(NC) Whether it’s through our career or our investments, we could all stand to make a little more money. And while there is no single magic secret to better finances, experts say there’s one thing we do every day that could have a bigger impact than we think — positive self-talk.
“We learned that many studies have shown that modifying our self-talk to be more positive can lead to better mental and physical health and to success in business and other areas of our lives,” explains Leigh Felesky, Managing Editor – Inspired Investor, RBC Direct Investing. “But if our self-talk is negative or pessimistic, it can make us feel anxious, depressed, angry or fearful, leading to poor results across the board.”
Like sports competitions, job interviews and business deals, investing is a challenging activity that can benefit from the right mindset. Here are a few ways to bring some more positivity into those conversations we have with ourselves.
Mind your pronouns: Using the second-person pronoun “you” when talking to yourself is more effective than using the first person. “You” — as in “you’ve got this!” — can strengthen our positive intentions before undertaking a task, as well as our performance of the task itself.
Pep talk: Before tackling a challenge, tell yourself that you will succeed. A study in the journal Frontiers in Psychology found that positive self-talk was more effective than visualizing success.
Positive influences: As much as you can, surround yourself with habitually positive people. Their good cognitive habits can rub off.
Time out: Daily reflection on the goals you’ve set for yourself will help you focus on the future rather than ruminating about the past.
Make room for meditation: New research has found that meditation can provide long-term positive neurological changes, as well as benefits for individuals experiencing anxiety, depression or chronic pain. Meditation can take as little as a few minutes a day, so it’s worth giving it a shot.
Find more investing inspiration at rbcdirectinvesting.com.