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7 MUST KNOW Successful Thinking Habits to Adopt That Will Change Your Life

7 MUST KNOW Successful Thinking Habits to Adopt That Will Change Your Life
Tracy Stine Apr 2, 2019
Want to Earn Some Extra Money?

Have you read an article on Frugal for Less and wished you could do it?

You wished you could save money, start a side hustle, have more willpower to stick to a budget or any other way to be successful with money.

We’ve all been there in various stages of our lives. We feel anxious, nervous, doubtful, or a multitude of other emotions and mindsets that hinder our progress and accomplishments. When this happens, we can get stuck in a cycle of limiting ourselves – staying in our comfort zone not wanting or able to grow financially or career-wise.

I’m going to list 7 mindsets to adopt so you can become financially successful.!

1. Aim for Growth

How many of us feel that we’re not getting ahead in our lives? Work, finances, and efforts all seem to be out of reach and you accept that it’s the way it is and won’t change no matter what you do?

You need to implement a growth mindset. A growth mindset enables you to create change if you work hard, adapt to feedback and develop plans for bettering yourself.

A growth mindset means you:

  • Acknowledge that you’re not perfect – Ignoring your weaknesses means you’ll never overcome them.
  • View challenges as opportunities – Start appreciating opportunities to improve yourself.
  • Stop seeking approval – When you seek approval over learning, you sacrifice your own potential for growth.
  • Enjoy the “journey” and not just the “designation” – Too often we’re focused on end results – better job, more money, status, etc. Instead concentrate and enjoy the steps to get there.
  • Keep progressing – Many people quit because it’s “taking too long”. Instead accept that any step forward is still going forward.
  • Accept advice and ignore criticism – If people offer you advice, learn to accept it and adapt it into your plan, ignore those who have negative criticism – it usually reflects on them, not you.
  • Adjust your path – Just because one opportunity didn’t work out doesn’t mean you failed, just adjust your path to your goal. Paths don’t necessarily need to be a straight line from point A to point B.

In summary, you should seek to improve yourself, stay positive, and enjoy the journey. At work, keep taking professional development courses or classes, take on more tasks and roles, and strive to be better. At home, create financial, personal, and family goals and strive to keep them. Keep adjusting and trying new ways to succeed.

For example, you’re trying to stick to a budget but are not happy with your system – find another one that better suits you. That side hustle you picked doesn’t suit your skills or talent? Find another one!

2. Stop limiting yourself

Do you know people who typically complain about not having enough time, money, energy or resources to achieve their goals? They frame their challenges through what they lack instead of what they can possibly gain.

Let’s say you’re interested in starting a blog as a money-making side hustle. You like writing and sharing your ideas, but you have no idea how to create a website, use social media, and the like. So, you drop the idea and pick something safer to try.

Don’t limit yourself just because you don’t know or are unsure how to do something. There are many resources on the internet, the library, community colleges, and from Amazon.

You may recall in my older post that I’m Deaf. In the past I’ve always been avoiding using the phone, but recently I wanted to expand my job role and have gotten a new cell phone and installed the InnoCaption app that captions caller’s conversations

I’m now working more hours and of course, more money.

Don’t limit yourself and just go seek answers, learn, and expand your horizons.

3. Stop fearing failure

How many times do we talk ourselves out of doing something because we are afraid it won’t work?

This ties in with the previous section about limiting yourself. Are you limiting yourself because you fear failure?

I have an adage I say frequently –

“I rather live a life of ‘oh wells’ than ‘what ifs’”

Just picture yourself in retirement and reflecting on your life, would you be saying “I’m glad I did….”, “I’m glad I tried…”, or will you have regrets “What would life be like if I had gone ahead and tried….”, “I wish I had the guts to….”.

I don’t mean jumping blindly into an investment or business. Do all your research and homework and rate the pros and cons, and calculate different outcomes, then go for it. Maybe start small – a small investment, a small side hustle – there’s always room to grow later.

How to overcome our fear of failure? Try these:

  • Reframe your goals – Add to your goal the process of learning how to get to that goal. If you adjust your achievement to include learning new things in order to accomplish that goal then you theoretically have not failed because you learned something along the way.
  • Envision any Obstacles – Positive thinking can only get you so far. Instead think of all the possible incidences that may occur along the way and then create solutions for them.
  • Don’t take it personally – Many times we internalize failure, “I’m not good enough”. Separate the facts from your beliefs about yourself, you might just realize it’s not you but the product you picked to market.

Now, if something did happen to fail, ask yourself:

  • What did I learn from this situation?
  • How can I grow from this experience?
  • What are the positive outcomes of this situation?

When you ask yourself these questions, it becomes less of a failure and more of a growth experience. You learn what not to do next time.

Risks are scary, but stagnation is worse.

4. Think long-term

Remember that “Get Cash Quick Scheme” post? You then know short-term resolutions often don’t work. The answer is to think and plan long-term.

All your goals need a roadmap – steps to achieve along the way to the larger goal. For example, you want to be debt-free, so you try every quick cash earning opportunity you can think of.

