What is the Secret Behind the “Money Mindset”?
- Mahaa Amer Khan
- Oct 29, 2018
- 3 min read
We are a part of this rat race and its not just our generation this has been the way of life since decades.
You grow up seeing your dad struggling to earn money, going out everyday to make money & once he is back home you get to listen to stories about how he doesn't get paid well for the amount of work he does, how his salary is not paid on time and a lot more.
If your dad is a businessman you must have heard of struggles regarding bringing in business.
We grow up to go through the same struggle. Some of us are able to accomplish our dreams at the age we want whereas, some of us or most of us keep working hard for our dreams and the dreams of our families and die without getting any of those dreams accomplished.
The main and the most common issue is
Liabilities > Assets & Income
So what is that differentiates Us from people who slow and steady win the race?
How are they able to accomplish their dreams?
When they were one of our batch-mates in university. They had the exact same issues as us. What makes them more successful in terms of their earnings and net worth?
These are some of the aspects a Rich and Successful Person will Never Tell you especially Number 2 (FINANCIAL LITERACY)
1) Mentality
We grow up listening to these phrases that I have mentioned below.
" Study hard to get a job"
"OUR HOUSE AND CAR ARE OUR ASSETS"
I agree you need to study well but, studying is not the only requirement that will help you earn money. You do need a job to start working towards your dreams but, it is a milestone NOT THE FINAL DESTINATION.Today so many toppers of different universities are Jobless why? Because of their mentality. They have done Masters and PHD from the best universities but, the issue is with the mentality. STRESS & COMPETITION are a part of that Mentality.
2) Understanding of Money (Financial Literacy)
What is Financial Literacy? This is about how you see money. If your dreams are dependent on making money then you are doing something wrong.
It is one of the main resources to help you accomplish your dreams but, ITS NOT THE ONLY aspect of it.
3) Perseverance with Ease
Keep working towards your dream but, dont be too hard on yourself.
4) Reach A point where Money works for you instead of you working for Money
I have read stories of these great businessmen who own empire of businesses and their accomplishment is not only that their net worth is huge but, it is also because now people work for them while they can stay and chill at home.
So you need to start with hardwork initially but, later you need to reach a point where your money works for you.
5) Know how to retain and grow
Many people were able to build empire of money but, soon lost it since their mentality towards Money didnt help them prioritize how to spend the money.
I am not an expert but, I have been able to write this blog down after talking to a couple of experienced businessmen.
Also I would highly recommend each one of you to read books on Financial Stability, Financial Growth and how to change your mentality about Money.
Email me @ makwritesblogs@gmail.com your suggestions
Follow my Instagram page MAHAA AMER KHAN
Follow My Blog @ https://makwritesblogs.blogspot.com/
Comments