You never change something by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.- R. Buckminister Fuller.
Your financial success or failure is not a matter of luck, or circumstances, or fate. It’s a matter of following what your inner world is giving instructions to you.
This leads us to understand; what in general the current model people are following to achieve financial success.
In this article he writes about how one’s mindset determines their financial success, and the lack of it.
What is the current model most people follow?
From childhood, we are often taught to associate higher education directly with financial success. At the same time, we are often ingrained with negative beliefs about money. Most people accept this unhealthy perspective and live with it. Over 80% operate under this harmful mindset, which keeps them stuck in financial struggles. It’s important to challenge this model and explore alternative paths to success. Let’s delve into this new model today.
Your inner world creates your outer world
You are the creator of your own destiny, and your financial success is an exact reflection of your inner world.
This suggests that your personal thoughts, beliefs, and emotions respond positively or negatively to a certain idea, object, person, or situation. This response influences your choices and actions, which shape your external reality.
Because we have specific thought processes toward certain ideas, objects, people, or situations, we generate feelings that lead to emotions. Emotions then control our actions. When emotions rise, intelligence tends to decline. This subconscious process influences how we act and react, molding our life experiences.
Therefore, cultivating a healthy, optimistic inner life is one of the most important steps to improving our external conditions.
Understanding mindset in financial contexts
Our personal financial story is governed by the attitudes and beliefs we hold about money. We either live in a mindset of abundance or scarcity when it comes to money. From childhood, our attitude toward money is largely shaped by a combination of factors, including family culture, upbringing, personal experiences, and financial literacy. These factors contribute to how we perceive and manage money.
Our focus is often on technical education (school learning), which contributes only 5% to our success, while personal development (real-life experience), which accounts for 95% of our success, is largely neglected.
No matter your current status, there’s always room for improvement. Various factors influence our personal development, and with continuous education and adaptation, we can improve our mindset.
Transforming your financial mindset
Changing your financial mindset begins with education. Understanding basic financial principles can improve how you perceive and interact with money. Mastering concepts like compounding, inflation, real rate of return, and diversification will help you make informed financial decisions.
Achieving financial freedom requires an alignment between your mindset and strong financial habits. Focusing on personal development will enhance the quality of your life. Your attitude toward finances, business, and relationships is the critical link between your mindset and money.
