How to Fix a Broken Mindset

Time to‌ ‌talk‌ ‌states of mind. You can have one of two different mindsets. You can either have a growth mindset or a broke mindset.

I'll give you an example of a broke mindset. And, most importantly, how not to think.

A while ago I posted this short film in which I shared that I took my family of 6 to an all-inclusive resort in the Dominican Republic. Guess how much I paid? Nothing.

How was I able to arrange a free trip for my whole family? I used our credit card reward points.

The very first comment I received was something like, "the $50 annual fee pays for itself, I guess."

Seriously? Guess what? What if I dropped $50 for the annual fee. Definitely worth getting a $15,000 vacation for this. I mean, just do the math. $15,000 versus $50.

That, my friends, is a broke state of mind. And I don't want any of you broke. So, let's go over some ways to break away from a broke mindset.

Table of Contents

What is a broken state of mind?

The first thing we need to do is define what a "mindset" is.

Basically, it's a set of beliefs or thoughts that determine how we behave, think, and feel. ‌ Let's dig into this more precisely. This is how you think about finances.

When you have a broke mindset, it affects how you think about money. ‌In this case, you think negatively about finances if you have a broke mindset.

Your bank account is still empty. ‌You‌ ‌have no savings. ‌Plus, you're probably also surrounded by broke people‌ ‌. And,‌ your idea of ​​happiness is winning the lottery or having more money.

Wealthy people, on the other hand, share a consistent trait:‌ ‌a growth mindset‌ ‌. It's really nothing more than personal growth and perseverance until you reach your goal.

In short, the difference between a broke mindset and a growth mindset is perspective. When you have a broke mindset, it's negative. But, it's more positive when you adopt a growth mindset.

How do you know if you have a broken mindset?

So, what mindset do you have? Sometimes it's obvious. But, if here are some telltale signs that you have a broke mindset.

Thought was breaking all the time. Is your mind still focused on ‌ ‌how‌ ‌broken‌ ‌you‌ ‌are? ‌Tell yourself things like "I have no chance of being rich" or "I can't handle money". Think about it enough and it becomes true. Expenses exceed income. Do you spend most of your money as soon as you get it. Are you in debt trying to keep up with the Joneses? Both are signs of a broke mindset. Wants come‌ ‌before‌‌‌‌‌needs. Having a broke mentality means you don't know what's important. ‌Since you wasted your last paycheck on unnecessary things, you may have to make late payments for basics like rent. You don't save or invest. Those with a broke mindset also complain of not earning enough to save or invest. ‌You can always set aside some of your income to put in your savings account or to invest, even with a modest income. You prioritize quantity over quality. People‌ ‌with‌ ‌a broke mentality usually buy cheap things. ‌They think it's a waste of money to buy expensive items. ‌Unfortunately, cheap is often‌ ‌expensive in the end. It is difficult for you to‌ ‌think‌ ‌outside‌ ‌the‌ ‌box. Your financial situation can become stagnant if you make excuses and never think of alternatives. You‌ ‌think in terms of scarcity. Money is considered a finite resource that you must hoard so no one else can get it. ‌Despite your best efforts, you feel like there will never be enough. You also focus on what you don't have. Ways to mend your broken spirit

I know that admitting you have a broke mindset isn't easy. But it's the only way to shift into a growth mindset. After that, you can try the following to help fix your broke mindset.

Live each day with purpose.

Every day you need to wake up knowing what you are going to do. Or, better yet, ask yourself, "How are you going to get through your day?"

Rich people don't get out of bed at 9 p.m. and then say, "hmm, what am I going to do today? What am I going to focus on today? What business am I going to do?" -I...