How to Change Your Money Mindset for Success

Most people think of money in terms of what they need it for and how they can spend it. But, if you want to pave the way for a strong financial future, you have to think differently about your money. You need to understand the power that money has and how it affects your life in a positive way. By changing your money mindset and taking control of your finances, you will be able to achieve financial success and live the life you’ve always wanted. Here are some tips, courtesy of JST Investment Consulting. 

Stay Organized

Digital file organization is an important aspect of managing your finances. Being able to quickly and easily search for documents, bills, and financial information can save time and energy. A well-organized digital filing system allows you to keep track of all the details related to your income, expenses, and other financial matters. Not only does this help keep you organized and up-to-date with all of your finances, but it also allows you to easily locate any data or paperwork that you may need in a pinch. 

Prioritize Long-term Savings Goals

Next, it’s time to focus on your long-term savings goals. The key here is to focus on the big picture instead of getting caught up in short-term gains or losses. To do this, create a budget that outlines monthly expenses as well as long-term savings goals such as retirement or college funds for children/grandchildren. This will help ensure that you are prioritizing saving over spending and setting realistic goals for yourself when it comes to financial management. 

Know Your Expenses and What You Can Afford

When it comes to financial management, understanding your expenses and what you can afford is key. By tracking your income and expenses, you can develop a solid budget that will help guide your spending decisions. Knowing how much money you have coming in and where it's going is the first step toward creating a better financial future. Once you understand your current financial situation, you'll be able to plan for future goals and make more informed decisions when it comes to managing your money.

Generate Additional Income by Starting a Business

Many people are looking for ways to generate additional income and make ends meet. One of the best ways to do this is to start a side business. When starting your business, consider registering as an LLC. Forming an LLC allows you to take advantage of the tax benefits, gain protection from personal liability, and potentially increase your cash flow. If you are considering this option, it's important to do your research and consult with experts so that you understand all of your obligations as an LLC owner.

Go Back to School 

Lastly, earning an online degree can be another great way to boost earning potential while also improving your chances of achieving financial success overall. With an online degree, individuals have more opportunities available when seeking employment, allowing them access to various industries at potentially higher salaries than without a formal education. Plus, having a degree can open the door to a larger professional network, which you can parlay into better job opportunities down the road. 


Finances can be a complicated subject, but with some planning and self-discipline, it is possible to make strides towards better financial management. It takes commitment, but the results are worth the effort: greater peace of mind and more freedom to pursue your goals. With the right tools and strategies in place, you can achieve financial success, enjoy greater control over your life, and even start your own business.


Formulate strategies for building long-term wealth with the financial experts at JST Investment Consulting. Schedule a call today. 

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This article was written by our featured contributor, Sara Bailey of As a widow and mother of two, she knows from experience how important it is for parents to have a strong financial plan.

Excerpt from “Like many people who have lost the love of their life, I never in a million years thought I’d be here. On my 40th birthday — which I spent with my husband and our two kids bowling, devouring cupcakes, and laughing more than I ever thought was possible — I never dreamed that by my 41st, I’d be a grieving single mom raising a son and daughter on her own. But here I am, and with each passing day, I get a little stronger, and life gets a little easier.” If you or you know someone who may be facing similar challenges, please visit Sara’s website for support.


JST Investment Consulting does not provide tax or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable. The information in these materials may change at any time and without notice. 

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