I’ve always wondered if the way we think about money is actually important when it comes to attracting more wealth.

After discovering the concept of a millionaire mindset, turns out an integral part of personal finance is understanding the psychology of money, not just how you save and budget, but rather how you think about money.

In essence, what state your money mindset is in. This mindset is crucial to how you manage, spend and attract money into your life.


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What Exactly is a Money Mindset?

Our money mindset looks at how our beliefs, expectations, and feelings towards money influence our financial behavior, success, and actions.

Because out thoughts control our actions, effectively, this means that financial achieving financial success is an “inside job” and is more determined by the thought processes that occur in our mind rather than any external event.

Developing a negative money mindset can easily create a barrier between you and financial freedom.

What’s interesting is that this mindset is often developed unconsciously, forming from childhood experiences, external influences and cultural norms.

9 Major Signs you Need to Reset your Money Mindset

1) You find yourself constantly thinking about money

2) You feel uncomfortable talking about money

3) You avoid anything money related i.e. checking bank accounts, not opening letters etc

4) You don’t know where your money has gone

5) You overspend

6) You underspend, worrying about ‘running’ out of money

7) Your feelings drive your spending habits

8) You’ve got debt

9) If self-employed, you fail to see the value of your services and undercharge

Don’t worry if you have developed any of these pesky thought patterns, following the tips below as well as watching some of the best TED talks about money, you’ll be able to attract more wealth and reset your money mindset in no time.

Is there a Millionaire Mindset?

Absolutely. You don’t have to have a million dollars in the bank to start adopting a millionaire mindset.

The millionaire mindset focuses on making key decisions today that will improve your finances in the future.

Let’s say you run a business and want to turn over 7 figures a year. Someone who practices a millionaire mindset would try to see themselves ALREADY as a 7 figure business owner and make decisions from there.

This isn’t saying ‘what would you do if money was no issue’ but rather it forces you to stop obsessing purely over the financial aspect of the business. 

It gets you out of your worry space aka your head. You’ll make better investments, come up with more unique ideas and overall feel happier about the direction of your business.

If you want to learn more about this, check out ‘Secrets of the Millionaire Mind: Mastering the Inner Wealth Game’, a Wall Street best-seller by T. Harv Eker.

Eker, a personal finance expert, helps you generate a fool-proof money success blueprint that surprisingly doesn’t require knowledge about stocks, marketing, investing or anything of the sort! Super interesting read!

6 Best TED Talks to Reset Your Money Mindset & Attract More Wealth

To help reset your money mindset, attract more wealth into your life, and improve your personal finances, I’ve put together a curated list of the 6 best money TED Talks, all between 10 and 20 minutes long.

I’ve also included some shorter 3 minute actionable TED talks, all designed to improve your relationship with money.

1. What you Weren’t Taught About Making Money

What if making money was just like riding a bike, where the more you practice, the better you get?

While you may be familiar with money preserving skills like ‘save more’ or ‘spend less’, Sarah Potter explores the myths and realities of what it is really like to build the skills to make more money and grow your wealth.

Watch her fascinating talk here.

Related: 13 Things you Can Make That Sell Like Hotcakes Online

2. Sell Your Crap. Pay Your Debt. Do What You Love.

If you’ve ever wanted to just uproot and start a new life (but never knew how!), this is the talk for you.

In 2008, after the birth of his first child, Adam and his wife decided to sell everything they owned, pay off their consumer debt, and spend a year travelling abroad as a family.

They began sharing their journey in early 2009 on the blog Man vs. Debt, now 15000 subscribers strong.

In this fascinating talk, Adam shares his ups and downs in the areas of personal finance, consumerism, clutter, travel, and passion based entrepreneurship.

Quick Side Note

If you’re in debt, highly recommend you read Dave Ramsey’s book The Total Money Makeover which you can check out hereHe has helped MILLIONS of people climb their way out of debt and claim financial peace and security.

3. How to Buy Happiness

Ever wondered if money can buy happiness? Michael shows you just how it can…but it’s not quite what you’re expecting.

This talk encourages you to question what you’re spending your hard earned money on, and if it’s truly what you desire.

Related: 6 Genius Dave Ramsey Budgeting Habits to Save Thousands

4. Saving for Tomorrow, Tomorrow

Economist Shlomo Benartzi says it’s easy to imagine saving money next week, but how about right now? Generally, we want to spend it.

This is one of the biggest obstacles to saving enough for retirement, and this talk asks: How do we turn this behavioral challenge into a behavioral solution for early retirement?

5. It Doesn’t Take Money to Make Money

We LOVE this TED talk! All too often we hear the phrase ‘only people with money, make money’.

Hear Brandon Leibel’s story, the co-founder of Soundcloud, who proves this wrong.

Listen to his story of success filled with a lack of funding, innovative marketing ideas and heartfelt anecdotes. A truly inspirational watch.

6. One Life-Changing Class You Never Took

In this TED talk by Alexa Von Tobel, the message is simply about making smart financial decisions at present to have a brighter future.

Tobel claims that most Americans make at least 6-10 financial decisions in a day that worsen their money situation.

So to avoid a hard future, she proposes some rather clever, and effective suggestions.

More Money TED Talks We Love!

6 Ways to Improve your Relationship with Money

3 Psychological Tricks to Help You Save Money

Less Stuff, More Happiness

Know Your Worth & Then Ask For It!

Actionable Tips to Improve your Money Mindset Now

1) Recognize Self Sabotaging Thoughts

The first step to resetting your money mindset and becoming a magnet for wealth is being self-aware of the thoughts that keep you stuck.

Thoughts such as those listed below are extremely common, and often originate from our childhood:

‘I’ll never have enough money to do that’

‘I’ll never get out of debt’

‘People like me don’t make that kind of money’

‘I’ll never make as much as so and so’

Keep track of what negative, self-sabotaging thought pops into your mind every time you start to make progress; you’ll probably notice a lot of them. And that’s a good thing!

A good, unbiased way of tracking how you subconsciously think of money is to write down everything that comes to mind when you think of it.

Do you think I’ll find a way to make an extra $500 this month, or do you think where am I going to find an extra $500 this month? Subtle difference but it shows a different way of thinking.

2) Appreciate What You Have Whilst Looking Forward

When you notice lack, it can be incredibly hard to appreciate what you have in front of you.

Oprah defines this well, ‘Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough’.

And there’s some science behind this. This appreciation for the here and now gives you sense of sheer joy, whilst releasing attachment to possible future outcomes.

The result? Less worrying about scenarios that may or may not happen, and more action towards actually achieving your goals.

Understand that not every burden is truly a burden either; take student loans for example.

The average American has $29,800 of debt when they graduate, and whilst debt isn’t great, it allowed you to gain skills to hopefully enter the workforce of your choice. Ease your mental stress and focus on transforming a negative into a positive.

3) Define What you Really Want

This is a classic strategy from the international best-selling personal finance book, ‘Think and Grow Rich,’ by Napoleon Hill. One of his effective strategies for improving your money mindset is to simply get clear about what you desire, and when you aim to achieve it by.

If you desire to become self-employed and make $10,000 a month, write down how and when you want to achieve that goal by.

It’s super simple but most people never actually take the time to get clear on what they want above and beyond ‘more money’.

Clear, concise and time-oriented goals are best.

4) Forgive Yourself For Past Mistakes

As Alexa Von Tobel’s Ted Talk says the average American makes 6-10 financial decisions a day that harm their financial situation long term.

But it’s impossible to go back and change those decisions made in the past. You were only doing your best at the given time, so don’t beat yourself up over it.

Give yourself explicit permission to move on and see those mistakes as opportunities for growth.

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