Updated: August 10, 2024
“Your financial situation is a reflection of your thoughts, beliefs, and expectations,” says author, businessman and motivational speaker T. Harv Eker.
Indeed, one of the key factors in building wealth which I often share is having the right mindset about wealth.
If you want to improve your financial situation, then you must pay attention to your thoughts, beliefs and expectations about money.
The truth is that most of us simply inherit these money beliefs from our parents, teachers and those people that we respect. Sadly, these aren’t always the healthy money beliefs.
Parents can love their child 100%, but at the same time pass on the belief that the only way to succeed is to get good grades and get a job. This may have worked before, during their generation, but times have changed and more opportunities are accessible to us.
There are excellent teachers in school who can make the most boring subjects entertaining, but at the same time pass on to their students that money isn’t important. Sometimes, our teacher just comes from a place of privilege that’s why they say this. And that isn’t their fault.
And then we have priests who have deep faith in the Lord God’s ability to provide to those in need, but can make people feel guilty for desiring a better life. It could also result to some who unfortunately, would become content at praying harder and not working harder.
Again we inherit our money mindsets from those we respect and we do it subconsciously. That’s why to reach the next level of financial success, it is crucial to expand our sources of knowledge and really think about healthier ways of thinking about money.
Both in how we receive it, and how we spend it.
That’s something to think about for now. Perhaps, I’ll write more about this in the coming weeks.
In the meantime, I’d like to tell you that Ken Honda, author of Happy Money: The Japanese Art of Making Peace with your Money is coming to the Philippines.
He’ll be here for the National Achievers Congress this August 23 and 24 and will be sharing more lessons on how to have a healthy money mindset and become a “Zen Millionaire”.
Details here: National Achievers Congress Manila 2024
