Imagine for a moment that you could change your life to be whatever you wanted. Would you be rich? Would you live care-free with no worry or stress about money, work, or your family? Do you imagine yourself driving sports cars, eating lavish foods, taking exotic vacations, and freely traveling the world? Or perhaps something else?

These things may sound like wishful thinking, but the reality is that none of us knows for certain where this crazy thing called life can take us.

Some people have actually made their dreams come true. But if you feel that your dreams are not at all possible, then they will always be an unrealistic thing for you. Nothing will change unless you first change your mindset.

For example; in life we all will have struggle, we all will have problems. But the state of your mind will determine how well you will solve the problem, and how you react to it.

Most people have a broke mindset; so they just lay down and act like they are a victim. “I’m broke. I’m poor. I can’t do that. I just cant afford it.” is what they often say. Their disposition is fixed. They make an excuse, and quickly give up.

But people with a growth mindset act as a survivor; so they get up, shake it off, set goals to solve the problem and then make their dreams happen through hard work and determination.

A growth-oriented person never says, “I can’t afford it.” because they figure out how to raise the money they need, or they already have enough money saved & assets invested to do whatever they want. Making things happen is about setting goals, planning and hard work.

So let’s talk more about these two distinct kind of mindsets.

The broke mindset

People with a poor/broke mindset think that there are only winners and losers. So when you try to teach them finances or investing they don’t want to listen because if you are winning they think of themselves as losing!

So you must cautiously instruct them this way: “This is not my way, its just a better way.” Help them to see that we can ALL be winners.

The majority of people with a broke mindset are stuck in a debt cycle which prevents them from enjoying life more so. All that they know (and are willing to do) is continue to pay the minimum balance on their credit cards which keeps them broke and struggling for decades. They never learn to manage money right. And this in turn causes much more anxiety and stress in their life/marriage than there needs to be.

Signs of a broke mindset

• Wanting something for nothing
• Blaming others for your situation
• Wanting to get rich quick/not being patient
• Complaining about problems instead of fixing them
• Not willing to work/learn/invest anything
• Not willing to sacrifice time/money/energy today for a better tomorrow

This kind of person usually also has a “fixed” mindset, meaning they don’t want to learn, to grow, or to even change their situation. They don’t think that they can’t do any better so they just continue to settle for struggling.

Instead of getting up and fixing their problems they just sit around and complain about them. They say:

• I hate my job | Go find a new job, and don’t give up until you succeed.
• I can’t afford it | Build a side income/business so you can afford it.
• I don’t like living here | Get up and move somewhere else better.
• I don’t have enough money | Stop spending & raise your financial IQ.

All of the above-mentioned solutions on the right would present a situation of unknowns, so most people won’t do it. Most are too comfortable (in their current crappy situation) to put themselves in a perceivable worse outcome if they attempt to do something unknown. But this unknown is what those with a growth mindset would call opportunity.

The growth mindset

Having a growth mindset basically means seeking to better oneself through constant refinement and increased knowledge. You push yourself to reach the goals that make you the best version of yourself in the future.

If you have a growth mindset, there is so much to learn. You are expanding your horizons — by reading books, by exercising and by trying to learn new skills: marketing, coding, investing, automation, blockchain, etc.

There is so much to learn (and do) that could potentially benefit you in the future. But why do it?

Money is not the goal

The goal is not money. The goal is freedom. Those with a growth mindset recognize that real wealth (good health and meaningful relationships) and real assets (like time and your brain) are what enable you to constantly improve yourself (by learning) and then in turn to help others around you to also become successful. You are neither intimidated by successful people or selfish about your own achievements.

None of this has anything to do with money, but as you increase your productivity and knowledge, more money inherently follows.

Having a growth mindset (the belief that you are in control of your own ability, and can learn and improve) is the key to success. Yes, hard work, effort, and persistence are all important, but not as important as having that underlying belief that you are in control of your own destiny.

Quoted from skillsyouneed.com

Having a growth mindset is about improving your entire life.

When one has a growth mindset coupled with financial literacy you recognize that there is absolutely NO GOOD REASON for most people to be broke, poor and struggling. None.

Ignorance is never a good excuse. Nor is laziness. Yet, those two things are almost always the culprit for people who are poor. Poor people tend to act like they know it all already. They think they are just a victim of society, and they expect you (or the government) to pity them and provide for them. Even if this has been true to any degree, its not a good excuse to remain poor.

If your mindset is not about growth, you won’t want to learn anything new. You’ll say “That’s too hard.” or “I can’t do it.” Yes, those with a fixed mindset are stuck in the past, they cling to their previous misfortune, come up with lame excuses why they can’t do better and they impose limits on their own opportunities, by sticking to the way things have always been.

What to watch for:

People who you associate with can also have a huge impact upon the kind of mindset you will have. So be watchful of who you hang around with.

A growth mindset individual: reads daily, sets goals, eats healthy and tries to exercise, saves money, compliments others, is continuously learning, avoids all addictions, builds a side income in their spare time. Learn from this person.

A broke mindset individual: watches TV constantly, never sets goals, eats unhealthy food, accumulates debt, criticizes others, think they know it all, has addictions like smoking/alcohol/porn/sugar, and parties every night/weekend. Avoid this person and cut ties.

Additionally, filter everything that comes at you, (on the news, on TV and the internet) because if you don’t, you too will have a broke mindset, and you’ll end up like everybody else.

If you keep doing what the majority of people do, you’re gonna end up like the majority of people.

Jaspreet Singh, Minority Mindset

Why you should care

People with a broke mindset end up having a life that is a lot harder and more stressful than it needed to be, just because they limited themselves in their own mind instead of reaching for the enumerable opportunities all around us.

This is why there are people who began life struggling, and then they win the The Lottery, became millionaires but eventually end up right back where they started (broke and bankrupt) because of making bad choices and keeping “friends” who weren’t beneficial to them at all.

These people always had a poor mindset from day one, and never learned to have the growth mindset.

Remember, having a growth mindset means that you never stop learning. The greatest opportunities only come to a small minority of people who dare to think different. Changing your mindset is key.

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Disclaimer: This article was written for educational and entertainment purposes only. This is NOT financial advice. Always do your own research and please consult with a licensed attorney before making any serious investment. We are not responsible for any investment decisions that you choose to make.