Recoding Your Money Mindset: Shift from Scarcity to Abundance

Are you feeling stuck when it comes to your finances, no matter how hard you work? Do you find yourself constantly worried about money or hesitant to charge what you’re worth? If so, it’s time to take a closer look at your money mindset.

In this post, we’re going to explore how to recode your money mindset so you can break free from limiting beliefs and step into the abundance and financial freedom you deserve. By the end, you’ll have practical tools to shift your money beliefs and start creating wealth from a place of confidence and empowerment.

Let’s dive in!


What is a Money Mindset?

Your money mindset is the collection of beliefs and attitudes you hold about money. These beliefs, often formed in childhood, shape how you think about earning, spending, and managing money as an adult.

For example, if you grew up hearing things like:

  • “Money doesn’t grow on trees.”
  • “You have to work hard for every penny.”
  • “Don’t be greedy.”

These early messages can stay with you and impact how you handle money today. The good news? Just like any belief system, your money mindset can be rewritten and recoded to align with the financial success you desire.


The 4 Most Common Money Mindset Blocks

Before we jump into how to rewrite your money story, let’s talk about the four most common money mindset blocks I see among coaches, solopreneurs, and entrepreneurs:

1. Scarcity vs. Abundance Mindset

The biggest block I see is living in a scarcity mindset. This is the belief that there’s never enough money to go around. You might hold back from investing in yourself or your business out of fear that you’ll run out of money. You may also feel like you have to compete for every opportunity, believing that someone else’s success means less for you.

An abundance mindset, on the other hand, is the belief that there’s more than enough money and opportunity for everyone, including you. When you embrace this mindset, you’re more willing to take the risks and make the investments that help you grow.

2. Fear of Charging What You’re Worth

Do you ever think, “Who am I to charge that much?” or “What if people think I’m greedy?” This fear is a huge block for many entrepreneurs. Charging what you’re worth isn’t about being greedy—it’s about valuing your time, energy, and expertise. If you have a subconscious block around worthiness or fear of rejection, asking for the rates you deserve can feel incredibly hard.

3. Limiting Beliefs Around Wealth

Do you have beliefs like, “Money is the root of all evil,” or “Rich people are greedy”? These limiting beliefs can push wealth away from you, even without you realizing it. You might find yourself undercharging, over-delivering, or avoiding money conversations altogether because deep down, you’re uncomfortable with wealth.

4. Fear of Success or Failure

Finally, the fear of success is more common than people think. You might be thinking, “What if I can’t handle the pressure that comes with more money?” Or, you may fear failure—“What if I try and it doesn’t work?” Both fears can keep you stuck and stop you from moving forward with confidence.


Rewriting Your Money Story

Now that we’ve identified some common money mindset blocks, let’s talk about how to rewrite your money story. Your money story is the narrative you tell yourself about money—who you are with money, how much you deserve, and what’s possible for you.

The good news? Just like any story, you have the power to rewrite it.

Start by Asking Yourself:

  • “What kind of relationship do I want to have with money?”
  • “What beliefs am I holding that aren’t serving me?”

Maybe your current money story is something like, “I’m not good with money” or “I never have enough money.” To rewire that belief, shift it into something more empowering, like:

  • “I am capable of creating and managing wealth.”
  • “Money flows to me easily and effortlessly.”

The key is to consistently challenge and reframe the limiting beliefs you uncover.


6 Practical Tools to Recode Your Money Mindset

Shifting your money mindset isn’t something that happens overnight, but with daily awareness and action, you can recode your beliefs and create the financial success you deserve. Here are six practical tools you can start using today:

1. Journal About Money

Set aside time each day to journal about your thoughts and feelings around money. Write down any limiting beliefs that come up and challenge them. This will help you become more aware of the stories you’re telling yourself and create space to rewrite them.

2. Use Money Affirmations

Affirmations are a great way to rewire your subconscious mind. Start using empowering statements like:

  • “I am worthy of financial abundance.”
  • “There is always more money coming my way.”

Repeat these affirmations daily until they become your new normal.

3. Visualize Financial Success

Visualization is a powerful tool for shifting your money mindset. Close your eyes and imagine what financial success looks like for you. Picture your bank account, your lifestyle, and how it feels to have financial freedom. The more vivid your visualization, the more aligned you become with the energy of abundance.

4. Build a Positive Relationship with Money

How do you currently treat money? Do you avoid looking at your bank account out of fear? Start building a positive relationship with money by regularly reviewing your finances without judgment. Create a budget that aligns with your goals, and celebrate your financial wins—no matter how small.

5. Surround Yourself with Abundance

Surround yourself with an environment that supports abundance. Listen to podcasts, read books, and join communities where the conversation around money is positive and empowering. The more you immerse yourself in abundant thinking, the easier it will be to shift your own mindset.

6. Take Aligned Action

Finally, take aligned action. Recoding your money mindset is about more than just thinking positively—it’s about taking action. This could mean raising your rates, making an investment in your business, or simply journaling about your money beliefs. Whatever it is, commit to taking one small, aligned step toward financial freedom today.


Final Thoughts: Recoding Your Money Mindset Changes Everything

When you recode your money mindset, you stop playing small. You start making confident decisions about your finances and your business. You stop undercharging, you stop avoiding money conversations, and you start owning your worth.

Shifting your money mindset isn’t just about making more money—it’s about feeling empowered and free when it comes to your finances. It’s about creating the life you want, giving back to causes you care about, and building a legacy that matters.

So, what’s the next step for you? Take one small action today to start recoding your money mindset. Maybe that means journaling about your money story or raising your rates for your next client. Whatever it is, take action.

Remember, you have the power to recode your money mindset and create the financial success you deserve. You’ve got this!


And if you’re ready to dive deeper into this work, make sure to grab my Free Money Mindset Resources 👇🏼 linked below to take your money mindset transformation to the next level.

What Next:

📌Download your Money Mindset Resources:

Download your FREE Prosperity Practices Resource: https://sallyoddy.com/prosperity-practices

365 Days of Stellar Success Journalling System: https://sallyoddy.com/stellar-success

Money Mindset Makeover Bundle: https://sallyoddy.com/money-mindset-bundle

FREE RESOURCES

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Let's do this together xx

MEET SALLY ODDYBusiness, Marketing & Mindset Mentor

Sally works with soulpreneurs, pouring over 20 years experience into their hearts, minds and businesses.

Passionate about living life on purpose, Sally is all about honouring and accepting the fullness of self.

In-powering her clients to experience life in beautiful, bold, expansive ways is how they create and attract abundance and success into their lives.

Guiding her clients to dive deeply into their vision and mission, Sally shares her aligned approach to building online businesses that have a deeply positive impact in the world.

Sally is a Yorkshire Lass who grew up in 80's South Africa and is on a mission to inspire you to fulfil your dreams and potential in order to create a more in-powered and happy world.

Find out about how to work with Sally privately in her unique Mentorships or in a supportive group setting in The Prosperous Coach Collective

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