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Personal Journal - Day 18: Wealth Management (2)
10 years ago
Another day of managing money. This one is a lot more work and is probably another journal most won't agree on xD
Wealth Management - End Financial self-sabotage.
Many people don’t get what they want financially. Not because they don’t have a plan, not because they lack good advice, not because the possibility of wealth is not around them, not because they lack capitol, and not because they lack the intellect. We lack financially because of the process we go through of sabotaging our own success. What I mean is: People believe they deserve a certain level of success. If things are going poorly, we’ll end up pulling ourselves to a point where we feel we should be. If we are doing too well, we’ll pull ourselves back to the point where we feel we should be. If for whatever reason, we are sabotaging our successes, then it is only because the situation we are in is perceived to bring more pain than pleasure should it continue.
To make this even worse, people associate pleasure to having a lack of abundance! When people really do well financially and they’re around friends, what happens? They begin to judge. Those we considered friends may begin to reject us due to our financial standing. Perhaps partly due to this, our brain begins to associate financial abundance to pain. Remember; the brain does not work logically, no matter how much we may want it to.
In order to eliminate this self-sabotage, we must first change our association to money. Instead of associating all that pain, we should instead associate all that pleasure we think of consciously. After all, if we don’t even HAVE the money to begin with, then why would we even consider the negative aspects it may bring with it?
Another reason we tend to avoid financial abundance is the fear of the unknown. We know what it’s like to have no money, but not how it is to be wealthy. If we’ve never had wealth to begin with, then we have NO idea what it’s like.
Perhaps in part to all of the above reasons, people who don’t have the money they desire haven’t gotten themselves ready emotionally to deal with it. In order to succeed financially, we need to build our ability to “accept” the additional income and responsibilities that may come with it. Like any other “muscle,” it needs to be trained. Start small, and work up to bigger and better things.
So how do we get beyond lack? How do we begin to create wealth, AND keep it without destroying it?
Well, first of all…get wealthy now. Literally, right now. We should be free from the illusion of not being wealthy, because we all are in some way. Again, this goes back to the quote I provided yesterday, “if you’re not enough with, will not be enough without.” Wealth is NOT just money; it is the abundance of anything in any area of our life. Our wealth is leverage; the ability to have experiences that we did not control or generate. We get to live in a country where we are surrounded by abundance. We own this abundance just because we live here. We own the public highways. For most of them, we don’t have to pay to use them. Most of the government buildings, we own. We can go in at any time and use them. We do, after all, pay for them. The same goes for public libraries. We get to go in and get access to a whole mess of books for FREE! Someone may decide to point out that these services are paid for through taxes, and they’d be right; but we do not spend a single cent of our net value on these services.
Like attracts like. Whatever we hold consistently in our mind is what we experience. Once again, this goes back to focus. Understand we’re already wealthy, and it will come. Wanting to expand on that wealth is healthy.
People generally ask: Is it really right to make more? If you’re surrounded by others who don’t make as much, is that really acceptable? Well; If you’re smart, is it right to expand your knowledge? What about relationships? Is it right to want to deepen a relationship you already have? How’s about health? Is it right to want to be even healthier than we are now? Maybe spiritually? Is it right to want to strengthen what bonds we may have there? If you could have more, should you? Simple answer; yes.
A lot of people seem to be getting caught in the following thought process… It’s not fair to have more than those around us…but guess what? There is a little thing called the law of 33%. We should spend 33% of your time around those below us, those on the same level, and those above us. Simply put, a third of our time should be spent with those lacking abundance in their lives. A third of our time should be spent around those who have about as much as we do, and the last third of our time should be spent around those who are WAY ahead of us (I’m talking like, 5, 10, 20, even 50 years ahead, by the way).
Everyone was born with opportunities. We are all born equal in that sense, but we are NOT equal in education, decisions, how much we demand of ourselves, or in our motivation. People don’t start out with “equal” resources, but no matter where you look; there is SOMEONE who made it for themselves. They did this by GAINING access to their “talents” and abilities thanks to beliefs in the areas that were empowering.
