A money mindset refers to how individuals perceive and relate to money, which affects their approach to earning, spending, and saving. Some people may have a scarcity mindset, believing that money is hard to come by and requires constant hard work, while others adopt an opportunity mindset, viewing money as something that can be generated with action and creativity. This mindset also shapes how we view people with and without wealth and can create barriers, such as a fear of success, that limit financial progress.
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