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"It’s Your Life, It’s Your Choice, So Become Money Wise" ‪

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Basics needed to understand Wealth Files

Before we begin to discuss on what the wealth files are, I request you to re visit all the blogs which I have posted earlier. All the time I have posted that, everything begins with your thoughts – which are produced by your mind. It is very amazing that our mind is pretty much basis for our life and yet most of us don’t know how this powerful apparatus functions?

So let’s take a look at how your mind works. Basically mind is nothing more than a big file cabinet. Just similar to what you would find in your office or at home. All information comes in is labeled and filed in folders so that it’s easy to retrieve to help you survive. It is very clearly said here that, information is used just to survive.

In every situation you go to the files in your mind to determine how you respond. Just for example, you are considering an opportunity in the area of real estate. Immediately you sense the opportunity, you will go to your mind where the related information on real estate is stored. Based on the information which is stored in your mind you take a decision. Thus it is always said that, “You can only do what you know and when you know more you do more”

You decide based on what you believe is logical, sensible and appropriate for you at that point of time. You make what you think is right choice. But the problem is that the right choice you make is not a successful choice. In fact what makes a perfect sense to you may consistently produce perfectly poor result.

If you analyze this very closely, you all do whatever you know. This in turn becomes your habit. Most people understand we are creatures of habit, but they don’t realize that there are two types of habits; doing habits and not-doing habits. Everything you are “Not Doing” right now, you are in habit of “Not Doing”.

The only way to change these not-doing habits is into doing habits is to do them. I will be posing 17 different doing habits in my future blogs. During all these blogs I will be writing on mentality of rich, poor and middle class person. This will specifically clarify you on how different people think and act rather than the actual amount of money they have got.

Stay connected for first wealth file:

Rich people believe “I create my life.” Most others believe “Life happens to me.”

What is your financial blueprint set for?

You must be wondering by now that, what is financial blueprint is all about and how does it really affect you. What is your current money and success blue print? Are you set for success, mediocrity or financial failure? Are you set for working hard for your money or working in balance?

Just try and observe around and also the thought process you carry for these years. Did you hear people saying that “Luck is not favoring me since my childhood? Whatever I do I suffer loss.” Just try and analyze following few questions.

1. Are you set for picking winning investments or picking losers?
2. Are you programmed for saving money or spending money?
3. Are you programmed for managing money well or mismanaging it?

If you observe very closely, people with same traits always come together. We know one proverb. Birds with same feather flock together. SO it is very clear that, “Your financial blueprint will determine your financial life and even your personal life.”

Let me give you an example. If you are women whose financial blue print is set for LOW, big chances are you will attract a man who is set for LOW so you can stay in your financial “Comfort Zone” and validate your blueprint. Similarly; if you are a man who is set for low, chances are you will attract a women who is spender and get rid of all your money, so you can stay in your financial “Comfort Zone” and validate your blueprint.

 

Most people believe the success of their business is primarily dependent on their business skills and knowledge or at least timing of the market place. Here I completely disagree with this thought process. How well your business does is a result of your money blueprint. You will always validate your blueprint. If you have set your blueprint for Rs. 10,00,000/- a year, that’s exactly how the business will do enough the earn the desired amount. And vice a versa if you have set your blueprint for Rs. 100,00,000/- a year you will definitely reach the desired figure just because of your set Financial Blue print.

So let’s try and understand what your money blueprint set is for? One obvious way to look for the results you have achieved so far.

• Look at your bank account.
• Look at your income.
• Look at your net worth.
• Look at your success with investments.
• Look at your whether you are spender or saver.
• Look at your relationships that involve money.

Is the money a struggle or does it come to your easily? Do you stick to one business OR job for a long OR do you jump around a lot?

If you analyze all these questions and have received answers for them, you will realize that these are just the result of the thought process you have been carrying for all these years. All these negative or positive thoughts do not live in your head rent free. Each though will either move you towards happiness or success OR away from it. That is why it is very important you choose your thoughts and beliefs very wisely.

