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20 Money Affirmations to Improve Your Financial Mindset

Imagine approaching financial planning with a positive mindset.

When you budget for the month, you treat it as an act of self-care. When you map out long-term goals like retirement, you envision what you want for your future.

Deepak Chopra, Personal Capital’s newest Financial Hero, says that money affirmations can help you develop this positive outlook. When you relate to your money with a sense of gratitude and openness, you’re more likely to meet goals and embrace opportunities.

Yes, there are exceptions. Financial hardships come suddenly. Systemic inequalities burden people disproportionately. Ignoring these realities certainly won’t make them disappear.

“Especially now, when the economy has brought financial hardships to those who can least afford it, anxiety about loss of income has replaced the sense of abundance and fulfillment,” Dr. Chopra said. “Bringing abundance into your own life should be more than a game of chance.”

Amidst challenges and chance, how can you welcome abundance? You can try shifting your mindset to focus on what you want to believe. Think of it like this: We create what we put our energy and time into.

What Are Money Affirmations?

Changing long-held, deeply ingrained beliefs is often a difficult and lengthy process. That’s where money affirmations come in. Money affirmations are simple, positive phrases about yourself that can help set your thoughts toward your financial wellness.

You may not believe these statements at the present moment; you may revert to a more familiar mindset. That’s natural. The idea is that in repeating wealth affirmations, you begin to internalize them as truth.

What is the Law of Attraction?

According to the Law of Attraction, we have the ability to attract into our lives whatever we are focusing on. Basically, all thoughts turn into things eventually. If you focus on positivity — and actionable goals — you will find a way to make them happen.

Here’s the most important part: Money affirmations aren’t just about having more money.

As Dr. Chopra put it, “there is such a thing as rich but miserable — you may know people who fit that pattern — but there is no such thing as fulfilled and miserable. Material abundance, which can be useful, contains no fulfillment by itself.”

This is about changing your mindset in order to create financial abundance.

20 Powerful Money Affirmations for Focusing on Abundance

At first, it can feel strange to repeat money-positive phrases — especially if you’re unaccustomed to talking to yourself in any concerted way. Beyond the initial discomfort, pay attention to how you feel when repeating these phrases. Do they feel true to you? Do you want them to be true? Take note.

  1. I am in control of my financial wellness.
  2. My net worth is not my self-worth.
  3. I am at peace with my portfolio.
  4. I have all the money I need.
  5. My money goes to what I value.
  6. I deserve the money that I earn.
  7. I am a great giver of financial gifts.
  8. My money works hard for me.
  9. I am a great receiver of financial gifts.
  10. My actions create prosperity.
  11. I visualize financial peace.
  12. I am financially confident.
  13. I am financially empowered.
  14. I use money to improve the lives of others.
  15. I have a healthy relationship with money.
  16. My life is filled with wealth.
  17. The money I earn and spend makes me happy.
  18. I release my fears around money.
  19. I am intentionally building wealth. It is a process.
  20. My prosperity is limitless.

Perhaps these phrases aren’t relevant to your financial situation. If not, consider writing your own money meditations. Be sure to center your affirmations with these three elements: present tense, positive words, and facts. Instead of thinking about what you may be able to accomplish in the future, focus on shifting your beliefs in the present.

4 Steps to Creating Financial Abundance

Finding personal fulfillment and creating abundance are abstract concepts. But both have very practical application. Consider taking these steps in order to feel more at peace with your pocketbook.

  1. Choose to shift your mindset. With your new money affirmations, you’re well on your way to thinking differently about your money — how you use it, save it, and invest it. Before realizing your financial goals, you need to believe in the viability of attaining them. 
  2. Utilize helpful resources and tools. Free financial tools can help you see the big picture in order to feel more confident and in control of the details. With free technology like Personal Capital, you can see all of your accounts and then budget for short-term and long-range goals, analyze your investments, and plan for the retirement you want.
  3. Develop positive, consistent financial habits. Everybody’s financial goals are different. Consider a budget that puts you on the right track. One option is the 50-30-20 Budget, which divides your income into three buckets: needs, wants, and savings. Having a plan for your money can help you develop good spending habits and ultimately enable you to achieve your financial goals.
  4. Lean on people to hold you accountable and support you. Traditionally, money is taboo. But talking about it with your significant other, your kids and other loved ones can help foster a positive money mindset within your intimate circles. You may also consider talking with a fiduciary financial advisor who can offer personalized insights and guidance.

Developing a health relationship with your money is a lifelong process. While you continue to affirm your money-positive beliefs, you can better understand your own finances with online tools. Millions of people use Personal Capital’s free technology to gain control of their money and plan for the financial future they desire. Ready to join them? Put your money-positive mindset into practice.

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Featured individuals are paid spokespeople and not clients of PCAC and do not make any endorsements or recommendations about securities offerings or investment strategy.

The content contained in this blog post is intended for general informational purposes only and is not meant to constitute legal, tax, accounting or investment advice. You should consult a qualified legal or tax professional regarding your specific situation. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

Any reference to the advisory services refers to Personal Capital Advisors Corporation, a subsidiary of Personal Capital. Personal Capital Advisors Corporation is an investment adviser registered with the Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training nor does it imply endorsement by the SEC.

Alicia Castro is the Managing Editor of Daily Capital.
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