5 Ways a Kindergartner’s Growth Mindset Can Grow Your Money

Imagine a world where there was a recipe you could follow to get rich. What ingredients do you think would feature in it? A high-paying job? A diversified investment portfolio? Disciplined saving?

Each of those elements can undoubtedly play a role in the bid for financial success. But something else is even more fundamental. Something taught in elementary schools across the country is equally essential to wealth-building.

A few decades ago, Dr. Dweck's research on how people think of learning led her to a conclusion that's now seeped into the popular consciousness around success and school curriculum.

What Is a Growth Mindset?

With a fixed mindset, you believe your talents, skills, abilities, intelligence, and character are set in stone. As a result, if you can't do something, there's little point in trying. In essence, you're resigned to your fate.

What Is the Difference Between Growth and Fixed Mindsets?

“I can't invest; I don't know how.” “I'll never get out of this mountain of credit card debt.” “Budgeting doesn't make sense to me.” “I don't understand how to save money each month.”

The Power of Yet

Failure's a dirty word when you have a fixed mindset. However, not only is failure a natural part of life, but it's also part of the learning process.

Replace the Word Failing With Learning

It's always tempting to hide from what needs improvement. However, no good ever comes from burying our heads in the sand.

Acknowledge Your Weaknesse

Never forget that our brains can change throughout life too. A growing body of research shows they're amazingly malleable. It's a trait that allows us to recover from brain injuries, grow new brain cells, and learn new skills.

Remember Your Brain Is Like Plastic

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