Are you sabotaging your own success by your own money thermostat?
What exactly does that mean?
I recently attended a Prospecting and Recruiting Seminar and Ray Higdon addressed mastering your money mindset.
He said, “The money you make is capped where your mind is.”
A while back I read an article on weight loss. The article said that the body will fight against changes. When you start losing weight, it will reduce the metabolism to slow it down. When you start to gain weight, it will increase the metabolism to slow it down.
The body doesn’t like things to change. It gets comfortable being at the state it’s in.[mlsp-cta campaign=”totalrecruitingmastery” popup=”false” layout=”standard” align=”left”]
Herein lies the cause of yoyo dieting. You’ll start to lose weight. It seems to be working so you slack off a little bit on your dieting and BOOM, the weight comes back faster than a speeding bullet.
It’s the same thing with money.
If you’re comfortable in your suburban home with a ton of bills and no paycheck left at the end of the month, that’s where you’ll stay unless you do something to change your mental attitude towards money.
You’ll need to change your habits and the way you think about money.
Ray said, “If you have a moral line between you and money, you won’t succeed.”
I bet every one of you has heard the Bible adage, “Love of money is the root of all evil.”
Of course, it’s a bad thing to worship money itself. That’s what the problem was with Scrooge in Charles Dickens’ “A christmas carol”.
Money was the end game for him. That was the only thing that mattered.
In the end, he saw that it was really people that mattered.
But he still had money and helped people with it. It wasn’t the money that was evil, it was his worship of it.
You can’t expect money to come to you if you think that people who have money are inherently evil.
Money is a tool just like a knife. It can be useful and helpful or it can kill.[mlsp-cta campaign=”ultimateblogbundle” popup=”false” layout=”standard” align=”left”]
Money is just paper and coin. It can be used for good and ill depending on who wields it.
It’s just as likely you can be rich and happy as to be poor and happy.
The advantage of being rich and happy is that you have a means to help others that a poor person lacks.
Wouldn’t you feel great if you could just write out a check for someone having a hard time of it? Or paying for your kids’ bills when they are struggling? Or just paying for the groceries of the person behind you in the grocery store?
Ray sets aside a small percentage of his income to go into a giving account. He can’t spend it. It has to be used to help someone.
Many people also pay a tithe to their churches.
Remember that your money comes from people and be grateful for it.
Many money managers suggest that you set aside 10% for donations and 10% for savings.
If you have a savings account, your brain always tells you that you have enough for your needs and relieves your mind from worries about impending bills and crises’.
Ray said to believe in what you’re doing. Have a positive attitude and work on yourself constantly. Be around those that raise you up. Have a daily system. Have a budget.
We did a mental exercise.
The next step is to take action. Ray said, “You will never make money spending time in your head.”
What do you need to do to make the dreams on your list happen? Be there every day to make it happen.
“When people need something, it’s because they never took it.” Carpe diem – Seize the day.
Have your why but become the person to have your why. What system will you use?
Have your why and ask what kind of person would do or have this?
Become that person.
This lesson will be continued in tomorrow’s blog post.