Money Beliefs - Write Them Down To Start Making a Change
Beliefs about Money: Your unspoken beliefs and assumptions about money shape and influence every financial decision you make.
Without examining them, you run the risk of unconscious decisionmaking and that is generally not a good thing.
We are conditioned to act in ways that are not productive.
Changing those beliefs then is important and they begin with getting them out of your head and on to paper.
Here is a list I am currently working with as I look inside my own head.
(1) Money as an idea: Money is not an object or a "good vs.
evil" thing.
It merely is energy that represents capacity for action at some point.
You can trade it for activity or things, or use it to generate more money.
Money is what you spend it on and how you treat it.
You don't own money, although you can let it own you if you are not careful.
If you do not develop sound habits for handling money it will go away and not return until you change your ways.
(2) Money dynamics: Money cannot remain static.
It must remain in motion to grow.
It will seek out good ideas to see if the idea will help it grow.
The better an idea is, the more and faster money will flow to it and the longer it will stay.
Money clustered around a good idea will attract other money.
Money will leave an idea that turns bad or is without substance.
(3) Crisis = Danger & Opportunity: There is inherent risk in investing in the same way that there is risk in handling electricity.
The opportunities provided by knowledge, discipline and a system can overcome the crisis of fear, ignorance and greed.
(4) Price is the market's language: The market reinvents itself with every trade.
It is the sum total of all transactions, thoughts, emotions, opinions and beliefs of all market participants at any given time.
It is beyond the capacity of any 1 person or computer to fathom.
It is not knowable, but it does communicate to us through price.
The last price IS the market, everything else is opinion and predictions.
Prices are your only facts.
(5) Parent/child relationship of the Investor/Market: Just as a parent chooses how to interact with his children, so too can you decide how you will interact with the market.
If you shout and scream and try to control you may have some short-term success but you will not be happy or prosperous in the long run.
If you are quiet and grow and learn and study together, you have the opportunity to develop a long and fruitful relationship with the market.
There will be good times and bad.
Take joy in the good times and learn how to recognize and protect each other from the bad.
Learn as you go.
Consider these ideas.
Some may resonate with you.
Do the inner work, though, of unpacking your beliefs about money as a start point on the road to financial freedom.
Figure out where those beliefs come from, whose voice is telling you that they are true and then you can begin to shape your financial future.
Without examining them, you run the risk of unconscious decisionmaking and that is generally not a good thing.
We are conditioned to act in ways that are not productive.
Changing those beliefs then is important and they begin with getting them out of your head and on to paper.
Here is a list I am currently working with as I look inside my own head.
(1) Money as an idea: Money is not an object or a "good vs.
evil" thing.
It merely is energy that represents capacity for action at some point.
You can trade it for activity or things, or use it to generate more money.
Money is what you spend it on and how you treat it.
You don't own money, although you can let it own you if you are not careful.
If you do not develop sound habits for handling money it will go away and not return until you change your ways.
(2) Money dynamics: Money cannot remain static.
It must remain in motion to grow.
It will seek out good ideas to see if the idea will help it grow.
The better an idea is, the more and faster money will flow to it and the longer it will stay.
Money clustered around a good idea will attract other money.
Money will leave an idea that turns bad or is without substance.
(3) Crisis = Danger & Opportunity: There is inherent risk in investing in the same way that there is risk in handling electricity.
The opportunities provided by knowledge, discipline and a system can overcome the crisis of fear, ignorance and greed.
(4) Price is the market's language: The market reinvents itself with every trade.
It is the sum total of all transactions, thoughts, emotions, opinions and beliefs of all market participants at any given time.
It is beyond the capacity of any 1 person or computer to fathom.
It is not knowable, but it does communicate to us through price.
The last price IS the market, everything else is opinion and predictions.
Prices are your only facts.
(5) Parent/child relationship of the Investor/Market: Just as a parent chooses how to interact with his children, so too can you decide how you will interact with the market.
If you shout and scream and try to control you may have some short-term success but you will not be happy or prosperous in the long run.
If you are quiet and grow and learn and study together, you have the opportunity to develop a long and fruitful relationship with the market.
There will be good times and bad.
Take joy in the good times and learn how to recognize and protect each other from the bad.
Learn as you go.
Consider these ideas.
Some may resonate with you.
Do the inner work, though, of unpacking your beliefs about money as a start point on the road to financial freedom.
Figure out where those beliefs come from, whose voice is telling you that they are true and then you can begin to shape your financial future.
Source...