3 Powerful Money Mindset Lessons

Lesson 1:

This first lesson is from the book You are a Badass at Making Money by Jen Sincero.

“I’ve seen many cases where people get so obsessed with their issues that they spend years journaling, going to retreats, weepily deconstructing their inner selves as an excuse not to take giant scary leaps forward. So I want to encourage you to do both at the same time: investigate your BS and take forward action.”

Jen reminds us that while it is important to discover and rebuild our inner world to align with our goals of the outside world, it is just as important that we don’t get too caught up in this…to the point where it is a distraction. Its should be a dance. A dance between unraveling our old selves, building our new self, while also applying all of our lessons into ACTION.

If you want to achieve success and financial freedom you certainly need to get to the bottom of your BS and figure out what’s holding you back but, make sure you are also actively taking steps forward as well. Don’t get caught in the trap of feeling like you are being proactive when you are simply distracting yourself.

Lesson 2:

This second lesson comes from the book Think and Grow Rich by Napoleon Hill. Napoleon teaches the reader that what we think and what we allow to consume our thoughts is inevitably the reality we create.

“Both poverty and riches are the offsping of thought.”

Obviously no one wants to live in poverty. But, what we find in human behavior is once you connect with a certain identity you will produce thoughts that align with this identity. Negative thoughts attract more negative thoughts, leading to a never ending cycle.

In other words you can allow the mind to create certain rules and limits that only serve you towards staying within your comfort zone or your identity.

Our thoughts will essentially create our realities. If you truly believe you can be rich, you will most likely act and live out in ways that will get you there. You will do things that push boundaries and create this reality for you. Where as someone who believes they are poor will continue to think in ways that keep them poor. If you want to keep yourself in a box, create a label for yourself and only think thoughts that validate this label.

You become what you believe you are.

Lesson 3:

The third lesson is a little bit of a mind boggler but a good one. It comes from the book Rich Dad Poor Dad.

“Failure inspires winners. And failure defeats losers. It is the biggest secret of winners. It’s the secret that losers do not know. The greatest secret of winners is that failure inspires winning; thus, they’re not afraid of losing.”

All this one means is essentially this: when we fail we have two ways of dealing with it. We can let it inspire and teach us or we can let it defeat us. Kiyosaki believes that one of the greatest secrets of winners is that they allow failure to bring positive growth to their lives. Instead of backing down when things go wrong they take apart this failure as a lesson. Then they use this lesson to excel even higher the next time.

This is what can break apart people who will achieve and people who will not. This understanding that failure is not a negative thing. If anything it is positive because it allows us to take on new levels of knowledge and understanding that can be used for bettering our futures.

When you are able to shift to this positive perspective of failure, we also remove the fear we have around it. Now, we can try things confidently knowing that if it doesn't go as planned things will be ok.

Posted January 22, 2021