How to become a financial optimist

How to become a financial optimist

Being optimistic both physically and financially. Recent research shows that optimists practice healthier financial habits than pessimists – although nearly two-thirds of optimists have begun building an emergency fund, less than half of pessimists have done so.

Optimists are also more likely to enjoy greater career benefits, more likely to earn more money. In addition, optimists report that they feel significantly less stressed because of their finances. But how can financial optimism be nurtured in dealing with stressful reality?

Related: How to change our beliefs about money

Financial optimism is not about ignoring the challenges. It’s about believing you are able to face these challenges and still be able to improve your finances.

This is how you can start cultivating optimism in your own financial life.

Adopting a growth mindset.
Instead of thinking about your financial circumstances as a fixed condition that cannot be changed, think about the actions you can take to improve your financial health. Every moment offers an opportunity to choose new and better financial behavior.

Even if your financial reality, for example, seems like a lot of debt, you can still start practicing positive financial behavior, such as reviewing statements and weekly spending.

Celebrate small victories.
While reviewing statements and weekly spending may not solve all financial struggles overnight, it’s important to recognize these positive financial habits and celebrate the small gains they provide.

Even if it’s as simple as paying your credit card bill on time a month, or saving $ 5 a week at a savings bank, small winnings can help us drive us to big wins over time, forcing our brains to improve instead of perfection. concentrate.

Think of failures as temporary.
To nurture financial optimism, you need to recognize that failures are temporary in nature. This can be particularly challenging in the face of big blows like losing a job.

Challenges that seem insurmountable at the moment will be more manageable if we view them as temporary blips – especially when paired with celebrating small victories along the way.

Surround yourself with optimists.
If you are committed to pursuing an optimistic financial outlook and your immediate social circle does not share the same commitment, it will be significantly harder to adhere to.

That doesn’t mean you have to leave your friends and family who give in to material pessimism. It just means that as you grow, you must begin a conscious effort to surround yourself with people who understand and support the financially optimistic path they are taking.

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