To choose all these positive thoughts about Money, you must understand “How do rich people think and act?”

So my dear blog readers; if you want to understand the exact thought process to become rich and change your financial life forever, please stay connected for all 17 main wealth principles which we will post on our blog in due course of time.

Cheers for your journey towards “Complete Financial freedom”

“Specific Incidents”

The Third primary way in which we are conditioned is by specific incidents. What you have experienced when you were young around money, wealth and rich people? These experiences are very important because they shape the beliefs you live with.

Let me give you an example. You all know film industry. You have/ been watching Hindi films right from your childhood. Just try and analyze. What is the message given in most of the films? It is always presumed that; Hero of any film has to be good person. He is good by heart and is very care taking person. The villain of the film is most notorious person and is having all possible bad habits. 

But, the main difference shown is that “As hero is good person – He is always shown as a poor person. He does not have money with him” as against this “villain is rich person and enjoying all possible good life style”.

This is not the end, in 100% of the films; Villain who is having money and is rich enough is defeated by a hero who is poor and a good guy.

Every individual has a tendency to show that he is good person. And these incidences are so ingrained in our mind that “To be a good person, you have to be poor.” If you become rich person; you always have the feeling that the entire society will call you a villain. So, most people prefer to be a poor rather than calling them self a villain. 

Statistics show that number one cause of all relationship breakups is money. If you understand very closely; biggest reason for all these fight is not just money but the money psychology you have regarding money. The money psychology we discuss is named as “Financial Blueprint”

Stay tuned for our next blog on – What is your financial blueprint set for?

Modeling

The second way we are conditioned is called as Modeling.

Well from past years of your life, you must have believed and implemented what you have seen with your eyes. In short; we believe and implement what we see. As kids, we learn just about everything from modeling.

Just try and think; what were your parents like in the arena of money when you were growing up? Were they managing money well or they mismanaged it? Were they shrewd investors or non investors? What was type of money flow they have, continuous or sporadic? Was money a source of joy in your house or the cause of bitter argument? I request you to analyze your own money beliefs which you have with you now. I guarantee most of us have deep rooted the same beliefs which are gifted to us while you were kid. And believe me;

it’s not just about money. It is true for every part of your life. Because one of the old saying says “every fruit doesn’t fall too far from the tree”.

Let us take an example of how modeling affects us. We have a ritual of breaking a coconut. I have observed some people break the coconut with top on front and some people with base of coconut on front. I was just wondering, why this two different type of coconut breaking. I analyzed by pattern of breaking a coconut. I used to keep top on the front. While I analyzed, there is no specific reason, but I have seen my parents doing in the similar pattern and carrying this habit for all these years.

The point is that generally speaking, we tend to be identical to one or a combination of our parents in the arena of money.

For example, my father was an entrepreneur and used to run a foundry. He used to do job work for one of renowned automobile company. General trend in the automobile industry is that for every cycle of 5 years there used to be a recession. During every recession there was no job work and thus he used to be in heavy cash crunch. Things happened for several years. And if I observe now situation is much similar these days also.

SO my mind was trained to be in recession every 5 years till the time I changed my self. I said I have to be in a business which does have had any recession and I acted accordingly. So I tried to change the modeled thought about money to change in my favor.

Another specific modeling engraved in your mind is “You must save enough money for your hospitalization, after retirement you will be suffering lot of health issues” Now here our intention is to save money for hospitalization so with power of intention we end up spending our savings for the same purpose.

In short my friends, we have to be very clear with our purpose for money. Modeling had played a very vital role in making our money habits. For reaching fully financial potential you need to recognize how all these negative habits have affected your success in the arena of money and change to positive habits.

Steps for changing these habits remain same.

1. Awareness of negative money habits on your mind.
2. Understanding of how these negative habits have done impact on your financial life.
3. Disassociation by considering how you really want to be in present life.
4. Declaration by saying that “Whatever I have learned negative about money is not true. Now onwards I will choose my own way to live my present life”

Stay tuned for our next blog on – “Specific Incidents”