Building a Money Mindset: Rewiring Your Beliefs for Financial Success

Summary

This video encourages viewers to build a positive money mindset by reprogramming their beliefs about money. Bisa, a financial advisor and author, emphasizes the importance of speaking positively about oneself and money, reflecting on past negative beliefs, and understanding their origins. She shares personal stories and advises viewers to surround themselves with positive influences, as these can significantly impact one's financial outlook and success.

Takeaways

• 💡 Rewire your beliefs: Reflect on your personal beliefs about money and how they may be affecting your financial life.
• 🌟 Positive self-talk: Speak to yourself as you would to your best friend, avoiding negative self-talk about money.
• 🚫 Avoid negativity: Recognize the influence of negative thoughts on your financial mindset and work to counteract them.
• 🔄 Change limiting beliefs: Understand that past financial situations do not define your future success with money.
• 🌱 Focus on the belief: Instead of obsessing over 'how' you will achieve financial goals, focus on the belief that you will and take action.
• 🔮 Embrace the miraculous: Allow for the possibility of unexpected positive outcomes by not overthinking or limiting your financial possibilities.
• 📚 Understand your money story: Your past experiences, especially those related to money, shape your current mindset and can either help or hinder you.
• 🌐 Expand your horizons: Engage with diverse people and experiences to broaden your perspective on what is financially possible.
• 💪 Build confidence: Confidence in your ability to achieve financial success is crucial and can be nurtured from a young age.
• 👫 Surround yourself with positivity: Choose to be around people who uplift and support your financial aspirations.
• 🛡️ Guard your mindset: Recognize when you need to distance yourself from negative influences to protect your positive financial mindset.

Q & A

What is the main focus of the video?

The main focus of the video is to help viewers build a positive money mindset and understand how their subconscious thoughts and beliefs can affect their financial success.

What is the speaker's profession and what has she authored?

The speaker, Bisa, is a financial advisor and has authored a book titled 'How to Save It and Lots More'.

Why is it important to rewire our beliefs about money?

Rewire our beliefs about money is important because our subconscious thoughts and negative mindset can hinder our financial success and limit our potential.

What is the speaker's advice on speaking about money?

The speaker advises that we should speak about money in the same positive way we would speak about our best friend, avoiding negative self-talk and reinforcing positive beliefs.

What is the significance of not focusing too much on the 'how' in achieving financial goals?

Focusing too much on the 'how' can limit the miraculous and prevent us from allowing for unexpected opportunities and outcomes. It's important to have faith and focus on the belief that we will achieve our goals.

What does the speaker suggest doing when reflecting on negative beliefs about money?

The speaker suggests reflecting on past negative experiences with money, understanding that one situation doesn't define us, and recognizing that our mindset can change and improve.

How does the speaker's personal story illustrate the importance of not putting limiting beliefs on financial success?

The speaker shares a personal story where she had doubts about achieving a financial goal but learned not to focus on the 'how' and instead focus on having faith and doing the work, which led to success.

What is the impact of our past experiences on our money story?

Our past experiences, such as family and friends' financial situations, can shape our beliefs about money and either help or hinder our financial mindset and success.

Why is it important to surround ourselves with positive influences when it comes to money?

Surrounding ourselves with positive influences helps maintain a positive mindset, encourages growth, and prevents the negative impact of others' pessimism on our financial beliefs and goals.

What should we do if we find that our current environment is not conducive to a positive money mindset?

If our current environment is not conducive to a positive money mindset, we should not be afraid to move and seek out new influences and relationships that support and encourage a positive outlook on finances.

How can we counteract negative beliefs about money?

We can counteract negative beliefs by consciously choosing to stop negative thought patterns, moving directly to positive affirmations, and speaking confidently about our financial goals and abilities.

Outlines

00:00

💰 Building a Positive Money Mindset

The first paragraph introduces the concept of a 'money mindset' and its potential impact on financial success. The speaker, Bisa, a financial advisor and author, emphasizes that common beliefs about money being scarce or hard to earn may be self-limiting. Bisa challenges viewers to rewire their beliefs about money, suggesting that negative self-talk and societal conditioning can hinder financial growth. The speaker encourages viewers to reflect on their past experiences with money and to consider how these might have shaped their current beliefs. The paragraph concludes with a personal story from Bisa about overcoming limiting beliefs and trusting in the process of achieving financial goals.

