Toxic Money Mindsets That Are Keeping You Broke 💸
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- čas přidán 4. 06. 2024
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In today's video, I'm sharing all the bad money mindsets and habits that played a role in keeping me broke. I believe mindset is so important when it comes to changing your relationship with money, and changing your habits. Of course, mindset isn't everything, but it plays a big part.
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This was probably one of my more frank and honest videos about some mindsets I’ve personally had to overcome to change my relationship with money. What are some mindset shifts that have helped you?
Thank you, Christina, for your transparency about your personal journey of financial ups & downs. You are helping so many people not feel alone & make needed changes in their own lives. 😊❤
I see money as time between me and homelessness. I don’t come from much, there is no “home” to go back to. I see $10k as 3 months to live before homelessness, not as $ to spend.
I have so burned out & then I shop to make myself happy. I need to change before it gets worse. Thanks for sharing and inspiring.
I’m so sorry you’re burnt out! You got this!
I relate to you so much
Sending good vibes to you! ✨
You can do it! Starting is often the hardest part (o＾・＾o)
I relate to your situation. Even though it may sound cliche, you can change how you work and spend money, one small step at a time. You will be able to evolve through this! I'm recovering from burn out myself, but this requires me to be off of work for many months. Trust me, it's not worth it to work yourself into burn out. All my hard-earned savings are now slowly dwindling away, but I still do not feel ready to get back into the workforce again.
The worst for me was having acne and seeing all these makeup products influencers would say is the best foundation every week. Looking back all I needed was tretinoin and a bit of concealer
Wonderful video! I did these things 6 years ago and eliminated all debt in a year and these last 5 years have been more than what I could imagine. Nothing feels better than being out from under that oppressive weight!
My mantra is “I will always have enough”. I may not have the flashy car or designer stuff.. blah blah fill in the sales pitch. But I have enough.. to be healthy, safe, stylish enough, and generous. You can be more if you don’t owe your soul to a credit card or bank.
Enough….
I love this. Knowing your enough is SO important
Me to. I paid my debt back. Just left with 1 personal loan
Last 3 jears i buy nothing only food. Nothing.wanted to ne debt free.
I always bought things at discount, seldom full price. I thought I was being careful, until I spent $12k in 2006 (Amex card itemized year end statement). I couldn’t recall any item that I’d remember and treasure. Everything was $5/$10/$15/$20. It was like eating fast food to fulfill nutritional needs yet in fact it was mostly junk or empty calories. If I’d spend $12k to buy one 3 carat diamond ring, at least I’d remember and have it to show for.
I somehow managed to cut way back on mindless buying discounted wardrobe items. I was able to save $200k after tax money in 10 years. I used it to buy a retirement home cash (and completely remodeled the interior) 3 years ago.
I was adjusting to retirement for 18 months. During which I went back to buying a lot, “delivery everyday” a lot; all without tracking my spending like before. Finally my mind calmed down and sobered up. I am going for no buy this year because I have to build up cash reserve. Retirement money management is critical for large expenses like car repairs, car replacement, home repairs, and dental implants. Any travel needs funds, too.
May i ask you, how old are you? Im planning for my retirement too
I associate with your message. I don’t buy big money items but lots of smaller mainly thrifted items because it’s ‘so cheap’ but I don’t actually need it and if I added up the amount over time it would be a lot of money. I am changing that mindset and looking forward to having more savings.
Here are a couple limiting belief comparisons:
I am bad with money -> I am working on being more aware about my purchasing habits so I can make positive changes.
I feel restricted by a budget -> I am learning how to make every dollar work for me.
Money doesn’t grow on trees therefore I can’t waste it on fun things (feeling trapped and miserable) -> I am putting aside a percentage of my income and prioritizing experiences so I can enjoy my life and not feel guilty about it!
BTW I started a CZcams channel documenting my low buy year journey! I’m just getting started but I also wanted to address how money beliefs keep us stuck.
Thanks for sharing!
Definitely listening to NLP made a huge impact on My lowbuy January! ❤️
I made it through my first month of a no buy year. There were a few temptations, but I was able to resist. Instead I focused on cleaning out my house and appreciating what I have. February should be even easier because the habit is beginning to stick.
