This is a guest post by Kelley C. Long. She is a a nationally sought-after personal finance expert. You can find and follow her on her KCL Money Coach website or at @kclmoneycoach on Twitter.
Henry Ford said, "Whether you think you can or you can't, you're right." This holds especially true when it comes to effectively managing your day-to-day money.
I've found that when people believe they are financial failures, the belief often manifests. Because they think they are failing, they make bad decisions that often lead to failure. They use their belief that they're bad with money as an excuse to continue to fail.
What Do You Believe?
Think about your own money beliefs. Do you tell yourself you're bad with money, and then use that as a reason to make bad financial decisions? What would you do differently if you believed you were GREAT with money? What's keeping you from believing that right now?
Your money beliefs, both good and bad, will foretell your financial success or failure just as much as your salary or monthly expenses. And it has a spill-over effect on the rest of your life. If you feel like you're a failure with money, you might feel trapped in your job because you can't afford to lose it. Your ability to excel in your career could be hindered by your fear of losing your job and your income.
But if you start telling yourself that you are in control of your money and you know exactly what's coming in and going out, eventually you will be right. Of course, you have to do the work to educate yourself and invest the time to track your money. But just by shifting your beliefs to the positive, you will start to see positive money trends in your life.
Change Your Inner Voice
Take a minute to examine what your money beliefs are. Consider how those beliefs might be hindering your financial and/or career success. Then work on ways to replace those beliefs with positive messages. Instead of saying, "I'm terrible with money," start telling yourself, "I am in control of my money and it works for me." In time, you will see the results.
Question: What is your financial self-talk?