Your Money-Mindset
Why don’t we change?
As a man thinks in his heart, so is he Prov 23:7
We don’t change because what we learn goes into our ears – maybe even our head
But it never reaches our heart
That’s one reason worship is so important to the Believer’s mindset
It prepares the ground of your heart for the seed of the Word
We have become accustomed to substitutes for real change
Pills don’t require changing our behavior
Credit cards don’t require changing our spending
Why doesn’t our financial situation excel?
Because of what we think in our heart about money
Money-Talk stirs Emotions: at church it can stir Distrust
I can preach a sermon on money
Then when it’s time for offering you think
He preached that to get me to give
You can walk into a casino
Have dinner at the buffet
See the lights, hear the bells ringing
And think, maybe I’ll win something
Who do you trust more?
Then, why do you respond more willing to the other guy?
Most of us lack Clarity in your thinking about money
What we are learning about money and our emotions are in conflict
The reason we are where we are financially IS NOT because of how much money we make
– it’s our attitudes & mindsets
Look at the Parable of the Talents:
Matthew 25:24–25 (NIV)
Then the man who had received one bag of gold came. ‘Master,’ he said… I was afraid and went out and hid your gold in the ground.
The difference was not absence of money
The difference was FEAR – “I was afraid”
Was he Afraid because he didn’t have money?
No, he didn’t have money because he was afraid
Money management is connected to our mindset & emotions
More than it’s connected to how much money we have
(Fear, shame, embarrassment, worry, greed, anxiety, jealousy, anger, envy)
If I give 5 different people the same $1, they may not see the same $1
1. buys a lottery ticket – the only way they know to more money
2. puts it toward a bill
3. puts theirs in a savings account
4. buys bitcoin
5. uses theirs to buy land – something that will outlive them
While each person receives the same dollar
– they spent it differently
Because they do not just spend money from their wallet
They spent the money from their mindset
Which Mindset is your Money Management connected to?
1. Is your money mindset connected to Survival and immediate needs
Food
Rent & Utilities
Transportation
Children’s Needs
Medicine
Emergencies
2. Is your money mindset connected to Stability and bills
Work hard
Pay your bills
Don’t get behind
Try not to owe anyone
Take care of your family
Don’t make foolish decisions
3. Is your money mindset connected to Security and protecting what you’ve built?
Home ownership
Retirement
Savings
Vacation
Insurance
Professional Identity
4. Is your money mindset connected to Strategy, opportunity, and options?
Investments
Real Estate
Tax Strategy
Business opportunities
Retirement accounts
Multiple streams of income
5. Is your money mindset connected to Multiplication, preservation, influence, and legacy?
Ownership
Equity & Trusts
Influence
Legacy
Estate planning
Philanthropy
Business expansion
Generational transfer
Political or social access
Which fears and emotions are connected to your money decisions?
Group One
Fear of lack.
Stress.
Shame.
Embarrassment.
Pressure.
Urgency.
Exhaustion.
Group Two
Fear of falling behind.
Fear of being dependent.
Fear of disappointing family.
Fear of losing a job.
Fear of debt.
Group Three
Fear of going backward.
Fear of not measuring up.
Fear of not being “on track.”
Fear of losing image.
Fear of children not having better opportunities.
Group Four
Fear of losing lifestyle.
Fear of market downturns.
Fear of not maximizing opportunity.
Fear of not leaving enough for children.
Fear of being outperformed.
Fear of losing access.
Group Five
Fear of loss of control.
Fear of taxes.
Fear of losing influence.
Fear of family conflict.
Fear of lawsuits.
Fear of heirs mismanaging wealth.
This is what each group represents & their dominant thinking:
Poor - (Survival Mindset)
“I just need to make it until the next check.”
Working Class – “Work hard for the money”
“I have to keep everything together, because one missed check, one repair, or one unexpected bill could cause everything to fall apart.”
Middle Class
“How do I improve my life and protect what I have built?”
Money is tied to security and protecting
Desire to improve life while protecting what has already been built
Upper-Middle Class
“How do I make money work more efficiently for me?”
Money decisions often shift from survival to strategy
Money is not only used to buy things. It is used to create options
Wealthy
“How do I preserve, multiply, protect, and transfer wealth?”
Wealthy people often think differently because money has moved beyond monthly bills.
This teaching is not about moving you from one economic class to another
Renewal is about transforming your mind to elevate your thinking about money
1. Help you identify your current money mindset
2. Understand where that mindset may be taking you, or preventing you from going
3. Give you a map for growth
4. Most importantly, help you evaluate whether your financial decisions are shaped by fear-based thinking or scripture-based thinking
Now that I have identified my mindset, this is the question:
Does a person need to have more money to change their mindset,
or does a person need to change their mindset to get more money?
You can get more money and still think in fear, scarcity, impulse, shame, or pride.
That is why some people receive raises, settlements, inheritances, or bonuses and still end up in the same financial condition later.
Their income changed, but their mindset did not.
Do not wait until you have more money to think differently
Start thinking differently so you can better manage the money you have
— and be prepared for the increase when it comes
Matthew 25:21
You have been faithful over a little; I will set you over much.