January was SUPPOSED to be a no buy month but it was BAAAADDDD - I spent too much money on silly things - time to restart
As a Canadian, who just recently entered a Canadian Debt Relief Program. I am officially and completely mortified of my spending habits. 💔 2024 is going to be a real slap in the face, and a year to step it up. Face my bad cycle and flip the script and change my money habits! 💰 💯
Rooting for you!
scarcity mindset had also manifested for me as not being able to say no and spending emotionally and compulsively b/c i was always denied having things growing up and basically couldn't have things growing up (grew up poor) so the real real shame that came with that meant i became an emotional spender and felt real shame over just lacking in general.
this also meant that the real work for me has been delaying instant gratification in benefit of my future self and stopping avoiding my money in general b/c i was afraid of dealing with it and ashamed of what i didn't know and how bad it had gotten. lots of shame basically lol
i paid of my debt this month. your channel helped me a lot.
Well done you! I'm in the same shoes as you, growing up not having much, I have a scarcity mindset. I was spending all my money on cheap/useless/aspirational stuff, end up not using them, and regretting my purchases. I've been in debt due to this habit as well. It's so empowering when it's finally paid off. But totally relate to the feeling of shame about our bad money habits.
My attitude now: I have everything that I need. But I'm still working on minimalism in one challenging category for me: wardrobe. I am working on shopping my closet and not feeling like I need something new to wear once in a while, especially for a vacation.
I’ve been watching a lot of anti MLM (multi level marketing) content lately and MLM huns use this language to convince people to join and stay in their schemes. “Let go of your scarcity mindset”, “have an abundance mindset”.
lol i promise im not going to dm you on Facebook asking you to buy into my essential oil pyramid scheme
@@Christinamychas Hahaha phew! It was weird hearing the terms being used as a way to curb spending considering I've only heard them used to sell MLM stuff! Very "prosperity gospel" and "manifestation" stuff usually.
My lowbuy January was very helpful identifying that I always wanted to break it when I felt sad and anxious . Mostly looking for thrifted items I wasn’t even wanting in first place. Most of the time I invested my energy in several Diys I was postponing forever. I rearranged my clothes, felt very creative and worked out as much as ever did. I started painting 🖼️, I loved to do it and stoped when I became a mother. I am SO happy to feel capable to think clearly about my spending habits and give it another view . Maybe I am going to a February too! ❤Thank you so much
Thank you for sharing 💜 your experience! Very similar to mine. It was hard doing my 1st low/no buy but I learnt so much and those lessons are priceless
Hi Christina, I want to be DEBT free! What you said at the beginning of the video is so true, I experienced the same thing...earning a good salary and spending it without a thought. Now, that I have been unemployed for awhile now, I have felt that debt even more. Argh. I have quickly switched from reckless shopping to essential things only. Thank you for this video.
I realized while watching this the biggest mindset holding me back is that when I see something I want and don’t buy I’m like “I’m depriving myself and I deserve to have nice things.” I think the opposite is “By not buying , I’m allowing myself the peace of mind of not having to stress about how I’m going to pay for things between this purchase and my next paycheck”
This video is amazing and very helpful! I wish every influencer talks about these things because I do think that a lot of them put a front act to their audience to keep up with that following.
The biggest turning point for me was looking into the stuff I have and realizing that I don't even get to use half of them on a regular basis.
My spouse really helped me turn things around because she's really thrifty and good with money, I always tell her first that I want something then she asks me "But do you need it? Or you just want it? Think about it first". Then time passes and I forget that I even wanted that item.
Also not spending more than what I earn really helps. I make sure that I save more first or just withdrawing limited cash at least $100 for myself for a month to use as my spending money, once that runs out, then that's it, onto the next month.
Yessss love a guilt free spending budget! And evaluating what you own already. So good!
Idk what I’d do without your videos.
One month down in my no buy year!
I grew up not having much. Just enough to live a humble lifestyle. Long into adulthood, I have a scarcity mindset, even now. As soon as I had my first job, I was always scared to make big purchases (even though it's something necessary) but I spent all my money on cheap/useless stuff. It's always a cycle of getting high with aspirational purchases > regretting my purchases > shaming and hating myself for it > swearing not to buy anything to the point of denying myself what I need > and repeating the whole cycle all over again. After several years of being in the cycle, I was in credit card debt and thankfully I've been able to paid it off within less than a year AND have avoided being in debt again. However, I still struggle with making mindful purchases. After many years of grinding at work, I'm further fueling the cycle by being burned out, which made me feel the need for instant gratification with impulse purchases. Thank you for inspiring me to fix my finances again!
