As Thanksgiving approaches, I want to extend my warmest wishes to you and your loved ones. It’s a time of year when we gather to express gratitude for the abundance in our lives, and I believe that the power of gratitude extends far beyond this special season.
I want to share how gratitude can transform our finances and overall well-being. Here are three tips that highlight the connection between gratitude and financial success:
Tip #1: Focus on What You Have
It’s often said that you get more of what you focus on. Instead of dwelling on what you lack, turn your attention to what you already have. Expressing gratitude for your current financial situation, whether modest or prosperous, can shift your mindset toward abundance. This change in perspective can reduce feelings of financial stress and open up opportunities for smart financial choices.
Tip #2: Be Consistently, Consciously Grateful
Studies have shown that consciously practicing gratitude, such as maintaining a gratitude journal for just 5 minutes daily (my favorite is The Five Minute Journal), has numerous benefits, including improved health, stronger relationships, enhanced emotional well-being, and even career success. Gratitude lowers blood pressure, makes us more likable, and helps us become better leaders.
Moreover, this practice also makes us strategic spenders. When we cultivate gratitude, we feel more content and prosperous in all aspects of life, reducing cravings for material possessions as emotional substitutes.
Tip #3: Avoid Overspending this Holiday Season: Go for the BIG Happy
It probably won’t surprise you that Americans typically overspend during the holidays, with 7 out of 10 going over budget.
We used to buy our grandchildren lots of toys for birthdays and holidays. And when they ripped open those packages, they did look pretty darn excited. I awarded myself extra Grandma points every time! But after every visit with our grandkids, I ask them what the highlights were – and their answer is almost always the hike we took or the visit to the river.
The Big Happy for most of us is having memorable experiences and being with the people we love. That other stuff we chase? That’s usually Little Happy – fleeting and not very fulfilling.
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This Thanksgiving, I encourage you to take a few moments to reflect on the many blessings in your life, including your financial well-being. Gratitude is a source of joy and a catalyst for financial wisdom and reduced stress.
May your Thanksgiving be filled with warmth, gratitude, and abundant blessings.