Trying to turn around sabotage by working harder does not work. If our core beliefs do not align to our goals, we simply cannot get there. By building a road to our own financial success, we can simultaneously assist others in reaching their goals as well. Beliefs are a set of rules we live by. A feeling of absolute certainty about what something means. Again, limiting beliefs mean that we are certain that having abundance is worse than not having abundance. Changing ones beliefs has been gone over in a previous journal.
This world can be divided into three groups: Those who make things happen, those who watch things happen, and those who wonder what happened. What most people do in life is sit around and HOPE that some miracle will come along and turn things around; OR they go out and just work harder and harder and then wonder why they can’t make it. These groups can be looked at in two simpler ones: Those who have a very high pain threshold-those who continue to sit and hope and wish; and those who have a lower threshold-those who look around and find so much pain they refuse to put up with it any longer.
Get to the place where you’ve absolutely had it, but understand why you’ve had it. Most of us get frustrated and are simply destructive with the excess energy. Lucky me, I had my grandma to point out how useless that was very early on, so I learned to utilize that frustration in a much more productive way.
There are a few steps to eliminate self-sabotage in finances…FOREVER.
-Write down all the pain you experience because we don’t have enough finances we deserve. What are we missing out on? What are we losing? What is it costing? What are some things you REALLY want to do that you cannot due to a lack of funds? Maybe we can scrape by, or maybe we’re comfortable (we all know that’s me right now…meaning if this doesn’t change I’m fucked, lol).
If we’ve done this effectively, we’ve associated massive pain to a lack of money. Maybe we’ve already got that, but if this is an issue, then obviously it’s not enough. The point is to use the frustration as a motivator. Enough of one where we get to that point of “I’ve had it.”
Remember, we’ll do more to avoid pain than we will to gain pleasure. Things like “I can do it later” and knowing that “later” may never come…that’s a hell of a reason right there. Another one; knowing someone who REALLY deserves the help, but you can’t offer that assistance simply because you don’t have the money to. Perhaps the inability to travel. PRESSURE YOURSELF.
-Find out what you think of when you think of money itself. Write down anything you think of when you associate to money. Single words. If you hear “Money” what do you think of right off the bat.
-Now; write down the things you remember about money growing up. Phrases and the like, personal thoughts regarding money. “Money is” or “Money will” or even “Money can.” Those kinds of phrases. Anything that limits your financial abundance.
Look at this list and compare it to your list from before. Do you notice any contradictions?
-Now make a list of how your life would be greater and better if you had all the money you could want in your life. (Goes back to the lottery post I made earlier). What would it be like if you had all the financial freedom you could want?
Now look at those previous beliefs…We can keep them, destroy them, or link them to a positive trigger. Those phrases we now have, mess with them. Have fun. Remove the limitation.
Finally, let’s try looking at empowering beliefs… These come directly from people who are financially successful, by the way. People similar to Gates, Ford, Walton, Lopez, Drucker, Buffet, Munger, and naturally, Robbins.
1: Money is nothing more than a measure of value we give to others. The more money we give, the more money we are capable of receiving ion an ongoing and consistent basis.
2: To become wealthy, you only need two things. 1: Every day, live in an attitude of gratitude. Feel incredibly grateful for wealth we already have in life. See a sense of possibility and see the abundance that IS our life. (that in itself will create more wealth on its own…like attracts like, water seeks its own level. remember?)
3: Consistently give to others more than you expect to get back (This is impossible, by the way…doesn’t matter how much you give, you’ll always get more back).
4: Create experiences with money that gives you and those around you pleasure. PLAY! HAVE FUN! Seriously, if you never experience pleasure tied to money, then it’ll never stick.
So now, exercise for today (Lol, yeah, after this mess of one)
The ten day challenge. Starting today, we’ll take a couple minutes to condition our mind for financial possibility. Write down three new ideas to make money. ANYTHING. Maybe 90% of those ideas aren’t worthwhile, but how many do we need to create financial abundance?
