How many hours do we spend in school learning financial wisdom?
Zero!
So where do you learn your financial habits?
From other adults, mainly your parents. If your parents spent foolishly, their actions taught you to spend foolishly. If your parents spent wisely, you would gravitate towards wisdom in finances.Did you grow up with the language of poverty that sounds like “we can’t afford it,” or “we don’t have the money” or “that’s for rich people, not us.” ?
All those statements are victimized, poverty statements. Change your language.
Eliminate Unhealthy Financial Traditions
Unhealthy traditions pass from one generation to the next. If you are serious about breaking yours, you can succeed. How?
- Make a
decision: Do you like where you are financially? Are you tired of the
pressure of debt? If so, decide today to do whatever it takes to achieve
financial independence.
- Learn some
new skills to replace the poor skills you learned from those around you.
- Repetition is the mother of skill. Through repetition you learned poor financial skills; through repetition you will learn great financial skills. Beware who you learn from. You should learn from someone who has a lot of money – not just someone who looks the part. Most people are far from reaching their goal of financial independence.
We learned how to walk, talk and eat by watching those around us. Everything we know how to do, we learned – or were at least were influenced by those around us. Have you ever said, “I will never be like…” or swore to do things differently from your parents, only to find yourself saying and doing those exact things? History repeats itself! Decisions made without establishing new skills will lead to failure of the decisions becoming a reality.
A Solid Financial Foundation Starts Early Your children are always listening and watching, whether you realize it or not. Groom them for success instead of unintentionally grooming them for failure. Their success will come from you. When they learn while young, success becomes a part of their very fiber instead of hoping they will succeed they will be groomed to succeed!
Help someone else succeed, and you change your financial future.
Remember - You ARE what you think about.
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