Chances are if you clicked on this article, you want to learn what goes on in wealthy women’s minds. You want to learn about the mindset that makes wealthy women wealthy vs. what keeps you broke.

If this is you, don’t worry; this is just the article for you. In this article I give you 10 mindsets wealthy women have, so you can easily adopt them into your own life and create abundance.

This is not a guarantee for future wealth; I just believe the inner work is as important as the external work. 

** I am not a financial advisor.

The Importance of Managing Your Money Correctly… As a Woman

I talked a little about this in my previous articles, but women are projected to hold about ⅔ of America’s wealth. This is roughly 24 trillion dollars. Isn’t that amazing? With that money in our hands, we could do amazing things. 

Even though women invest significantly less than men, we still make more money through investing on average. Fidelity found that women outperform men by 40 basis points (0.4%). Additionally, a Warwick Business School study found that women outperform men in investing by 1.8%. 

We have the potential to handle our money significantly well. Whether we use it to make money or help others, handling your money wisely is the root of any financial greatness. 

Financial literacy is also so scarce among women as well. How can women ever develop a healthy wealth mindset while also being clueless about their finances? No knowledge about financial literacy is a huge blockade to building wealth. Only 49% of women feel knowledgeable about building wealth compared to 66% of men. 

Women Reinvest Their Money Back Into Their Communities

Women invest 90% of their wealth back into their communities, and they give a greater percentage of their wealth to nonprofits than men do. I’m not saying you absolutely have to put 90% of your earnings into your community. I’m just showing you the hearts that women have, making it so important for us to develop an abundant wealth mindset. 

Imagine you develop such a great wealth mindset and you build so much abundance and overflow, you get to give to causes you truly care about without needing to sacrifice your financial safety. 

Money Gives Women Power

It is so important to be able to stand on your own two feet as a woman. Being fully independent is still a relatively new concept to women. Our generation is one of the first generations of women to truly taste real financial independence and freedom. 

Who doesn’t want to have financial independence and freedom? 

How Do Wealthy Women Think of Money

1. They Have An Abundance Mindset

The first and most important thing is that wealthy women rewire their minds for abundance. 

A scarcity mindset is when you believe that there is barely enough to go around for everyone. As a result, you feel like there will never be enough for you. 

On the other hand, an abundance mindset is when you know that there is more than enough for everyone. You don’t feel jealousy when a friend succeeds because you know there is an endless amount of opportunities for you as well. Saturation in a niche or market doesn’t scare you because you know there is space for you. 

Abundance is crucial for building wealth. This is one of the most important aspects of building your wealth mindset. 

How to Develop an Abundance Mindset: 

1. Practice gratitude: When you sit down to reflect on how grateful you are for things you have, the more you realize how much you really have. 

2. Don’t compare yourself to others: Realize that there is an abundance of timelines. Everybody’s timeline looks different. And also try not to base your life on someone else’s timeline. 

3. Celebrate other people’s success: Someone achieving something amazing does not have anything to do with you. Whenever that feeling of envy comes up, use it as inspiration. Don’t spiral

4. Be present in the moment: Being fully present now is a great way to realize how much abundance you have in the now. Look around and see what there is to be grateful for. The little things add up.

Book Recommendations

The Abundance Book – John Randolph Price

You Are a Badass at Making Money – Jen Sincero

Happy Pocket Full of Money – David Cameron Gikandi

2. Self-Worth Equals Net Worth

The truth is, we often don’t get what we believe we deserve. We get what we think we are worth. Your self-image dictates so much of your life. 

You have to make sure your self-image directly contributes to creating a healthy and abundant wealth mindset. 

Let’s look at a case study: a woman that was born into wealth. This woman, who was able to travel everywhere first class, go to private school, and eat the most amazing food, will never see herself as struggling. She will always see herself as wealthy. Therefore, she does not sabotage any type of monetary wealth that comes her way, because her self-image aligns with her dream reality. 

For those of us who were not born into wealth, our self-image is often a struggle or mediocre. But it doesn’t have to be that way. We need to put just as much work into developing an abundant and wealthy self-image. The same amount we put into our business, because it is just as important. 

