In this episode of the Mind Money Soul podcast, Iām going to be sharing the difference between having a wealthy mindset and a rich mindset.
Now, you might hear the words 'wealthy' and 'rich' and think they mean the same thing, but when it comes to mindset there is a HUGE difference. Iām going to be breaking down why you want to be adopting a wealth mindset if you want to create a life of financial freedom and happiness. The first step is identifying what wealth means to you and getting really clear on your why. If your answer is 'freedom', what does freedom mean to you? Sometimes we throw out answers that are fluffy and intangible, but we don't actually know what they mean for us. For example, when I think about my version of wealth in the short term, it means being able to travel with my business, grow my investments and afford to live in London whilst still being able to afford to explore the world. My long term idea of wealth is working less, travelling more, being able to look after my health and prioritise wellness, choose how I spend my time, live a certain level of luxury and have financial stability.
When you have a rich mindset, the focus is on money, materialistic things and numbers, but when you have a wealth mindset, the focus is on health, time, freedom and the ability to choose. Materialistic things fade; itās ok to want them but if this is your only goal youāre not going to feel fulfilled. Money canāt buy you friendships, love, family, experiences; spending your money on things and items doesnāt last or satiate. Having the habits and rituals of a wealthy mindset will build your wealth over time and create a life financial freedom.
In this episode:
- How to identify and break down what wealth means to you
- What a rich mindset looks like
- What a wealthy mindset looks like
- How to apply a wealthy mindset to your business and life
- The value of investing and how to create your dream life
- How to reverse engineer your big happy goals with a wealthy mindset
Resources
Download the ULTIMATE annual money planner
Connect with me onĀ Instagram, onĀ LinkedInĀ or onĀ TikTok
Send me anĀ Email
Book aĀ Money Mindset Exploration Session
Get a copy of my FREEĀ Monthly Spending Planner Template
Get a copy of my FREEĀ Money Date Template
Join Becoming Debt Free
Join Ā The Feel Good Investor