Money Mindset: Conquer Your Financial Goals

Your money mindset from the beginning of the year may have taken a deep dive.

It’s not too late to turn the [insert your car here] around.

Today we’re taking a look at how you can reach your money goals by redefining certain areas of your life and finances.

I’m broadening this from my prior discussion about the misconceptions between income and savings.

The reality is that your future wealth equation does not rely on your income alone.

Quite simply – income does not equal wealth. 

How so?

Let’s say your take-home pay is $150,000 a year, but you spend $180,000 a year. You have a $30,000 deficit plus debt.

How about this one. 

Take-home pay is $60,000 a year, but you spend $50,000 a year. You have an excess of $10,000.

Note the difference?

Just because you make more money doesn’t mean you inherently keep more of it.

Therefore, in order to keep more of your money and meet your financial goals, you have to make a decision to:





Financial goals can mean something different for each person, but here are some ideas.

  • Financial freedom
  • Paying off consumer debt
  • Retire someday
  • Hitting $100k net worth

Whatever the end goal, if it’s attainable – you can make it happen.

Understandably, depending on where you live and your take-home pay, there may be some sacrifices.

Let’s be real.

If you live in the Midwest and you take-home $50k, it’s going to be easier than if you live in one of the major cities.

You can look at it as temporary until you succeed with the money goals you set for yourself.

Or you can work to make it a permanent state of mind.

If you were to spend a length of time focusing on more earnings, less spending, and balancing the two so you don’t give up halfway through – it can make a world of difference.

Let’s take a look at areas that you can redefine to further boost your financial goals.

money mindset conquer financial goals

Money Mindset: Conquer Your Financial Goals

Redefine Your Income Mindset

Make More Money

#1 – Put in the extra effort to get a raise or promotion.

You’ve heard it all before.

Here it is again – because you’re motivated this time, right?!

Did Sally one cube over get a promotion that had your name written all over it?

You’re tenured, show up every day, get your work done.

Sadly, most of the time promotions are not doled out first come, first serve or even for obvious reasons.

From experience, if your employer does offer raises and promotions, you’re going to have to prove you’re worthy of one.

First off, make sure your boss or “chief promotion and/or raise decider” understands your goals and can give you some areas to improve upon.

Try these proven tactics:

  • Work to make their job easier.
  • Be present and responsive.
  • Have a can-do, overall good attitude.
  • Don’t wait to be asked or trained to do something. Be proactive.
  • Ask “why” more. Don’t make the mistake of saying, “I dunno, Billy told me to.
  • Get certified (if it applies).
  • Be a subject matter expert and also be willing to take on more work.

Set a timeline of how long you are willing to wait for a promotion or raise and then move on if it doesn’t happen.

If you’re like my husband and your employer doesn’t offer promotions…

#2 – Look for a new job.

You may be thinking about loyalty here. I get it. 

But, you have to understand that no company is loyal to YOU.

The layoffs you hear about all the time in the news are REAL. They happen to real people. It happened to me.

You’re different, right? Unfortunately, that’s what a lot of the folks thought before they walked out with a cardboard box full of their belongings.

As for you, if you do some digging on, you may find a position that will likely pay more, have a better job title, or more interesting responsibilities.

Pinky swear. I’ve looked through hundreds of listings and there are some REALLY GOOD ONES OUT THERE.

Also, keep in mind that sometimes even though the pay may not translate to more money – there may be opportunities, benefits, and retirement contributions that will make an impact in your overall financial picture.

Don’t assume the “status quo”. Always look onward and upward. You owe it to yourself to make more money.

Real-life insights: When I made my career move, I wallowed in my decision before even leaving. Ultimately, in making this move, I made ~$63k more money over the next 3.5 years. Even though I ended up not liking the job, it left me in a better place financially to be very selective in my next 9-5. In other words – it gave me options.

#3 – Look for a second job.

Okay, maybe you can’t leave your current job for reasons only you know.

A second job may be on the horizon.

Even if it’s working on the weekends or selling your knowledge through tutoring services – there are part-time options that are effective.

I’ve worked overnight, delivered pizzas, distributed papers, rolled burritos – all in an effort to make more money.

And yeah, it wasn’t fun.

Redefine Your Expenses Mindset

Spend Less Money

#4 – Make trade-offs that will impact your bottom line.

If you are maxing out at every corner, but still want to make strides toward a financial goal – there are going to have to be some trade-offs.

The severity of the trade-offs will vary.

What is it for you?

The daily $10 latte and breakfast sandwich habit?

