Fostering financial abundance can sound like a romanticized notion, and some might view it as an impractical suggestion to cope with our ongoing demands. However, developing abundance as a spiritual concept within ourselves can help liberate us from being overly consumed with material possessions. But what does abundance mean? How can a spiritual concept impact our finances? Let’s have a look, shall we?

Abundance means letting go of any mundane baggage we impose on ourselves, and truly embracing the belief that everything we want in this life can find its way to us. You see, this spiritual pursuit can actively loosen the grip financial burdens have on us, by helping us to focus on the deeper aspects of life and nurturing happiness within our hearts for what we do have through gratitude. In other words, abundance can be achieved through finding happiness and pleasure in the simplest of things, like a plain piece of bread, as equally as a gourmet dinner at a world-renowned restaurant. So, why is establishing a financial abundance mindset so important?

As we become less occupied by our consumption, the amount of money we earn, or how much we can lose, our openness can help us grow both personally and professionally in terms of making important life decisions. It can also help inspire us to open ourselves to new possibilities that we might otherwise overlook from worry about our financial status. 

Still skeptical? What if we told you that we’ve got four tips that might just entice you to consider it? Keep reading to find out more!

The key to financial abundance is ridding ourselves of the negative thoughts that can make us feel like we’re not worthy of owning something, that we can’t afford something, or that there is a certain social class that lives easy. Money can get us what we desire, but it can’t promise us the happiness we think would accompany said desire. Try channeling your energy into asking, “What would I do if I had this sum that I believe may solve everything?” What would be the first thing you would do?

Applying the following 4 tips can come in handy.

#1 Embrace Your Desires 

Financial abundance doesn’t mean embracing poverty. It’s more of a way to live a simple life, free of the fiscal restraints of “must” meeting certain standards. With that in mind, try not to demonize your aspirations and dreams. It’s perfectly normal to want something lavish every now and then. We’re here to tell you that not only is it okay, but more importantly, to do it with zero guilt — you deserve to pamper yourself.

#2 Spend Money the Way You Would Spend Love

The abundance mindset introduces the concept of the more you give, the more likely you are to receive, and some would argue that we’d receive even more than what we’ve put in. Being “proactively generous” means being willing to offer time, experience, money, and even advice, without the  fear of failure causing unnecessary stress.

#3 Understanding Our Choices

When it comes to spending, we’re all different people — there are arguably seven types of financial personalities! Is there a specific type that’s perfect for financial abundance? No! However, it may be worth our while to discover which one represents us, in order to celebrate our strengths and identify any areas we would like to work on. 

#4 Developing Financial Literacy

Enhancing our understanding of our finances can help us overcome anxiety surrounding our spending habits and savings, as well as boosting our financial literacy. Good financial literacy can help us to understand basic financial concepts such as, how inflation can affect us, what are the financial risks and/or challenges that may arise based on where we are in the world, and how we can develop a retirement plan that works for us. 

Financial abundance doesn’t promise more money, it just promises a profound appreciation of what we have, encouraging us to open ourselves to new opportunities without limiting ourselves and letting go of financial-related concerns. It’s just as simple as that good old saying “money comes, money goes.”