How to Make Sure Your Self-Worth Aligns With Your Desired Net Worth:

1. Invest in your own mind: Always learn about things that help you become better in life and in your business. Become an expert in whatever field you desire, and watch your self-worth and image skyrocket. 

2. Set financial goals: Set goals that represent your dreams and aspirations. Don’t set goals out of fear. Set your financial goals and pursue them relentlessly.

3. Know your value: Always remember you are more than the amount of money you make. Recognize your value as a human being as well as the value you offer in business. You offer something in a unique package that no one else will ever be able to match. 

4. Become financially literate: Educate yourself financially to help you reach your financial goals and dream net worth. You don’t want to sabotage your finances.

5. Become so familiar with your “why”: Anytime your self-worth or image takes a hit, remember why you need to be so confident in yourself. Close your eyes and visualize your why, whatever it is, and become so familiar with it. 

Book Recommendations

Psycho-Cybernetics – Maxwell Maltz

The Mountain Is You – Brianna Wiest

Worthy – Jamie Kern Lima

3. Money Is A Tool Not An Identity

Money rules a lot of things, but it should never rule your identity. This is important in building your wealth mindset, as money should always be looked at as a tool to upgrade your life. The amount of money is never your true worth as a human. 

As Sian Sutherland, co-founder of A Plastic Planet, says, “Money is amazing when you have it and terrible when you don’t. Money is a vehicle to take me to the best experiences of my life, with my family and friends.” 

Wealthy women spend time getting to know their financial situation. They know exactly how much they have in their bank account, how much they are investing, and how much they’re saving. To take your finances to the next level, get super clear on where you stand right now. 

The average woman spends more on skincare than they do saving up to consult a financial professional. It’s ok to buy the necessities, but get your priorities in order. 

How to Look at Money Like a Tool Instead of an Identity:

1. Understand the value of money: Money has no real value. Humans give it value. It is just a tool used primarily for exchanging items or services.

2. Align your financial goals with personal values: Make sure your financial goals support what YOU really want. Not what other people want. Make sure your money supports your life purpose

3. Don’t tie your self-worth to money: Your financial status has nothing to do with your financial status. Whenever you celebrate a financial milestone, celebrate it as a great use of your skill, instead of celebrating to validate your self-worth

4. Self-reflect regularly: Regular reflection on your financial situation keeps you in check and prevents you from creating detrimental financial habits.

Book Recommendations

The Soul of Money – Lynne Twist

Your Money or Your Life – Vicki Robin

The Psychology of Money – Morgan Housel

4. They Don’t Hope For Wealth… They Assume They Already Have It

This is a big difference between a broke woman’s wealth mindset vs. a wealthy woman’s wealth mindset. 

Wealthy women assume, and have been assuming, they are financially abundant. This assumption pushes them to take guided and strategic steps toward creating more financial abundance.

Hoping for wealth, on the other hand, is just wishing for wealth. This wish, because it is not supported by any action, often just ends up unfulfilled. 

Don’t get me wrong, hope is great. But what is the point of hope if it is not backed by any real action?

How to Assume You Already Have Wealth Instead of Hoping for It:

1. Define your desire: Clarity is amazing! Clearly define what you want, whether it’s an amount of money, business success, or simply just more discipline; get clear.

2. Vividly visualize your success: Use all your senses when you imagine how it would feel to succeed. Whatever that looks like for you, feel it with your whole entire body. 

3. Practice gratitude: Focus on whatever financial blessings you currently have. That’s how you attract more of it. 

Book Recommendations

The Law of Assumption – Neville Goddard

Ask and It Is Given – Esther Hicks

Think and Grow Rich – Napoleon Hill

5. They Are Not Risk Averse; They Are Risk Aware

A wealthy woman knows the importance of risk. The biggest lie out there is that women are too risk averse. 

Whether a woman is starting a new venture or investing in the stock market, if the opportunity is aligned with her personal goals, she will take the risk. So maybe she takes more time to make an investment decision; she is trying to make sure she is making a good decision.’

Being aware of risks means you are more immune to potential disruptions. It also means more informed decisions. Always research stock before you invest in it. Don’t just invest in a stock just because others are. And don’t just start a business because others are doing it either. 