There’s a spiritual crisis going on for me too. Fully trusting a Higher Power to guide me through difficulties and scary changes I need to make works a lot better for me than relying on material pursuits to have a happy life. Material pursuits often seem to benefit others who profit off exploiting my weaknesses, while spiritual pursuits show me what I can do and who I can trust.❤
A couple of money thoughts that keep me stuck are:
“I’m afraid to make THAT much money, because of the responsibility that comes with it.” AND
“I’ll never be able to afford to retire, so enjoy my money now-never saving toward a future.”
Thanks for exploring these bad habits and ways of changing them with me/us. ❤
I put this in my listto watch on repeat. Such a multi-layered message. (My mantra I know how to manage my money)
Such great and wise advice. Thank you
Your debt free video is one of my most favorite, CZcams videos of all time! You are exuding so much joy in the video.
Thank you, this is so me I always wondering where is my money 😢, I'm changing since now
Oh I sooooo needed this!!!! I’m a single mom who didn’t plan well for my son’s college days!! 126,000.00 later and now I just feel totally defeated…I am going to watch this on repeat!!! Thank you!!!
Thank you for your transparency and for these helpful tips!
I've been following you since pre-pandemic days, and you've inspired and helped me to be more responsible of my finances and to be a more intentional shopper. Thank you for always putting out great content. It keeps me in check 🤗
GREAT MINDSET CONTENT ON MONEY, SO GOOD I SAVED VIDEO TO REWATCH A MILLION TIMES!!!!❤❤❤❤🥰🥰
Excellent video thank you! Please do more of these
such an awesome discussion! mindset is everything when it comes to money. amazing topic 🎉
love this, thank you 💙
Thank you for the video and for the tips!
I am learning my way out to keep my budget, spending, all more balanced and mindful. I know it takes time to change old habits, and some of them may not be easy, but we can all do it! Little by little. I wish we had more creators like you having visibility on different platforms so more folks get this type of content. We need it!! ❤🎉
Thank you for this honest video. I love your content!! Keep slaying!
Thanks for your inspiration! It will take time to effect meaningful change, however I have started tracking my spending so I am aware of where I can places to save more! Really working on this in 2024 so thanks for all your help!
Loved the input and advice thanks !
Thanks Christina, very helpful.
Thank you so much for this video. I feel like I’m finally getting to a place where I am managing money better. There are still steps I want to take to build investments, pay off debt etc. however I’m to the point where I’m paying off CC’s, hoping to keep them paid off and trying more low buy/ no buy months. I did fairly well in January except for craft supplies. I figure each day is a new day to practice and have a positive mindset and a plan of action against temptation. Fail to plan, plan to fail. I really appreciated you being so transparent with your advice and money practices.
Great message. And your push up game is strong!
thank you Christina for sharing 🤩
Your videos are SO good. Thank you x
I love your videos Christina, thank you for being an inspiration 💛
The biggest money mindset holding me back: not thinking I and my wants are worth spending money on. I've been realizing just how much it holds me back as of late -- so here's me flipping the script. I am worth spending money on, and my wants are valid and deserve fair consideration and to be granted where feasible.
Though it's not so much about money, your comments about the term "shopaholic" really resonate with me on how I talk about myself and my relationship with work. I often refer to myself as a bit of a workaholic/recovering workaholic. There was a while where I found the term helped me acknowledge the dangers of what I was doing, and that it was verging on an addiction, but the longer I keep the term the more enabling it feels. It really does feel like it justifies inaction, and makes it sound like an involuntary condition instead of a habit that can be changed. Now to figure out where that mindset needs to shift to...
I love this mindfulness!
I really needed this!
I hope it was helpful!
Thank you❤
Excellent insights!
Do you have any advice for useful impulses? Where I struggle the most is the fact that 90% of my impulse purchases are useful, like a lint roller or end tables or hand soap refills.
I am the same. I've started making a list of what is needed, for example new silpats to replace our 20yr old ones, new toilet brush, new mattress for my son who won't stop growing, etc. I prioritize those things and purchase a couple, with each paycheck depending on what fits in the budget that round.
Hi Christina this year is the first time I've really allowed myself to see what I'm spending money on .After maxing my credit card out I felt I needed to change my shopaholic self this (as a lot of yours does ) has helped me so thank you
❤️❤️
Great advice. Love you videos
I’ve been trying to change in the New Year. Saving and paying off debt. The hardest part is to not buy/shop.
