How to conquer toxic money mindset
You might be developing a toxic money habit without your knowledge. Let’s see if you might have done that. Have you ever wanted to quit your boring job because it is affecting you emotionally as well as physically, yet you continued to work even if they asked for you to do overtime?
If the answer is yes, then be delighted to know that this right here is a perfect example of a toxic money habit. Because in this case, you know how it feels to receive money when you resented every second of making it.
Toxic money –
Many psychologists and legit magazines like ‘Tapping into wealth ‘ have repeatedly said the same thing that if you are receiving money from a source that you truly despise–then that money for you is toxic. But at the same time, another person is enjoying the same source you despise, then that money for them is healthy.
Toxicity depends on the individual, the only common link is the solution for it. The amount of money has nothing to do with your happiness, no matter how much you try to convince yourself into believing that– wow, this is a handsome amount of money, I should keep working!
It is not gonna work. No matter the amount of money, you will never feel good if you are not happy inside.
Do you have toxic money habits?
The solution to any problem first requires identifying them. Learn from students, they know they haven’t learned anything for exams, so they study the whole night before, and if they don’t want to do their homework, they turn to assignment help. This is how they create solutions by identifying the problem.
Talk to yourself, inspect closely your money spending habits, and don’t step back from taking accountability for your actions. If you want a solution, don’t cower back from admitting that you indeed have created the problem! These toxic habits present themselves in many forms.
The common ones are-
- Do you spend a lot of money shopping in the name of ‘awarding yourself? And then lie about the amount of money you spent because now you are feeling guilty about saving money?
- Do you feel more comfortable using credit cards than cash? Using credit cards on every occasion you get? i
if you have developed habits like the ones mentioned above, then you have toxic money habits.
The habits that do nothing but ruin your finances. People who are hanging in between the line of– are they overspending or are they getting under-payed? Tends to participate more often in habits like these.
Underearning is a combination of not being able to meet the basic needs and also the inability to showcase their capabilities to the fullest. These kinds of internal battles will encourage you to commit toxic money habits. If you know what yours is, keep a nice distance from them and save your finances.
Do you have toxic money?
Toxic money is the money you hate, you need it but you don’t want it. Because it comes from a work or source you once liked but now due to some reason, you had a negative shift in your opinion. Let’s take an example-
Let’s say your parents or a relative gave you money to complete your loan or for some other reason, but now if you resent them, you will resent the money too. Any money that comes from a similar case like this is toxic money for you.
Earning toxic money will make you feel like –
- That you are just a listener, they tell you what to do and you listen. In simple words, you feel small.
- You can’t make changes, you feel like living by somebody else’s rules, and you obediently follow the rules because you need money.
- Earning this way will make you feel that you are not at your best, all the time!
This type of earning will damage you in more than one way, and this money is not worth the damage.
Conclusion:
The more negative you feel about a place the more toxic the money is. If you can survive without earning money for a few months, then don’t think, just walk away. Look for something that you love doing and something that will help change your toxic money habits.
Read more: How does the stock market affect the economy?
