FINANCIAL SUCCESS MINDSET

Financial success! A magical word, a dream of all, imagination all envisioned the state at which hassle of making money becomes unimportant but investing and contributing it for humanitarian service becomes your ultimate dreams because you have had more than enough and you can afford anything you could dream. The state at which billion of people of the world wish they could reach before their demise. We all day dream everyday about how wonderful it might be if only fate would smile in our direction and bestowed upon us a generous portion of money. The handsome some of money that will perhaps liberate us from impoverishment, elevate us from the state of dependency to simple and complete conscious state of independency and interdependency. That’s our dream.
Who among us dislike financial success in today’s world when success is attached to material accumulations? Who does not want good shelter and comfortable mean of transportation and a fat bank account? I guess No one! Everybody wishes to be rich. We all want our voice to be heard in our community. We all love compliment, we want recognitions. These are within reach of possibilities for some while vast majority of people think it’s far away from their reality. Nevertheless, you should know that you are the only element that will determine the possibilities or impossibilities. This is the best time to be alive: the richest century of all centuries, the most adorable and un-barricaded time of financial success, the time average income earners can free herself or himself from despair of poverty of the mind and soul-The time you can passionately convert your talent, vision with discipline to a crystallized knowledge that will engulf self limiting belief system and uncovers our financial ingenuity.
Financial success is guided by principles. The principles like natural laws, you cannot argue against them. They are universal and timeless. Allen Robber and Victor Hansen in One Minute Millionaire explain briefly what principle is like, saying ‘Principles are simple yet a powerful model that helps us understands how the world works. Principles guarantee the same result each and every time – no matter where, when, or who uses them. Gravity is principle when you wake up in the morning, you don’t have to question which way your foot will go when you get out of bed. It goes down, never up. Likewise, two times two is always equal to four. It never equals five. Principles don’t wear or rush out. They last forever. They are timeless and tireless. Principles cannot be over used. Life is a process of discovery of principles’. If you want to make rapid progress in your life, don’t ignore principles.
According to Paul Getty, one time world’s richest, True wealth comes from ability to practice what he calls ‘Economic Alchemy’ which is the ability to take something that has very little value and convert it into something of significantly greater value. It’s a principle. All wealth begins in the mind. Mastery of certain principles is the surest software of financial success system. All you need is to use them everyday, within organization, family etc. These include:
The Principle of Initiative
The principle of initiative is act of taking responsibility for whatever position we found ourselves today. Where we found ourselves today is not by an accident, our thoughts and actions have landed us there consciously or unconsciously. We are all responsible for everything that happens to us in life. This first step for proper diagnoses of financial success is admitting responsibility for everything that has happened in the past. Taking initiative or responsibility is ability to direct one’s thought and action in response to stimuli in our family, organization, community or institution towards what we want instead of blaming some else. When things go wrong as they will sometime do, the normal thing is blaming some else. We tend to find a scapegoat for our misfortune or shortcomings. But the principle of financial success is inversely proportional to common belief of blaming others or oneself. The issue of if Bolaji or Damie has done this or that it would have resulted to a desirable result is never the best way for approaching the circumstance. By doing that, you are giving them power over your life. We may not be responsible for everything that happens but we are free to choose our response to what has happened and take responsibility to redress the action.
Blaming professes no solution, it only aggravates our negative emotion and discussing the solution stirs the ingenuity and creativity in us. It gives more allowances for your subconscious mind to work on the solution other than burying yourself in the problem. However, it’s is not what happens to you that cause the damage, it is our response to it. Adopt new way of resolving issue and learn from the present circumstance. An accurate diagnosis is half the cure, proper examinations of present predicament or plight should probably teach you a valuable lesson. On the contrary, instead of blaming other we blame ourselves for failure. Why was I such a fool? I caused it! It’s my fault! This is even more detrimental than blaming others. It is pernicious thinking and dangerous practices. It plants deep feeling of inferiority complex and insecurity in one’s life like weed. Self-blame is prime source of self-pity that opens the door of self-deprecation and leads to self-contempt even self-destruction. It shuts door of development. You don’t have to blame yourself for all the money you lost in the last stock market crash or other businesses because there is a lot to learn from them. Just like Henry Ford puts it: ‘Failure is opportunity to begin again more intelligently’
You are not responsible for unemployment but you are responsible for not doing anything at all, you are not responsible for getting good job but you are responsible for doing the present job better, you are not responsible for lack of adequate infrastructure but responsible for the maintenance of the current ones. If you don’t presently have any job or you are seeking, you can decide to research about the industry you like to work in future. You will understand relevant position of the industry in relative to economic development. The strengths and weaknesses and other facts will make you prepare for the job. Who knows, you might stumble on something interesting that could give birth to new ideas. Every society, organization, community is looking for solution. Be part of the solution, add values. You would definitely be on the highway of financial success. Remember the law of serendipity. It may just work for you.
