Money Mindset QuestionsA few years ago, I decided I was going to learn how to get wealthy.

Up to that point, I had learned approximately .00000001 things about money (and that one thing is not to use a credit card!).

So, that’s what I did.

I went all in on reading personal finance books and listening to money podcasts.

I became obsessed. Then, I quit my job as a lawyer and became a financial planner. That was great.

Then, I realized I was on the wrong side of the table for creating wealth.

I needed to run my own business as an entrepreneur to really make a lot of money.

I have since turned my six figure student loan debt into a six figure business. 

I share this solely for the purpose of showing you that you can create whatever results you want in your future with respect to money.

You don’t have to repeat more of the past.

In this post, I’ll show you the most important money questions that you should ask yourself to start changing your money results in the future (because your results are always based on your thinking, so you have to change your money mindset first).

What Matters Most About Getting Rich

I learned what matters most about getting rich in the very beginning of my journey, years ago. But it wasn’t until this year that it finally sunk in, and I feel totally in flow with earning, having, spending, and investing my money.

What matters most is your money mindset. Tactics matter after you have an abundant money mindset. They don’t matter if you don’t have the right mindset because you’ll sabotage any chance you have at using the right tactics if you have the wrong mindset.

What you believe about money determines all the results you have in your life about money. A belief is just a thought in your head you keep on thinking so much you believe it’s true.

(Sit on that sentence for a minute and it might just change your life. It did for me when I first heard it.)

Think about how much money you have (or don’t have), how much money you earn, the debt you’re in, the standard of living you think is “normal.” This is all because of the certain beliefs you have about money.

Most people have such deep rooted beliefs that they think are normal based on the class they’re in.

We tend to think everyone outside our socioeconomic status is a unicorn — like the guy you know who is super freaking wealthy and you have know idea how, so he must be an outlier.

The truth is he’s just an outlier because you think he is.

Really, you can create any amount of wealth you want for yourself. You’ll need the tactics of how to do it, but before you can get to the tactics you have to have the mindset for it.

Below is a list of questions that will help you transform how you think about money. 

Awareness is the first step. Then, you’ll be able to question your beliefs and change them to create a better future.  I suggest writing down the answer to each question, or using an online tool / note / app like Evernote.

Current Money Beliefs

For example, if you believe that time creates money, you will always think you have to trade your time for money. On the other hand, if you believe that value creates money, you’ll focus on providing so much value to the world without thinking about time. This small different is everything for creating wealth.

Answer the questions below to identify and change what your current money beliefs are. 

  1. What do you believe about earning money? Do you think time creates money or value?
  2. What do you believe about saving and having money?
  3. What do you believe about debt? How do you feel about paying your debts?
  4. What do you believe about spending money? How do you feel when you spend money?
  5. What do you believe about rich people? Poor people?
  6. Are you open to receiving money?

Money Past

The questions about what you believe about money from your past focus on where your beliefs stem from. It doesn’t really matter. The point is that you become aware of your thinking, instead of assuming that your thinking is automatically true.

Your past only exists in your head. The past is over. Your thoughts about the past are all that exist. Making this distinction is everything because it allows you to change the story you’re telling about your past if you want to.

You can tell whatever story you want about your past, including what you make it mean about money.

The questions below will help you identify your money blueprint, from your past.

  1. What are you making your financial past mean? What story are you telling?
  2. What were you taught about money growing up (saving, investing, debt, earning, etc.)?

Money Future

What you believe about your ability to earn, save, invest, and get out of debt in the future will determine all the actions you take and will therefore determine the results you have.

The person making $10 million per year believes he’s going to do that. It’s all he can see. He knows how to do that. The person making $50k per year believes that maybe $100k per year is the goal, but is really just limited by her own beliefs.

You can believe anything you want about money. When I learned this I felt total freedom.

The questions below get at how you think about money for your future. 

  1. What do you believe about money for your future (saving, investing, debt, earning, etc.)?
  2. What do you wish you believed?

Money Philosophy

Most people don’t have an intentionally set money philosophy.

Instead, they’re just spinning their minds thinking about bills they have to pay and how to make more money. The question below helps you think intentionally about what you want to think about money for your life. This way, you can proactively create the financial life you want for yourself.

Remember, what you think and believe about money is what will cause you to take certain actions and get certain results in your life. So, if you want to change the results you have in your life, you need to change your money beliefs. That starts with intentionally creating a money philosophy to do it.

Answer the question below to create you own money philosophy. 

  1. What is your money philosophy?


I heard this exercise from Brooke Castillo, and if you actually write down the answers, in detail, it will reveal a lot about your money beliefs.

  • Bonus question: How would you spend $1,000,000 dollars if you received it right now? Would you tell people? Why or why not? What would you make this money mean? What would other people make it mean?

A Final Note!

Despite what you believe about money right now, you can change your money beliefs to be entirely different.

Why not make 10 times what you’re currently making? Why not have that be your belief?

When you question your belief systems and intentionally decide what you want them to be, you design your life from your future instead of recreating more of the past.

This is where you can truly design your dream financial life and start the journey of being wealthy – whatever that means to you!