Money Mindsets: Separating The Sensible From The Magical

by Magical Penny on November 13, 2019

If you have ever researched the notion of trying to make a lot more money, it is likely you have come across various ideas about improving the way you think about it. It is certainly true that one’s psychological approach towards money-making is relevant to what kind of success you are likely to experience, as it is with anything you might attempt to do. But there is a lot of magical thinking out there too, and it might be helpful to separate out what works from what is likely to be fantasy.

‘Fake It Til You Make It’

It is almost certain that you have heard of this adage before, and probably likely that you have tried to utilise it too. In some respects, there is much to be said for it: if you pretend that you have already achieved the thing, then you are more likely to behave in a way which is conducive to gaining that thing later on. That’s why buying a cheap personalized licence plate from The Private Plate Company could help you to become wealthy in the long term, and why telling people you are doing well soon often makes it true. But there is a limit, and you should try to avoid that unfortunate and unpleasant situation of just going on faking it – without also taking action to genuinely change things.

Positive Thinking

The whole idea of positive thinking is being tested to its limits these days, and that is probably a good thing, as it means we are going to discover just how useful – or not – it turns out to be. Again, the truth probably lies somewhere down the middle. If you are making a point of thinking positively, that will probably mean that you are going to generally behave in a way which brings about more money. But it’s not an endless magical stunt, and as a method it has it limits. Its danger, again, lies in merely thinking positively – and not doing anything else to help things along. Positive thinking alone does very little – but coupled with real action, it can be incredibly effective.

The Law Of Attraction

This is one of the more dangerous ideas out there. The theory goes that if you merely wish for something to come to you, then it is bound to do so – indeed, that the entire universe will conspire to help you. Like many new age ideas, it probably springs from a genuine truth – in this case, that putting a direct will and action into the world will make it more likely that you get what you want. But many people have taken to thinking of it as a magic silver bullet for anything, and that is a nonsense idea. If you want to invoke the law of attraction, do so while also taking practical, pragmatic and everyday steps towards your goal. That is the real way to become rich.

As you can see, the key in any of these cases is to ensure that you are taking real action. As long as you do that, your mindset may also help you along in the process.

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