Believe it or not, but what you think is what you do. Our acts are just a demonstration of what cooks inside our heads. For instance, if you truly believe that your family is the most precious thing in your life, the actions yours will be purely family-centric. Similarly, if you think that earning money and saving money is the job that can get you anywhere in the world, your actions will reveal the same.
Although making the most important thing in your life at the centre of everything else appears easiest of simplistic, this is not the case with money. Because most money-minded people do not dream about slogging their guts and making huge sums. They run after the things that money can get them. Therefore, it is extremely crucial to decide where and when to stop, if you do want to end up being someone who looks back at his life and find himself just spending hours and hours filling his bank accounts. Because no matter how great your money-making process might be, the space of it is certainly confining if not stifling. So pay close attention to this blog if you do not want to end up sacrificing everything you love doing, just for the sake of having a bank overfilled with money.
To be someone who can earn money and enjoy the perks it offers at the same time, you need to first change the way you look at money. Some several exercises and habits can help you adapt and shift your mindset. So without wasting more time, let’s take a peek at some of the easiest and the most recommended exercises that will help you become smarter and truly richer.
How did you see money while you were growing up?
When you were little and asked your parents to get you something, Have you ever heard them taunting you by saying things similar to
“Money doesn’t grow on trees!” or did you get everything you asked for without a hitch? Were the discussions and arguments related to money between your parents were done before you or those kinds of discussions were strictly behind closed doors?
Take yourself back to those moments of your childhood, because this exercise will enable you to see how you got introduced to the significance of money. Also, check if there is any similarity between how you got introduced to money and how you are seeing it now. Do not look at your experience in either positive or negative light, just see it as objectively as possible.
How do you deal with money?
It is not necessary that every monetary-issue that you went through as a child has shaped every perception of yours about money. Life is constant learning and there are many occasions and people in your adult life that play a significant role in carving your money mindset too.
You will find that, if there are things in your early childhood that contributed to forming your perception about money, there are certainly are the elements in your journey to adulthood that left their mark in your mind as well. Again, do not ascribe those things as positive or negative.
How do you feel about the money now?
Make a list of every experience that you went through and your current monetary behaviours. Now try to connect the dots by creating a story. For instance, if your behaviour suggests that you are always spending money on fancy eateries rather than saving the money up to pay for your student loans, try to think about what is making you do it. This exercise will make you think about why you do what you do. Similarly, if you are too stingy about spending money, perhaps that is because your guardians were too afraid of running the money out. In case you are someone who would drain the money like nothing, perhaps your story is that you were deprived as a child so now you are determined to spoil yourself.
The aim of this exercise is not to take pride in your brought up or dwell in self-pity. It is to uncover your secret beliefs about money. So try to be as honest as possible about the relationship you have with money.
What is stopping you from succeeding?
After realizing your story based on your earlier experiences, it is time to now inspect what stories and behaviours are keeping you from achieving your goals in life. It will let you identify what is keeping you from not being able to balance between earning and spending. Having bulks of money in the bank account and no place and will to spend it, because you are too fearful that it might run out, is farthest from the balance.
You can spend, save and still be successful. Now another thing that is mentioned worthy, is realizing that success is an extremely subjective term.
There are people whose success would be to have a most lavish wedding, while there would be people for whom success is being able to pay for their tuition fees. For others, success might mean, saving enough money that they can start their own business.
This means this exercise is dependent on two factors for consideration. First what success means to you regarding money and how your mindset is getting in the way to reach your success. You will be surprised to see that what really is standing in between isn’t a material object or the absence of a material thing. It is either your fear, carelessness, psychology.
Think Big, Do Big
So imagine if your annual income turns into your monthly salary!
Are you afraid to even imagine this?
It is possible, you need to tell yourself that nothing is standing in your way from making this an actuality. List down all the ways that you can do to earn an annual salary in a single one.
Does it require you to take a double shift?
Would that require you to work even harder and smarter?
Make a list of all the possible ways that can help you achieve this milestone. Now try to rearrange your life, to meet your decided goal as close as possible. Try not to fret over and force yourself to take unreasonable measures.
Time to Move
Now that you are facing two lists. With one showing all the things standing in your way and the other depicting the measures, you can take to overcome those hurdles. It is time for you to do decide where to go and what to choose.
If you chose to make effort as the later list suggests, make no excuse and get moving. If you need a specific amount of money to get yourself enrolled in a course that will help you later in life, it is now time to start saving. Forget about all the pretty clothes in the display and the new coffee shop that looks enticing. Just save until you have enough to pay for the course and maybe then you can spoil yourself as a reward.
Learn, Learn, learn
If you have a knack for something and you truly enjoy the process of it, then take some time off from your schedule and invest your money and try in learning it. Get yourself proper learning of the skills you believe you can be great at. Perhaps later in life, your hobby will help you build a business of your own.
So whether it is cooking, baking or painting, if you find yourself enjoying it, start getting proper training. And if you cannot find anything you are particularly good at or interested in, then listen to the podcasts and inspirational speeches of successful people. Doing so might spark your interest in doing something. Once you realize where your potential interest lies, don’t think too much about the consequences and spend on learning.
Also, try to think beyond the path that has been selected for you by society. To make things available for you, you need to make yourself open to unlimited options.
There is a good chance that you are probably not earning enough to buy a course. Do not worry because learning is the cheapest in this age of the internet. So visit YouTube, search for whatever you want to learn and make yourself in habit of watching the videos regularly. Moreover, you should also allow yourself to unlearn some life lessons that do not benefit you.
also surround yourself with people who not only share your interest and ideology, but also your budget range.
Keep yourself away from those who are always giving excuses that they are broke or too stressed or busy. Because it is utterly crucial to have the people in your life who will help you advance.
This does not mean that you should start ignoring your friends and force yourself into the groups you are not welcomed in. The exercise just aims for you to be able to identify what needs to be accepted and what needs to be rejected by you. This way you can stay on the track that leads to success in your book.