Financial Security Begins Within

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Mindset matters.

With the right mindset and hard work, achieving your financial goals are possible. However, you have to start by understanding and eliminating your negative thoughts. If you believe there’s no point trying to achieve your financial goals and to go for the life you want, then you’ll never achieve them. Therefore, you might be tempted to make choices that make your financial position worse.

Achieving a positive mindset can be difficult, but there are some proven techniques that’ll help you:

  • Take care of yourself physically and emotionally
  • Know where you stand financially
  • Set achievable financial goals
  • Make small changes
  • Try to see the positive and maintain a positive attitude

Your financial security and well-being are determined by your mindset. Financial security gives you the time and opportunity to do the things that might make you happy. Taking control of your financial life and changing the way you think can make a huge difference.

With a positive and determined mindset, you can set goals and make plans to achieve them. You’ll remain focused on your goals and create the extra money to save and invest toward achieving those goals.

For example, if you want to retire early, the way to do so is to make more money, spend less, and invest more. You’ll need to resist temptation to spend what you have or to not spend what you haven’t got.

Even with a positive mindset, you won’t achieve your goals overnight. But it’ll put you on the right track to take more control over your finances. 

There are three ways to take control and have more money to invest and accumulate wealth.

  • First is to make more money.
  • Second is to spend less.
  • Third is to invest for the long term and grow your money.

You’ll need to combine financial literacy with a plan and self-control. And when life throws you a financial curve ball, you’ll need to stay positive – remaining focused on your goals and not make excuses.

Financial security

Safety and security are incredibly important human needs. And, people must feel secure before they’re able to address their “higher-level” needs of belonging, esteem, and self-actualization according to Maslow’s Hierarchy of Needs.

Security expert Bruce Schneier states, “Security is both a feeling and a reality.” But feeling and reality can be quite different. “The reality of security is mathematical,” says Schneier. It’s all about the probability of risks and the effectiveness of corresponding countermeasures.

Most of people try to achieve financial security mathematically. We consider all the potential financial risks we face – unemployment, illness, unexpected costs, etc. – and try to determine reasonable countermeasures for each of those risks. You might not consider yourself financially secure until you have adequate emergency savings to last being unemployed for 6 months.

Security is a feeling on your psychological reactions to both risks and efforts to reduce risks. You can create a reality of security and still not feel secure. Similarly, you can feel secure and yet not really be secure in your current position.

When it comes to finances, you can stable employment, be in great health, and have money saved up – and still not feel secure with your money.

Financial goals are great, but if your fears and worries about money are holding you back, there’s a lot to be said for simply trusting in yourself and your abilities.

Build your savings. Find the ideal job. But also give yourself the proper credit for being able to make due when the unexpected happens.

Having a positive financial mindset is the foundation for taking control of your money and becoming more financially stable. Setting yourself goals, addressing and eliminating bad habits, and learning how to get a handle on your thought processes will help you to manage your finances and put you in a better position with all aspects of your life. 

References:

  1. https://www.moneymanagement.org/blog/what-does-it-mean-to-be-financially-secure
  2. https://www.dollarbreak.com/wealth-creation-mindset/
  3. https://www.credit.com/blog/why-financial-productivity-begins-with-w-positive-mindset/
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