Wealth Management - End Financial self-sabotage.
Many people don’t get what they want financially. Not because they don’t have a plan, not because they lack good advice, not because the possibility of wealth is not around them, not because they lack capitol, and not because they lack the intellect. We lack financially because of the process we go through of sabotaging our own success. What I mean is: People believe they deserve a certain level of success. If things are going poorly, we’ll end up pulling ourselves to a point where we feel we should be. If we are doing too well, we’ll pull ourselves back to the point where we feel we should be. If for whatever reason, we are sabotaging our successes, then it is only because the situation we are in is perceived to bring more pain than pleasure should it continue.
To make this even worse, people associate pleasure to having a lack of abundance! When people really do well financially and they’re around friends, what happens? They begin to judge. Those we considered friends may begin to reject us due to our financial standing. Perhaps partly due to this, our brain begins to associate financial abundance to pain. Remember; the brain does not work logically, no matter how much we may want it to.
In order to eliminate this self-sabotage, we must first change our association to money. Instead of associating all that pain, we should instead associate all that pleasure we think of consciously. After all, if we don’t even HAVE the money to begin with, then why would we even consider the negative aspects it may bring with it?
Another reason we tend to avoid financial abundance is the fear of the unknown. We know what it’s like to have no money, but not how it is to be wealthy. If we’ve never had wealth to begin with, then we have NO idea what it’s like.
Perhaps in part to all of the above reasons, people who don’t have the money they desire haven’t gotten themselves ready emotionally to deal with it. In order to succeed financially, we need to build our ability to “accept” the additional income and responsibilities that may come with it. Like any other “muscle,” it needs to be trained. Start small, and work up to bigger and better things.
So how do we get beyond lack? How do we begin to create wealth, AND keep it without destroying it?
Well, first of all…get wealthy now. Literally, right now. We should be free from the illusion of not being wealthy, because we all are in some way. Again, this goes back to the quote I provided yesterday, “if you’re not enough with, will not be enough without.” Wealth is NOT just money; it is the abundance of anything in any area of our life. Our wealth is leverage; the ability to have experiences that we did not control or generate. We get to live in a country where we are surrounded by abundance. We own this abundance just because we live here. We own the public highways. For most of them, we don’t have to pay to use them. Most of the government buildings, we own. We can go in at any time and use them. We do, after all, pay for them. The same goes for public libraries. We get to go in and get access to a whole mess of books for FREE! Someone may decide to point out that these services are paid for through taxes, and they’d be right; but we do not spend a single cent of our net value on these services.
Like attracts like. Whatever we hold consistently in our mind is what we experience. Once again, this goes back to focus. Understand we’re already wealthy, and it will come. Wanting to expand on that wealth is healthy.
People generally ask: Is it really right to make more? If you’re surrounded by others who don’t make as much, is that really acceptable? Well; If you’re smart, is it right to expand your knowledge? What about relationships? Is it right to want to deepen a relationship you already have? How’s about health? Is it right to want to be even healthier than we are now? Maybe spiritually? Is it right to want to strengthen what bonds we may have there? If you could have more, should you? Simple answer; yes.
A lot of people seem to be getting caught in the following thought process… It’s not fair to have more than those around us…but guess what? There is a little thing called the law of 33%. We should spend 33% of your time around those below us, those on the same level, and those above us. Simply put, a third of our time should be spent with those lacking abundance in their lives. A third of our time should be spent around those who have about as much as we do, and the last third of our time should be spent around those who are WAY ahead of us (I’m talking like, 5, 10, 20, even 50 years ahead, by the way).
Everyone was born with opportunities. We are all born equal in that sense, but we are NOT equal in education, decisions, how much we demand of ourselves, or in our motivation. People don’t start out with “equal” resources, but no matter where you look; there is SOMEONE who made it for themselves. They did this by GAINING access to their “talents” and abilities thanks to beliefs in the areas that were empowering.
