A seesaw with money on one side and a lightbulb on the other, representing our thoughts & beliefs about money

Money Mindset: How Our Thoughts and Beliefs Affect Our Financial Success

Financial Success


Download my Top Tips for Financial Health guide and start ruling your finances today!


I'm a Financial Coach, NFEC-certified Financial Educator (CFEI), and café-con-leche fanatic with a passion to help CLOSE the gap in Financial Literacy through my business Wear Your Money Crown™. I am also a children’s author who loves sharing my culture and experiences through the power of stories.


Money, money, money – it’s on everyone’s mind, no matter who you are or where you come from. But let’s face it, talking about finances is a topic often avoided!

And if you happen to be someone who faces additional financial hurdles – like the gender pay gap, societal expectations, or the fact that financial literacy isn’t exactly taught in schools (or frankly even as adults) – well, that just adds another layer of complexity to the mix.

In fact, it’s no wonder so many people feel overwhelmed and underprepared to secure their financial future!

Thing is the thing…

Achieving financial success is totally within our reach, and it all starts with changing our mindset and getting our money game on point. In this blog post, we’ll dive into how our thoughts and beliefs affect our finances, and we’ll provide practical steps that can be taken to improve our mindset & achieve our financial goals.

The Power of Our Thoughts and Beliefs

Our thoughts and beliefs have a powerful impact on our lives, including our finances.

The renowned life coach and motivational speaker Tony Robbins often talks about the power of beliefs, saying:

Beliefs have the power to create and the power to destroy. Human beings have the same ability to take any experience of their lives and create a meaning that disempowers them or one that can literally save their lives.

The same is true for our finances.

Our beliefs about money – also known as money mindset – have a powerful impact on our actions. They can either push us forward or hold us back.

Unfortunately, many of us grasp onto limiting beliefs that prevent us from achieving our financial goals. We may believe that we are not worthy of financial success, that we are too old or too young to start building wealth, or that we are simply not capable of managing money effectively.

As a financial educator and wealth coach, one of my passions is to help my clients identify and overcome these limiting beliefs, many of which have been a heavy – yet silent burden – since their childhood.

You see, our parent’s attitudes towards money, as well as any financial struggles or successes they experienced, can shape our own beliefs and habits. Other childhood factors that can influence those beliefs, include other family members financial behaviors, experiences from school, media, culture, and even religion have an impact as well.

That’s why it’s crucial to recognize the impact of these events, examine how they affect our current financial attitudes and behaviors, and let them go in order to create the financial future we desire.

💡 My Top Tip:

Pay attention to the thoughts you have about money and question whether they are serving you or holding you back. Once you’ve identified your limiting beliefs, you can work on reframing them.  For example, if you believe that you’re not good with money, you could start saying to yourself, “I am capable of learning and improving my financial knowledge and skills.”

Cultivating an Abundance Mindset

An abundance mindset is one that focuses on the possibilities and opportunities that exist in the world, rather than on scarcity and lack.

When it comes to money, an abundance mindset means believing that there is always enough to go around, and that we are capable of creating more. This includes everything from love, joy, happiness, to even money!

According to research published in the Journal of Consumer Research, individuals who approach life with an abundance mindset are more likely to make better financial decisions and experience higher levels of life satisfaction.

This mindset is characterized by a focus on opportunity and potential rather than scarcity and limitation.

When applied to finances, an abundance mindset can lead to more optimistic and creative financial decision-making, resulting in greater financial success and satisfaction.

💡 My Top Tip:

One way to cultivate an abundance mindset is to practice gratitude. Focus on what you have, rather than what you lack. Take time each day to reflect on the things you’re grateful for, including your financial blessings. This can help shift your mindset towards abundance and attract more positive financial experiences into your life.

Taking Action towards Financial Goals

When it comes to achieving financial success, having the right mindset is just the beginning. Taking action towards our goals is equally important. And the good news is, it doesn’t have to be overwhelming or confusing. It all starts with having a clear understanding of what we want to achieve and how we plan to get there.

Think of it like planning a road trip. You wouldn’t set out on a journey without a map or GPS, right? The same goes for our financial goals.

We need to have a plan in place that breaks down our goals into specific, measurable, and achievable steps. This makes it easier to track our progress and stay motivated along the way.

For instance, when it comes to saving for a down payment on a house, setting a savings target is just the beginning. We need to identify areas where we can cut back on expenses, such as dining out or entertainment, and find ways to increase our income, such as taking on a side hustle or negotiating a raise at work.

We can also explore options such as downsizing our living arrangements or refinancing any high-interest debt to free up more money for savings.

However, it’s essential to find a balance that works for us and our lifestyle. We don’t want to sacrifice our quality of life entirely to achieve our goals. Therefore, it’s essential to be realistic about what we can achieve and set achievable milestones along the way to keep us motivated.

With a clear plan and the right mindset, we can turn our dreams into achievable goals and make steady progress towards them.

💡 My Top Tip:

Automating your contributions to a savings account or investment portfolio is an effective strategy to help you reach your financial goals. By setting up a regular contribution schedule, you can make consistent progress without having to rely on willpower or motivation to take that extra step each month.

In conclusion,

Mastering our money mindset is critical to achieving financial success. The way we think and feel about money affects our ability to earn, save, and invest. By cultivating a positive money mindset and challenging limiting beliefs, we can unlock our potential and achieve our financial goals.

Anna Orenstein-Cardona

The power to transform our financial lives is in your hands. Start by examining your money beliefs and replacing negative thoughts with positive affirmations. Develop a growth mindset and adopt a can-do attitude towards money. Make a plan to save and invest and commit to taking action consistently.

Be patient and persistent in your journey towards financial success. It may not happen overnight, but with dedication and the right attitude, you can achieve your dreams.

From my Crown to Your Crown, I salute you!



Wear Your Money Crown® is an empowering, Woman-Owned financial education and coaching firm that is passionately dedicated to bridging the financial inequality gap, particularly for women and people of color. Our custom-made financial wellness programs are designed to provide a comprehensive and invaluable resource for individuals, as well as employers and educational institutions.

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Any questions regarding this post, please email us at info@wearyourmoneycrown.com


Download my Top Tips for Financial Health guide and start ruling your finances today!


I'm a Financial Coach, NFEC-certified Financial Educator (CFEI), and café-con-leche fanatic with a passion to help CLOSE the gap in Financial Literacy through my business Wear Your Money Crown™. I am also a children’s author who loves sharing my culture and experiences through the power of stories.




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