As of April 1 2023, all current Medicaid healthcare plan members will need to reverify eligibility for their insurance coverage. We encourage all of our clients to learn more here to ensure their health insurance is not interrupted.

We’re Hiring! View Our Open Positions 

Are you a current client? Contact Your Clinic

Steps to Break Free From a Poverty Mindset

If you haven’t had much money for a long time, it can be easy to fall into a poverty mindset. And if you have a poverty mindset, it can be challenging to attract money into your life.

Well, the good news is there are ways in which you can break free from such a frame of mind and start to become more financially prosperous.

Understand and Change Your Views on Wealth

The views of many people with poverty mindsets stem from their circumstances. For example, if you grew up in a family that had little money and perhaps scoffed at rich people, you could easily have adopted similar attitudes that have kept you stuck.

If you think things like “I’ll never be wealthy,” “I don’t deserve to have lots of money,” and “Expensive things aren’t for the likes of me,” you’ll stay stuck in that thinking.

In turn, it will be more challenging to change your financial situation and attract money into your life.

The first step to breaking free from a poverty mindset is to look at your own views on money and understand why you hold the beliefs that you do.

You can then move on to changing how you view wealth. Instead of looking at money from the point of view of someone who lacks it, you can begin looking at money as something that you welcome and expect.

Use Visualization Exercises

In addition to changing your thoughts and the vocabulary that you use concerning money, such as saying to yourself “I deserve to be financially comfortable” instead of something like “Why am I always poor?”, use visualization exercises.

Spend a few minutes each day sitting in meditation where you picture yourself with lots of money. Picture yourself smiling too: you can then attract money that you’re happy to receive.

Using visualization exercises can help you shift your mindset. The more you focus on visualizing your happiness of receiving wealth, the more you can make that image become a reality.

It could be helpful to use visualization boards as well, which involve cutting out images that symbolize wealth and happiness, adding them to a board, and placing the visualization board in a place of prominence in your home.

You will then stay focused on achieving wealth and happiness every time you look at your board. 

Be Thankful for the Things You Have

Doing gratitude exercises can also lift you out of the poverty mindset that’s holding you back from being financially successful. That means spending time each day appreciating all the things you have in your life.

By doing that, you’ll create a much more positive mental space. You’ll be focusing on abundance rather than lack, which will help you to break free from your poverty perspective.

Take Steps to Build Wealth

While a change in mental focus is needed to attain more wealth, you also need to take practical steps. The more time you spend looking at ways of saving money and building wealth, the richer you can become.

By gaining a good understanding of financial matters, which you can do with online research, you will have the knowledge and tools to do things like make significant savings and embrace investment opportunities. For instance, you could start a Sofi retirement account, invest in cryptocurrency, or buy stocks and shares.

There are probably lots of ways to build wealth that you haven’t considered. And when you focus your energy on researching how to make money, you’ll quickly gain a positive mindset toward finances. 

Look After Yourself 

It’s much easier to get rid of negative thinking when you remember to look after your physical and mental health. Doing simple things like getting enough exercise, getting enough sleep, eating healthily, meditating, and doing things like yoga will make you feel more positive and full of energy.

In turn, you’ll be in a better mindset generally and will be able to break free from your poverty mindset.