Acey wrote:
You sound like an enlightened version of a friend of mine....I watched her burn out 3 times in succession.....she never had any assets, but was always warning me about property being a bad risk.
Dont you love it when you listen to people that have no assets particularly property and they tell you all the reasons why you shouldnt buy property.?
Successful money makers only take advice from unbiased professionals.
Your identity will affect the way you act and react to certain situations and opportunities, for example, someone with a wealth identity loves the idea of attending seminars and expanding their knowledge. They are of the opinion that if they learn one new thing from the seminar, it is a success.
Conversely, someone with a poverty mindset is likely to tell you a hundred and one good reasons why the seminar is likely to be a rip-off and why you shouldn’t go or why you even bother reading an educational book. Can you see the difference? It is a profound one and it is why it is so important for you to cultivate a wealth identity.
Have you ever been talked out of something that you were going to do by somebody who was a non-professional or unbiased person? Oh, you shouldn’t buy an investment property people, trash them, or don’t invest in the share market – in 1987 I lost a bundle. So we take bad advice and we let that in. That person is trying to bring us down to there level and it rings a bell in our heads that maybe……… they are right. Maybe if I become rich, I’ll lose all my fiends. And yet 2 years later you drive by that same house that you were about to buy for $120,000 and it has a big sign on it that’s FOR SALE - $490,000.
You know the reason why we have all the negative beliefs pop us – its very simple and it is the number one need of the human being is to remain consistent with their identity. If you want that in easier terms it basically means that we have to be right. We as humans beings, cannot afford to be honest with ourselves. You will know that there have been times in your life where you have argued, for example, just because you wanted to be right. You know deep down that you are getting absolutely nowhere, you know that this is not useful, you know its only going to end up in tears, crying and yelling and yet we just have to be right. It is the same thing with your identity. This is subconsciously programmed into your identity. This need to be right. It protects us.
The number one need of the human being is to remain consistent with their identity and that is why we come up with all these negative beliefs because they reinforce that we’re OK. I am only here today, I have only got $10,000 or only got $100,000 or only got $25,000 in credit card debt, but that’s OK because I am right. Can’t possibly be wrong. So all these negative beliefs justify our existing position. All these negative beliefs are to justify our existing position. That is why they are there. However, I presume that there is nobody reading this now that they are just here to learn how to be exactly the same. I presume that everybody here wants to be better off than they were a couple of hours ago.
We have got to start being truly honest with ourselves. And we can no longer accept from ourselves this justifying of our position. We have to get to a position where we give ourselves a swift kick to the head and move ourselves along. And every time we hear one of these things come up we now know that all it is, is a justification of I’m OK. We accept that I’m OK and move on from there.
And last but not least, good money managers are always keen to learn. Remember, the key to wealth is not money, the key to wealth is knowledge. Knowledge is the key to wealth. And of course having a positive mental attitude.
But we must banish the bad thoughts from our heads and banish those who choose to destroy us. I don’t mean to say to your friends – get lost. But we just have to choose not to listen. Say thanks for that opinion, but I have made up own mind and I’m buying that house. I am very happy with my decision, I have researched it well. And every time you say that, what are you doing? You are reinforcing that you’re on the right track. Keep a positive mental attitude but just accept from time to time that you’re going to be wrong and make mistakes. Don’t beat up yourself. It’s going to be learning experiences not failures.
Tomas Edison inventor of the light globe had 750 attempts before he made the light globe. He was asked during the 600th time, why aren’t you giving up? You failed 600 times. His reply was – No, I’m 600 times closer of getting it right. That’s attitude you have to take. Because it’s very easy to get sucked down with the turkeys. There are turkeys everywhere. In every profession, 80% of people are turkeys, and the 20% of them are eagles. It’s the eagles we have to seek out and find. It’s the eagles we have to surround ourselves with.
It’s not going to be an easy journey creating wealth. A successful
person once said, its not because I had more successors than anybody else, it is because I had more failures. It has never bothered me for what has happened to me because I have taken action but most people when they fail they give up.
