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Money Mindset & Beliefs: What the Elon Musk Pay Story Reveals About Us

The recent headline that Elon Musk could receive a pay deal worth over $1 trillion sparked plenty of reactions — from disbelief to anger to admiration.

Money Mindset & Beliefs: What the Elon Musk Pay Story Reveals About Us - what a trillion dollars looks like

But beyond the headline itself, there’s something more interesting to notice: how it made you feel.

Because the way we react to other people’s money often tells us a lot about our own relationship with it.

For some, the idea of one person earning that much feels unfair — a reminder of inequality or corporate excess. For others, it’s proof of what’s possible when vision and ambition align. Neither reaction is right or wrong. What matters is noticing the emotion that surfaces and what it might be showing you.

Money isn’t just about numbers. It’s layered with emotion, memory, and meaning.
Each of us carries a story — often one we didn’t consciously choose.

Maybe you grew up hearing that “money doesn’t buy happiness” or “people like us don’t get rich.” Maybe you saw financial struggle and learned that safety means saving every penny. Or perhaps money was talked about in whispers — something private, maybe even shameful.

Those early scripts still influence how we earn, save, and spend today.
They shape whether we feel comfortable investing, whether we allow ourselves to rest, and whether we believe we deserve to have enough.

I worked recently with a client who earned well but felt constantly anxious about money. Every bill triggered tension. When we explored it, she realised she’d inherited a belief that financial security could disappear overnight. Her nervous system was living in the past, even though her circumstances had long since changed.

Awareness was the turning point. Once she saw that story for what it was — just an old belief trying to keep her safe — she could start to rewrite it.

That’s the quiet power of money mindset work.
You can’t out-budget a belief.
But you can notice it, question it, and choose something different.

So, as you read this week’s news and scroll through the reactions, pause for a moment. Ask yourself:

  • What did I feel when I saw that headline?
  • What might that feeling be trying to tell me?
  • And are my beliefs about money, success, or “enough” still serving the person I’m becoming?

Because real financial wellbeing doesn’t start with spreadsheets or systems — it starts with awareness.
Clarity before confidence. Awareness before action.

And perhaps the richest thing we can do this week is not judge that headline, but use it as a mirror to see our own money story more clearly.

4 Money Habits of Successful People


You simply cannot achieve financial freedom without the right habits and strategies. A great way of developing the right habits is to study those who have achieved lasting wealth. By doing so, you can learn plenty of techniques that make a real difference. From mindful planning and investment tips to the simplest of routines, certain practices are straightforward for anyone willing to bother. The vast majority of people around the world will not take time out to learn the habits of successful individuals. If you do, you could find yourself in the top bracket of society in no time. 

Photo by Towfiqu barbhuiya on Unsplash


Automate Your Savings 

There are so many different areas of the financial world that can be made simpler with the right tools. Automating finances will ensure that you consistently save a portion of your income. It’s wise to set up automatic transfers to savings or investment accounts so that you have a solid system and do not rely on willpower. It’s very tempting to spend money unnecessarily, so this habit will reduce that temptation. As time moves on, these small amounts will accumulate into something significant. Automation allows discipline to become an effortless part of your life. 

Track Your Expenses Properly 

It may sound a little boring, but keeping detailed records of spending allows anyone to identify budget leaks. Overall, it leads to much smarter choices. If you review expenses regularly, you can redirect money toward meaningful opportunities rather than unnecessary spending. Exhibiting awareness of financial habits leads to prioritizing spending on what actually matters in life. You become a more accountable individual when you track expenses. Money management stops being a chore and turns into something of a strategy for wealth accumulation.

Protect Yourself And Those Around You 

Successful people with ambition know that keeping their assets safe is just as important as building them in the first place. It’s nice to look forward and think about all of the amazing things in the future, but you have to look over your shoulder once in a while. This involves adequate life insurance, which will provide financial protection for your loved ones. By incorporating insurance into a broader financial plan, you will mitigate risks and give everyone peace of mind. This habit can only exist if you have plenty of foresight and responsibility within you. You will create a stable foundation for wealth if you combine this with disciplined saving and investing.

