How Your Attitude Towards Money Defines Whether or Not You’ll Be Wealthy

How Your Attitude Towards Money Defines Whether or Not You'll Be Wealthy - let's reach success, lidiya k

Have you ever wondered why poor people usually remain poor, while the rich are getting richer? There’s a simple explanation and it’s directly related to their attitude towards money.

When it comes to money mindset, there are 2 types of people.

Those in the first group don’t have enough of it, but also don’t take the initiative to find ways to make more of it. Instead, such people are negative towards anyone who’s wealthy. They blame rich people for having an easy life, but at the same time show signs of hatred and jealousy. That prevents them from having balance in their life and they end up being miserable.

As for money, they consider it a bad thing. They complain about never having enough of it, but aren’t willing to work hard to start a business or join someone else’s project because it requires a lot of time and there’s always a chance to fail.

One of the main laws of life, however, is that desire combined with action is the turning point of all accomplishment. Which means that a man who’s set big goals, must truly want to reach them. Such a desire comes from within and it’s what drives him forward and helps him overcome obstacles such as doubts and fears.

It doesn’t come as a surprise that poor people remain poor for the rest of their lives. Their attitude towards money is wrong, their approach isn’t the right one either. And no one who doesn’t consistently do something to reach a dream deserves to be wealthy.

Let’s take a look at the second group of people according to the type of money mindset they share – the wealthy individuals.

Having an Abundance Mentality

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All rich people and successful businessmen have a few things in common.

First, they consider money a good thing. Enough of it, when respected and spent in the right way, can provide for their loved ones, allow them to live an enjoyable lifestyle, and let them grow businesses and contribute to the world.

So they welcome money in their life. They see their bank account growing bigger in their head, before anything actually starts to happen. That’s how they accept the abundance that’s coming towards them.

Such an attitude towards money makes you initiative.

Wealthy people don’t just lie in bed all day or spend time in their yachts. We’re not talking about celebrities and inheritors.

I’m describing the strategic, determined, hard working and persistent men and women from history and of today who think big, grab opportunities when they knock on the door, and are getting a step closer to the lifestyle they’ve planned for themselves every day.

They don’t take their eyes off the end goal. They create positive images in their head about money. They have needs and must accumulate the amount of money necessary to meet them.

They are also different from poor people in how they talk about money. They show respect, use powerful words, aren’t afraid to say they will own a lot of it a year from now, and are even excited about all the new doors this financial freedom will open up for them.

In a nutshell, your mentality defines how wealthy you’ll be in the future.

If you have a fixed mindset, you’ll accept that you have limits and just aren’t destined to have a lot of money. Someone with a growth mindset, on the other hand, will know that it’s just a matter of time, raising your vibrations, following your intuition, having a focused approach, and – eventually – attracting abundance.

Decision Combined with Courage

So how can we make a mindset shift and start becoming prosperous?

The solution lies in what Napoleon Hill was writing about in one of the greatest works on the philosophy of success, ‘Think and Grow Rich’. It is a result of dedicating 2 decades of his life to study the existence and mindset of people like Henry Ford, Thomas Edison, Andrew Carnegie and many other big influencers who’ve made a fortune throughout their life.

The success formula for earning a lot of money isn’t secret. It begins with a definite desire, but in the end of the day all that matters is what decisions you made and whether or not you acted upon them.

When most people have to take a decision, they have doubts. And doubt is a huge mental barrier that stops you from thinking logically and leads to confusion. You may spend days overthinking something, and postpone taking a final decision until it’s too late to do anything about it.

The smarter approach towards decision making is to just pick one option and believe in yourself to such an extent, that you will make the most of it. It’s about being resourceful, determined and courageous.

Regardless of whether it’s money you want more of, career success, better social life and more meaningful relationships, or else. It’s always the one taking action who wins.

Developing a Growth Money Mindset

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Carol Dweck, an American Professor from Stanford University that specializes in Psychology, became quite popular by publishing a book called ‘Mindset’. In it, she explores a fantastic theory about the 2 main types of mindsets people develop in the course of their life which are the main reason for the success they have, or the lack of it.

People with a fixed mindset believe that our capabilities are limited, that there’s only so much we can achieve in one life. Unfortunately, that usually leads to not continuing their education after school, to not learning new things or setting bigger goals. They simply believe all this is pointless as their current level is the highest they can get to in life.

If you think about it, you can recognize such people in your surroundings and see the signs of mediocrity and lack of ability to change or improve.

What helps the world evolve, on the other hand, are the people with a growth mindset. These are the high achievers, the successful entrepreneurs, the hard workers in any company that get promoted and reach the top of a career, the students that exceed their teacher’s expectations, and more.

They believe that our powers are unlimited and failure isn’t an option when there’s determination, initiative and a learning process involved.

Such individuals aren’t any different physically or mentally from the other group. They aren’t born with a talent, don’t have any special skills and aren’t more intelligent.

But they do love to learn and grow every day. They do seek opportunities, go the extra mile, develop a powerful mindset at an early age and use it effectively later on to reach their dreams.

If you aren’t there yet, don’t get discouraged. You can improve your mindset, change your attitude towards money, create a mentality of abundance and attract anything you desire.

How? Well, for a start, stop relying on luck and stop looking for an easy option. Even if there is one, it’s not likely it will take you where you’re headed.

