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Oh Yes!

It’s very true, You are as poor as your mindset, your mindset plays a major rule in your way to success.

It’s your mindset that brings you success or failure.

Be it as it may, obviously, our society, our friends, our family, our teachers, and the media isn’t helping matters, they have programmed a scarcity mindset into you.

So, it’s your job now to rewire and reprogram your mind with abundance and positivity so you can achieve the financial success you deserve.

So, I would encourage you to get rid of bad habits that keep you broke and finally break free of the scarcity and bad habits almost everyone experiences.

 

Habits That Keep You Poor

This list is not exhaustive, but if you have any of these  habits and you can find a way to work them out of your life, you’ll see your financial situation improve greatly.

 

• • 1. Paying yourself last
    
    Most people pay everyone else BEFORE they pay themselves and that’s a very bad habit,
    They pay their rent, bills, food, entertainment, phone, picnic outing, and so on

    When they should take at least 10% of their income and save it to invest later.

    When you pay yourself first, you force yourself to live on less each month.

    Your brain/mind began to naturally work out ways to make this happen, even if you think there’s no way you could live on 90% of your salary.

    So, please go ahead and open a new bank account if you need to and set up an automatic transfer every month so you know you’re saving at least 10% of your income.

  •  
• 2. Accumulating Bad Debt
  
  Accumulating bad debt is easy these days.

  You’ve got credit cards, interest free loans from department stores, and in recent years “buy now, pay later” services.

  The problem with bad debt is when you already have some, it’s easy to think “What’s another $100, $500, a thousand?

  Before long, your debt balance becomes unmanageable.

  So, if you use credit cards, be sure to pay them off within one month.

  If you can’t pay for something twice, you can’t afford it.

• 3. Spending To Impress Others
  
  Beware not to fall victim of show off – trying so hard to impress people, to draw attention to yourself or something. Avoid it and save up.

  I was driven by ego, and I bought so many expensive things I didn’t need, just because I thought it would make me look cool, and to impress others.

 

• 4. Expensive Hobbies
  
  structure your life spending in a way that allows you buy those things you truly need.

  If you have got expensive hobbies such as travel, skydiving, or even things like gaming, etc.

  And if you have more than one expensive hobby, then that’s something to be mindful of.

  Because a few hundred dollars here and there quickly adds up over time.

• 5. Saving Without Investing
  
  If you do ensure you save at least 10% of your money each month, that’s a great place to start.

  But if you’re not putting that money to work, with the way inflation is going, you’re losing money FAST.

  The best thing to do is to have some money for emergencies, but put your money to work by investing.

  In my opinion, investing in your education, so you can make more money, faster is always a good idea.

  Outside of that, when you have more money than you know what to do with, you can invest in other things like shares or real estate.

  But you’ll ALWAYS get a better return on your investment by investing in your education.

 

How Your Words Keep You Broke

As I mentioned earlier, your mindset brings you all your life results.

And one of the things your mindset is responsible for is the words you say to yourself and others.

Your words are beyond powerful.

And so, copywriters are some of the highest paid people in the world.

Why?

Because they write the words that compel people to buy products and services.

 

Why a Scarcity Mindset is Bad for Your Business and Life

I don’t care what you apply this mindset to, it will ruin your chances of success in all areas of life.

If you have a scarcity mindset, you’ll think money is hard to come by.

If you break up with your partner you’ll think, there aren’t any other people out there who are compatible with you.

If you’re in business you’ll think good clients are hard to come by.

But here’s what’s funny, by thinking there aren’t many potential great clients or partners out there…

You’re actually thinking there is an abundance of bad clients or bad matches.

You just need to flip that switch and think the opposite.

Using the example above, there IS an abundance of great clients or potential partners.

Of course, this is easier said than done, as a scarcity mindset is drilled into us from birth as I mentioned above.

But there are things you can do to trick your mind into thinking abundantly, so eventually it happens automatically.

In closing…

Your mindset and the habits that come from it are the KEY to whether you succeed in life and business or not.

That’s why I teach mindset in all my programs and trainings in the first few weeks, because it’s that important.

Until next time… to your success,