Summary
- If you believe money is scarce, it will feel hard to get. This mindset makes you afraid to invest in things that can help you earn more, like education, conferences, health, software, or important hires.
- If you see money as abundant and easy to obtain, you'll find it easier to earn more.
- Spend lavishly on what brings you joy and cut back ruthlessly on what doesn’t matter to you. For example, enjoy amazing food if that's your passion, but if clothes don’t matter, stick to a simple wardrobe.
- Motivating yourself by investing in what you love can enhance your happiness and financial success.
Video
How To Take Action
I would suggest implementing a positive mindset around money. Start seeing money as something that is plentiful and within reach. This mindset change can help you feel more comfortable investing in areas that will grow your business or yourself, such as taking online courses or attending webinars. These can often be low-cost and high-value investments in your education and skills.
A good way of doing this is to identify what brings you the most joy and fulfillment. If you love great food, then allow yourself to indulge in wonderful dining experiences. On the flip side, if you don't care much for fashion, simplify your wardrobe. This approach allows more resources, like time and money, to focus on what truly matters to you or your business.
For entrepreneurs, consider investing time in health and productivity tools. There are many free or low-cost apps and resources that can significantly boost your effectiveness. This not only improves your personal well-being but can also increase your business success.
Lastly, motivate yourself by aligning your spending with your values. Focus on what truly makes you happy and cuts down on things that do not. This will allow you to conserve resources that can be better used for growth and improvement opportunities you are passionate about.
Full Transcript
if your money story is that money is a scarce thing and it's hard to get guess what it will be hard to get that's because you're going to be afraid to invest in things that make you more money like educating yourself with courses and books going to conferences and making sure you're healthy or investing in the software or key hire that's going to help increase your effective hourly rate but if your money story is that it's abundant and easy to get it's going to come easily another framework that I like to use when it comes to personal expenses is from remit sey spend extravagantly on things you love and cut mercilessly on things you don't if you love food then go nuts motivate yourself by giving yourself the best Foody life you can live and if you couldn't give a poop about clothes Go full Steve Jobs and wear the same thing every day thanks for watching and remember to subscribe for more videos just like this one
