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Money and Mindset

Not long ago, I was reading an article of a recent survey where some psychologists noted the top ten qualities needed for a good relationship. I found the four top qualities could also be applied to finances: 1. respect, 2. communication, 3. safety, and 4. Trust, all filtered through a positive attitude and mindset. Ideally these truths are thought of between humans in companionship. As a Tax Accountant that specializes in trust taxation, however, I teach the same principles to clients as they relate to their relationship with money. You have to have a positive connection with money. How you connect to money will determine how long it stays in your life and how well it works either for you or against you. How you view money is important and viewing it in a positive way makes all the difference.

  • Money is a servant and never a master. How would you treat a person serving your food? Respectfully, prayerfully, with all things being equal. This should be no different in how you treat money, as money helps serve our visions, missions goals, and dreams. Respect is warranted
  • Money is a solution. The Bible says money answers all things (Ecc.10:19). Most see communicating about money as a taboo subject. Many of us have experienced anxiety, shame, or embarrassment when asked to talk about income, net worth, and other money topics. Even wealthy parents have confessed to me that they find it difficult to discuss money with their children due to fear of not wanting them to react arrogantly. We should never see it as a problem to communicate about money with others. Money should be viewed as an answer. Even the lack thereof requires healthy communication to overcome. Letting go of the stigma of communicating about it is an answer to overcoming the lack of it.

Several years ago, I hit rock bottom. One of the greatest tools I learned in my journey of financial recovery is how I relate to money, which either made me a money magnet or a money repellent. Our mindset is a huge determining factor of our wealth status. Since I shifted how I relate to money, I am now afforded to be in partnership with the right tools and structures needed where money now produces itself passively and annually for me.

  • Money needs protection to thrive. Locating safe places where your money can grow and produce more of itself is ideal. Use wisdom, and research the risk and rewards for the places you leave your money to provide safe dwelling places where it will produces more of itself for you and your family.
  • Money can be trusted in your care. The very fact that money found you means you can be trusted with it. The instincts you have that granted you the grace to have money on your team is the same gift used to keep it and grow it. Trust your instincts, they give good advice.
  • Money should never lead you. Money, out of position, will lead you into wrong choices may even require you to break rules to obtain it. Should you allow money to ever become your master rather than servant, rest assured destruction awaits your future.
  • Money is a gift! Maintain a heart of gratitude in having money. Be a good steward over it, consider the source of the place you are leaving your money, seek to know the motives of the place you leave it to serve.

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