The primary reason for financial problems in life is lack of self discipline, self mastery, and self control. It is the inability to delay gratification in the short term. It is the tendency for people to spend everything they earn and a little more besides, usually supplemented by loans and credit card debt. Today, the savings rate in America is too low to achieve financial independence. After a lifetime of work, the average American family has a 200 net worth of only about $8,000. People continue to spend and borrow as if there is no tomorrow.
The good news is that we are living in the most affluent time in all of human history. There are more opportunities to achieve wealth and prosperity today, for more people, in more different ways, than have ever existed in the history of man. It has never been more possible for you to achieve financial independence than right now. But you must make a resolution to do it, and then follow through on your resolution.
Use Self Discipline To Rewire Your Responses About Money
The starting point of achieving financial independence is to for you use self discipline to rewire your attitude towards money. You reach into your subconscious mind and disconnect the wire linking “spending” and “happiness.” You then reconnect that “happiness” wire to the “saving and investing” wire.
To reinforce this shift in thinking, and eliminate financial problems open up a “financial freedom account” at your local bank. This is the account in which you deposit money for the long term. Once your money goes into this account, you resolve that you will never spend it on anything except to achieve financial freedom.
Associate Happiness With Financial Independence
When you begin saving in this way, something miraculous happens within you. You start to feel happy about the idea of having money in the bank. Even if you only open your account with $10, this action gives you a feeling of greater self-control and personal power. You feel happier about yourself.
Because the money in your account is emotionalized by your own thoughts and feelings, it sets up a force field of energy that begins to attract more money into it. If you save $10 a month for a year, you will be astonished to find that with the extra bits of money that you have put into that account, you will probably have more than $200, rather than just $120. If you save $100 per month, you will probably have more than $2,000.
The more money you have in your bank account, the more energy it generates and the more money is attracted into your life. You have heard it said that, “It takes money to make money.” This is true. As you begin to save and accumulate money, the universe begins to direct more and more money towards you, to save and accumulate.
Everyone who has ever practiced this principle of regular saving is absolutely astonished at how quickly their financial problems change for the better.
The rule for financial independence, once you have rewired your attitude toward money, is to “Pay yourself first.” Most people save whatever is left over after their monthly expenses, if there is anything left over. The key however is to pay yourself first, off the top, of every amount of money you receive.
Download My Bankrupt to Abundance eBook here:
———Connect With Brandon————
Brandon on Social Media:
Thank you for watching this video—Please Share it and get the word out!
Watch my Morning Motivation playlist
Watch my Network Marketing Training playlist
👇 SUBSCRIBE TO BRANDON’S YOUTUBE CHANNEL NOW 👇
#mastermindwithbrandon
#mastermindbrandonboyd
#morningmotivation
0 Comments