{"id":52191,"date":"2021-10-20T10:53:00","date_gmt":"2021-10-20T14:53:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=52191"},"modified":"2021-10-25T12:35:43","modified_gmt":"2021-10-25T16:35:43","slug":"poor-mindset","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/poor-mindset\/","title":{"rendered":"The 10 Signs That You Have a “Poor Mindset”"},"content":{"rendered":"\n

Are you tired of being a victim of your financial circumstances?  What are the different ways you tend to sabotage your finances? <\/p>\n\n\n\n

According to T. Harv Eker, the author of Secrets of the Millionaire Mind<\/em>, there are 10 negative tendencies that reinforce your belief that you\u2019re powerless when it comes to money. Challenging these negative tendencies is the first step to eliminating them.<\/p>\n\n\n\n

In this article, we\u2019ll help you to identify the specific thoughts and beliefs that discourage you from taking positive actions to improve your finances.<\/p>\n\n\n\n\n\n\n\n

T. Harv Eker: Poor Mindset Tendencies<\/h2>\n\n\n\n

Eker mentions 10 poor mindset<\/a> tendencies that poor people tend to engage in:<\/p>\n\n\n\n

1) Blame others for their financial problems<\/strong>: \u201cIt\u2019s the economy\u2019s fault that I\u2019m not making the amount of money that I want.\u201d<\/p>\n\n\n\n

(Shortform note: Jordan Peterson (12 Rules for Life<\/em><\/a>) offers a more constructive approach than blame. Before you blame the outside world or specific people for your misfortunes, ask yourself: What personal responsibility did you have in your misfortune? Have you done everything in your ability to solve your problems, or are you passively letting bad things happen to you<\/em>?)<\/p>\n\n\n\n

2) Resent others\u2019 good fortune<\/strong>: \u201cThey think they\u2019re so much better than us!\u201d<\/p>\n\n\n\n

(Shortform note: Alcoholics Anonymous: The Big Book<\/em><\/a> claims that resentment is a major flaw that leads you to avoid facing your own flaws and accepting responsibility<\/a> for your own thoughts and actions. Confront your feelings of resentment by investigating their cause. Ask yourself: Why do you feel resentment, and how is this resentment harming you? For example, you resent your neighbors because they have a beautiful new car. The resentment makes you feel embarrassed about your old car and this harms your self-esteem. Next, ask yourself whether your embarrassment about your car is really their fault.)<\/p>\n\n\n\n

3) Rationalize their lack of wealth<\/strong>: \u201cIt\u2019s okay, there are more important things than money.\u201d<\/p>\n\n\n\n

(Shortform note: Malcolm Gladwell (Blink<\/em><\/a>) explains that rationalizing is simply explaining our actions or thoughts with reasons that aren\u2019t accurate. Our inaccurate explanations for our decisions harm our ability to make smart decisions<\/a><\/strong>. For example, if you make excuses for your lack of wealth by claiming that you don\u2019t care about money, you\u2019ll base your future decisions on this premise and make decisions that keep you poor.)<\/p>\n\n\n\n

4) Complain about their financial situation<\/strong>: \u201cI hate my job and it doesn\u2019t pay enough.\u201d<\/p>\n\n\n\n

(Shortform note: According to the authors of Crucial Conversations<\/em><\/a>, complaining is a method we use to intentionally ignore the role we play in our problems. It justifies our current behavior by excusing us from any responsibility and, as a result, we don\u2019t feel any motivation to change<\/a> our thoughts and behaviors. The authors argue that instead of complaining, you should focus on telling yourself accurate stories<\/em> that motivate you to think and act constructively. In other words, focus on your role in the problem and think about what you need to do to change the situation.)<\/p>\n\n\n\n

5) Limit their choices<\/strong>: \u201cI can\u2019t be rich and<\/em> be there for my family and friends.\u201d<\/p>\n\n\n\n

(Shortform note: When you focus on your limitations, you block yourself from seeking solutions that will improve your life, and you resign yourself to staying in the same situation. In Awaken the Giant Within<\/em><\/a>, Tony Robbins suggests that you should instead focus on asking yourself positive and empowering questions that lead to solutions. For example: What can you do to create more money and<\/em> be there for your family and friends? Empowering questions lead to solutions that will help you to create the life that you want.)<\/p>\n\n\n\n

