If you’ve ever felt like no matter how much debt you pay off, you somehow end up right back where you started, you’re not alone. If you've ever caught yourself obsessing over what’s leaving your bank account instead of focusing on how to grow it, you’re in good company. The problem isn’t just the numbers—it’s the mindset.
I know this shift personally because I lived it. I used to focus on my debts, tracking them down to the penny, believing that if I could just clear them, I’d finally feel free. I thought this was being responsible and the path to wealth. But the more I focused on what I owed the more financial burdens seemed to find me. Life would “happen”—unexpected expenses, emergencies, setbacks—and I would end up right where I started.
It wasn’t until I shifted my mindset from scarcity to abundance that everything changed.
Now, instead of focusing on debt, I focus on net worth. Instead of obsessing over what I can cut I focus on attracting more—earning more, saving more, investing more. And you know what? My balances continue to climb. My financial confidence has never been stronger.
So, how do you strengthen a wealthy mindset when everyone else is giving in to fear? Here are a few key shifts to help you stay grounded—especially when you're being fed a continual diet of fear, panic and dread.
Tracking debt keeps you in a loop of lack. Yes, paying off debt is important, but wealth isn’t just about what you owe—it’s about what you own.
Start tracking your net worth instead of just your liabilities. When you focus on growing your assets debt repayment becomes part of the plan rather than the entire plan.
💡 People who celebrate low interest rates are focused on debt. People who celebrate large returns are focused on wealth. Shift your focus accordingly.
When financial fear creeps in, it’s tempting to tighten your grip on money—hoarding what you have and cutting every expense. But true wealth-building isn’t just about saving—it’s about creating, attracting and expanding.
Start asking yourself:
✅ How can I earn more instead of just cutting more?
✅ Where can I get my money to make money and work for me?
✅ How can I add more value to the world to increase my income?
Many people focus on debt repayment as their only financial goal. They make extra payments, cut spending and live lean—only to find themselves back in debt when “life happens.” The key? Balance.
A wealthy mindset embraces a both/and approach:
✅ Pay down debt and build savings
✅ Reduce expenses and increase income
✅ Be responsible today and invest in tomorrow
By diversifying your focus, you build long-term wealth while staying financially stable in the present.
💡 Bonus: Your mental and physical health will benefit from this shift as well. When you’re no longer living in a constant state of avoiding worst-case scenarios stress levels drop and confidence rises.
One of the most powerful mindset shifts I’ve made is this:
💡 What you expect, you get. What you track, you attract.
If you constantly expect financial struggle more struggles will find you. If you track your limitations they will expand.
But if you expect financial growth track your net worth and believe in abundance you’ll start noticing more opportunities, more income and more wealth-building habits showing up in your life.
Use your creativity for your own benefit instead of allowing it to become your worst enemy.
In uncertain times, most people react with fear. They cut back, shrink their vision and reinforce their belief that "there's never enough." But those who thrive financially see the world differently.
They focus on expansion, opportunity and resilience.
👉 Instead of asking, “What if I lose money?” ask, “What are the smartest ways to grow my money?”
👉 Instead of saying, “I can’t afford that,” ask, “How can I afford that?”
👉 Instead of thinking, “I have to get out of debt,” focus on, “I am building wealth.”
It’s easy to panic when others are consumed by financial fear. But real wealth isn’t just built in good times—it’s built by maintaining an abundant mindset in all times.
Stay intentional track what truly matters and trust that your financial future is always within your power.
💡 When you keep the faith that you always land on your feet and even a misstep becomes a moment to bounce back—stronger, wiser and more prepared than before—you develop a wealthy and healthy mindset.
Because the truth is: when you focus on the right things, your world changes in ways you never imagined.
Keep the Faith,
Kate Hanson