Skip to main content

The second Influence : MODELING

You can have all the knowledge and skills in the world, but if your "blueprint" isn't set for success, you're financially doomed.

A word of wisdom: Saving for a rainy day might sound like a good idea, but it can create big problems. If you are saving your money for a rainy day, what are you going to get? Rainy days!
Stop doing that. Instead focus on saving for joyous days or for the day you win your financial freedom. Then by virtue of the law of intention, that's exactly what you will get.

The reason or motivation you have for making money or creating success is vital. If your motivation for acquiring money or success comes from a non supportive root such as fear, anger, or the need to "prove" yourself, your money will never bring you happiness.

By unlinking your money motivation from anger, fear, and the need to prove yourself, you can install new links for earning your money through purpose, contribution, and joy. That way, you'll never have to get rid of your money.

Steps for change: Modelling
Awareness: consider the ways of being and habits of your parents had around money and wealth. Write down how you may be identical or opposite to either of them.
Understanding: Write down the effect this modeling has had on your financial life.
Disassociation: Can you see this way of being is only what you learned and isn't you? Can you see you have a choice in the present moment to be different?

Declaration: Place your hand over your heart and say.
"What I modeled around money was their way. I choose my way."
Touch your heart and say.. I have a millionaire mind!

Comments

Popular posts from this blog

CAN A FIRM ALWAYS SPOT THE NEXT GREAT TRADER?

 No. But a prop firm can tell who has a poor chance to become a CPT. To be good at anything will take everything you have. Not having developed the skills to work hard is a turn-off. Trading is a skill learned by doing, not just by reading a lot, theorizing, or the faux art of “paper trading.” THE PROS AND CONS OF RECRUITING EXPERIENCED TRADERS Loyalty is a good thing to a point, but it cannot trump logistics and reality. losing money should really bother you. If I am negative three days in a row, I spend a long evening on my couch with a bottle of red wine and comfort food. As traders, we can all recite the memorable line from Wall Street: “A man looks in the abyss, there is nothing staring back at him. At that moment he discovers his character. That keeps the man out of the abyss.”  Traders don’t talk about how they want to trade, what they want to read about trading, or how they wish they could talk about trading. Traders trade, read about trading, and talk about trading.

Reading the Tape

 Dr. Steenbarger, aka the godfather of modern trading psychology, wrote: “My experience is that an understanding of (and ability to read) order flow is one important factor that separates the older, successful generation of day traders from the newbies who only know simple chart patterns and indicator readings.” continue working on the skill of reading the tape and to sell the stock on the offer when the tape showed weakness. “Reading the tape must be learned through personal experience and long observation.” keep in mind that nothing can top experience. Don’t give up. It is not always this easy to Read the Tape. But there are plays where it really is simple. And reading the tape will offer pattern recognition plays that you can exploit. Overcoming a Confirmation Bias We all fight confirmation bias. But it will harm our performance if we do not overcome it. Let the tape talk to you. And use online vehicles like StockTwits and your peers sitting next to you to gain second ...
 All great leaders in every walk of life are highly sexed, but they follow the habit of controlling their sex desires, switching them into a driving force behind their occupation. The person who has self discipline understands the emotion of sex, respects it, and learns to control and transmute it into contructive activities. Q: Just what damage is there in over-indulgence of sex? A: The greatest damage is that it depletes the source of man's greatest driving force, and wastes, without adequate compensation, man's creative energy. Controlled sex supplies the magnetic force that attracts people to one another. It is the most important factor of a pleasing personality. It gives quality to the tone of voice and enables one to convey through the voice any feeling desired. It serves, as nothing else can serve, to give motive power to one's desires. It keeps the nervous system changed with the energy needed to carry on the work of maintaining the body. It sharpens the imagination...