The Wealth Ritual
There is a way to become wealthy without ever increasing your income, and it's a lot easier than you think. By learning to enjoy and manage what you already have, getting more becomes easier and more fun than ever before.
Once you learn to hold on to some of your economic power in the form of saving, your focus will shift. You'll stop worrying about every nickel and begin to find enjoyable ways of creating substantial wealth. Just allow yourself the freedom to enjoy what you do have right now, knowing that mastering this level of wealth conservation is a prerequisite to moving on to the next financial level.
If you want abundance in life, you must stop focusing on your lack of money and begin focusing instead on your abundance of financial resources.
Think about this: Wealthy people focus on their excess and how they can use that power; impoverished people focus on their lack!
So if you wish to grow your wealth, one action you absolutely must adopt is spending less than you earn so that you can keep some for yourself and your future. To most people this sounds awful. It makes them feel like they'll have to give up things they love and put themselves on a strict budget. But the sad truth is that most people waste money on things they really don't need and deprive themselves of the things they really deserve because their spending priorities are out of control!
If any of that sounds like you, then you need to make a financial change, and here is a 3-step process for accomplishing this:
1. Realize that where you are right now financially is not exactly where you'd like to be.
2. Create compelling reasons to make a change.
3. Write a well-thought-out plan of action and then stick to it.
The easiest and most effective way to make sure you always find the money to pay yourself first is to control the outgo. There is a simple way to do this: Write it down.
Write down in a notebook everything you buy and every dollar you spend, and you'll gain an enormous amount of control over your finances. What immediately happens is that you will talk yourself out of making certain purchases because you anticipate the guilt you'll feel when you write them down. You'll find yourself saying, "how could I have spent money on something so silly?"
This type of self-awareness is great because it saves us from the type of impulse purchases that burn holes in our pockets.
* * * * *
Once you learn to hold on to some of your economic power in the form of saving, your focus will shift. You'll stop worrying about every nickel and begin to find enjoyable ways of creating substantial wealth. Just allow yourself the freedom to enjoy what you do have right now, knowing that mastering this level of wealth conservation is a prerequisite to moving on to the next financial level.
If you want abundance in life, you must stop focusing on your lack of money and begin focusing instead on your abundance of financial resources.
Think about this: Wealthy people focus on their excess and how they can use that power; impoverished people focus on their lack!
So if you wish to grow your wealth, one action you absolutely must adopt is spending less than you earn so that you can keep some for yourself and your future. To most people this sounds awful. It makes them feel like they'll have to give up things they love and put themselves on a strict budget. But the sad truth is that most people waste money on things they really don't need and deprive themselves of the things they really deserve because their spending priorities are out of control!
If any of that sounds like you, then you need to make a financial change, and here is a 3-step process for accomplishing this:
1. Realize that where you are right now financially is not exactly where you'd like to be.
2. Create compelling reasons to make a change.
3. Write a well-thought-out plan of action and then stick to it.
The easiest and most effective way to make sure you always find the money to pay yourself first is to control the outgo. There is a simple way to do this: Write it down.
Write down in a notebook everything you buy and every dollar you spend, and you'll gain an enormous amount of control over your finances. What immediately happens is that you will talk yourself out of making certain purchases because you anticipate the guilt you'll feel when you write them down. You'll find yourself saying, "how could I have spent money on something so silly?"
This type of self-awareness is great because it saves us from the type of impulse purchases that burn holes in our pockets.
* * * * *
posted by Bob Moser at
7:27 PM
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