ON THE COUCH: Shocking Confessions of a Self-Made Millionaire: MONEY MAKE-OVER: Five Bad $ Habits to Avoid

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.”
Eric Thomas

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.

ON THE COUCH: Shocking Confessions of a Self-Made Millionaire: The Warrior’s 5 Ways to Wealth

ON THE COUCH: Shocking Confessions of a Self-Made Millionaire: The Warrior’s 5 Ways to Wealth

The word “warrior” is a strong word and appropriately so. A warrior is a strong person. One who has earned the title because they’ve exhibited a sustained endurance in the fight to protect their values, beliefs and ideals. A warrior lives their life with honor, integrity and an unwavering commitment to Truth.

I bet you’re thinking “Wow, that all sounds really heavy! What’s that got to do with wealth creation?”  Here’s the answer. A master maker of riches is a person who has learned that their mindset and how they manage their mind is their biggest asset in wealth creation. A mindset that is married to Truth in all things is the mindset that can effectively cut through denial, illusion, ego, competition, challenges, set-backs, fluctuating global conditions and negativity.

In a nutshell, they are master makers of riches because they are master warriors.

“The master warrior is a man of character, a man of wisdom and insight.” Forrest E. Morgan

A master warrior knows that an unwavering commitment to Truth is what allows them to remain, sustain and grow their personal wealth at all levels of human existence.

Here are the Warrior’s 5 Ways to Wealth:

  1. Stay true to yourself no matter what. Wealth warriors do not allow criticism, judgement, fear and success to overtake them to the point they lose themselves, their values or morality.
  2. Be unafraid to challenge the status quo. Warriors see the status quo as limiting and representative of complacency. They continuously seek new ways to innovate, stretch the boundaries of human potential and are unafraid to promote change.
  3. Value allocation versus accumulation. Smart allocation of resources is what multiplies and strengthens wealth and accumulation is what decreases and weakens wealth. A habit of accumulation is a mindset of fear which does not provide expansive behavior leading to expansive wealth.
  4. Burning desire to improve humanity’s daily quality of life. The goods or services being promoted and sold are created with the primary goal to improve lives.
  5. Know when to rest, but never quit growing. An unrelenting drive to positively expand self, worldview and provide solutions. Periods of rest to prevent burn-out, brain-drain and provide optimal mental, physical, spiritual and intellectual endurance necessary for continued expansion.

The above fabulous five all have one thing in common. Fearlessness. Wealth warriors feel the fear and go ahead and take action anyway. It’s normal and ok to feel fear. We all do. What’s not productive is to allow fear to rule you, rather than you rule your fear.

In closing my shocking confession: I had a big presentation to give to major Hollywood insiders. I was NOT an insider. I was an outsider, but I had something that they wanted—money. They had something I wanted—an inspiring, hot property. As I presented my financial model and deal structure that would be acceptable to my investors, I witnessed shocked faces all around. I paused and asked “Why the surprise?” The reply was “Well, that just not ok. That’s not how it’s done here in Hollywood.” I simply said, “Why not?” The reply after a long pause was “Well, it’s just never been done that way before.” I had to advise them that if they wanted the funding that’s how it would need to be done. And, guess what?  They agreed to the deal! You see, this was at a time when the hedge funds pulled their capital out of Hollywood. By challenging the status quo, we were able to provide a win-win solution to expanding growth on all sides of the equation. BTW, the “hot property” was a film based upon the inspiring true story of one man’s rise to fame, loss of self, and journey to self-redemption.