How to Think Differently So You Can be Rich | Buffini Podcast
Money is a hugely emotional issue for many people. Technically it might be just paper, but it can cause stress, division and anxiety from your early childhood right through to your professional adult life and beyond. Often, the main problem is mindset – that’s why the only way to fix your money issues is to first fix your thinking about it.
Lack of focus
Og Mandino once said, “It is those who concentrate on but one thing at a time who will advance in this world.” There’s no denying that it’s very difficult to focus on one thing at a time, especially in today’s distracted and often chaotic world, but you have to fight to do just that if you want to take control and be in charge of your finances. You don’t have to spend every waking hour thinking about your money, but you do have to devote some time to checking in on it. Don’t just bury your head in the sand! As a start, block off some dedicated time every week to assess how your budget is faring and then, once a quarter, check in on your investments.
Short-term decisions
It’s far too easy to waste money on things you don’t need. Spend an extra $13.70 a day on coffees and the like and you can waste $5000 a year. As Zig Ziglar used to say, termites cause more damage than hurricanes. The fact of the matter is, short-term thinking damages long-term success.You can live the good life, but sometimes that means having to be a little more creative when it comes to your spending. It’s absolutely possible to have fun, bless your family and give meaningful gifts while staying on track and in budget. With a little creativity, you can save money without compromising on the quality of life.
Overwhelm
Many people feel completely overwhelmed when it comes to money. They believe they’re no good at managing their finances and they never will be, or they have a sense of dread and hopelessness that they’ll always be in debt. It doesn’t have to be this way! First, recognize the symptoms of inadequate thinking and then take steps to remedy that. Listen to the latest episode of “It’s a Good Life” for more tips on building a fortune and living the good life!
