Mindset is an important indicator of your likelihood of success in an endeavor. It can make all the difference between success and failure. There are only two basic mindsets: a growth mindset and a fixed mindset.

A growth mindset is the preferred mindset for most purposes. You’ve probably heard about it and its characteristics many times. But what about its counterpart, the fixed mindset? Do you understand what it is and the ways it's different from a growth mindset?

One of the primary characteristics of a fixed mindset is the belief that intelligence and moral character are static. These things are fixed by genetics and can’t change or be developed with effort. A person is either smart or not; someone has a good moral character or not.

People with a fixed mindset tend to avoid challenges and give up on things easily if they don’t come naturally. After all, if you can’t learn to be better, why bother? Another characteristic of a fixed...

Are you worried you have a fixed mindset? Would you rather have a growth mindset? Don’t worry -mindsets aren’t static! You’re not limited to whatever your mindset currently is. If you don’t have a growth mindset already, you can cultivate one. The process is simple, but it requires hard work and dedication. Here are the things you need to work on to change your mindset.

Embrace Imperfection

You don’t have to be perfect or even good at something when you first begin. Do you know it’s normal to be bad at things the first time you try them? A fixed mindset says that you must be naturally good from the outset or whatever it is isn’t for you. Nothing could be farther from the truth! Most talents are obtained through dedication and practice. It takes 1,000 hours of practice to truly master a skill. If you’re not good at something to start with, don’t give up. Embrace the fact that you’re learning and continue trying.

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Limiting beliefs are false beliefs about yourself, other people, or the world that you hold in your unconscious and believe to be true. They can cause all sorts of negative consequences in your life, from keeping you from finding a romantic partner to failing in your career. But did you know that you could have financial problems because you hold limiting beliefs about money?

It’s common for people to have limiting beliefs around money, believe it or not. It’s such an important part of our society that it’s no wonder some people develop issues with it. You’re most likely to have these beliefs if you grow up in a household where money was tight or with parents who frequently argued about money, but anyone can have them.

The negative consequences of holding limiting beliefs around money include lack of financial stability, large amounts of debt, the inability to pay basic bills and buy necessities, earning beneath your potential, and of always...

Your mindset is the set of beliefs and attitudes you hold about yourself, other people, and the world. It includes your outlook on life and your philosophies about the universe. While there are many different dimensions to a person’s mindset, each one falls into one of two categories: a fixed mindset or a growth mindset.

Fixed Mindset

A person with a fixed mindset believes that someone’s intrinsic qualities are set at birth and can’t change. Someone with a fixed mindset believes that intelligence, talent, and other attributes are determined by the genetic lottery at conception and can’t be improved upon even with training and practice. They believe themselves to be good or bad at something based on inherent talents. They also believe that people’s character is inborn. People are born good, bad, or something in between and can’t change.

People who have a fixed mindset tend to ignore things they aren’t immediately...

Holding on to a poverty mentality can ruin your chances of building a successful business long term. A business that not only supports you while you’re working, but due to sound financial investments, is going to support you after you stop working and sell the business. Because smart people have an exit plan too.

• Change Your Environment – When you grow up in a certain class of society, everyone you know tends to have the same ideas. You all use the same slang, wear similar styles of clothing, eat the same foods, and style your hair alike. You may even have the same accents pronouncing or mispronouncing words based on your tradition and history. If you truly want to change how you think, immerse yourself in a new environment.
• Change Your Language – There is a specific language to poverty. “I can’t afford it,” “We don’t have the money for that,” and “That’s for other people, not us” is all about speaking the...

There is something about a business, especially a digital online business, that is truly amazing in that it will start slow and then slowly build and one day (assuming all positive steps were taken), it will gain momentum and take off and people will think you’re an overnight success.

Some people call it the snowball effect. This is a great example of the idea of momentum. Start rolling the snowball in your hands, then as it grows you start rolling it on the ground, it finally gets so heavy that it rolls down the hill alone getting bigger as it goes without your help.

Business can be a lot like that. You start out with every position being filled by you. You do the best you can, slowly building up the business until you can finally hire a bookkeeper, then you bring on a banker, an accountant, and a lawyer. You incorporate your business. You hire a business manager, you find a couple great VAs, and bring on a landing page expert. And it continues. You hire what you need, and...

Money mindset makes a huge difference in how a person reaches and handles success.

If you have a poor mindset and fill your thoughts with limiting ideas, you may experience:

• Less happiness and passion – You may only dabble in the niche you really love that lights you up because you are too busy doing things to get ready to do the thing that you’re passionate about. You know the trap. You have to figure out each step of the process and you feel like you have to do it all yourself - when you really don’t.
• Less confidence in your skills – Because you don’t expect to succeed, you lack confidence in your abilities and skills. You don’t feel as if you deserve success, so you don’t experience it.
• Inability to make logical money-based decisions – When it comes to money, due to all your fears surrounding money, and all the poor life lessons you’ve had your entire life regarding money, you find it stressful and hard to make choices and...