Push Beyond Your Money Comfort Zone
Whether we know it or not, we all have a comfort zone when it comes to personal finances. We’re used to a certain amount of income and a certain balance in our savings account or 401k. If you have a sudden positive change in your money, it can be a shock because it pushes you outside of your money comfort zone.
If you’re not mentally prepared to handle it, you run the risk of self-sabotaging to return yourself to your comfort zone. This happens frequently to the recipients of sudden money such as lottery winners, professional athletes, and those who receive large inheritances. Psychologists have shown that people adjust better to increases in income and wealth when they come incrementally instead of all at once.
The great thing is that we can purposely and proactively push our money comfort zones. There are several easy ways to do this:
- Have a Vision Board with pictures of the material things you want but cannot yet afford. By looking at pictures of the things you want in your life on a regular basis, they become familiar sights.
- Put yourself in close proximity to people who are at the level of financial health and wealth you aspire to.
- Put yourself in close proximity to the materials things you aspire to own. Go on a tour of million dollar homes or rent a luxury or sports car for a week.
By purposely putting ourselves outside of comfort zones, we’re mentally preparing ourselves to thrive when we reach a higher income or net worth.