Do You Have an Open Mind When it Comes to Your Money?
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If you didn’t know, then yesterday kicked off Financial Literacy Month! This is a great month for finances, right? I mean, who doesn’t love tax time? Well, I don’t, but I do love talking about finances! This month is dedicated to helping people learn more about their personal finances.
I enjoy this month immensely and think it is very important in molding the financial minds of those willing to learn. One topic that I want to talk about during this month is keeping an open mind. This is something that I didn’t used to do, but after I started accepting other ways, my financial life changed for the better.
How Being Closed-Minded Affects Finances
I typically consider myself a pretty open-minded individual. I will try different things at least once, but I also love to hear other people’s opinions and how they do things. Having an open mind helps me learn and absorb more information. One problem is that I noticed how I would deal with my finances. My mind was completely closed when it came to how I handled my money. I didn’t think of other ways to save, earn, invest, and pay bills outside of the ones I already knew and used. I was just in my own little world.
I believe this mindset really affected how I could grow my money. It also affected how I built up debt. Since I didn’t an open mind about ways to save and spend my money, I just went with my credit card. The big issue was that I went with my credit card too many times. After amassing over $50,000 in credit card debt, I realized I needed to make a change. I needed to open my mind and let different methods pass through.
How Being Open-Minded Changed My Financial Life
After realizing that I was just going through the financial motions, it was time to make a change. One of the reasons why I started Debt Roundup was because I wanted to interact with other people looking to change their financial situations. The best way to learn new things is to immerse yourself into a specific niche. The personal finance niche was the best one I could think of. My blog allowed me to connect with like-minded individuals, but also learn from what they were doing.
I learned early on that I needed to keep a very open mind about all things financial. There are some that have crazy techniques to save money, but then there are others that have very practical ways in dealing with their cash. Once I opened my mind to allow for new ideas, my financial life changed for the better. I was getting ideas left and right on how to start investing, how to save more money, and how to earn more side income from starting a blog and freelancing.
Before I started my blog, I was working hard to pay off my debt. After the blog and meeting a ton of different people, I have paid off that debt and saved enough money for a down payment on a new home. I have also started investing and learning different ways to save my hard earned money. By me opening my mind to new ways to deal with money, I have gained financial freedom. I now dictate how I spend my money, instead of the other way around. I am in control of my financial future and now I can make the best decisions for me and my family.
The entire point here is to keep an open mind when it comes to money. Don’t think for one second that your way is best. Take in all available options and make the best decision with the information you have. I have found that many of my methods were not the best, but now I have learned from those mistakes and grown.
Do you keep an open mind when it comes to your finances? How has your financial picture changed by trying new things?
Photo courtesy of: Keoni Cabral