6) Feel unworthy of financial success<\/a><\/strong>: \u201cI\u2019m not good enough to earn more money.\u201d<\/p>\n\n\n\n

(Shortform note: Feelings of unworthiness<\/a> or of \u201cnot being good enough\u201d are very common. However, according to Jen Sincero (You Are A Badass<\/em><\/a>), it takes the same amount of energy to see your faults as it does to see your strengths. She suggests countering your insecurities by imagining yourself through the eyes of someone who admires you\u2014this person will only see<\/em> your full potential and your talents. This method will train you to focus on your strengths<\/a>, and, as a result, feel less stress around your perceived flaws<\/em>.)<\/p>\n\n\n\n

7) Focus on their problems and fears<\/strong>: \u201cI\u2019m not going to try in case I fail.\u201d<\/p>\n\n\n\n

(Shortform note: Brendon Burchard (High Performance Habits<\/em><\/a>), claims that the tendency to focus on problems and fears occurs when we don\u2019t have a clear purpose<\/a> for our actions and are too focused on the difficulty of our present circumstances to look to the future. According to Burchard, if you want to make improvements in your life, accept that challenges and hardships are the route to your success<\/strong>. Therefore, focus on what you\u2019ll gain from overcoming your problems and fears, and use this to motivate yourself<\/a> to move forward.)<\/p>\n\n\n\n

8) Aim low and seek security<\/strong>: \u201cWhat\u2019s the point in working more than I have to?\u201d<\/p>\n\n\n\n

(Shortform note: When you aim low, it\u2019s often because you\u2019re afraid to take risks and move out of your comfort zone<\/a>. If you remain inactive in your comfort zone, you\u2019ll never improve or gain the confidence to go for what you want. The authors of The Confidence Code<\/em><\/a> claim that the best way to move forward to what you want is to continually <\/em>take actions that move you out of your comfort zone. For example, offer to take on more responsibilities at work\u2014the extra work will challenge you, and may lead to a promotion and a pay rise<\/a>.)<\/p>\n\n\n\n

9) Mismanage their money<\/strong>: \u201cI might as well spend my money because I\u2019ll never be rich.\u201d<\/p>\n\n\n\n

(Shortform note: According to Ramit Sethi, author of I Will Teach You to Be Rich<\/em><\/a>, there\u2019s a psychological reason underlying our tendency to mismanage our money: decision paralysis<\/a><\/strong>. Sethi argues that we become too overwhelmed to make decisions about our finances when we\u2019re presented with multiple options and opinions about the best way to move forward. To move past this, he recommends that you switch your focus from information-gathering and start taking small proactive<\/em> steps towards financial success.)<\/p>\n\n\n\n

10) Seek instant gratification<\/a><\/strong>: \u201cI will spend my money because I have nothing else to look forward to.\u201d<\/p>\n\n\n\n

(Shortform note: It can be difficult to make sacrifices now for the sake of your future comfort. James Clear, the author of Atomic Habits<\/em><\/a>, offers a way to overcome the temptation to indulge in instant gratification: He suggests that you find ways to immediately reward yourself<\/strong> for engaging in the positive habits you want to form. For example, each time you avoid spending your money on something frivolous, transfer this money to an account earmarked for something that represents the wealth that you want, like a new car or a special outfit. The satisfaction of watching this account grow will outweigh your fear of missing out and will encourage you to make decisions that benefit your finances.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Are you tired of being a victim of your financial circumstances?  What are the different ways you tend to sabotage your finances? According to T. Harv Eker, the author of Secrets of the Millionaire Mind, there are 10 negative tendencies that reinforce your belief that you\u2019re powerless when it comes to money. Challenging these negative tendencies is the first step to eliminating them. In this article, we\u2019ll help you to identify the specific thoughts and beliefs that discourage you from taking positive actions to improve your finances.<\/p>\n","protected":false},"author":7,"featured_media":11109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,9],"tags":[522],"class_list":["post-52191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money","category-psychology","tag-secrets-of-the-millionaire-mind","","tg-column-two"],"yoast_head":"\nThe 10 Signs That You Have a "Poor Mindset" - Shortform Books<\/title>\n<meta name=\"description\" content=\"There are 10 tendencies that reinforce your poor money mindset. 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