Episode 586: How to Overcome a Toxic Money Mindset – Daniel Moyer

how to overcome a toxic money mindset

Maybe the most limiting factor in our ability to attain the financial success we’d like is our mindset. Listen in as photographer and coach –  Daniel Moyer – shares how we can shift our mindset about money in order to reach our goals.

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Show Notes:

Daniel’s Introduction (1:32)

How Daniel defines a toxic money mindset (3:00)

What is at the root of a toxic money mindset? (6:00)
1. short-sighted from childhood experiences
2. scarcity mindset

Three mindsets to overcome in order to have a healthy approach to money (11:30)
1. Money worship
2. Money status
3. Money avoidance

What steps can be taken to move to a more positive money mindset? (18:30)
1. Educate yourself about finances and budgeting
2. Be confident in your money decisions by knowing your numbers
3. Align spending with your values

Story from The Psychology of Money (46:08)


Total Money Makeover by Dave Ramsey:

The Single Path to Wealth by J.L. Collins:

The Psychology of Money by Morgan Housel:

Profit First by Mike Michalowicz