You might be wondering how does life insurance work – actually it’s relatively simple, but having a good sense of it is going to be very useful indeed.

Diversify Your Income 

People who make lots of money will not rely on a single source of income. They seek side businesses and investments that will increase their total revenue. With multiple streams coming in, they will possess more security and accelerate their wealth. Diversification is also great for boosting creativity and resilience. This is because it reduces dependence on one particular area of life that may fluctuate aggressively. If you cultivate these habits healthily, your financial life will turn into a dynamic system that is capable of growth even when certain areas go a little south.

4 Smart Things Rich People Do That You Should Too

Are you interested in building up your finances and ensuring that you are in a stronger position? If so, then it does make sense to explore what rich people are doing with their money. Don’t forget, they’re rich for a reason and if you can learn their secrets, you will be able to emulate their level of success.

4 Smart Things Rich People Do That You Should Too - happy piggy bank and coins image
Pexels

Diversify

First, you should make sure that you are diversifying your income as much as possible. Experts agree that everyone regardless of their total income should have a few different avenues of profit that are part of their financial set up. In other words, you do need to make sure that you have a side hustle. This doesn’t have to provide you with a massive level of extra cash, but it should give you enough money that you can fall back on it if you ever need to. 

Speak To A Financial Advisor

Next, you should make sure that you are speaking to a financial advisor. The right financial advisor will look at your current portfolio and help you assess where you should be spending your money. They will work with you to guarantee that you make smart financial investments from day one, regardless of what your goals are. They’ll work with you to build up your goals too and make sure that you aren’t in a position where you don’t know where you stand financially. Experts like Glen Clemans of CGC Financial are always willing to help those who want to get their financial portfolio in order. 

Hire An Accountant


Rich people always have an accountant on their side. They come in handy for a variety of reasons. An accountant will be able to make sure that you are budgeting the right way and not leaving anything out of your calculations. They might even be able to find a little more money in your budget so that you have extra cash to spend on the things that you want. An accountant will also be useful when you need to pay tax. They’ll help you find legal ways to pay less tax so that you can keep your costs under control.

4 Smart Things Rich People Do That You Should Too - calculator image

Invest In Property

Finally, once you have built up enough money in savings, you should be considering what investment options are available to you. One of the best is always going to be property. If you look at the rich and famous, you’ll notice that they always have multiple houses and the reason for this is simple. It’s one of the safest investment options that you should definitely be exploring. You might think that you need a fortune to invest in property, but that’s not the case. Instead, you just need to find a smaller home, buy it and build up your portfolio from there. 

We hope this helps you understand some of the key steps that rich people do take with their finances. If you follow in their footsteps, you are always going to be in a far stronger position with your money. 

Shift Your Mindset for the New Year to Reach Your Goals

The amount of financial advice that exists today can be overwhelming, and there tons of different strategies and tactics you can use to build a stronger foundation for your finances. If you’re struggling with your finances, you might think that all you need is more money to fix your problems. But what if what you actually need is a simple mindset shift? If you harbor a perpetual negative outlook on your potential for financial success, you might be experiencing the effects of a fixed mindset according to psychologist Carol Dweck. 

Those with a fixed mindset believe their capabilities are set in stone, and that the possibility for improvement is out of reach. With a fixed mindset, challenges appear insurmountable because you believe you’re incapable of developing the skills required to overcome new obstacles. This mindset keeps you stuck and limits your ability to reach your monetary potential. 