05:01

🌟 The Power of Confidence and Positive Influences

The second paragraph discusses the importance of confidence and positive influences in shaping one's financial outlook. Bisa shares personal anecdotes about growing up with a supportive family that fostered a belief in her ability to achieve anything. The speaker also talks about the significance of surrounding oneself with positive people who inspire and uplift rather than those who bring negativity. Bisa stresses the importance of having a positive money story and the ability to rewrite one's narrative. The paragraph ends with a reminder to be selective about the company one keeps, especially when it comes to financial discussions, and to seek out those who contribute positively to one's mindset about money.

Keywords

💡Mindset

Mindset refers to the established set of attitudes held by an individual. In the context of the video, it specifically addresses one's attitude towards money and financial goals. The video suggests that a negative mindset can hinder financial success, and the speaker encourages viewers to rewire their beliefs to foster a positive money mindset.

💡Financial Goals

Financial goals are the targets an individual sets for their economic future, such as saving, investing, or earning a certain amount of money. The video emphasizes the importance of having a positive mindset to achieve these goals, as it can influence one's approach to money management and wealth accumulation.

💡Scarce Resource

A scarce resource is something that is limited and not available in quantities sufficient to satisfy all demands. The video mentions that many people are conditioned to view money as a scarce resource, which can lead to a belief that it's difficult to obtain or maintain, thus affecting one's financial behavior.

💡Success

Success, in the video, is portrayed as the achievement of financial prosperity or the realization of one's financial aspirations. It is used to contrast the idea that money is hard to come by, showing that despite technological advancements and varying economic conditions, success is attainable.

💡Rewire Beliefs

Rewire beliefs is the process of changing one's fundamental attitudes or beliefs. The video suggests that by reevaluating and altering one's beliefs about money, individuals can develop a more positive outlook, which is essential for building wealth and achieving financial goals.

💡Negative Mindset

A negative mindset is a pessimistic or defeatist attitude that can influence one's actions and decisions. The video discusses how a negative mindset towards money can create self-fulfilling prophecies of financial struggle and suggests overcoming this by adopting a more positive perspective.

💡Overdraft

An overdraft occurs when a bank account has insufficient funds to cover a transaction, resulting in an overdraft fee or penalty. In the video, overdraft is used as an example of a financial situation that might contribute to negative beliefs about money.

💡Money Story

A money story refers to an individual's personal narrative or history with money, including past experiences and influences that shape their financial behavior. The video encourages viewers to understand and potentially rewrite their money story to foster a healthier relationship with money.

💡Positive Influences

Positive influences are people or factors that encourage or inspire positive behavior or attitudes. The video emphasizes the importance of surrounding oneself with individuals who have a positive outlook on money and life to help maintain a strong and optimistic money mindset.

💡Confidence

Confidence is a feeling of self-assurance arising from one's abilities or qualities. In the context of the video, confidence is highlighted as a key factor in financial success, as it can empower individuals to pursue their financial goals and overcome challenges.

💡Limiting Beliefs

Limiting beliefs are restrictive, self-imposed ideas that prevent an individual from achieving their potential. The video discusses how these beliefs can hinder financial growth and suggests that viewers should challenge and overcome them to unlock their full potential.

Highlights

The video discusses the impact of mindset on financial goals and suggests that subconscious thoughts might be affecting one's financial situation.

Many people are conditioned to believe that money is scarce and hard to come by, despite evidence of success in various parts of the world.

The speaker introduces herself as Bisa, a financial advisor and author, setting the stage for her expertise in the subject matter.

The first step to building a money mindset is rewiring beliefs about money, challenging negative thoughts and self-talk.

The video emphasizes the importance of speaking positively about oneself and one's financial situation, just as one would with a best friend.

Negative beliefs about money can stem from financial struggles, such as overdrafts or credit card debt, but these should not define one's overall financial capability.

The video encourages viewers to reflect on past negative beliefs about money and to challenge these beliefs as they do not define one's financial future.

Bisa shares a personal story about overcoming limiting beliefs and the importance of focusing on the belief of achieving financial goals rather than the 'how'.

