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Be Wise With Money
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3 Ideas to Start Changing Your Money Mindset
May 31, 2016
If you were to draw a picture of your relationship to money, what would it look like? A spider web being pulled in all directions? A bottomless pit you are forever trying to climb out of? A speeding train about to derail?
Those are the pictures that come to mind for many people, says Brad Hewitt, CEO of Thrivent Financial and coauthor of Your New Money Mindset. But it doesn't have to be that way. By taking an honest look at your money attitudes and behaviors, you can develop a positive picture of your relationship with money.
Get started by taking the New Money Mindset Assessment.TM This free online assessment provides insight into how you perceive your relationship with money and offers practical, concrete steps you can take to develop a more positive picture that can help you shift from:
- Longing for security to living in freedom.
- Longing for independence to living in community.
- Longing for more to living in contentment.
- Longing for success to living your calling.
Here are three easy-to-implement ideas to help you get started:
Idea No. 1: Hold a give-away ceremony
Most early Americans were nomadic people, who carried their belongings on their backs or small human- or horse-pulled sleds. There was no advantage to having extraneous belongings; they would only hinder one's ability to travel.
The same can hold true today, even if only metaphorically. So rather than hanging on to what you have, carefully and thoughtfully go through your prized possessions to select items to give away. Then, the next time you meet a friend for coffee or see a stranger in need, invite them to participate in your give-away ceremony by accepting your gift.
Idea No. 2: Audit your checkbook & your calendar
When it comes to creating a healthier relationship with money, the most critical areas to monitor are money, time, talents and relationships. Two important tools for monitoring yourself in these areas are your checkbook and your calendar.
Your checkbook helps ensure that how you're using your money is in line with your values. For instance, if you value friendship, you may see that you've spent money on dinners with friends. If you value helping others, you may see contributions to your church.
Your calendar helps you manage your time, talents and relationships. If you value family time yet routinely find yourself at work instead of at home, it may be time to reschedule yourself.
Idea No. 3: Adopt a surplus mindset
Feeling safe is a good thing. However, as crucial as security is to our surviving and thriving, an unhealthy drive for financial security can lead to a scarcity mentality, which can result in a never-ending cycle of gaining more for ourselves before we share with others.
A surplus mindset, on the other hand, is when we truly believe we have enough – for ourselves and to share. Says Hewitt: "If people, especially Christians, could have a healthier relationship with money, it would change the world. People free from the slavery of a consumer culture could live openheartedly with their time, energy and finances."
What's your money mindset? Use this simple assessment to find out.
Looking to dig deeper? These study questions can help.
Order Your New Money Mindset today!
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