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Sunday, September 20, 2009

Mindset to Financial Freedom


My greatest challenge has been to change the mindset of people. Mindsets play strange tricks on us. We see things the way our minds have instructed our eyes to see. ~ Muhammad Yunus

While you're saving your hard-earned cash & building up your reserves, perhaps also clearing your debts too, lets turn our attention to something we can work on together while waiting for your savings to grow substantially.

As Muhammad Yunus realized, mindset is extremely important in how we perceive things to be. For example, if you grew up not liking the colour green, chances are you'd be fussy with your vegetables. Or, if you had a bad fright in a plane due to the horrible turbulence you experienced when you were a child, chances are you'd still feel this unreasonable aversion to flying every time you go for a trip. As you can see, the mind has a tendency to develop biasness due to the experiences we gather during our childhood development. Fear of insects, snakes, cats and/or dogs or distrust of foreigners, people of authority, etc. can mostly be traced back to bad childhood experiences.

My mother, for one, used to be terrified of swimming because she nearly drowned as a child in the sea. So for the great portion of her years she used to cling to the edge of the swimming pool or to my dad (who used to grumble or tease her about it heh). However, one day she decided to overcome her fear. She first started forcing herself to be comfortable in the water without holding onto the edge. Later she ventured into wading around and in a couple of months was swimming the breath of the pool. She never let her head go underwater though but the distance she's come & the achievement she's gained, is impressive. How did she achieve this feat? Simply put, she had a change of mindset.

Similarly, if you want to become financially free and/or rich, your mindset needs tweaking. A lot of times people say they want to get rich, even attempt to get rich, but their mind is not ready to get rich and so these people fall by the roadside frustrated & stop trying eventually. Therefore before the person can become rich, the mind has to become rich & think rich first. Only then can you change your attitude and attain the level of richness you sought.

Simply put:
Mindset leads to Thoughts which leads to Feelings which leads to Attitude which leads to Actions which leads to Results/Outcome

In the next couple of posts, I will expound on how to prepare your mind in order for you to attain that financial freedom you deserve.

Till then, keep saving!

Cheers,
~K

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