HOW USING THE GROWTH MINDSET CAN GROW YOUR MONEY

While you’ll never be able to think your way to a million bucks, your beliefs about what it takes to succeed, combined with the way you approach problems, can profoundly impact your bank balance.

A few decades ago, Dr. Dweck and her colleagues answered those questions. Dweck found that people either have a fixed mindset or a growth mindset.

Introduction to Growth Mindset

With a fixed mindset, you believe your talents, skills, abilities, intelligence, and character are fixed. In growth mindset, you believe everything from your intelligence and capabilities to your overall lot in life is subject to change.

Difference Between Growth and Fixed Mindsets

How do you develop a growth mindset around money if you’ve spent forever thinking your skills and abilities stay fixed throughout life? Here are strategies to get started.

Embracing the Growth Mindset in 4 Steps

A simple and powerful way to shift your perspective is to put “yet” at the end of each sentence. The power of yet leaves open the door to positive change and reframes feelings around money.

The Power of Yet

Nobody who succeeds in life does so without their share of failure. Why? Because it teaches you what you need to do differently next time! No failure, no lesson.

Replace the Word Failing With Learning

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