4 Easy Steps for Financial Success

Photo by bruce mars on Unsplash

We have such a complex relationship with money — both with how it impacts our lives as well as how it influences our everyday decision making. In my career as a business mentor and trainer, I’ve discovered from working with all types of people that, no matter what, changing the way we think about money is vital for our success. Here are some of my favorite tips:

  1. Examine your financial past. Improving your money mindset begins with analyzing your past. What did your learn about money from your parents? Did they spend lavishly or teach you to be extra frugal? Or maybe they told you that money was the root of all evil. Perhaps you have some financial baggage that you’ve been carrying around without realizing it; maybe you racked up a lot of credit card debt or filed for bankruptcy. If so, these experiences could be limiting you today. The first step in turning your money mindset around is to recognize these damaging thoughts and learn to let them go!
  2. Get rid of your fears. Are you worried about your financial future-such as living from paycheck to paycheck or not having enough money when you retire? You’re not alone. Eradicate those fears by getting control of your budget and learning to bootstrap (doing more with less and hunting for bargains). Divide your expenses into those things that you need (food, shelter, transportation and utilities) and those things that you want (entertainment, treats and extras). Look for ways to reduce splurging on items that you want, but don’t necessarily need, and regularly allocate a portion of your earnings to savings or investments.
  3. Learn to talk about money. We’re often taught that money is a taboo topic and one that we should avoid discussing. But, in reality, it’s okay and absolutely necessary to talk about money. You must get active in conversations about your financial future because it’s your future- don’t be a bystander. Say, for example, a friend invites you to participate in an activity that you can’t afford (an expensive trip, dinner or party), practice financial transparency by telling them that you don’t have the funds to do so. Never feel any pressure to keep up with others in your circle. It’s not always possible or financially responsible to do so.
  4. Teach yourself to love money. Wealth is good- it’s just a matter of using it the right way. With financial success comes the opportunity to utilize your money to help others and to take care of yourself and your family. There’s nothing wrong with being wealthy so come up with a money mantra to repeat to yourself such as “I deserve money and success,” or “I will attract more wealth today.” Keep reinforcing that idea while building your financial confidence because you deserve to be wealthy, you really do.

I hope that you’ll put these money best practices to good use. If you’re interested in learning more about budgeting, bootstrapping and improving your financial future, check out my new book, Launch Your Inner Entrepreneur.

The Startup

Get smarter at building your thing. Join The Startup’s +787K followers.

Sign up for Top 10 Stories

By The Startup

Get smarter at building your thing. Subscribe to receive The Startup's top 10 most read stories — delivered straight into your inbox, once a week. Take a look.

By signing up, you will create a Medium account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Check your inbox
Medium sent you an email at to complete your subscription.

Charlene Walters, MBA, PhD

Written by

Charlene is an entrepreneurship coach, business/branding mentor, speaker, trainer, author of Launch Your Inner Entrepreneur, and the busy single mother of two.

The Startup

Get smarter at building your thing. Follow to join The Startup’s +8 million monthly readers & +787K followers.

Charlene Walters, MBA, PhD

Written by

Charlene is an entrepreneurship coach, business/branding mentor, speaker, trainer, author of Launch Your Inner Entrepreneur, and the busy single mother of two.

The Startup

Get smarter at building your thing. Follow to join The Startup’s +8 million monthly readers & +787K followers.

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store