My thesis
I think that because the state of our finances effects our ability to fulfill our responsibilities, provide food, clothing, shelter and our obligations: pay our bills. Our finances influence our everyday happiness. Therefore our happiness or unhappiness and our finance are permanently intertwined.
Wealthy is about performance
I think other then being born into wealth, or winning wealth in a lottery, that building wealth is about not performing habits which reduce your wealth building capabilities and performing habits which increase your wealth building capabilities.
Wealth is about magical thinking
A big part of changing your habits from those that reduce wealth to those which build wealth is changing your thinking. Many people think that they can continue to spend everything they make each month, but that if they work hard and keep getting promoted, one day they will be wealthy. This type of thinking has no logical or factual thinking, as if you continue to spend all you make after you get promoted and make more money you will still be left with the same amount of money at the end of the month; none.
I call this magical thinking because it is only through magic or some other equally improbable event will you become wealthy. performance is changing both your habits and your thinking. So why do I say wealth is about magical thinking? Because you have to recognize your own magical thinking, so you can embrace it, and decide to change your thinking to wealth building thinking.
Wealth is about change.
The majority of us have our thoughts, ideas and attitudes towards wealth shaped by herd mentality, as in we believe what everyone else believes about wealth and we try do what we think like everyone else is thinking. But if we think and act like the crowd, or majority of people, we we will achieve or accomplish what the majority of people have accomplished. We have to change our thoughts, attitudes and habits from doing what the majority do, to what the wealth minority do, if we ever want to improve our finances.
Your financial health and your emotional health are intertwined.
The majority of people are financially insecure, their job pays them just enough to afford food, clothing, shelter and allows them to pay their bills. This financial insecurity causes emotional insecurity, anxiety, hopelessness and free floating anger.
- Emotional insecurity due to financial insecurity
- Anxiety due to financial insecurity
- Disappointment due to not getting ahead or living the dream life you see on TV, Facebook or Instagram.
- Hopeless because you don’t see how your finances are ever going to change.
- Free floating anger, it’s normal to be angry when your anxious, emotionally insecure, disappointed and hopeless.
Summary
I believe that your emotional health is dictated by your financial health. Your financial health can be improved by changing your thinking and your habits. I believe your financial health and emotional health will improve if you stop doing what the majority of people do, and start doing what the wealth minority are doing. I believe you must start by discarding magical thinking of thinking your financial situation will change if you continue to do what you have always done. I believe wealth is a performance issue. You need to stop performing the habits that made you poor and sad. You need to start performing new habits to make you rich and happy. Lastly, I know change is hard, change is inevitable and change is constant. Look around you and at yourself. You grow old, your car gets old, metal rusts, wood toys, colors fade. Change is the only constant, so you need to acknowledge change, embrace change and harness change so that you benefit from change.