Big transformations start small, and they start on the inside. Take some time over the next few days to have a conversation with yourself. To decide what you want and what you are willing to sacrifice in order to get it.

Big dreams shouldn’t scare you. Becoming a millionaire isn’t impossible. But that too begins by changing your attitude towards money and becoming rich in your mind first.

Never stop learning. Turn to self-education once you’re done with standard education. Read books, study the lives of people you admire and famous figures from history. See what mistakes they made and how they reacted to what didn’t go according to the plan. Try to apply this approach to your actions and way of thinking.

To create abundance in your life and have a positive attitude towards money, first appreciate what you already have. There’s more of it than you think. Just look around. Begin every day by thanking for the people around you who love you and support you, for the home you live in, the good qualities you posses, the hardships you’ve overcome, and the opportunities that lie in store. This practice will help you leave negativity behind and you will see that there’s already abundance in your life.

You won’t feel like anything’s missing anymore. Instead, you’ll become richer by embracing gratitude. Once you do this, you can focus on getting more of all that you have.

As we know, likes attract likes. Feeling so happy about the good things in your life will give you more of them, on a daily basis.

Then comes the moment to practice what Napoleon Hill preaches – to boldly take action in the right direction, say yes to opportunities, start new projects, take risks and initiative, and create your own luck.

While doing all that, you may want to strengthen your belief for when hopelessness and fear of failure come back. And they will at some point. But with a strong mindset and a positive vision for the future in your head, you’ll deal with them effortlessly.

Life is beautiful. And you can have so much of everything if you know how to attract it. Believe in yourself and your abilities, grow consistently with new experiences, more knowledge and by challenging your limits.

If you want something bad enough, that must be the last thing you think about before you go to bed, and the first thought that consumes your mind when you open your eyes. That’s how you can raise your energy and start bringing anything with the same vibrations that will help you to get closer to that goal.

Throughout the journey to the ideal lifestyle and accumulating riches, make sure you have fun. The thought that you are doing something about yourself and creating a brighter future must be enough to keep you motivated and on the right track.

It doesn’t need to be a daunting process, though. Enjoy every day you’re given, while focusing on the end goal at the same time.

What can you do today to change your attitude towards money and create an abundance mentality?




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How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money

How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money - Interview with R.J. Weiss from

This is an interview-style post with R.J. Weiss from The Ways to Wealth.

Hey R.J. What’s your background and what do you do?

I blog about all things personal finance at The Ways to Wealth.

Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.

During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.

How did you start your career in finance?

I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.

What made you start blogging?

The Ways to Wealth, which I started in 2016, has been my 5th blog.

The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called (no longer around) that had some success.

The idea was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.

I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.

I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.

How was The Ways to Wealth born?

I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.

I was actually thinking it would be a niche site, which was inspired by Pat Flynn’s niche site duel. Then, I came across the income reports of Michelle Schroeder-Gardner and wisely changed direction to a more traditional blog.

This change came about 6-months after starting to blog.  I did a timeline of the site in one of my income reports.

What worked best when trying to grow the site?

I had a decent knowledge of SEO. So at first, I started growing the site with email outreach. One of the first posts I had about best investing books of all time, had about 15 links to it.

This was nice to start with but was quite slow to build up, as it can take a while to earn Google’s trust.

The big turning point came when I started to understand Pinterest. I spent a few frustrating weeks on the platform, then it finally started paying dividends.

I went from about 100 sessions a day to 1,000, which was huge for me at the time.

How did you get to 3 million monthly viewers on Pinterest?

the ways to wealth pinterest 3 million monthly views

I lay out my Pinterest strategy here. But at the core the idea is to:

1) Write high-quality content that Pinners want to click through, read, and share.

2) Pin to my own and high-quality group boards, with a keyword-rich description.

3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.

One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.

What aspects of the online business are you outsourcing or automating and how?

The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.

Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.

I then went to Upwork and posted a job for a  graphic designer. I found a great team down in Argentina, who I’m very happy with.

I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.

I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.

What’s your main income stream and why do you think it works for you?

My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.

When did you start making more than $10K/month and what was the turning point?

My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.

What happened then in January?

First, personal finance is at its peak interest in January.

Second, I had multiple Pins go viral.

Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.

How do you balance work and family life?

I have a routine I stick to Monday through Friday.

When inside of my designated working hours, I work. When outside of these hours, I’m not.

This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)

What are you 3 best finance tips for newbies?

  • Focus on your savings rate. How much you save is the most important decision you’ll make.
  • Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
  • Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.

What books, blogs or podcasts help you stay motivated along the way of growing an online business?

I read a fair amount to keep fresh ideas in my head.

My favorite podcast is The Tim Ferriss Show.

Two blogs I enjoy reading are:

Farnam Street
Barking up the Wrong Tree

And as far as books. I try to read one a week. A few books I would recommend to online entrepreneurs would be:

Deep Work by Cal Newport
The Compound Effect by Darren Hardy
The Four Hour Work Week by Tim Ferriss

Pin this post if you enjoyed the interview.

Check out my interview with R.J. from TheWaystoWealth to see how he entered the finance niche, started making money blogging, began bringing traffic from Pinterest and monetizing it with affiliate marketing, and is now making $10,000/month from his online business. #blogger #interview #blogtraffic #incomeideas #income