Want to know more about how I can help you!!! Check out the Financially Focused you tube channel. Our free channel shares advise from experts on how to build wealth!
Mental blocks to getting financial coaching.
1. BELIEVING THAT SITUATIONS ARE PERMANENT
Believing that life’s situations are fixed is perhaps the biggest pitfall of the scarcity mindset. We think “Well, that’s just the way it is” instead of changing our frame of mind and seeking out our own happiness. Thinking this way has a negative effect in many regards – it depletes our energy, harms our self-esteem, and makes life a burden in general.
2. USING THOUGHTS AND WORDS OF SCARCITY
What we tell ourselves ultimately becomes an extension of us if left unchecked. It’s important to understand that negative thoughts and words alone cannot negatively affect us if we realize them for what they are – innate responses without merit. But when we start believing those negative thoughts or words, they can become an extension of our character.
3. BEING ENVIOUS OF OTHERS
Feeling envious towards others is a double-edged sword: it kills gratitude and stokes the fire of scarcity. Envy does absolutely nothing to better personal circumstances in any way.
4. NOT BEING GENEROUS
When one lives with a scarcity mindset, they’re more apt to “skim off the top” with time, money, relationships, etc. These actions have unintended consequences and make it less likely to generate the positive effects that we seek in our own lives. Life has a strong tendency to reflect back on us, which is why our energy and actions are so important. If we believe in lack, by default, we believe in giving less of ourselves.
5. OVERINDULGENCE
Oh yes, it is possible to overindulge with a scarcity mindset. When one thinks in terms of scarcity, they are most likely to overeat, overspend and, in general, become more gluttonous. This is because of another temptation: instant gratification. There are many examples of this, but let’s use one: overspending.
Now, if you are ready to live the life you desire, a support system for your money is critical.
Investors say they can handle the volatility (up or down movement) of stocks, mutual funds, unit trusts, bonds and such. Then it actually happens. So what is the back up plan for when you actually need cash from the portfolio?
As a financial coach, I have helped my clients experience an increase in assets by at least $50,000 through a detailed review of 12 financial areas of their life. This is a positive return on investment for the training I offer.
We can help you develop that back up plan when you are ready.