If you are a woman with a high tolerance of risk, you will do amazing. If you’re not, that’s fine too; it’s always possible to develop a high risk tolerance.

How to Be Risk Aware Instead of Risk Averse:

1. Know the difference between being risk averse vs. risk aware: When you are risk averse, you avoid risk altogether. On the other hand, if you are risk-aware, you understand the risks involved, but you get educated to make informed decisions. 

2. Be comfortable with uncertainty: On the opposite side of any risk is an outcome, obviously, but we don’t know what the outcome will be like. Just remember this uncertainty is a natural part of life. And who knows, maybe a million dollars lies on the other side of this uncertainty. 

Book Recommendations

The Big Leap – Gay Hendricks

Antifragile – Nassim Nicholas Taleb

Women & Money – Suze Orman

6. Consistent Learning

One thing about wealthy women is that they are constantly learning. Things are always changing, so the willingness to learn is great for a healthy wealth mindset. 

They don’t say, “I already know that,” “I don’t have time,” or “I can’t afford it.” Wealthy women know that if they just learn one new thing or improve on one little aspect, that will contribute to their future success. 

Many times when people say those excuses above, they aren’t really true. It’s just that they aren’t hungry enough to build their business or learn something that will benefit them. 

Success is just a skill that is built through acquired knowledge. It’s not really about getting rich financially. It’s about who you have to become mentally to become rich. 

Research has shown that 88% of millionaires read for 30 minutes a day. They also spend money on experiences and education that give them more information, especially about business and money.  

Subha Barry, the president of Working Mother Media, says that women are more than capable of learning complex topics. She encourages women to learn a little bit about something they care about each day. 

The truth is you have time. More than enough time to learn new things and build your business. You just need to cut out those useless habits like scrolling, watching TV, and gossip, while replacing them with hobbies that turn you into a more well-rounded individual. 

How to Ensure You Are Consistently Learning: 

1. Go to the library: When was the last time you were at the library? The library is a great place to find books on topics you care about. I really enjoy going to the library. It’s also a great place to focus and learn new things. Go get that library card!

2. Always keep a book next to you: Don’t fall victim to doomscrolling. If there’s one thing wealthy women definitely don’t do, it’s doom scrolling. Keeping a book next to you keeps you in line. Whenever you feel called to scroll, pick up that book and read. Give it some time; scrolling won’t even feel desirable anymore.

3. Listen to informational podcasts: Ever since I started listening to podcasts instead of music, music just doesn’t feel the same anymore. I love the knowledge I get from listening to other business owners. The best thing about this is that you could be cooking, working out, or doing tedious tasks and can put a podcast on in the background so you can learn as well. 

4. Set clear learning goals: Set realistic learning goals with timeframes and learning objectives. And learning materials to give your learning journey a clear, structured path. 

5. Find out your learning style: Everyone is a bit different; some people are visual learners, while others learn through audio or hands on learning. In order to learn most effectively, knowing how you learn is necessary.

Book Recommendations

Atomic Habits – James Clear

Mindset – Carol Dweck

The 5 AM Club – Robin Sharma

7. Focus On Building Instead of Maintaining

Wealthy women are very independent. They don’t rely on other people for their financial well-being; they know they are responsible for their financial standing. As a result, they put so much effort into building their business, networks, and knowledge. 

Once these wealthy women achieve financial abundance, it becomes a flow, and things should start working for you. You should not be working for everything. 

Wealthy women are very comfortable with delegating tasks. Micromanaging everything and trying to do everything yourself is inefficient and tiresome. 

Right now if you’re a woman in the beginning stages of building your business, keep building. Focus on that, but remember that later on when you create financial abundance, you have to get comfortable with delegation and letting things work for you. 

It may sound too good to be true, but that is wealthy women become wealthy

How to Focus on Building Instead of Maintaining: 

1. Get clear on your big picture: when you have a big picture, you only engage in the tasks that push you toward your end goal. You won’t have to focus on building or maintaining things that are not necessary

2. Prioritize tasks: Delegate tasks, if you can, to free up space for the necessary work that builds you or your business up. 

