WEALTH FILES # 1

This is a sequel to my previous post about Psychology of Money which you can read here. I'd like to talk about the THE PSYCHOLOGY OF MONEY as most people do not have any idea that there is one. I have not been informed myself even if I graduated BS Psychology back in College, until I have read many motivational and financial literacy books.

It is also hitting two birds in one stone, when I'm trying to post a content that is something I'm of interest. Blogging about financial literacy makes me re-learned what I have read some few years or months back. I read somewhere that one should be able to read a book at least 10 times to be able to retain the information.

Most people think they’re going to listen to something one time and change. But the problem is that the subconscious mind doesn’t work that way. There are so many things competing for the attention of your subconscious mind. It’s only when you listen to something over and over that it manages to cut through the noise and your subconscious realizes “this is important.”

So, blogging it this way adds up to the number of times I have read the book, which in fact helps me to gain better retention of what I've read.

The Wealth Files, is one of the chapters in the book of T.Harv Eker , the author of the Best Selling Book Secrets of the Millionaire Mind . In this chapter, he enumerated the Seventeen ways Rich People Think and Act Differently from Poor and Middle Class People. But for the purpose of this blog, I would like to limit it to one wealth files a day or every other day. One wealth file is enough to blog and enough for anyone to ponder on.

WEALTH FILES #1

image source

If you want to create wealth, it is imperative that you believe that you are at the steering wheel of your life, especially your financial life. If you don't believe this, then you must inherently believe that you have little or no control over your life, and therefore you have little or no control over your financial success. That is not the rich attitude.

Many people put their faith in game of chances like the lottery, usually the poor people. They believe that winning the lottery is the only way to become rich and successful in life. Rich people sometimes play these games but they do not rely on these things to make them successful in life. One has to have faith in himself that he carries the torch to victory. We are the ones who creates our mediocrity, and the one creating the struggle around money and success, consciously and unconsciously.

Many people tend to have a Victim Mentality, they blame a lot of factors for their misfortunes. They often feel "Poor Me" about themselves, so by law of Attraction they are getting what they wanted. There is always a Blame game.many people blame the government, the school, the church, their families, their upbringing, their culture, their friends but themselves. When asked "Why do you think you are poor?" most likely answer is "because my family is poor". Given this logic, we have seen a lot of poorest of the poor men and women who climbed their way to the top. One of the best example here in the Philippines is the "Mall Magnate", Henry Sy. He came from China, where his family is also living poor life there. From a simple boy selling anything on the streets of Quiapo, Manila, he has built one of the biggest mall in Asia and the World.

Another Victim mentality is "justifying". If they are not blaming, they are jutifying. How do they justify their situation? By saying that" Money is not important". I love what T. harv Eker said, most people who justify their situation by saying this are broke. He said " Would you have a motorcycle if it wasn't important to you?" Of course, not! "Would you have a pet parrot if it's not important to you?" Of course not! In the same way, if you think money is not important, you wouldn't have any.

The Third and Last Victim Mentality is Complaining. In the Universal Law of Attraction, "like attracts like", so if you are complaining about something in your life, you are likely to attract what you often think.

One of the challenges he pose in the book is for the next seven days, we have to challenge ourselves to not complain at all. Not just out loud, but in our heads as well. But it needs to be done for full seven days, because in the first few days, we might still have some "residual crap", coming from before.

Unfortunately, crap doesn't travel in the speed of light, it travels at the speed of crap, so it might take a while to clear up.

So, do you think you are ready for this challenge? I'm bracing myself now. I know it's gonna be hard but I think it's worth the try. Well, if we finished it for seven days we have unlocked a gem- that is the starting point in controlling our mind.

Source :Rao, Srinivas, (2006 August 11). The Hidden Benefits of Reading a Book. retrieved from https://medium.com/the-mission/the-hidden-benefits-of-reading-a-book-more-than-once-b0f68d0662ce
Eker, T. Harv. (2005) The Secrets of the Millionaire Mind. New York. HarperCollins Publisher