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Part 2 of 3: The What
If you didn’t read Part 1, I recommend you check it out here: Part 1
J.K. Rowling once said “Understanding is the first step to acceptance, and only with acceptance can there be recovery.”
Application: We must understand in order to accept, and we must accept in order to effectively act.
Obviously we all understand what money is; it is a medium of exchange. We use it in order to get the things we want. It’s a pretty simple concept. However, we don’t always like to accept our current relationship with money. In turn, this leads us to act or think in ways that are detrimental to our own well-being. This ultimately leads us to developing a rather poor and perhaps ignorant mindset about money where we play the blame game and let our emotions destroy us. So let’s get the elephant out of the room… Money isn’t the problem, we are.
Specifically, the problem is derived from the way we are channeling that concept of money into our lives. This channeling is what effects our mindset.
In the first post, I explain how my lack of money led to bitterness, envy, and an exorbitant amount of worry. I looked at my situation and I didn’t want to accept it, so I fought it with anxiety, fear, and stress. (For the record, these are the worst weapons of self-defense when it comes to finances.) So what was achieved? Nothing. The outcome of my struggle led to idolatry of money in such a way that I was attached to it. I was channeling the wants and desires into my life without accepting what it takes to get there. Instead of channeling in ambition, I was channeling in resentment of what I didn’t have, which was leading to the negative money mindset. Bad move folks…
This is where Rowling’s quote comes into play. Those wants I had about being financially comfortable, paying off my debt, and providing for a family, were not bad or sinful wants to have! In fact, they’re good. It’s good to want to be successful and be able to provide. It’s good to try and be the best you can be. The truth is, rather than being fearful and anxious about not having those things, I turned the equation upside down. Instead, I discovered that it is far more profitable to channel those wants and desires into a steady stream of positive motivation.
Usually when we’re fearful and afraid, we’re hesitant about doing things. This is why Babe Ruth always said “Never let the fear of striking out get in your way.” Think about all the time we waste when we use our minds to worry and play nightmares in our head about everything that could go wrong or did go wrong. We could’ve been using that time to craft a solution!
At the end of the day, I needed to understand my situation, accept it, and get motivated about changing it. This is an incredibly simple yet powerful problem solving framework that works for just about anything.
To conclude: It wasn’t money that was causing all of the stress and anxiety in my life. It was my mindset about money. This is why I’ve come to realize that before even beginning to change your financial situation, you need change your financial outlook. If you don’t change the lens through which you view your financial outlook, all of your actions will be wasted.
While this post is all about revamping and changing the money mindset, there is still one key point to address. Part 3 is the most important post in the series that you shouldn’t miss. It will tie everything together and really crack the case on this whole perspective thing. I hope you enjoyed this post and are helped by these principles!
Click here for Part 3
Cheers & God Bless