3. Time-block your schedule: Free up mental space to focus on building by dedicating specific time periods to certain tasks

4. Schedule time each week for your business: Always have a dedicated time for building your business. This also goes into freeing up mental space to build and create things for your business

Book Recommendations

Buy Back Your Time – Dan Martell

The 4-Hour Workweek – Tim Ferriss

Essentialism – Greg McKeown

8. Invest Based Off Their Values

When wealthy women have new opportunities in front of them, they make decisions not only based on facts but also on their intuitions and deciding whether or not it aligns with their principles. 

When wealthy women choose to invest their wealth into opportunities that support their values, the money intensifies those decisions. 

The things that often matter most to women include children’s well-being, economic welfare, health, and many other important matters. Wealthy women often want to make a difference in the things that matter to them, and investing is an amazing way to accomplish that. 

How to Invest In Things Based Off Your Values:

1. Know your core values: Find out what you really want to see improve or what matters to you. What do you stand for? What issue has always bothered you?

2. Explore what is available to invest in: Search for different investment strategies that align with your core values. Maybe you invest in certain companies or invest in working with certain volunteer groups

3. Spend mindfully: Don’t just buy compulsively. Pause before buying and ask yourself, is this a purchase that aligns with my core value or improves me?

Book Recommendations

Do Good, Get Rich – Theresa Bradley & Olivia Knight

Impact Investing – Cathy Clark et al.

The Soulful Art of Persuasion – Jason Harris

9. Use Their Feminine Strengths

Wealthy women don’t avoid their emotions when making decisions about money. People are often advised to not make money decisions from an emotional standpoint. While that is sometimes very true, as women those emotions often come from our intuition. Intuition is very important when it comes to building wealth and developing a healthy wealth mindset. 

Nancy Tengler, CEO of Laffer Tengler Investments, says, “Women make better investors than men and are often less benchmark driven, willing to do more research, and open to changing their minds.” 

Being a woman does not mean you are incapable of building wealth; it actually means the opposite. 

Many women tend to downplay their accomplishments or knowledge. Even those women who are financially educated and professional downplay their skills. 

It is so important that you are confident in the things you have accomplished and that you use the power that comes with being a woman while you are building wealth. If you try to make money like a man, just constant grinding without any regard to your personal cycle, the process becomes bland. 

How to Use Your Feminine Strengths to Build Wealth

1. Trust and flow: Trusting your intuition and flowing with life creates serendipitous opportunities that lead to loads of financial abundance.
   
2. Use your intuition and creativity: Women are intuitive by nature, and that intuition is always guiding us to our higher selves. Creativity, on the other hand, is so important in order to create new businesses and to come up with new solutions to problems. 

3. Focus on self-care and improvement: Invest in your self-care and improvement the same way you would as if a million dollars were sitting in your bank account right now. 

4. Become financially independent: Nothing is more feminine than being financially independent. Your real femininity comes out when you feel safe and secure in yourself, because of yourself. 

Book Recommendations

Women Who Run With the Wolves – Clarissa Pinkola Estés

The Sophia Code – Kaia Ra

10. Take Care of Themselves First Then Others

Wealthy women always put themselves first. This is very controversial since women have been conditioned to put themselves and what they want last. 

Women who put themselves last often view money as a threat. As something that shouldn’t be in their hands because they are not financially independent. Wealthy women, on the other hand, view money as a source of safety and security. 

When you put yourself first as a woman and do the things you have always wanted to do, make money, and build your dream business, you become more selfless because you have the resources and knowledge to actually help others. 

Having money gives you options. It lets you leave situations you don’t like or feel safe in. It lets you go back to school and travel the world. 

How to Take Care of Yourself First, Then Others:

1. Create boundaries: Put limits on certain things that leave you feeling drained and exhausted. Make these limits clear to the people in your life. 

2. Ask for help when you need it: THere is nothing wrong with asking for help. You can only get so far alone. While putting yourself first, don’t feel like you can’t indulge in the help others give you.

3. Have a self-care routine: This is great practice for putting yourself first. Carve out time during the week to focus on yourself. Do whatever makes you feel great. Whether it’s shaving, doing a face mask, watching a movie, or reading, make some time for it.

Book Recommendations

Burnout – Emily & Amelia Nagoski

Set Boundaries, Find Peace – Nedra Glover Tawwab

The Self-Care Project – Jayne Hardy