THE MAJOR OBSTACLE TO FINANCIAL SUCCESS – Post 506

money-attitudeTHE MAJOR OBSTACLE TO FINANCIAL SUCCESS – By Brian Tracy

The major mental obstacle to financial success is that some people believe that they don’t really deserve to be rich.

THE BIGGEST DEMOTIVATOR OF ALL

They have been raised with a steady drumbeat of destructive criticism, as I was, that has led them to conclude, at an unconscious level that they don’t really deserve to be successful and happy. The worst effect of negative experiences in childhood, which are all too common, is that when people actually do succeed as the result of hard,  they feel guilty. These guilt feelings then cause them to do things to get rid of the money, to throw it away. They spend it or invest it foolishly. They lend it, lose it or give it away. They engage in self-sabotage, in the form of overeating, excessive drinking, drug usage, and marital infidelity and often dramatic personality changes. To change your results with money, you have to change your attitude toward it.

TREAT MONEY WITH CARE AD ATTENTION

The fact is that money is very much like a lover. It must be courted and coaxed and flattered and treated with care and attention. It gravitates toward people who respect it and value it and are capable of doing worthwhile things with it. It flows through the fingers and flees from people who do not understand it, or who not take proper care of it.

BECOME SKILLED WITH MONEY

Sometimes people say that they are not very good with money. But being good with money is a skill that anyone can learn through practice. Usually, saying that one is not very good with money is merely an excuse or a rationalization for the fact that the person is not very successful or disciplined with money. The person has not learned how to acquire it or to hold on to it.

BE A NO-LIMIT THINKER

The starting point of accumulating money is for you to believe that you have an unlimited capacity to obtain all the money that you will ever need. Look upon yourself as a financial success just waiting for a place to happen. And see yourself as deserving all you can honestly acquire.

OPEN ANY DOOR

Money is good. Money gives you choices and enables you to live your life the way you want to live it. Money opens doors for you that would have been closed in its absence. But just like anything, an obsession can be hurtful. If a person becomes so preoccupied with money that he loses sight of the fact that money is merely a tool that is to be used to acquire happiness, then money becomes a harmful thing.

MONEY IS NEUTRAL

The Bible says, “The love of money is the root of all evil.” It doesn’t say, “Money is the root of all evil.” It says, “The love of money is the root of all evil.” It is the preoccupation with money, to the exclusion to of the really important things in life that is the problem, not the money itself. Money is essential to our lives in society. It is also neutral. It is neither good nor bad. It is only the way that it is acquired and the uses to which it is put that determines whether it is helpful or hurtful.

ACTION EXERCISES

First, recognize and accept that virtually everyone who has money today at one time was broke and probably broke for a long time. Then they learned the skills of accumulating money and they are now financially independent. Whatever they have done, you can probably do as well.

Second, become a student of money from this day forward. Study it, learn about it and apply the lessons you discover toward your own financial life until you begin to attract more and more money in your direction.

 

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Success is About Self Education – Post 487

We’re taught all of our life to go to school, get a good education, go to work for a good company. The reality is that that’s not how you create wealth.

 


It’s about self education.

Jim Rohn once said, “Formal education will make you a living. If you become self educated you can create a fortune.”


Over the years I have attend a lot of different seminars. I’ve met a lot different people that have done extremely well and have become financially independent in different niches in all types of different markets and the only thing they have in common is that they became personally educated and not just formally educated.


Over the past year I’ve met more than a dozen people that we’re all making over $1,000,000 and I was just trying to define, what’s the common denominator? 


Here’s what I think the number one thing in common was. The people that made it had reasons for making it. Strong driving reasons. But the other thing that I found just as fascinating was that of the ones that had a college degree, none of them were making their fortune in the field that they had studied in college.


Whether they went to school or not, every one of them realized that you have to do something different. You have to pay a price maybe, that society doesn’t tell you that you have to pay. 


There’s a lot of people that go to school, get a good education, go to work for a good company and they have this attitude of entitlement. “I did what society told me to do now I’m entitled to make a good living and where’s my money?” 


That was me. I worked my tale of to put myself through college to become a pharmacist. That was my attitude afterward. It wasn’t until I lost it and was not able to find permanent employment for two years that I realized that success, financial freedom, was up to me and not to my job or my degree.


I’ve heard it said that all the “A” student’s end up working for the “C” students and it’s really true. Over my lifetime the people who have had the most success hired people to work for them that were all sharper than they were. The people that they hired all had skill sets that they didn’t have themselves. They hired a lot of people, highly intelligent people to work for them. Really highly intelligent people that were “A” student’s who ended up working for them.


During the world war, a Chicago newspaper published certain editorials in which, among other statements, said Henry Ford was “an ignorant pacifist.” Mr. Ford objected to the statements, and sued the paper for libeling him. When the suit was tried in the Courts, the attorneys for the paper placed Mr. Ford, himself, on the witness stand so he could prove to the jury that he was ignorant. The attorneys asked Mr. Ford many questions, all of them intended to prove, by Mr Ford’s own words, that, while he might have considerable specialized knowledge relating to manufacturing automobiles, overall he was ignorant.


He was asked questions like, “Who was Benedict Arnold?” and “How many soldiers did the British send over to America to put down the Rebellion of 1776?” 


In answer to the last question, Mr. Ford replied, “I do not know the exact number of soldiers the British sent over, but I have heard that it was a considerably larger number than ever went back to England.”


Finally, Mr. Ford got tired of the questions, and in reply to a particularly offensive question, he leaned over, pointed his finger at the lawyer who had asked the question, and said, “If I should really WANT to answer the foolish question you have just asked, or any of the other questions you have been asking me, let me remind you that I have a row of electric push-buttons on my desk, and by pushing the right button, I can summon to my aid men who can answer ANY question I desire. Now, will you kindly tell me, WHY I should clutter up my mind with general knowledge, for the purpose of being able to answer questions, when I have men around me who can supply any knowledge I require?”


There’s a lot of good logic in that reply.


That answer floored the lawyer. Every person in the courtroom realized it was not the answer of an ignorant man. Any man is educated who knows where to get knowledge when he needs it, and how to organize that knowledge into definite plans of action. 


Through the assistance of his “Master Mind” group, Henry Ford had at his command, all the specialized knowledge he needed to enable him to become one of the wealthiest men in America. It was not essential that he had this knowledge in his own mind. 


I don’t care what society has told you. Formal education makes you a living. If you become self educated in the right industry at the right time you can create a fortune. 


You can create a fortune here and it’s not difficult. Just do simple things over and over and over and over and teach others to do the same.


I ask you, “do you want to fail or do you want to succeed?”