The video suggests that doing the work and having faith are crucial components of achieving financial success.

Understanding one's money story, including past experiences and influences, is key to recognizing and changing limiting beliefs about money.

The video highlights the importance of speaking positive affirmations and training the mind to believe in financial possibilities.

Bisa emphasizes the power of confidence in shaping one's financial beliefs and the potential to achieve financial goals.

The video discusses the influence of family and environment on one's money mindset and the potential to rewrite one's financial story.

Surrounding oneself with positive influences is crucial for maintaining a positive money mindset and avoiding negative financial attitudes.

Bisa advises on the importance of choosing the right company to avoid being a 'Captain Save-a-hero' for those who may negatively impact one's mindset.

The video concludes by encouraging viewers to be positive influences themselves and to seek out and maintain relationships with those who support a healthy money mindset.

Transcripts

have you ever thought about your mindset

when it comes to your financial goals

believe it or not it might be our

subconscious thoughts and a bit of a

negative mindset that may be affecting

our money if you are looking to build a

money mindset this video is for you many

of us and I mean many have been

conditioned to believe that money is a

scarce resource and also that it's hard

to come by but clearly we can see in

different parts of the world that

somehow people are becoming really

successful especially in light of how

much technology and the internet has

advanced in the last decade so if other

people can get money so can you if you

don't know me by now hello my name is

bisa I'm a financial advisor author of

how to save it and lots more but let's

get straight into this video number one

rewire your beliefs what do you truly

believe about money do you feel it's

difficult to make money or do you tell

yourself that money is the root of all

evil that is a very misquoted scripture

by the way in the Bible but what do you

believe about money and what do you tell

yourself about money something that I

always have to tell people when I do

like workshops and talks is the way you

would speak about your best friend is

the same way you need to speak about

yourself so if you said things like oh

I'm broke and stuff like that you would

never turn to your best friend I hope

and say oh I'm broke oh you're broke and

things like that you have to be so

careful with with your money beliefs and

even the words that come out of your

mouth because they matter now this may

sound strange but one of the best ways

to think about whether or not you have a

positive mindset is think about how you

think about money negatively and what

influences you to think that way so for

example it could be that maybe you're in

your overdraft maybe it could be that

you can't pay off your credit card in

full or you may feel like you are taking

money from your savings account and

putting it into your current account and

it never tends to stay there and

sometimes when those things happen and

those events happen sometimes we start

to have negative beliefs about money if

you've been there before you know what

I'm talking about but one situation

doesn't Define you the way when you were

in school one bad grade did not Define

how well you did in the entire subject

one moment or even a couple of moments

with money doesn't necessarily mean that

you are bad with money and you should

have a negative mindset now let's take a

moment to reflect can you think of a

Time when you have had negative beliefs

about money now let me tell you a little

Story by the way if you haven't already

make sure you like make sure you

subscribe but let me tell you a little

story there has literally been a time in

my life where I am like I don't know how

it's going to work out I don't know how

I'm going to make X and because of that

I put limiting beliefs on it although I

very much had Faith at the time it was

kind of like how am I going to get there

and one of the things that I have

learned is do not think about the how

too much just focus on having the belief

you're going to get there and also doing

the work okay that's important and doing

as much as you can cuz something I truly

say often is God met me like I always

say great things happen and my friends

say you work hard and stuff but I'm also

like I also have faith I ask God if he

can meet me where like where I feel like

I've done as much as I can and sometimes

when you question how it's going to work

out and you try to process things too

much you don't allow for the miraculous

so it's really important that you truly

think about how your negative beliefs

are maybe getting in the way of the

process that is not your business your

business is to do the work your business

is to have a positive money mindset and

yeah have positive thoughts about you

and your money Story number two

understanding the impact of your money

story now all your past

experiences they can really add up to

how you think about money so for example

what was your situation like with your

family what was it like with your

friends when it comes to your money

story and how has it helped you or how

has it potentially hindered you cuz

sometimes I I speak to a lot of people

about about money in real life as well

and I can tell that sometimes the

ceiling that they have built has a lot

to do with maybe what they have seen and

what they think is possible but the more

I speak to people the more I travel the

