Cultivate a Positive Money Mindset

positive money mindset

Do you feel like you work so hard running your business? And, you don’t have much to show for it in the bank? Are you tired of more money going out rather than in? Do you wonder why other people seem to have no problem creating financial success?

If so, it’s time to change your money mindset for the better. Everything changes when you have the right attitude towards money, including your ability to make more of it.

Does this sound like you?

First, as an entrepreneur with a positive money mindset, you regularly look for new opportunities for growing sales. And, you have a sharp eagle eye for costs savings. 

Second, each month, you excitedly look at your profit and loss statement for these possibilities. You know that profitability is about raising your income and lowering your expenses. That’s the name of the game in which you excel!

If this doesn’t sound like you or if it sounds like some other person’s reality, no worries.

This blog post will discuss how to uplift and change your money mindset. We’ll talk about how to achieve financial success in your business.

Work with a certified business coach who’s not afraid of the *woo*

A certified business coach can help you analyze your profit and loss sheet to find opportunities to make and save money. They can also help you change your money mindset and achieve tremendous financial success.

I’m simply referring to confidence for those allergic to the woo. If you’re not feeling confident these days, don’t worry. You’re on your way to understanding what a positive money mindset is and how you can cultivate it.

This blog post will discuss how to uplift and change your money mindset and achieve financial success in your business.

You’ve got this!

What’s a Healthy Money Mindset?

Your money mindset is your attitude towards money. The thoughts and beliefs about money determine your financial life. And how much of it you will earn in your business.

For example, you believe that money is a valuable resource when you have a positive money mindset. You think that having more of it will create freedom for yourself and those you love. More money is a good thing! You see money as a tool to help you achieve your goals. And you are open to receiving it in all forms. This includes your business, career/paycheck, passive income projects, side hustle, gifts, lotto, etc. 

Receive it!

On the other hand, if you have a negative money mindset, you believe that wanting more money is wrong. and that having more of it will only cause problems. 

For instance, if you’re a risk-taking maverick of an entrepreneur, you might scare your partners when investing or spending money left and right. 

Similarly, if you’re a frugal person, you might struggle to spend money on investments that can 10x your sales. You’d much rather save money! You see money as a necessary evil. And tend to hoard or repel it rather than invest in your goals with it.

Next, How is your money mindset formed?

Your upbringing primarily shapes your money mindset influences. And the messages you receive about money from your family and friends.

In the past, you must have heard your parents talk about money.

To illustrate, if your parents were always stressed about money or constantly complained about not having enough, you would likely have a negative money mindset. On the other hand, if your parents taught you that it’s essential to be responsible with your finances. And enjoy spending money on things you love. You are more likely to have the right money mindset.

We take this into our business.

We take this into our business.   With this in mind, if our parents worked hard and never owned their own business, and you’re the first person in the family to start a company, they might look at your work as just a dream. As a result, this diminishment can be exceedingly hurtful even for adult children! Or, they might make comments during holiday get-togethers. For instance, a great example is when they encourage you to get a job and earn good money. As if business profitability is considered bad money?

Most importantly, please pay attention to these comments. And start shifting them as simply comments that don’t work for you anymore. You don’t need to dig into your past. But if you want to cultivate a healthy money mindset, you need to be aware of these messages.

Beware of potential self-sabotage.

Consciously, we know that we’re in business to make money. But, sometimes, we struggle with first, invoicing our customers promptly, second, managing the checking account, and third, depositing checks. Fourth, paying bills. Fifth, reconciling the bank account and studying our financial reports. These are admin examples!

To illustrate, entrepreneurs with a negative money mindset might struggle with clients who don’t pay on time or complain about costs. For example, they have trouble raising their prices, or they often undercharge for the value they provide. 

They might waste time aiming for niches that can’t afford their rates. Or, they might have a brand image that’s confusing and causes people not to buy ASAP. 

Further, they likely struggle with cost management. They are afraid of negotiating costs with vendors. And entrepreneurs with a negative money mindset are fearful of studying their systems. And financial reports closely for opportunities to save even more money.

If this sounds like you, don’t worry! Everything is fixable.

With this in mind, the good news is that you can change your money mindset. Regardless of what it was like in the past. Most importantly, it takes some willingness to change and some effort.

Why should I change my money mindset right now?

There are a few key reasons why you should work on changing your money mindset right now:

-You will be more successful in business if you have a positive money mindset. When you believe that money is good and that having more money will make you happy because it helps you reach your goals, you are open to receiving it. This allows you to take action to improve your financial life and make more money, such as investing in your business, asking for deposits, and charging higher rates.

-A positive money mindset also helps you stay motivated when things get tough. Money troubles are one of the leading causes of stress and anxiety. So it’s essential to cultivate a healthy attitude around spending and saving.

-It’s more satisfying to work towards your financial goals sooner than later. When you work at creating your new money mindset, you can likely enjoy the pleasures of life more regularly and live life to the fullest. If you’re interested in building wealth or saving, starting sooner also gives you the benefit of compound interest.

Here are some life-changing goals you might be thinking of:

start a saving account

donate money

create your charity

create long-term financial security

start an emergency fund or put more money into your current fund

tackle credit card debt

fill up retirement accounts

send your kids to school

build wealth for your family, and generations to come

create opportunities for other people, including helping women

What else do you have in mind?

How can I change my mind about money, personally?

There are a few different ways that you can change your money mindset:

-Start by identifying your thoughts and beliefs about money. Subsequently, once you know what they are, you can begin to challenge them and replace them with more positive ones.

-Make a list of all the things that money has done for you in the past. This will help you start to see money in a more positive light.

-Don’t center on the negative experiences or money mindset influences of your life. Put more energy into the here and now. What can you do right now to strengthen your mindset around your business and personal finances?

