How are you wired to earn money? What are your beliefs around money? What were the money stories you grew up with (e.g. money doesn’t grow on trees, you have to work hard to get money etc)?
Robert Kiyosaki in his book ‘Rich Dad Poor Dad’ talks about financial literacy and how the poor and middle class work for money, whereas the rich make money work for them.
This is something that really resonated with me and one of the reasons I quit my job unexpectedly last year. I realised that working a 9-5 job where my hours, pay scale and rate of progression were dictated by someone else, was never going to fulfil me and give me the life and time freedom that I craved so much.
My time is my most precious commodity and honestly being part of the ‘rat race’ was sucking my soul dry. I felt like a hamster caught on the wheel and I needed to get off. I knew there had to be another way, this couldn’t be the only way of working. I felt like my life was passing me by. I didn’t want to just live for the few hours in the evening when I got home from work and the 2 days at the weekend when I was off. There was so much I wanted to do, to achieve, to learn and to accomplish and with my work life taking up so much time, something had to give.
It took some time for me to pluck up the courage to finally quit. I knew in my soul I had to leave but we all have that voice and that fear that tells you, you have to stay because you have bills to pay, you need money and it’s ‘what you’re meant to do’ etc. But once I finally listened (I had an epiphany on a solo weekend trip to Bulgaria that I should go travelling again), I handed in my notice and booked flights to South America for what would be one of the best decisions of my life.
That time away allowed me to get perspective on my life again and what is important to me and to remind myself that life is for living, opportunity is everywhere and I need to go with what’s right for me and carve my own path. Since coming home I’ve been putting plans together and systems in place, that will help me reach my ultimate goals of time and financial freedom.
Warren Buffet, one of the world’s greatest investors said, “You need to find a way to make money while you sleep, otherwise you will work until you die”. This is the path I wanted to take and build towards.
There is often a lot of negativity around money. People see it as bad or if you have too much you’re being greedy etc. I had to look at some of my own mindsets around money and change a few of them because at the end of the day, I want a lot of money and not for selfish reasons or because I’m very materialistic and want nice things. I want money because I have huge ambitions, goals and dreams in this life. I want to make an impact on the world and help thousands of people and I have no problem in saying I need money to help accomplish this.
There is abundance everywhere, there is enough for everyone, the universe is limitless but it all comes down to our mind and our mindset and what limits we put on ourselves.
There are so many great books out there around money mindset but one I really liked in particular was Robert Kiyosaki’s Rich Dad Poor Dad. For me it was like confirmation of everything I had previously believed about money. Below are some 5 main points from the book.
- The poor and the middle-class work for money. The rich have money work for them.
- It’s not how much money you make that matters. It’s how much money you keep.
- Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
- Financial aptitude is what you do with money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you.
- The single most powerful asset we all have is our mind.
For me, working on my mindset and personal development is the best investment I can make. It helps to keep me focused on what’s right for me and my higher visions and goals without letting other people’s opinions of what I should or shouldn’t be doing, pull me down. For anyone looking to change their money mindset, I would definitely recommend this book and I’ve also listed some other below. All of these can be purchased on Amazon.
Success is all around us, put yourself among successful people (whether in person, online, via books, audio etc), study their success and what they did!
Rich Dad Poor Dad by Robert Kiyosaki
Secrets of the Millionaire Mind by T. Harv Eker
Unshakable by Tony Robbins