Have to be careful with the "abundance mindset" as I was notorious for justifying buying something now with future paychecks, sometimes mentally calculating months in advance of what my paycheck would be to cover what I'm spending today. "There's plenty of money in the future", w/o taking into considering the hours slaving away tomorrow for months for a purchase "high" today.
Budget is the key!
Great advice, as always ❤Christinaaa..I just started following Nikki LaRose, the makeup artist, you girls could be sisters (down to your hair cowlick)😊❤ a colab with her would be out of this world 🎉
Oof, #6 hit hard. At 48 yrs old (today actually), I've always had a problem with this.
Thank you for this 🙏
❤❤❤
@@Christinamychas ❤️
Your content is amazing ❤
The biggest lesson that I had to learn was hitting people up for money that they owed me. Then putting a consequence on them if they didn’t pay up. Lastly, not getting in that situation again
Such a great video.
Always great to hear some sound $$$$$ talks in today’s economy. But having watched the footage of the recent flood in Dubai - 4 years of rain in 4 days - I am guessing many of those people were smart minimalist😮 maximalist high vibing people and yet many of their streets and businesses were wiped out. It was insane. So money like climate change can sometimes be well outside of our control.. We are just not God and even minimalists can lose in the big game of life. …make it, save for it, forget about it or just stop wanting it… too much conflict between the desire for wealth and the desire to save the planet and try and save the world…keeping it as simple as possible. Thanks for all you do to help women understand themselves.
I also think God loves Vegas … bombshells, plastic surgeons, big lifestyles and real players at casinos… as well as Wall Street and not all those rich people are saints - more like Lucifer than Jesus……
The only problem with money I have is a mindset "to earn a lot of money I have to do the things I don't like or not able to"
I feel like I'm in a place now where it doesn't take me as long as it used to to correct any mistakes I make financially... if I go over my budget, then I'll just start over once the week is over. My low-buy goals are becoming a lot more clear to me, and I'm grateful for the support I'm getting from my parents. I know that my best friend/future roommate is in a similar situation, and yet, she doesn't talk about these things very often with me because her views on the matter tend to clash with what her parents see in her, which is an issue that I'm tired of getting involved in. 🙄
Current mindset- it isn’t much money on this one item or it’s a saving from the full price so I should buy it (but it’s all adding up in reality) vs New mindset - I don’t need this and it’s £x still in my bank account to go towards a holiday/weekend away/emergency fund if a large value item breaks.
Try reading about family constellation
This is so inspiring and you are so brilliant! You look like a power house of a woman and very beautiful! You put out one after another of videos that are so inspiring in the three areas of my life were I bin not so brilliant! It is si inspiring to see what you can do if you work hard at it! Both with cloths, health and money 🥰🥰🥰
Hey Christina.. I m a pharmacy student.. Can u make a video on pharmacy job or your job.. Incase u are comfortable wid it
As scary as it is to look at how much money I have it's better to keep on top of it. I learned that from personal experience.
Thank you for sharing! These videos are really helpful.
Bad money mindset: It's probably fine. I'm probably fine. I don't know so it's probably fine.
Opposite: I know where I'm at and where I'm going and I know it's fine as I'm taking the steps to make sure it's ACTUALLY fine.
Love your content 🤎🤎🤎
I like spending on good shoes, books, perfume and dresses in that order. I don't have a credit card. I don't owe anybody anything. I'm just trying to save enough for my children's education.
2:26 what are some examples of an abundance mindset
I will be debt free, I have enough, money comes to me freely, I am not stuck, I will always find a way, I am good with money, my work is of value and I deserve to be paid for it, having money is not evil etc etc! 🚀
“I love being fashionable” not a “shopaholic”. I “work hard to be good at math,” not “I am bad at math”. ❤
Also being happy with all the wonderful things you have (as opposed to thinking of all the things you don’t have or the things you want to have)
@@Christinamychas thank you 😊
@@AyHess I do need to change the mindset of wanting more. I do try practicing gratitude 🙌🏽 thanks for your reply as well 😊
⭐️
Here goes - I’m too old. I’m 47 and a renter and have 23k of credit card debt.
I’ll say I can correct this, with good money practices I can be debt free by age 50.
😬
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