Trying to turn around sabotage by working harder does not work. If our core beliefs do not align to our goals, we simply cannot get there. By building a road to our own financial success, we can simultaneously assist others in reaching their goals as well. Beliefs are a set of rules we live by. A feeling of absolute certainty about what something means. Again, limiting beliefs mean that we are certain that having abundance is worse than not having abundance. Changing ones beliefs has been gone over in a previous journal.
This world can be divided into three groups: Those who make things happen, those who watch things happen, and those who wonder what happened. What most people do in life is sit around and HOPE that some miracle will come along and turn things around; OR they go out and just work harder and harder and then wonder why they can’t make it. These groups can be looked at in two simpler ones: Those who have a very high pain threshold-those who continue to sit and hope and wish; and those who have a lower threshold-those who look around and find so much pain they refuse to put up with it any longer.
Get to the place where you’ve absolutely had it, but understand why you’ve had it. Most of us get frustrated and are simply destructive with the excess energy. Lucky me, I had my grandma to point out how useless that was very early on, so I learned to utilize that frustration in a much more productive way.
There are a few steps to eliminate self-sabotage in finances…FOREVER.
-Write down all the pain you experience because we don’t have enough finances we deserve. What are we missing out on? What are we losing? What is it costing? What are some things you REALLY want to do that you cannot due to a lack of funds? Maybe we can scrape by, or maybe we’re comfortable (we all know that’s me right now…meaning if this doesn’t change I’m fucked, lol).
If we’ve done this effectively, we’ve associated massive pain to a lack of money. Maybe we’ve already got that, but if this is an issue, then obviously it’s not enough. The point is to use the frustration as a motivator. Enough of one where we get to that point of “I’ve had it.”
Remember, we’ll do more to avoid pain than we will to gain pleasure. Things like “I can do it later” and knowing that “later” may never come…that’s a hell of a reason right there. Another one; knowing someone who REALLY deserves the help, but you can’t offer that assistance simply because you don’t have the money to. Perhaps the inability to travel. PRESSURE YOURSELF.
-Find out what you think of when you think of money itself. Write down anything you think of when you associate to money. Single words. If you hear “Money” what do you think of right off the bat.
-Now; write down the things you remember about money growing up. Phrases and the like, personal thoughts regarding money. “Money is” or “Money will” or even “Money can.” Those kinds of phrases. Anything that limits your financial abundance.
Look at this list and compare it to your list from before. Do you notice any contradictions?
-Now make a list of how your life would be greater and better if you had all the money you could want in your life. (Goes back to the lottery post I made earlier). What would it be like if you had all the financial freedom you could want?
Now look at those previous beliefs…We can keep them, destroy them, or link them to a positive trigger. Those phrases we now have, mess with them. Have fun. Remove the limitation.
Finally, let’s try looking at empowering beliefs… These come directly from people who are financially successful, by the way. People similar to Gates, Ford, Walton, Lopez, Drucker, Buffet, Munger, and naturally, Robbins.
1: Money is nothing more than a measure of value we give to others. The more money we give, the more money we are capable of receiving ion an ongoing and consistent basis.
2: To become wealthy, you only need two things. 1: Every day, live in an attitude of gratitude. Feel incredibly grateful for wealth we already have in life. See a sense of possibility and see the abundance that IS our life. (that in itself will create more wealth on its own…like attracts like, water seeks its own level. remember?)
3: Consistently give to others more than you expect to get back (This is impossible, by the way…doesn’t matter how much you give, you’ll always get more back).
4: Create experiences with money that gives you and those around you pleasure. PLAY! HAVE FUN! Seriously, if you never experience pleasure tied to money, then it’ll never stick.
So now, exercise for today (Lol, yeah, after this mess of one)
The ten day challenge. Starting today, we’ll take a couple minutes to condition our mind for financial possibility. Write down three new ideas to make money. ANYTHING. Maybe 90% of those ideas aren’t worthwhile, but how many do we need to create financial abundance?
