Skip to main content

Wealth file #12 Rich people think "both." Poor people think "either/or."

Rich people live in a world of abundance. Poor people live in a world of limitations. Of course, both live in the same physical world, but the difference is in their perspective.

Poor and most middle-classs people come from scarcity. They live by mottos such as "There's only so much to go around, there's never enough, and you can't have everything."

And although you may not be able to have "everything," as in all the things in the world, I do think you can certainly have "everything you really want."

Rich people understand that with a little creativity you can almost always figure out a way to have the best of both worlds. From now on, when confronted with an either/or alternative, the quintessential question to ask yourself is "How can I have both?" This question will change your life. It will take you from a model of scarcity and limitation to a universe of possibilities and abundance.

People who are rich in every sense of the world understand that you have to have both. Just as you have to have both your arms and your legs, you have to have money and happiness.

Rich people believe "you can have your cake and eat it too."
Middle class people believe "Cake is too rich, so I'll only have a little piece."
Poor people don't believe they deserve cake so they order a doughnut, focus on the hole, and wonder why the have "nothing".

Either/or thinking also trips up people who believe "If i have more, then someone else will have less." Again, this is nothing more than fear based, self defeating programming.

If you really want to live a life without limits, whatever the situation, let go of either/or thinking and maintain the intention to have "both."

Declaration: "I always think 'both'."
touch your head 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...