How to create a positive money mindset

So often, Americans feel bad about their finances. Fortunately, there are many tips and tools to change their mindsets and achieve success.

In the premiere of Money Glow Up, “The Budgetnista,” Tiffany Aliche sits down with financial therapist Aja Evans to address anxieties Americans face about their finances and deliver a plan for how to create a positive money mindset. When it comes to learning to trust yourself financially, Evans breaks it down into three easy steps:

1. Practicing positive affirmations daily will help build self-trust and create a healthier relationship with money.

2. Try journaling to reflect on internal distrust and work through insecurities to develop a more positive money mindset.

3. Seeking guidance and support from trusted professionals and even loved ones.

“What I want to do is help people come back to the space of trusting themselves so they can make the money moves that make them feel good and live your best life,” Evans says.

Aliche summarizes this discussion in the best way possible: “No matter what financial position you find yourself in, there’s hope.”

To learn more about Evans’s work, tune into this week’s episode of Money Glow Up.

Step into the classroom with Money Glow Up every Thursday at 12pm ET with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

This post was written by Lauren Pokedoff

Video Transcript

Is there ever such thing as a healthy relationship to debt?

And what does that actually look like if that exists?

I want to say yes, I tend to see people who feel like they’re really struggling with carrying debt.

So my perspective sometimes is coming from a point of people feeling really bad about their debt.

But the thing about debt is sometimes it allows you to get things that you would not be able to get if you didn’t have the debt.

So for instance, a mortgage, student loans, I have student loans, there is no way I could have paid cash for my graduate degree.

So taking on student loans is really important for me to be able to do the work that I’m doing now.

Story continues

And that is really meaningful to me.

So it is not all bad, it is not all doom and gloom, even though we have the great debate of what’s good debt, what’s bad debt.

And I think what happens for people a lot of times is they feel really shameful.

And I hear that the most around credit card debt, personal loans or sometimes car debt, if they’re like, listen, I need that fly whip and they went and bought a car that maybe was a little outside of their budget and now they’re feeling really bad about it.

So past money mistakes really impact people and how they feel about themselves.

But the debt might be the catalyst.

So, oh, I love that.

You said that because what it sounds like you’re saying is that it’s not the debt itself is what it brings out of you 100% not the debt.

It’s how you feel about yourself because of the.

Ok.

So would you say that, you know, maybe your relationship with money growing up as a kid, does it come from your parents?

Where does that, how you feel about your self as it relates to the way you navigate money?

Where does that originate from all of it?

So yes, it is about what you saw your parents doing, how they talked nonverbal communication.

If you picked up on the tone of voice or things that were going on around you and not just your parents, it could be other family members, it could have been at school in the media, the news, all of the information that you’re getting from the outside world contributes to how you think about money.

And really what we’re talking about is your relationship with money, your money story, which is all of your life’s experience pertaining to finances and then add on top of what comes into play with your money beliefs.

So those money beliefs could come from your parents and the modeling, but it also could come from some kid in third grade who was like, listen, do you have these new sneakers?

You are as worthy because you don’t.

And I’m sure this little kid is not saying it that way, right?

Choice words.

But those are the things that really impact us growing up and how we think about ourselves and our money.