What do you need to work on and what are some good habits that you want to build? You’ll want to make a list, write them down, prioritize them, and then develop a plan to achieve the results that you want.
Subjective experience isn’t really a good way to make money decisions. You also need to read research, data, and information related to your business and industry to find out if your subjective experience relates at all. It’s shocking when it doesn’t relate to the norm, but that happens.
You don’t have to be in the majority of your niche to market to the majority of your niche audience. You just have to accept that you need the research to make smart decisions and that due to what you learned growing up, through education, and life, that wasn’t correct. But that’s OK and you can start making better choices now.
Holding on to a poverty mentality can ruin your chances of building a successful business long term. A business that not only supports you while you’re working, but due to sound financial investments, is going to support you after you stop working and sell the business. Because smart people have an exit plan too.
The very best way to change your mindset about anything is to read books, listen to Podcasts, watch YouTube videos, and educate yourself about the topic fully. Read the things you think you disagree with.
Look at their references. Look at the facts from both sides and especially from the side of successful people that you would like to emulate. Understand why you may have been taught something so erroneous and learn the truth from studying successful people that you can feel good emulating.
Read books that feature people you admire who have achieved what you want to achieve and who come from similar or harsher backgrounds. This is going to help you learn the steps they took to overcome their own blocks to finally experience success. Read books about investing, business finance, and more. The more you can surround yourself with financial books that show you the way to success, the better.
Listen to Podcasts about people’s stories from rags to riches. Those are always...
It doesn’t really matter what type of mistake you make in life – there is always a lesson to learn from the mistake. The trick is understanding that there is a lesson, finding the lesson, learning it, and figuring out what can be done differently in the future.
Realize You Made a Mistake
Before you can fix anything, you must name it and claim it. Accept the mistake, know that you made it, and be open about that and honest about that with yourself and others. Making mistakes doesn’t make you weak. Imagine if Thomas Edison had given up after every single mistake. No, instead, realize you made the mistake. That’s the first step to learning from it.
Identify the Cause of the Mistake
When you examine the mistake, it’s easy to step back and see the overview of it, but the best way to not make the mistake again is to examine the mistake to the point where you know the exact moment in time that your thoughts sent you to the wrong decision. If you can find that...
The truth is, it’s going to be very difficult for you to delve into yourself to figure out what your money blocks are all alone. It’s not that it cannot be done, but sometimes it’s just not easy to see what’s going on with yourself. Sometimes you really do need someone who is trained to help lead the way for you. You can find this person by looking for a business coach.
You can find all sorts of business coaches today. If you believe you have money mindset issues that you want to deal with, the best coach for you is someone who deals with mindset issues, and you may even find someone who deals specifically with money mindset issues. It’s such a huge problem that it’s not surprising if there are people offering solutions for this very real problem.
If you’ve ever wondered why some people are good at making decisions while others tend to procrastinate, it has to do with the amount of self-awareness the person has. You can come by this self-awareness by finding a life or business coach who deals with mindset issues, or you can join masterminds, challenges, and groups to work through these issues.
But make no mistake, most people have some form of money mindset that is contrary to what is in their best interests. Thankfully it can all be fixed. You can identify the limiting mindset, research the issue, and educate yourself about it so you can learn by data and numbers that your life experience is subjective. Stats can help you overcome that fact.
All of this takes practice and self-awareness to know when the examples you’ve witnessed – while not wrong – may not always be right. But you’ll learn how to trust your instincts because it’s based on your education and study of the situation.
There are three common limiting beliefs about money that could be affecting your ability to earn and keep more of your money. Let’s talk about these three common limiting beliefs about money and you can determine if you have this belief even slightly and then follow the tip to end the problem.
Money is a Limited Resource
This is something you’ve been taught since you were little – not only by your parents, but also by your school and society. Money is treated as if it’s a finite source. But it really isn’t. Especially now that money is not backed by the “gold” standard and instead is just a made-up figment of your imagination. When they need more money, they can literally print more.
Think of this. When a bank loans out money, it’s creating new money out of thin air. If you put 100 dollars in savings, the bank can now loan out 80 dollars of that money (and remember you still have your 100 dollars that you can spend if you want...
The fact is, almost everyone has limiting beliefs and mindset issues that hold them back that formed unknowingly around something. But money mindset issues lead to this problem due to the lack of financial education that most people have. Most people learn everything they know about money from their parents. What parents know is 100 percent tied to their own education and financial class they were born into. This type of knowledge is more likely to be passed forward through close family relationships rather than school education on the topic.
These mindset issues show up easily with proof. It shows up in that eBook you wrote 6 months ago that you haven’t launched because you think your writing isn’t good enough, but you haven’t hired an editor who could advise you and you’re just sitting on it. In fact, you might have already started on another project instead of launching the first, second, or third.
Mindset issues show up because you spend hours trying to...
Money mindset makes a huge difference in how a person reaches and handles success.
If you have a poor mindset and fill your thoughts with limiting ideas, you may experience: