The key to being debt free isn’t about budgets or cutting expenses or side-hustles, it comes down to one simple trick: Shifting Your MINDSET and IDENTITY.

How are mindset and identity important to your financial situation?

“According to a study published by the National Bureau of Economic Research, individuals who identify themselves with future financial success are ten times more likely to hit their financial goals.”

Here are some key questions to ask yourself to help shift your mindset and identity:

What Is Your Net Worth?

Long-lasting progress in your financial journey starts with knowing where your money is. How can you expect to find yourself at a location of Financial Freedom if you don’t even know where you are?

“When I first calculated my net worth, it was a negative $70,000 and that was a rude awakening for me. It also gave me a starting point for my journey.”

Who Am I Blaming?

Are you shifting blame and allowing others to dictate your financial decisions? Changing your mindset of making a victim of yourself by shifting the blame for your financial situation to an outward entity or organization to a mindset of inward ownership and responsibility in your journey can reshape your identity and empower you.

“Taking ownership and responsibility for my journey allowed me to be able to step into the role of being the CEO of my life.”

Shifting Mindset of “Why Me?” to “What If?”

When you shift your identity and start to see yourself as someone who manages money well and is financially free, your behaviors start to naturally align. Decisions become clearer and the ability to pay debt off becomes easier.

“80% of success in any field, including Finance, comes down to mindset, not strategy.”

What is Your Relationship With Money Now?

Think of what your relationship is with money right now, and what you want to replace that with. Who is the version of you that manages money well and is financially free? Visualize to actualize.

“The clearer you see who that version of you is, the more you can step into that version of yourself on a daily basis. My students do this work and start seeing results within seven days.”

Do I Manage My Money?

It doesn’t matter if you make one dollar or one million dollars, manage whatever amount of money you have. A mindset and identity shift around money can lead to problem-solving your finances in a resourceful way.

“What’s measured can be managed. In order to get to where you want to be, managing your finances is going to help you to get to the next level.”

Book Recommendations:

The Smart Money Woman: An African girl's journey to financial freedom by Arese Ugwu, a Nigerian woman who wrote a practical guide to building wealth for 21st century African women.

The Alter Ego Effect: The power of identities to transform your life by Todd Herman, who describes how people can create alter egos that they can tap into to embody characteristics they wouldn’t typically in their day-to-day life.

Want to know more tips about Financial Freedom? Download my Financial Freedom Formula Ebook and get complementary insight into my five step process to decrease debt, increase your income and save money!