Growth Mindset Vs. Fixed Mindset: Finance Matters

After studying the behavior of thousands of children and adolescents, researcher Carol S. Dweck noticed that some children seemed eager to learn and grow, while some seemed more satisfied with the status quo, fearing failure.  Dweck's resulting work introduced the "growth mindset," describing those individuals who view talent and natural ability as only the starting point that can be built upon through dedication and hard work.  Whether we have a growth mindset or a fixed mindset affects how we deal with change, with failure, and with opportunity, whether that is in our work lives, raising children, or in our relationships.   Listen in as Patty and Brandi discuss the basics of Dweck's theory and how we can develop a mindset that enables us to grow.

 

Resources mentioned: 

Learn more about Carol Dweck:  https://www.ted.com/speakers/carol_dweck

25 ways to develop a growth mindset: https://www.opencolleges.edu.au/informed/features/develop-a-growth-mindset/