The Network for Traders & Investors
NOT the fruits but the roots
The great Jim Rohn says "If you don't like your lifestyle, look at your results; if you don't like your results, look at your actions." This profound statement holds true for most things in life, most especially your family finances. And this is what I want to talk to you today: when comes to personal finance, it's not the fruits but the roots!
Have you ever heard the saying that 20% of the population controls 80% of the wealth? There's a reason why this holds true and it's quite simple. Money is not the problem, people themselves are to blame. We spend so much time tripping over our own feet when it comes to money and ultimately making all the same mistakes that we've made before. Take that saying as an example--if you were to collect all the wealth in the world and evenly distribute it amongst all the people of the world with the exact same amount, the distribution would end up the same. The same 20% of the population that did well with their money before would relinquish control. This is because that segment of the population learns from their mistakes, knows how to make money and grow money through investments, be willing to take risks and ultimately controls their financial destiny in a way in which they are bound to always be successful in money matters.
"The vast majority of people simply do not have the internal capacity of money and the increased challenges that go with more money and success," said T. Harv in his bestselling book "Secrets of t he Millionaire Mind". "If you want to change the fruits, you will first have to change the roots." What does this mean to you? This means that if you want to be successful with your family finances and create a much more money savvy lifestyle, you need to change your bad habits, your mindset, and learn to improve your financial IQ. If you want to be rich, you have to first look at your money mindset. Always keep this in mind--it's not the fruits but the roots.
T. Harv's book "Secrets of the Millionaire Mind" changed thousands of people's life. This is one of my favorite books in my personal library. I highly recommend this book as I believe this is the must-read book for everyone who pursues financial excellence. I'm considering sharing more life-changing books that had strong impack to my financial life. Do you like this idea? Feel free to let me know your thoughts.
Talk you soon,
Lillian
www.7moneyhabits.com
www.momnkidstravelbiz.com
www.squidoo.com/teachkidsmoney
Have you ever heard the saying that 20% of the population controls 80% of the wealth? There's a reason why this holds true and it's quite simple. Money is not the problem, people themselves are to blame. We spend so much time tripping over our own feet when it comes to money and ultimately making all the same mistakes that we've made before. Take that saying as an example--if you were to collect all the wealth in the world and evenly distribute it amongst all the people of the world with the exact same amount, the distribution would end up the same. The same 20% of the population that did well with their money before would relinquish control. This is because that segment of the population learns from their mistakes, knows how to make money and grow money through investments, be willing to take risks and ultimately controls their financial destiny in a way in which they are bound to always be successful in money matters.
"The vast majority of people simply do not have the internal capacity of money and the increased challenges that go with more money and success," said T. Harv in his bestselling book "Secrets of t he Millionaire Mind". "If you want to change the fruits, you will first have to change the roots." What does this mean to you? This means that if you want to be successful with your family finances and create a much more money savvy lifestyle, you need to change your bad habits, your mindset, and learn to improve your financial IQ. If you want to be rich, you have to first look at your money mindset. Always keep this in mind--it's not the fruits but the roots.
T. Harv's book "Secrets of the Millionaire Mind" changed thousands of people's life. This is one of my favorite books in my personal library. I highly recommend this book as I believe this is the must-read book for everyone who pursues financial excellence. I'm considering sharing more life-changing books that had strong impack to my financial life. Do you like this idea? Feel free to let me know your thoughts.
Talk you soon,
Lillian
www.7moneyhabits.com
www.momnkidstravelbiz.com
www.squidoo.com/teachkidsmoney
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