial and personal life.

Set challenging but achievable goals.

People with limited dreams and goals often find it hard to reach prosperity in their lives. Make sure you are always on the move and setting financial goals with precise deadlines for yourself. You can write down those goals to be able to visualize them better. If you clearly see targets you want to achieve, you will have fewer doubts and find the motivation to reach your goals.

  • Make your goals SMART. The abbreviation means that things that you want to achieve need to be specific, measurable, realistic to attain, relevant, and restricted by time. It helps you to set a clear vision of what you need and how you can achieve it.
  • Dedicate time for your goals. After you thought of what you want to reach and set up a deadline for yourself, plan the time. Think about how many hours a day you can invest into realizing your plans.

Change your focus.

If you often find yourself feeling helpless without any hope, you attract more negativity and stop yourself from developing your underlying potential. This can also be caused by your underlying struggles, like beliefs that you don’t deserve wealth. Jealousy of other people’s success makes you too focused on someone else, causing you to miss opportunities.

  • Pay attention to your feelings and recognize when you’re about to be caught in negative thoughts. Then try to distract yourself and set your mind on some other activity that brings you positive emotions.
  • Avoid judging yourself and your actions. Observe and analyze what you do daily, then always try to find the positive qualities and experiences that they brought you. In the end, let the situation go.
  • Offer your support to those who are less fortunate and need your support. This can help you to change your perspective, as some problems might not seem so bad anymore when you compare your own conditions to those of others.

Make changes in your environment.

People who surround you influence your thoughts, habits, and perceptions. Their negative emotions can be transferred to you and spoil the quality of your life. The pessimism of others can also prevent you from making positive changes. To grow as a person, you need to surround yourself with people who have an optimistic mindset.

  • Avoid those who constantly complain and show their dissatisfaction with life. Such people will only bring you down with them. Instead, seek out those who encourage others and share their support with those around them.
  • Connect with those who are smarter than you. Building relationships with them will help you to learn something new every day, discover your new capabilities, and ensure constant development.
  • Look for those who already achieved success in their lives. Such people often like to share their experiences, and they can serve as mentors.

Change your old money habits.

Review your daily routines to see whether or not there’s something that can sabotage your current financial state. For example, you may allow yourself to buy more if your income increases or you may not be used to tracking your finances and unknowingly spend more money than you should. Not saving a portion of your income every month can add up to a big problem.

Make use of the 50-20-30 rule:

  • Leave 50% of your budget for living expenses. Every month, write down your income and necessary expenses. Obligatory bills and fees will form your baseline spending budget. This will help you to see a clear picture of how much you have left after you pay for rent, transportation, utilities, and food.
  • Leave 20% of your budget for savings and investments. They can include saving up for a trip, buying a new car or a house, or saving up for retirement. Don’t assume that you need to fund it with whatever is left at the end of the month. Instead, set yourself an achievable and clear deadline, then divide the price for the amount of months. This way, you will know just how much you need to save monthly.
  • Leave 30% of your budget for discretionary spending. This money is for the things that you want but don’t necessarily need. These can be things like clothes, entertainment, and dining out.

Change the way you see money.

Many people make attaining wealth their purpose. Setting your mind on earning and saving more is not effective — it can be exhausting and dissatisfying. This can make you see money as a source of anxiety, fear, or disgust. Instead, it needs to be treated as a tool to achieve your goals.

  • Think of what brings you satisfaction and happiness. You will find yourself recalling things other than money. When you clear your mind of all your worries and concerns, you will see that making more money is not your ultimate goal. Instead, the financial part is just an instrument that can help you to achieve important things.
  • Write these things down and use this list as a reminder for yourself.

Practice daily gratitude.

Being thankful for the things you have in life encourages patience. This skill is a key factor in forming our future decisions, including saving money and spending it. This way, you learn to appreciate opportunities that you get in life (even if they seem small), improve your job satisfaction, and not get discouraged if you face failure.

  • Start your morning with a gratitude exercise. Spend a couple of minutes thanking yourself and the world around you for the things you have in life. Think of what you look forward to on this day and envision your success doing it.
  • Start journaling. Write down the things that brought you happiness and that you appreciate. Don’t neglect the smaller things, like having a tasty meal, seeing your friends and family, or having a friendly chat with colleagues. This routine can help you to reflect on your life and see how many positive things you go through that you might not have noticed before.
  • Replace negative thinking with a positive attitude. Analyze what can make you upset. Instead of letting it bring you down, try to find a solution. This can help you to get rid of pessimistic clutter and learn that there is always a way out of any situation.
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