Soon you’ll get worn out and frustrated that it’s not “happening now”. Instead, break that debt-free goal into smaller steps: create a budget and trim it, pay down debts, create savings accounts, start investing, create college and retirement funds, and before you know it you are debt-free.

That also applies for when you’re climbing the corporate ladder, changing jobs, or starting a new business. Before you make plans for setting short-term goals, you first need to write long-term goals.

You can’t reach financial goals if you don’t know the steps to take along the way.

5. Money is a Tool

To succeed financially we need to start thinking of money as a tool to achieve our goals, and that it’s not the goal itself.

I know that sounds weird, but hear me out.

Instead of bemoaning how much things cost or how much money it’ll take to pay something off, change your mindset that money is a tool and you can use it to manipulate the process towards your goal.

Want a better job? Don’t complain about those professional development courses being too expensive, instead think of those course costs as a stepping stone to a higher and better salary.

Complaining about how much you have to cut back on in your life to pay off your debts? Think of your “sacrifice” being temporary and a process towards the long-run of being able to afford whatever you’d like.

Here’s what happens when you have that mindset:

  • You get over the guilt of spending – I’m not talking about impulse buys. You think more about quality, its worth, and its value in the long run.
  • It’s easier to create goals – You learn to strategize better, budgets become easier because you’re not anxious to look at your bank accounts. You focus on solutions instead of emotions.
  • You’re able to define what matters – You now can see your goals better when money isn’t an emotional factor.
  • You prioritize better – When you’re able to define your priorities, it’s a lot easier to use the tool efficiently. For example, you love going out with friends every weekend, but you also love taking trips back home to see your family, when money is a tool, you prioritize cutting back on your weekends to pay for your family vacation first.

When you think of money as a tool, that implies it’s to be used, so in a way, you give yourself permission to spend it. Yes, it takes a lot of work, and it’s not exactly easy to use, but it’s a lot easier to come up with a plan when you think of money in these terms instead of as a roadblock, even if it feels that way.

6. Be grateful

I think many financial books and advisors miss this important point.

Accept a grateful mindset for everything you have – the people, opportunities, and the money you do have.

Which mindset is more beneficial?

  • “I only made $150 at the garage sale today”, or
  • “I have a less cluttered house and $150 in my savings account to boot!”

Big difference isn’t it? Be grateful for all the steps you take towards your financial goals too. Too many young adults looking for work are demanding management positions and grumbling about why they can’t get those jobs. Instead, they need to take the entry-level jobs and work their way up. Which is better, aiming unrealistically and being out of work, or having a menial job and getting a paycheck?

How to be grateful? Simply:

  • Remember the hard times – Remembering how difficult life used to be and how far you’ve come helps keep things in focus and what’s important
  • Watch your attitude and thoughts – Being conscious of what you say and do every day impacts all your interactions, decisions and mentality exponentially.
  • Go through the motions – Smile more, say thank you, do good deeds (without seeking attention for them). This then becomes habit and is mentally and emotionally satisfying.
  • Stop focusing on what you don’t have – Be thankful for what you do have and any opportunity to improve yourself or your situation.
  • Keep a gratitude journal – Write down reminders of all the positive things that happened that day. Soon you’ll start looking for those things daily and the negative won’t impact as much.

Being grateful changes your mindset into more positive feelings and gives you confidence towards setting goals, your views on money, helps establish habits, and better outlook towards life in general.

7. Break down your goals

Lastly, this is a cumulation of all the steps together. Breaking down any aim for financial success into smaller steps.

After working through steps #1 – #6, this becomes much easier.

Instead of getting overwhelmed with a $30,000 loan, break it down into years, months or weeks. $100 a week is a much easier goal to accomplish, it’s easier to follow through and the rest will happen.

Another reason to break down our goals is that they are vague – quit my job, write a book, pay off debt. When you leave them unclear, they feel unachievable and “too far away”. You start to procrastinate, get resentful or bored and eventually give up.

So, you need to break down your goals into doable steps:

  1. Write down your goal. Get it out of your mind and onto paper, now it’s an announcement of your intentions. For a bonus, put it somewhere visible as a daily reminder.
  2. Set a deadline. Set a target date to achieve that goal.
  3. Break it into smaller goals. Create milestones towards the ultimate goal. Let’s say you want to pay off $30,000 of debt. Create milestones to reach the first $5,000, then $10,000, and so on.
  4. Develop your skills. Start learning how to achieve your goal. Start gaining the “assets” you need to be successful at reaching your goal.
  5. Take the first step. Start working towards the first milestone, the first step is always the hardest. Don’t wait until everything is “just right”.
  6. Stay on your goal. Remember I said the path may not always be a straight one? Learn to take detours but always keep your goal in mind. Maybe that professional development workshop you wanted was canceled, don’t despair, look for a similar one online instead.
  7. Reward yourself. Give yourself a small reward after each milestone and goal is completed. Something small to say “job well done”. Nothing big that will set you back financially, but maybe a dinner out.

Now that big accomplishment doesn’t seem so far away now does it?


It’s great to dream big, it’s not great when you let them die. Remember to stay realistic, stay positive, create smaller steps and foster a mindset towards your financial success.

These other books can help you reach for your financial success as well:

Tracy Stine

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