4 Money Mindset Shifts From Jason Drees That Pay Off In The Long Run

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When it comes to managing finances, the general council says we should budget for expenses and save the rest for a rainy day. This money mentality ensures that we will always have enough money for the things we need, as well as the things that matter most to us.

But does this “safe play” approach that we’ve been talking about for so long really help us achieve our financial goals? Sometimes changing our financial mindset to make it less restrictive can help us achieve better success, argues business coach Jason Drees.

“We tend to focus on the past … setbacks, failures and missteps, and assumptions with the belief that those things will happen again,” Drees says. “When we remove these beliefs from our planning, we open the door to a greater financial opportunity.”

With April being Financial Literacy Month, Select spoke with Drees, author of the forthcoming book, “Do the Impossible: Unlock Your Full Potential with the Power of Mindset,” about four of his long-paying money mindset changes.

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1. Stop “saving” your money

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2. Break your financial comfort zone

Many people live in what Drees defines as a financial comfort zone, which is largely based on what their parents earned. But what your parents earned when they raised you versus what you can earn today are two drastically different things. Drees argues that by imposing these limitations on ourselves, we may end up subconsciously sabotaging our parents’ opportunities to grow and earn more.

The first step in going through your financial comfort zone is to recognize this same pattern. Drees then suggests changing your mindset and beliefs about money, thinking instead that money is not the root of all evil, but a good thing that gives you more time, resources, and options. This may also mean believing that your family will continue to love and accept you even if you earn more.

“When you’re growing up, there’s going to be a little bit of discomfort,” Drees says. “There’s going to be a sense of growth and expansion. When you lean into that discomfort as you expand, you normalize that new level.”

3. Develop a “rich person mentality”

4. Determine your “financial freedom” numbers.

Editorial note: The opinions, analyzes, reviews or recommendations expressed in this article are exclusively from the wording of Select and have not been reviewed, approved or endorsed by any third party.

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