Money Mindset: Why reconnecting with your goals is crucial right now

Today I want to dive into one of the most important components of your wealth-building journey. In fact, I believe it plays more of a role than the coins you hold. I’m talking, of course, about your mindset.

Now, as crypto investors, it’s easy to say we’re all here for the gains. But what’s your specific plan for all that money? Do you have a purpose for it, and what is the dollar figure that will get you there?

In my experience, having a target amount and a clear intention for your money is powerful. It gives you a solid ‘why’, which will anchor you when the excitement and euphoria of the bull market begin to take hold. Even if it doesn’t play out exactly as planned, having a roadmap is always better than flying blind!

In the seven years I’ve been a crypto educator, I’ve heard countless ‘why’s’, and they generally fall into a few key categories:

• Freedom over time: Pursuing your passions, having new experiences and spending quality time with family and friends.
• Freedom over finances: Paying off your mortgage, helping loved ones with their finances, and never worrying about money again.
• Freedom of choice: Having decentralised options for investing and managing your money, without being tied to outdated and controlling banking systems.
• Feeling empowered: Stepping out of your comfort zone, educating yourself and forging a brand new path in life.
• Having a plan B: When the rules can change at any given moment, having a financial safety net is crucial. Complete freedom means never relying on anyone or any institution again.

But here’s where it gets interesting…

When you unlock a new level of success and financial freedom with crypto, you stop placing restrictions on yourself. And the limiting beliefs that we’re all encouraged to adopt? They begin to dissipate. This often leads to new priorities emerging that you would never have considered before.

Here’s an exercise you might like to try:

1. Define your figure: Think of a dollar amount that will allow you to achieve your goals for your finances, and consider why this amount is significant. Is it to pay off a mortgage? Buy a dream home? Become a philanthropist? Determine how much you’ll need to achieve this.
2. Visualise your goal: Write this figure down and take a few moments to immerse yourself in the reality of achieving it. Picture your life, where you’re living, and who’s around you. Make it as vivid as possible.
3. Keep it visible: Place your written goal somewhere you can easily access. When you start doubting that it can happen, or find yourself caught up in fear-based narratives, look at your goal and reconnect with your ‘why.’

As I’ve said before, crypto doesn’t discriminate. It gives us all the opportunity to relaunch our finances and start creating the life of our dreams.