How to Get Rid of Your Poverty Mindset

Do you want to become wealthy? The key to wealth is to master the wealth mindset.  The difference between the rich and poor has nothing to do with the amount of money that they have in the bank; rather, it is all about their mindset. Your mindset is your set of beliefs and attitudes about certain areas in your life. If money is your concern, then chances are you have symptoms of a poverty mindset.

Your first step towards financial prosperity is to break out from your poverty mindset. Having a poverty mindset is ruining your chances of success. It is not yet too late to change your life for the better. Once you have the correct mindset, you can slowly rise from whatever position you are in right now in your life.

Here are ways on how to overcome your poverty mindset:

1. Have a Grateful Heart

Did you know that about 150,000 people die each day around the world? The fact that you woke up this morning is already one big reason to be grateful for. I’m sure if you take a closer look in your life, you will find so many things to be thankful for.

Unfortunately, most people take their blessings for granted. Everyday life is full or worries, challenges and busyness. In the midst of all that pressure, it is very easy to forget to be grateful.

I remember a story told by preacher and best-selling author Bo Sanchez in one his weekly prayer gathering called The Feast.

A woman approached him complaining how everything is wrong with her life. Here is how Bo Sanchez replied.

Bo asked, “Do you have cancer?”. The woman replied saying “no, I don’t have cancer”.  

Bo then asked, “Is your husband having an affair?”. The woman laughed saying “no, my husband is ugly.  The only two persons in this world who likes him is her mother and me.”

Bo then asked, “Is your child a drug addict?”. By this time the woman was laughing, “no, Bo. My child is only three years old.”

The woman then proceeded to explain that she is having problems with her boss at work.

Then Bo answered by saying that “It is not true then that everything is wrong with your life. Only a small fraction of your life is not doing well.”

This story is a classic example of how a poverty mindset works. People who have poverty mindset focuses on the negative aspect of their life.  In order to be happy and to grow, you need to focus on the positive. Be grateful to all the blessings in your life. Always start your day by thanking God for all His blessings. Be thankful also to the people around you have always been there for you.

2. Spend Time with People who have a Growth or Millionaire Mindset

Did you know that you are the average of the five people you spend the most time with? Your mindset is a product of your environment. If you have a poverty mindset, chances are the people around you have the same mindset. In order to grow, you need to get out of your circle. It does not mean ditching your old friends, it only means that you should spend more time with awesome positive people. If you spend too much time with negative people doing meaningless things, you will never get anywhere.

3. Set Goals

When was the last time you set a goal for yourself? Setting goals will make you look at things in the long term rather than the short term. A millionaire mindset looks at things in the long term while a poverty mindset looks at things in the short term.

What you should do is to imagine yourself in the future living the life that you want. Discover where you want to be in one, five, ten or even twenty years from now. Remember that success always starts with a vision. Then, write them all down in paper. Read them everyday in the morning to remind yourself of what you want to achieve or better yet, have a vision board. A vision board will inspire you and keep you motivated to achieve your dreams.

4.  Refrain from Speaking the Poverty Language

How many times have you said the following statements?

  • “I cannot afford it.”
  • “That is only for the rich, not for us.”
  • “We don’t have money.”
  • “I can’t do that.”


Be conscious of the words that come out of your mouth because your words are simply a manifestation of your thoughts or your subconscious mind. Speaking the poverty language indicates that you have a negative state of mind regarding your situation. If you want to get out of your situation, you need to get rid of the negative, only then can you change your future.

5.  Educate Yourself

For most people, education ends the moment they graduate from college. If you are one of these people, this is probably one the biggest mistake that you can do in your life. Continuous learning is an essential strategy for your success. Education does not not necessarily mean that you need to go back to school to get your Masters or PHD. There are many ways to learn. You can attend training or seminars, read books or simply have a mentor.

For starters, do you have idols? Who among the successful people out there do you wish to become? Then, study those people. Study their lives, their values, their life strategies. Find out what they did in order to get to where they are now. Their stories will definitely inspire you.

By educating yourself, you are improving your skills. You need better skills to be more qualified and successful in whatever field you are in right now. For example, if financial freedom is your goal, have you studied about money and how it works? If not, how do you expect to gain financial freedom if you don’t spend time learning about money?

Follow the steps above and you will just wake up one day with a different mindset. However, this is not a one day to do list, it is something that you have to do on a daily basis.

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