I’m coming at you today with a money mindset shift encouragement this week. There’s something I read that hit so hard and I think you’ll love it too!
I finished reading The Psychology of Money.
In the book, Morgan Housel shares one of the most surprising (and freeing) truths about wealth: It has way less to do with how much you make and way more to do with how you treat your money.
People who win the lottery often go broke, not because they’re careless, but because they receive a sudden windfall without the habits or systems to manage it. Their spending quickly rises to match their income (or exceeds it), and they don’t have a long-term plan. It’s easy to fall into the trap of consumption when you think the money will never run out.
And money magnifies behavior. If someone was impulsive or financially avoidant before, more money doesn’t fix that! It just gives them more room to make bigger mistakes.
As Housel puts it:
“Doing well with money has little to do with how smart you are and a lot to do with how you behave.”
On the flip side, Housel tells the story of Ronald Read. He was a janitor and gas station attendant who lived below his means, spent less than he earned, and quietly invested for decades. When he passed away, he had over $8 million saved. Not because of a lucky break, but because of slow, intentional decisions that compounded over time.
My encouragement for you this week is this:
You don’t have to be perfect or make more or do anything fancy.
You just need to start treating your money like it’s worth keeping.
💭 A few ways to do that:
Set up a small weekly transfer to a savings account (even $25 counts)
Open a separate account for taxes, profit, or a “month-off Fund”
Switch one favorite monthly tool to annual billing to save money
Track your cash flow for the next 30 days
Pick one day a week for a “money check-in” like a little CEO date with your numbers!
These aren’t big moves. They’re small, steady acts of stewardship. And from the example of Ronald, they will add up!
They won’t just grow your bank account, but will also calm your brain (I know I can use a little more of that for sure)
If you’re interested in reading the book, I’ve linked it here for ya!
Cheering you on, always
xo,
Lika Shim
Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.