ON THE COUCH: Shocking Confessions of a Self-Made Millionaire: MONEY MAKE-OVER: Five Bad $ Habits to Avoid
Everyone wants more money, whether they admit it or not. Some people are ashamed to admit they want more because they think it makes them a bad person. It doesn’t make you bad for wanting to improve the quality of your own or others’ lives! Admit it! Go ahead and say it out loud “I want more money”! Own it! And, if you can’t own the fact that you want more, then the deficit of intention and desire is going to cause a deficit in the amount of financial well-being that you can create.
Yes, belief and intention are a strong part of the wealth creation process and you must have both the belief that you CAN have it and the intention that you WILL have it. But, the most powerful step in wealth creation lies beyond mindset. Positive mindset must move you from thinking to doing the things that support your belief and intention. Otherwise, the disharmony will prevent wealth creation. So, go ahead and master your mind, but then you must mind your habits.
Don’t make a HABIT out of choosing what feels good over what’s actually good for you.”
The mind ignites the mind over matter process, but it’s one’s habits that cause the manifestation of one’s goal.
Here are the Five Common Bad Money Habits to Avoid in Your Quest for Wealth:
1. Lack of Impulse Control: You see it and you must have it. You can’t stop yourself from spending when you’re confronted with that yummy thing even when you know it’s not good for you or your pocket book. Avoid places you know trigger spending on what you can’t afford or the things that don’t assist you in attaining your goals.
2. Not Asking for What You Want: Fear of asking for what you rationally and realistically deserve. Understand your worth, conquer your fear and just do it. Those who don’t ask, don’t get.
3. Putting All Your Eggs in One Basket: Entire Countries have gone bankrupt and banks have gone under. Mitigate potential loss, preserve and grow your wealth by diversifying. Don’t wait until “some day when I ..”.
4. Avoiding Reality: I know it’s easier to be in denial rather than to accept the reality of what you have, don’t have and what needs to be done to get control over your financial situation. But, you must face reality head on and get outside help if you need it. Face the facts and reap the rewards.
5. Harmfully Rewarding yourself: I witness this one all the time. Yes, you’ve worked hard and you’ve just accomplished a goal and you deserve to reward yourself. But, rewarding yourself with something that feels good today, yet causes you a loss tomorrow, is not a reward, it’s self-punishment. A reward isn’t something that hurts your financial or physical health.
Make up your mind to give yourself a money make-over by taking a fearless inventory of your top five bad money habits. Write them down. Next, write down the positive new ones that you commit to replacing them with.
Now, go out and prosper! YOU GOT THIS! If I could do it, you can too.
In Closing My Shocking Confession: I like nice things. Period. It’s in my blood LOL. But, I have great impulse control. I do not indulge in any behavior or bad habit that causes me financial or physical harm. That’s just how I roll. Nowadays that is. But, I wasn’t always this way. Quite the opposite. There were those years before I transformed myself, that I thought it really cool and a sign of success to buy that brand-new Porsche that I couldn’t really afford or score some drugs and go out on a 2 day “celebration” bender when I closed deals. Thank God, I figured out that trading what feels good in the moment for what actually is good for me, is the key to success.