Steps To Getting Your Money Right4 min read
Steps To Getting Your Money Right
If you are continuously running into time periods where your overall income and cash flow is stagnant are even decreasing, you need to get your money right. Many times, people do not really understand the money game. With that being considered, how are they supposed to win or even compete with the wrong information. If you are tired of watching the months and years go by with little to no significant changes in your financial situation, understand that can change and you can put yourself on a much better path towards prosperity and wealth. Here are some initial steps to get your money right.
Realize What Money Is
First thing we must know is that we are not going to escape dealing with money. Regardless of how we feel, money is a part of our life. Money is also a tool. It can be used for many purposes, depending on the intent of the holder.
Money is also choices and the more money we create the more choices we are able to make which can carry freedoms along with it. Finally money is a mental game which really means that you have to start changing the way we look at money so to create a new mindset that invites abundance into our lives.
Drop the Middle-Class Mindset
The middle-class concept is failing millions of people because it is based on myths and formulas that worked for previous generations but are no longer proven successful today. This comes from a time when people were trying to get to middle class, that was the goal.
What has changed since that time is almost everything. Look at the trends over the past decades in inflation, changing economics, global economic pressures on wages, stock market and housing bubbles, technological advancements and unpredictable world events and it is easy to see why what used to be a seen as an end goal is now seen as the end trap. Things have changed, if your information has not, that is a red flag indicator.
Make Way for New Information
If old ways of thinking are not going to cut it anymore, you have to get rid of that old information so you can make room for the new information. The brain is truly an amazing marvel. A seemingly never-ending library, shelving away our lifetime’s knowledge. Some of that information we forget, some we retain.
If the information we have is wrong to begin with, doesn’t it make sense to willingly get rid of that information as we process new and better information? New thoughts and actions will come from new information which alters the trajectory of what the financial future looks like. You will get better at anything you put time into.
Look at Financial Issues as Sickness
If you were continuously not feeling well day after day, you would seek to find out what the problem was and what possible cures are available to regain my health. If you look at finances the same way, it becomes easier to identify, diagnose and then fix the situation.
Evaluating the situation from this point of view makes you realize that very simply, your money is sick and it needs help. Whatever it might need, there is a possible cure that you can implement and make your financial situation healthy again. Financial wellness is part of overall wellness.
Stop Listening to Broke People
People are always to give advice, many times when they have no business doing so. People will give you advice based on what they would do. Think about that for a minute. This is why you need to be intentional about who you seek advice from. Are they creating good outcomes for themselves? Do they want the same outcome that you want for yourself?
Many times people get financial advice from the wrong people who got their information from the wrong people and the cycle continues of passing down what ultimately is bad information. If you want to change your outcome, you have to change your position.
Stop Lying to Yourself
Many people want a better financial future. Many even believe that will be able to attain it. However, data and statistical analysis paint a very different picture. Hope and pray is not a strategy or plan of action. Procrastination and continually kicking the can down the road on even identifying what the problems are is just lying to yourself.
If you lie to yourself long enough, it becomes easy to believe the lies and eventually reality will hit and, at some point, the sad realization of what is, what could have been and what should have been doing comes together and it is too late to turn back the clock. Action steps, no matter how small, over a compounded period of time will produce results.
Remember, it cost nothing to dream and everything not to. Dreams create a vision that we can then create into a reality. What do you want, how are you going to get there and what are you willing to do along the way? Never downsize the goal or the dream, alter what you are doing to attain the end result.