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With Investor Phil Town

4 Valuable Tips for a Healthy Money Mindset

Have you been thinking about what you need to do to ensure a comfortable retirement? Do you want to learn how to invest now, so you’ll have enough wealth built up to thrive in your golden years? There’s a big difference between dreaming of becoming rich and being committed to having financial independence. Understanding this difference is critical to accumulating wealth and preparing yourself for your future. To understand this, you need to first establish a healthy money mindset.

I’ve asked my good friend John Assaraf to guest post about the power of your mind in becoming wealthy.


4 Valuable Tips for a Healthy Money Mindset by John Assaraf

john-assarafJohn Assaraf is a serial entrepreneur, brain researcher, and CEO of NeuroGym. In the last 25 years, John has grown 5 multi-million dollar companies in real estate, Internet software, brain research and life and business coaching and consulting. He’s the author of 2 New York Times best-selling books, Having It All and The Answer.


It’s time to invest in yourself.

If you believe in yourself, see yourself as a financially independent person, and practice being whom you want to become . . . it will eventually happen!

Take a moment to visualize your future self. I call this exercise the “Rocking Chair Technique.”

  • Close your eyes and project yourself forward in time to when you’re 80 years old.
  • See yourself having a conversation with your older, wiser self.
  • Ask your future self to give you clear and precise answers to the following questions: What should I stop doing? What should I start doing? Is there anything you’d change about your life?
  • Listen for the answers; allow the knowledge to seep into your psyche . . .
  • When you’re ready, open your eyes and write down what your future self said to you.

You want to experience your ideal lifestyle, right? So how will you heed the advice you received from your future self? How will you make enough money so you can realize your goals and dreams? And once you’re financially independent, how will you get your mind primed to manage your money? How will you invest your money wisely? These are all important questions to ask.

Follow the tips outlined below to get you started on your wealth paradigm shift, your path to financial well-being, and overall success.

Here Are 4 of the Most Valuable Tips for Developing a Healthy Money Mindset

1. Understand what money is . . . And your personal relationship with it.

Money is an idea that was created to establish a value system. It’s a means for fair exchange between those involved in transactions such as trading and investing. So money is nothing more than an idea. And ideas are nothing more than electromagnetic energy.

However, factors other than just thinking about money contribute to its flow and circulation into and out of your hands and bank account. Once you understand the neuroscience behind attracting and earning as much as you want, things will become a lot clearer and easier.

2. Value yourself first and foremost.

There’s a saying: “We don’t see the world as it is. We only see the world as we are.” The money results you’re experiencing are a reflection of your internal framework. When you change your mental blueprint and financial self-image (a.k.a. your money story), you transform external results.

If you keep telling yourself that you aren’t smart enough or good enough, or that you don’t know enough, it’s not going to be easy to turn on the steady stream of cash flow. And with a fixed, low-earning mindset and constant negative self-talk, you won’t be likely to retire early.

So instead of all that unproductive thinking, implement a “millionaire mindset” and put a high value on yourself. When you value yourself first and foremost, you increase your deserving level through a self-worth vibration and resonance.

3. Align your emotions with your goals.

If you don’t have an emotional reason why you want to accomplish your financial goals and dreams, you won’t have the necessary fuel to keep you motivated when self-doubt and fear show-up to crush them.

You must use your emotion and your higher purpose as fuel. Do you want to have enough money to help save the sea turtles? Do you want to be able to spend more time with your loved ones? Do you want to heal yourself and help others to heal themselves? How will your financial success create a life full of purpose and meaning for you and your values?

You can’t just set goals. You have to get every cell of your entire being involved with your goal process. This is the secret ingredient to following your goals through to completion.

Remember the conversation you had with your older, wiser self? Incorporate that wisdom into your goal setting and planning. Make a list of your reasons for setting goals. Why do you want to achieve your dreams?

Figure out what motivates you.

When you set big goals, you have to switch your thinking, beliefs, and behaviors. And this rewiring takes a lot of practice and dedication. As humans, our brains are wired to a fear circuit . . . and as a result, we love our comfort zone. We fear the unknown, so we stay complacent and tolerant of our current (not necessarily ideal) situations. Let’s face it; we’re creatures of habit.

So my next question to you is all about motivation. Do you have a big enough motive for taking action on your goal/dream?

Now ask yourself: Does it matter to me if my life has real purpose or meaning? The reason I want you to ask yourself this question is that the answer may help you override your current biological and psychological wiring that keeps you stuck in the comfort zone.

4. Hone your skills and make a plan.

Once you’re clear about what you want and why you want it, the next step is to gain further insight on how to accomplish your goals and dreams. You have to figure out what really motivates you to be committed to taking action toward your goals.

Let’s take the money as energy concept one step further and add this statement: You will get paid in direct proportion to the service and value you bring to the marketplace for which you charge.

If you are currently not earning more than enough, it’s because you are not yet offering enough of your services, knowledge, and expertise to either enough people or the right people. Remember, money is part of a value system, and the more you get people to value what you offer, the more you will earn . . .

Ask yourself these questions:

  • What must I learn?
  • What skills must I upgrade?
  • What beliefs and habits must I develop?
  • What beliefs and habits must I let go?
  • Who can help me achieve this?

Once you have the answers and are clear about what you must do, create a plan and start taking immediate action. You’ve probably heard that a goal or a vision without a plan is only a dream. But with a plan, you can make your dream your reality. No one ever stumbles into success without a strategic plan. Get a clear understanding of where you want to go, whom you want to be, and what you want to accomplish.

Are you ready to develop a healthy, wealthy, money mindset?

Money is easy to earn if you do a few things right, and it will forever elude you if you ignore these basic principles. The same is true about managing, investing, and saving money. In order to have more income, you must have the right mindset. And once you have that, you can take the next steps to make your money effortlessly grow for you and your ideal future . . .

Want to learn more about winning the game of money? Join me and 5 leading brain experts for the 5th annual Brain-A-Thon event, a free online training, to discover scientifically proven methods to get mentally and emotionally unblocked so you can increase your income, eliminate your debt, and retire rich.

Ready to invest in yourself to create an amazing life?

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Phil Town is an investment advisor, hedge fund manager, 3x NY Times best-selling author, ex-Grand Canyon river guide and a former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence. You can follow him on google+, facebook, and twitter.
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