Audacious Goals
I know this is not the first time you would be reading about goal setting. Every writer talks about it. They emphasize it as part of self development and road map to success. Goal is blueprint of your life. If you don’t plan your day someone else will for you. Setting audacious financial goals and having a kind of obsession with the goal is a different thing; you have to be obsessed about what you want. If at any point in time you were asked about your goal, you should in succinct terms be able to express it. That can only be achieved when you think everyday from your goal instead of thinking of your goal. Thinking from your goal creates internal obsession about the goals and your personal mission statement, if there is no alignment you would instantly receive the signal from your inner mind (conscience). That is an indication of misalignment of your goals and personal mission statement. If you have tried goal setting and you fail to achieve them. Now, use your life mission statement to set your goals. Practically, you will come to understanding that just setting goals to accumulate money is not enough reasons. There should an intrapersonal dialogue agreement between your talent, passion and your skill
You should characterize all essential elements of goal setting namely believability, measurability, attainability, etc. when you are setting goals. If you have not set goal before, you may want to pick a book on goal setting, I’ll recommend reading “Goals” by Brian Tracy. Follow all steps but it’s your commitment that determines the result. You have to commit yourself totally. Just like W.H Murray says in The Scottish Himalayan Expedition, ‘Until one is committed there is hesitancy’. Concerning all acts of initiative (and creation) there is one elementary truth, the ignorance of which kills countless ideas and splendid plans. The moment one definitely commits oneself, then providence moves too’. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favour all manner of unforeseen incidents and meetings and materials resistance, which no man could have dreamt would have come his way. I have learnt a deep respect for one of Goethe’s couplets: Whatever you can do, or dream you can, begin it. Boldness has genius and power and magic in it’. No goal is bad enough but low goal is even worse, just imagine all the money you want in life and what you want to give in return positively to humanity to earn it!

The Bear Time Your Way

Money- It is one of the emotional charged issues of our lives. Most people are willing to give up so many things in accumulation of more; they give up time with family and friends or even destroy their health just because they want to make more money. Some still go extra mile in performing money rituals using friend, wife, close relatives worst still children just to acquire more money, to many money answer all things and they will do anything to acquire it, some pretend to unimportance of its existence. They deal with money by pretending it doesn’t count in their lives. Contrarily, financial pressure or inadequacy is a natural phenomenon that permeates the genes of all of us. We all need money for surviving today in the society. Lack of money translate into a lack critical resource while some people share opinion of money as the source of pride, envy, greedy even contempt.
Intellectually you and I know that money is just a means of exchange. Not the root of all evils or maker of dreams as some say, it’s not even ultimate source of power and freedom. It’s part of the process of all.
A 15cm x 71/2 cm paper that society imposed on us through conformity and conditioning of being the measurement of wealth, Possession of handsome of it seems to give a wonderful world to the master, while lack of it is horrible. Many make mistakes of thinking that their lives problem would dissipate if they had enough money. Nothing can be further from the truth. Earning money does not guarantee happiness and long life of luxury.
Most people get interested in investment everyone else is. When stock is ‘bulling’ the want share of it, they want take part in real estate flipping. The time to get interested is when no one else is. You cannot buy what is popular and do well says Warren Buffet. That is what salvage great investment from good investment - when people seem to be keen interested in outstanding performance of stocks that is when average investors blindly invest usually at the top of the market if not exactly at the top it will be closer . Average investors refer to those who never seek knowledge and understanding of the market. The people who invest according to what a friend says without taking much time to do research about the investment programs.
If you want invent professionally in any market index, commodities, currency, bond, real estate, invest when vast majority of the people pay less attention to such investment. The belief still holds for many investment strategies because no one knows the performance of the market until you are told. It is prevalent occurrence among investors to be silent when taking advantage of investment opportunities that remain incomprehensible to many. The truth is that they trust their guy and research. Professional investors seek first capital preservation in any investment that will also guarantee good return. Sometimes good investment opportunities are infamous, inconspicuous among investors only available to insiders who play the real game of money.
