3 practical tips for changing the way you think about money

It is no secret that the rich think about money in a very

The difference between the rich and the poor isn't just the money they have. A rich man's thoughts and perspective about money is equally rich, richer than poor man's money perspective.

That is why they have seemingly little problems acquiring it and aren’t afraid to spend it.

Robert M. Gouge says the rich's mindset of wealth is a by-product of the amount of money they have. That explains why you should changing the way you think about money if you are struggling to make it. Hear me out.

1. Think of money as a tool not as a result

According to Robert M. Gouge, many people view money as a result. That is, something they gain from going to work or lose when they spend on bills and other expenses.

Rather than viewing it as a result, money should be seen as a tool people have to acquire in exchange for their time and energy.

The rich thinks and sees money as a tool they acquire to make more money. They use it for investment and consequently grow their wealth.

2. Focus on prosperity not debt

A lot of people tend to focus more on spending their money to pay bills and paying off their debt.

While it is a good idea to pay your bills on time and pay off your debt, you shouldn't let it distract you from making money and creating wealth to meet your financial goals. Over-concentration on your debt will help you make decisions that will aid your financial freedom.

ALSO READ:3 reasons you feel guilty when you spend your own money

3. Don’t put money on an emotional pedestal

Some people's mood is determined by money. They are never happy when they don't have much money in their bank account.

They allow money to dictate their happiness, appearance and state of mind.

No matter the level of your financial stand, don't let money determine your emotional state or your self-worth.

Advising people not to get emotional about money is honestly easier said than done, yet it is a solid advice that has to be taken to encourage people to keep a positive mindset when they are broke.