Skip to main content

Overcoming Obstacles


The primary difference between a rich person and a poor person is how they manage fear.

Five main reasons why financial literate people may still not develop abundant asset columns
that could produce a large cash flow.
1.Fear
2.Cynicism
3.Laziness
4.Bad Habits
5.Arrogance

Overcoming Fear
"If you hate risk and worry, start early."

The greatest reason for lack of financial success was because most people played it too safe. "People are
so afraid of losing that they lose."

"Winning means being unafraid to lose."
For most people, the reason they don't win financially is because the pain of losing money is far greater than the joy
of being rich.

Failures inspire winnes. Failure defeats losers.

Overcoming Cynicism.

School has conditiond us to avoid mistakes and punishes students for making them. In the real world, I've learned that mistakes if acknowledged and evaluated and used
as a tool to make better decisions in the future are invaluable. A little fear can be a healthy thing, but we shouldn't live in fear of making mistakes. Mistakes are good things,
if we find the lesson in every failure.

Noise is created inside our heads or comes from outside, often from friends, family, co-workers, and the media.

Doubts and cynicism that keep most people poor and playing it safe. The real world is simply waiting for you to get rich.
Only a person's doubts keep them poor.

Cynics never win unchecked doubt and fear creates a cynic. Cynics criticize, and winners analyze.
Criticism blinded while analysis opened eyes. And finding what people miss is key to any success.

Overcoming Laziness
The most common form of laziness: Laziness by staying busy. So what is the cure for laziness? The answer is a little greed.

The words "I can't afford it shuts down your brain." "How can I afford it?" opens up possibilities, excitement, and dreams.

"I cant' afford it" also causes sadness, a helplessness that leads to despondency and often depression. "How can I afford it?"
creates a stronger mind and a dynamic spirit.

Without that little greed, the desire to have something better, progress is not made. Our world progresses because we all desire a better life.
New inventions are made because we desire something better. So whenever you find yourself avoiding something you know you should be doing. Then the only thing you
ask yourself is, "What's in it for me?" Be a little greedy. It's the best cure for laziness.

Do what you feel in your heart to be right for you'll be criticized anyway.
You'll be damned if you do it and if you don't -Eleanor Roosevelt

Overcoming Bad Habits

Our lives are reflection of our habits more than our education

If I pay myself first, I get financially stronger, mentally and fiscally.
Why? because if i don't have something to give them i will find ways to provide. I will find ways for my pay not get deducted
And if I pay myself last, or not at all, I get weaker. So people like bosses, managers, tax collectors, and landlords push me around all my life just because I
don't have good money habits.

Overcoming Arrogance
"What I know makes me money. What I don't know loses me money. Everytime I have been arrogant, I have lost money. Because when I'm arrogant, I trully believe that what I don't know is not important."

When you know you are ignorant in a subject, start educating yourself by finding an expert in the field or a book on the subject.
Ignorance isn't a bad thing, if you react to your own ignorance by educating yourself by finding an expert in field

Comments

Post a Comment

Popular posts from this blog

 Loss is painful, guilt can be devastating. Worse than losing one's dream is the knowledge that the loss was self-inflicted. Problems are solutions that have outlived their usefulness. Problems are pattern that were learned in emotional circumstances during one period of life and that now have taken an existence of their own. Many times, outdated solutions replay themselves in a variety of life situations, leaving people mindlessly repeating their mistakes in work, love, and trading. There can be no free will for people who are locked into patterns developed for past challenges. Successful traders are therapists both learn to do what comes unnaturally. The resolution to problems can be found in what people are doing when those problems are not occurring. The problem with many traders is not that they have problems, but that they are focused on their problems. It is this problem focus that prevents them from appreciating what they are doing right, that blinds them to solutions alrea...
Post a Comment
Read more

Three Choices

When we are unhappy and our Life Conditions do not match our Blueprint, we have three choices as to how we’re going to handle the challenge: First Choice: Blame The first choice people have is to assign blame, and there are three things you can blame: a) Event . There’s a story, something that happened, behind why things are the way they are. However accurate the story may be, blaming an event is convenient because it helps preserve an identity designed to shield us from our true fears: fear of failure and fear of not being loved or accepted. b) Others . “I’m in this situation because this person …” Similarly, the story may be true, but it’s convenient and gives you comfort in the moment. “There’s nothing wrong with me. It’s this other person. There’s nothing I need to change.”  c) Yourself . Most people think that this is being responsible, but blaming yourself will not make it better. There’s a difference between responsibility and beating yourself up—between “Here’s a pattern th...
Post a Comment
Read more

Wealth File #15 Rich people have their money work hard for them. Poor people work hard for their money

Working hard is important, but working hard alone will never make you rich. Rich people can spend their days playing and relaxing because they work smart. They understand and use leverage. They employ other people to work for them and their money to work for them. You do have to work hard for money. For rich people, however, this is a temporary situation. For poor people, it's permanent.. Rich people understand that "you" have to work hard until your "money" works hard enough to take your place they understand  the more your money works, the less you will have to work. To win the money game, the goal is to earn enough passive income to pay for your desired lifestyle. In short, you become financially free when your passive income exceeds your expenses. Rich people think long-term. They balance their spending on enjoyment today with investing for freedom tomorrow. Poor people think short-term. They run their lives based on immediate gratifications. To in...
Post a Comment
Read more