Saturday, November 6, 2010

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!