-Read books or listen to podcasts about personal finance and wealth building. This will help educate yourself on how to manage your finances.

How can I make a positive mindset for money in my business?

There are a few different things that you can do to cultivate a positive mindset for money:

-Start by accepting that it is a good thing to have money. Many entrepreneurs feel guilty or ashamed of creating wealth. But this only keeps them from growing their business and making it a big success.

-If you are a naturally frugal person and an excellent saver, trust your gut. If you feel nervous about investing in your business, look at your checking and savings account daily. And assure yourself that there’s more than enough money.

-If you’re a naturally big spender, love yourself for your big heart and spontaneity. Then, hit the pause button on your decision and consider saying yes tomorrow instead of today. Never let that FOMO (fear of missing out) energy rule your choices. 

-Track your income and expenses using bookkeeping software. Keep this updated regularly. You will be less likely to stress about finances when you know how much money you have coming in and going out.

-Invest in yourself by taking courses or attending workshops on money management and money mindset. This will help you learn the basics of small business financial management. And give you the tools necessary to grow your income.

-Have an accountability buddy who can keep you on the path and have regular check-ins. Tell them your goals of improving your money mindset. And be open to their suggestions, mainly if they’ve successfully cultivated their positive mindset.

-Work with an experienced business coach. There are different types of coaches. Some specialize in business, others in relationships or personal growth. Let me explain.

Read a step-by-step book that helps you find and make more money in your business. Rely on cultivating a positive money mindset, so you take action with the book.

First, What is a life coach?

As the name suggests, life coaches help individuals live better lives. They can help you set and achieve personal/professional goals to improve your relationships or overcome obstacles. Life coaches act as personal mentors and advisors, allowing you to achieve success in different areas of your life. Life coaches are experts regarding relationships and personal growth.

Second, What is a financial or money coach?

Financial (money) coaches work with individuals to create and achieve financial goals. They can guide budgeting, investing, and other personal money-related topics. Financial coaching can be constructive for individuals and families (non-business owners) trying to get out of debt or save for retirement.

Third, What is a business coach?

Business coaches focus mainly on helping business owners achieve their business goals. They can help develop a business plan to increase sales and profits.

Above all, I strongly suggest working with a certified business coach.

If you’re a business owner, you want to work with a certified business coach. An all-consuming challenge is how to improve your company’s profitability. With this said, you need your coach to connect the value they bring to your profitability statement. This is what I do. I teach my clients how to analyze their profitability statements. And find the story of cause and effect, which means identifying the story of how their decisions impacted the bottom line. That lightbulb moment is gold.

What about the law of attraction and creating an abundance mindset?

Firstly, to each her own. Go for it if you identify as a spiritual person, and positive affirmations, money mantras, and vision boards make you feel confident. 

I’ve used tapping (emotional freedom technique) and Ho’oponopono forgiveness prayers to move me past my money blocks and limiting beliefs. I believe certain spiritual practices can help soothe your subconscious mind. 

If you are a spiritual entrepreneur seeking to move from scarcity to abundance, don’t leap towards a law of attraction coach to help you attract wealth. 

And, don’t leap toward someone who wants to spend a great deal of time focusing on the past, which means your money mindset influences. Be careful of putting too much energy into the past because you can’t change what happened. Many people claim that digging into your past heals work for today. I don’t believe that. In any case, you can only affect the present. 

A certified business coach helps you cultivate a strong foundation.

The secret is that you create wealth from within in the present time. Building wealth is rooted in your internal mindset and today’s resulting actions. 

Most importantly, if your law of attraction coach wants to help you grow your business profitability but can’t or won’t analyze your income statement, that’s a warning sign to stay away.

How successful business owners improve their money mindset

Confidence is key. If you don’t believe in yourself, how can you expect anyone else to? Here are a few tips on how to change your money mindset and achieve financial success.

Start by accepting that change is possible. Indeed, just because you may have had a negative experience with money in the past doesn’t mean that this has to be the case moving forward. Believe that you can create a positive relationship with money and start taking steps towards making this a reality.

Find out your money personality. This is a life-changing issue I work with my clients on within my Golden Money Mindset Program. Once you know your money personality, you know your strengths and challenges to pre-plan your way to avoid those problems. This sounds very “woo,” but the principles are very SWOT-analysis driven. 

Create a bookkeeping routine and stick to it! Create financial accountability each month. Knowing where your money is flowing is a powerful way to create strategies and action plans that align with your profitability goals. 

And finally, when it comes to the journey of improving your money mindset, stop and celebrate each win. No offense, but business owners aren’t always great when stopping and celebrating milestones. We love to keep going and going! However, when you stop and honor your victories, you cement that you ARE great with money. You ARE cultivating a positive money mindset. You ARE creating a prosperous business. Go you!

Would you like to learn more?

Here’s the situation.

You’ve been thinking about increasing your confidence in money, but you’re not sure how to go about doing this? Take a QuickBooks class? Go back to school?

I’ve been in your shoes.

It can be hard to know if you’re making the right decision for something as important as your business and money mindset. You need someone you can trust to help boost your confidence and reach your goals.

Let’s connect!

I am a certified small business coach who has helped entrepreneurs boost their money mindset, increase revenue, and achieve their goals. I offer a free consultation so that you can get to know her and see how she could help you grow your business.

Published by Janet Johnson, MBA | Business Advisor

Janet Johnson is a small business advisor and author of My Money Pivot: An Entrepreneur's Guide to Finding & Making More Money and this educational blog. All views expressed belong solely to Ms. Johnson and do not represent the views of her employer. The website,, is currently managed by Luz Marcos, Virtual Assistant.

Leave a Reply