For my second part, i am going to share with you the methods that i used to shift my relationship with money as i believe that it’s crucial to have positive attitude towards money if we want to have a great income and be financially free.
First of all, we must tell ourselves that there is always money out there to be earned. Importantly, we need to also do something first – ask ourselves this question: “How do I earn EXTRA money?” Once this question has been asked, it will be natural for us to find the answer. This type of question is what we call a “primary question”. Eg: If you realised that you are the ‘happy go lucky’ type of person, you can examine yourselves to see if your primary question is it ‘How to make myself happy’ . Or if you are the ambitious kind of guy, the possible primary question can be ‘ How do i achieve success in the future’.
Human actions are often directed by what we think and how we think is formed by what we ask ourselves. Therefore if you ask the right question then you will react and think accordingly. Do take a moment right now to reflect on the primary question that you ask yourself daily. From there, you may be able discover the reason for your financial status now. This is because the way you lead your life and the choices that dictate your actions are based on the question that you ask yourself.
Next is to make money your best friend. Protect your money! Don’t let it slip away from you easily by outside temptations. Many of us will treat our good friend nicely and making sure that they can get the best deals out of town. In fact, we will not take them for granted and will spend quality time with them to create memorable experience. Imagine you can do the same thing with money. You take good care of your dollar and make sure every time you spend it, you can get the best of it. Eg: Is it possible to get the same satisfaction or fufil the needs by buying a cheaper products? If yes, why not go for the cheaper alternative! Also invest only on things that are possible to increase in value, not lossing money from the moment you buy it. Eg: Buying a house. If you do this, i’m pretty sure you can grow your money pretty fast. Most importantly, you will not be ‘abusing’ it by spending on unnecessary items.
Lastly you need to know what is your intention with the money that you are going to have. What are your beliefs around money? You see, all these little intricacies help determine whether a person can hold on to money or not. To put it simply, their habits, beliefs, and thought patterns around money will determine their financial wealth. Makes perfect sense doesn’t it?
Two perfect examples of this are Mike Tyson, and Michael Jackson. Both accumulated much wealth by being great at something. But yet at the end of the day, they both went broke!
With the right intention in mind, your mindset towards handling money will be totally different. You will be more cautious towards spending it. Imagine your intention is to have earned enough to provide your son/sibling for education, do you think you use it to buy things or invest without doing prior research?
In summary, you need to ask the RIGHT primary question and to MAKE the dollar your best friend and lastly POSSESS the correct intention of accumulating your wealth from the begining.
With these in mind, you are already starting to have a more positive mindset towards money. Just my two cent worth of thought. Hope it is useful to you!