A recession is simply a contraction of the economy. Time for financial beef up by government and citizen is during recession. A man who dreams of having glorious retirement at ripe age of 70years or more is likely to witness a recession once or more in his lifetime. This may either be translated as opportunities or impoverishment by the individual. We believe recession is time for living conservatively without considering investment again because of immediate loss of capital. Remember that every recession period creates opportunities for those who seek it. This means that there are underlying opportunities now that one can take advantages even when people complain of lack of circulating liquid cash. One thing I always remember is the rule of bumblebee. According to this law in mathematics, it is physically impossible for bumblebee to fly. Fortunately for her no one ever explained this to bumblebee, so she does. If you don’t know there is economy contraction you will go ahead to achieve what you want like some do.
Don’t subject yourself to discouragement when you make decision to embark on investment especially during this period when it is considered risky. Recession time like such presents more opportunities to find good investment people are scare of. All you need is to awake your prosperity consciousness.
The lame excuse we all have is lack of money for investment at this time either due to the capital and profit that have been lost to the previous crash. Still, there are many ways out of this bondage. This might not be as simple as I have assumed for majority or be the right answer for all and sundry but it will give you ideas of creating or generating money form exiting to invest for unknown future.
(a) Sell What You Don’t Need
One of the ways of generating cash for immediate investment is liquidating non-essentials, unnecessary liabilities you have acquired in the past that you have tagged as assets, the properties that have remained fallowed for months’ even years. Old car(s) in automobile repairer workshop, load of unused household kitchen utensils, outdated books in your bookshelf that other might need and bunch of toys in your store. You may have extra television or radio sets, blender, pieces of furniture, all this have market value today and should be liquidated for cash.
Don’t be deluded by what others do and misinterpret or misused want and need. Your want is quite different from your need. You may want latest Armanda 2009 model but all you need is comfortable means of transportation you can acquire with fractional cost of Armanda. You may want hundred disc loader home theatres instead of moderate sound system. There are instances of want and need today. Examine yourself should you have many ‘wants’ than necessary, sell them off to purchase the ‘need’ and save the difference for future investment. This will not only put more money back into your wallet for investment but create transformation in your home and lifestyle. You will acquire new brands items in the process
(b)Cut Back Consumption
A naira saved today may worth its twice tomorrow. The money you spend today is gone forever. Don’t think about what something costs; consider rather how much time it takes you to get the net money to buy it. The way to have enough money is to either create or earn it and the only way to grow in wealth is by producing more than you consume. Consumptions rate grow dramatically everyday. Our taste for food, frivolous materials, fashions, parties has tremendously affected consumptions rate. We consume virtually everything that comes our way, no matter how much we earn there never seems to be enough. We allow Parkinson seed to germinate in our garden.
Its time we looked back to possibility of alternative to our ways of consumptions. If we can cut consumption on food items we can as well do so in communications, fashion, transportation or entertainment.
In Nigeria communication is considered most expensive in Africa which is killing. Inter-network communication calling rate is alarming for our major operators yet no one can deny himself of communications with family and friends, boss, office mate and colleagues. Cutting back the amount you spend by scheduling your minor and major calls to off- peak period with reduction in tariff. Calling friends for gist’s or gossiping can be scheduled to mid-night calls that seem to be free for some network operators. I cannot over emphasize this, if you want to know how much you spend on calls, start today by recording every of your calls and the amount spend. You will be amazed with sum total at the end of the month.
Your children and wife should not be left out if you are married with kids in this development. They are equally part of the moving train. Don’t feel guilty by putting your foot down and closing your wallet. It is an opportunity to give your children an understanding of basic economics. If your wife or child wants something, don’t just deny them but let them figure out what they are going to do to or create to get that. This process will increase their financial education you are trying to teach them. I believe your wife will be an advocate of financial independent however you may not have to struggle much before she will comprehend your actions
Entertainment like fashion should also be taking into a check during this time because you don’t want boring life; you want to take fun out of life. A life that you are used to has almost reaching climaxed. An evening of drinking in a bar, restaurant meal, Asun spot and palm wine joints every Saturday can still buy 1000shares unit of penny stock. Friday’s night clubbing and partying can be totally stopped or reduced. I know you need certain form of recreation or social activities especially the one with business associate or colleagues. You need to be more selective of what party to attend. It costs you nothing than discipline to refrain from the multifarious attitude that is ruining your finances. In fact your wife will be extremely happy if you spend more time at home instead of your normal joints. This transformation will bring good and everlasting relationship back to your home concurrently improving your finances thereby causing soaring of your self esteem and self confidence about what you are capable of achieving in life.
When you try this you will discover dramatic changes in your life and finances within a short period.