more I just have great conversations

make great connections I am like we can

do anything but we have to be able to

say these things out loud and in our

mind and really train ourselves to say

that certain things are possible I know

people who grew up in the Hood the hood

hood pre gentrification who are doing

amazingly well stupendously well and

then when I come across someone who is

now you know maybe in the hood and maybe

they're a teenager and they're like

that's not possible for me I'm so happy

that I have real life representation to

say actually this is honestly very

possible but the point is I know one

thing I'll say don't feel like you need

to see it to believe it cuz some people

don't want to live their lives quietly

they don't want everyone to know what's

happening with them however I always

look for inspiration anywhere and

everywhere and I say and literally this

could be anyone I'm like if it can

happen for them it can happen for me and

I remember having that confidence from a

very young age and a lot of confidence

is important when it comes to your money

beliefs cuz it's not just about money

but it's about what you can do with the

money how you can bless other people how

you can of course bless your own life as

well and just how you can just grow in

your faith but for me it's like I've

always had Confidence from a very young

age like I remember saying something

about oh when I'm older I'm going to run

a software company like why not cuz

everyone used to call me the silly name

called bulby I can't remember where it

came from um and I thought oh like a

bulb and stuff and I was like I don't

know maybe as it grows in the future

I'll have an IT software company I

remember someone being like Oh how can

you just say that and I was like say

what like you'll have a company and I

was like yeah why not and I know that my

positive mindset with money and just

even with myself and my dreams and what

I can do has a lot to do with my family

and the ability that they gave me to

believe I can do anything but just also

in the house like my mom does not utter

a negative word and I see how much that

that has influenced Me growing up

however even if you haven't had that at

home and you haven't had the best story

you can still rewrite your story today

you can still say positive things and

sometimes what you have to do to

counteract the negative is sometimes say

stop don't do that and move straight to

the positive and speak confidently cuz

let's be honest with the economy and the

world there's so many things that could

easily make you feel down but it is

completely up to you to just say listen

we are not doing that we are going to

speak positively about our story and our

money story number three surround

yourself with positive influences now

listen this is this is about life it's

about business it's about money I do not

play with who I choose to hang around if

I feel like someone is a constant drag

down I am like I don't know if I can be

around you because it is hard enough in

this life in today's world trying to

lift yourself up let alone trying to

lift somebody else up and we cannot be

Captain sa hero for absolutely everybody

there are some people we love and were

willing to do that and say you need to

think about your mindset but that cannot

be our full-time job because what's more

important is you know what they say when

you get on a plane put your mask on

first so if you feel like you are not in

a strong enough place to um help someone

else and still stay positive I'll be

honest I would say don't help them I

would say help yourself because so often

i' definitely say especially as women

cuz you know this is for my female

audience but hey to the guys who watch

it's so easy for us to feel like oh I

want to help this person I want to help

that person we incredibly nurturing but

at what cost if it means that like you

don't have a positive mindset or your

mindset is slipping then you need to

just you need to guard it and you also

need to be around people who are

positive and you know not to to my own

horn but one of my friends was talking

about her dreams what she wants to do

and she wants to go International and I

said to her I believe that you can do

anything you put your mind to and you

can make as much money as you want in

this life because I have seen what you

have done based on where you have come

from so but I know at times she just

wants to like Echo out her thoughts out

loud and um she's also such an important

and great influence to me I don't want

to get emotional but she's such a great

influence to me as well and like some of

the things she says I'm like oh my gosh

this is a big deal and she's just like

do you know where else you're going in

life that you think this is a big deal

and I'm like oh okay I like a bit of

that but my point is like it's so

important to have those positive

influences and I understand some people

have bad days so I'm not saying

everything is happy positive clappy

clappy let's get this money n my point

is like you want to be around people and

be someone who gets the importance of of

being a positive influence in general

but also when it comes to your finances

not speaking badly about their finances

or maybe even potentially about yours

and maybe not always pocket watching and

checking what you can and can can and

can't afford cuz I've seen those before

and yeah um it's just so key that you

are around the right people and if you

don't feel like you are don't be afraid

to move we are not trees if you've

enjoyed this video make sure you give it

a thumbs up make sure you subscribe and

I'll definitely see you next time