Weekly $50 mani and pedi?

Monthly $200 bayalage?

Or, is it the $500 premium you are paying for housing?

Let’s take a look at the heavy hitters that may need refinement within your finances.

4a. Take a fresh look at your living situation.

If you rent a place or even if you own a home – do a fresh look at what a potential downsize or move across town will mean to your bank balance.

Sure, you may be rooted where you are, but it doesn’t hurt to check.

I use and to check for potential places to rent and own.

4b. Change your transport ideals.

Do you look at your car as a status symbol?

Try looking at it more like a mode of transport. If it can get you safely from one locale to the next – it’s done its job.

This is especially if you are currently leasing on your own dime or paying a monthly payment.

When you make payments on a depreciating asset (aka car), it takes away from building wealth – or in this case, meeting a financial goal.

4c. Cook or eat out…but only buy what you’ll actually eat.

It happens to the best of us. You go to the store. Buy food for 4 new recipes you want to make.

Then life happens, you get busy, lazy, crave pizza and the groceries go bad.

Yup. Guilty.

It may get somewhat boring, but if you cycle through simple, cost-effective dishes – it’s easy and can build on your cooking skills.

4d. Go shopping…but only buy what you’ll use.

I’m a sucker for pretty things. This is one of the reasons I suggested window shopping instead of spending for ways to save money.

Challenge yourself instead of “buy today” to “buy someday”. The trick here is that you might not want it someday!

Don’t deprive yourself of what you know you need to get through life, but see if you can eliminate those often unnecessary extras (maybe, the 2nd Target stop for the week) that can be weeded out.


Looking for more ways to save money? Check out the following articles:

Redefine Your Money Mindset

Prioritize Money Goals

#5 – Pay yourself first.

This simply means that before you spend on variable expenses (entertainment, clothing, stuff) – put money away that furthers your end goal.

Let’s say your take-home pay is $3,000/month.

Off the top, to meet your goal, you automatically deduct $500 and you work to live off $2,500/month.

To make this work for you, adjust out your timeframe or reevaluate your income.

#6 – Set goals the right way.

With any type of goal, set out an action plan by putting action verbs in your sentences and make them very specific.

Here’s an example:

I want to save $5,000 this year.


My goal is to save $5,000 this year. In order to make this happen, I’m going to move $417 to an online savings account starting 7/31/2020. I’m going to do this each month until 7/31/2021.

Which one increases your odds of saving $5,000?

#7 – Keep your eyes on the prize.

Your timeline could be a few weeks, months, or years.

Whatever the time horizon, know that in order to be content and fulfilled in the interim, it is the balance that is going to sustain the longevity of your plans.

If you are familiar with Dave Ramsey, you know his saying, “Live like no one else now so that later you can live (and give) like no one else.”

This is SO true. Build up this mentality, work towards the goal, revisit often, but continue to live knowing the progress you make will only benefit you in the long-run.

Final Thoughts

If you are serious about your goals, you have to be serious about how you are going to reach them.

Let’s review!

Make more money | Get a promotion/raise, a new job, or a second job

Spend less money | Identify the heavy hitting expenses and refine your spending – housing, transport, eating, shopping

Prioritize money goals | Pay yourself first and develop forward-moving strategies

If you need more motivation:

Full-Time Dollars 9-5 redefined

Full-Time Dollars (FTD) is dedicated to providing insights to help you achieve your financial goals.

Read more about my mission HERE.

*As with all financial and investment decisions, consult a professional. Read disclaimer here.


    • Full-Time Dollars

      Hey Tom. Definitely, sometimes we all need a push to get there. I hope this article motivates people to make the moves that will result in the biggest impact to their financial goals.

  • Mr. Robot

    The only thing for me missing in this well written article is to not forget to enjoy life now. This doesn’t equal additional costs, but happiness here and now has no price tag.

    • Full-Time Dollars


      When making a goal we all have the option to determine the severity and sacrifices we are willing to make in order to meet that goal and set parameters. Making trade-offs, as mentioned, will vary based on the type of goal that is set.

      Even still, goals are there to provide some level of discomfort.

      I understand this all too well with a balanced diet. I have to make trade-offs if I want to lose weight. I may not like it, but I know what needs to be done to meet a weight-loss goal. Just like with financial goals. If it’s comfortable to save $100 a month, but it makes you slightly uncomfortable to double that each month – it teaches you to make trade-offs.

      As they say, “you can’t have your cake and eat it, too”.

      Adjust and balance your goals to sustain the longevity of them.


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