Hello everyone! I shortly just wanted to welcome you and let you know that I appreciate you spending time here at the blog very much. Everyone is so busy and frustrated about this lockdown so I really do appreciate you taking time out of your busy day to check out my blog! I will always appreciate your feedback to the blog. If you have any comments or suggestions I welcome them and would love to hear them. I hope everyone is keeping well and safe during this time; and remember to use this time productively. So on today's blog, we speak about "the compass of wealth"
THE COMPASS FOR WEALTH
If you don’t know where you are going, how will you know if you get there? If your destination is undefined, undoubtedly you’ll never arrive and likely end in a place you don’t want to be. Wealth is found with a roadmap, not a dartboard.
Self-made millionaires don’t become millionaires by stumbling into money, just as financial failures don’t become failures by stumbling into poorness. Both are the direct result of the financial roadmap chosen and the actions and beliefs that evolve from that roadmap. Your financial roadmap is definitive to process, and it’s the first tool for your road trip to wealth.
Your current financial situation is a product of your existing roadmap, whether chosen or not. Your roadmap guides your actions, and the consequences of those actions have created your financial life. How your life unfolds is determined by your choices, and these choices originate from your belief systems, and those belief systems evolve from your predisposed roadmap. If you want to change your life, change your choices. To change your choices you must change your belief system. Your belief system is defined by your roadmap.
How do beliefs affect finances?
Beliefs preclude choices, which preclude action. For example, if you believe “rich people got rich investing in mutual funds” your actions will reflect that belief. If some financial guru tells you to cancel your credit cards because “all debt is bad,” you do it. If an author says, “$50 invested today will be worth $10 million in 40 years,” and you believe it, your actions reflect that belief.
Beliefs are powerful mechanisms that drive action, whether true or not. What you believe about money and your ability to attract it is usually what happens. Never think there is enough? That it is hard to get? That other people have more? That it is a struggle? Then you’re likely to experience it that way.
Try to trace back where these thoughts first started. Usually we find that our core beliefs are intrinsic to our very nature and started when we were very small children.
I also believe it’s not just our environment that shapes this belief. Many times personality also plays a role. A natural optimism usually goes hand-in-hand with a belief in the ability to make money. If you are someone who usually sees the glass half empty, it’s pretty hard to believe that you are going to attract all the wealth you need.
Your belief system acts like a roadmap, a compass that, if errant, can lead you to a lifetime of detours. Fictitious beliefs are lying roadmaps; they escort you down dead-end roads where “Wealth: Next Exit” never happens.”-Page 40, “The Millionaire Fastlane” by MJ deMarco
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