The alternative is adopting a growth mindset: believing that your talents and abilities aren’t limited by what you inherently possess, and that you’re just as capable of reaching financial success as anyone else. Choosing to view your financial roadblocks as opportunities to grow is a much more encouraging foundation to stand on, and increases the probability that you’ll find a way to overcome them. People with a growth mindset believe that just because they’re facing a difficult or unfamiliar situation doesn’t mean they can’t acquire the skills needed to overcome them. 
If you’ve been feeling stuck in the path towards financial freedom and success, take a look at this visual that expands on each tenant of a growth mindset and offers examples of how to start practicing it in your own life. Your financial dreams aren’t out of reach—sometimes you just need to change the way you think in order to realize your full potential.

how-to-develop-a-growth-mindset

10 Limiting Beliefs About Money

Our beliefs are the cornerstone of our experience. What we believe decides our actions which in turn lead to our results. But where do these beliefs come from and are they true?

Many of our limiting beliefs about money come from childhood before the age of 7. At that time we are hyper vigilant to the world around us and the influences from parents, caregivers and what we see or hear on TV.

Photo by August de Richelieu from Pexels

Picture the scene, you are staying up late with your parents watching a film or soap on TV. The rich guy is nearly always the villain, selfish, greedy and probably has criminal tendencies. The wealthy family is dysfunctional with rebellious kids and partners cheating on each other. The portrayal of wealthy people is nearly always negative, so too is the likely reaction of those watching. Particularly if young and vulnerable to external influences.

Subconsciously we accept these images and scenes as ‘normal’ and overtime, with repetition, they form our beliefs, for example that rich people are greedy or bad in some way. A consequence of which is that in our young minds we make a decision that this is not the path for us.

“We learn our belief systems as very little children, and then we move through life creating experiences to match our beliefs. Look back in your own life and notice how often you have gone through the same experience.”

–Louise L. Hay

At some point as adults we can learn to challenge these limiting beliefs about money and realise that what we took in as a child is either not true or questionable to say the least.

When we believe something to be true we look for evidence to support it. we need to be ‘right’ to feel good. So if we have a limiting belief that money only comes through hard work we will scan our experience to support that view. For example for a teenager maybe a summer job picking fruit was ‘hard work’ and resulted in getting more money than they were used to. Or working evenings in a restaurant, or Saturday on their feet all day as a shop assistant.

Each validation of the belief acts to strengthen it. Just as placing legs under a table top makes it more stable and likely to endure. 3 legs or more are ‘wobbly’ but bring 4, 6, 8 or more and that table is rock solid.

The trick to explosing that belief is to remove the legs from under the table. Chalneging these beliefs can take some time but can be achieved with a little patience and desire.

So for example if we believe that ‘money is the root of all evil’ here is a questioning technique to work through.

Step 1: Write the limiting belief down. Play detective and follow your thoughts and emotions to discover the limiting beliefs that hold you back. Put them on paper and stare them in the face! You might note how strong each belief is and what emotions they elicit in you.

Step 2: Acknowledge that these are beliefs, not truths! This is often the hardest step. “But, but, my limitations are real!” Here’s the place where choice comes in. Which are you more interested in: defending your limitations to the death or achieving your goals and desires? As author Evelyn Waugh wrote, “When we argue for our limitations, we get to keep them.” You can choose.

Step 3: Try on a different belief. Use your imagination and try on a belief that is aligned with what you want. It might be something like, “My financial difficulties in the past have taught me so much that I’m fully prepared to handle them now!” Or, “The more money I have, the more good I can achieve in the world”

The trick is to go beyond just saying it. You want to really step into this new belief and feel how it feels. Done thoroughly, Steps 2 and 3 will go a long way to dismantling your old limiting beliefs about money or anything else.

Step 4: Take different action. This might feel a little scary, but it’s time to act as if your new belief is true. In other words, if you really are capable and have learned a tremendous amount from past financial difficulties, what steps would you take?  What would you do differently now?

The infographic below comes courtesy of T Harv Eker and may help you look at your limiting beliefs about money in a different way.

Changing limiting beliefs about money. Infographic from T Harv Eker