Posts Tagged ‘financial emotion’

Honesty In Attitude

Friday, August 14th, 2009

The top wealth and finance experts will tell you that in order to build wealth you need to have the right mindset. No surprise there, it’s what we do and talk about here all the time. Just lately we’ve been tackling the issue by discussing our emotional attitudes towards money. This is something else the top experts will tell you—in order to build wealth, you have to come to terms with your true feelings towards money.

Be One With Your Emotions

We’ve been talking a lot lately about dealing with those emotions that we hold towards money and wealth—the feelings that grow from our upbringings, experiences, exposure, and the attitudes of others around us from a very early age.

It is absolutely essential to deal with these emotions because if you do not they will quietly undercut everything you do to create wealth. However, it is not enough to just say or think that you are dealing with them; to effectively deal with your attitudes and emotions about money, you need to deal in absolute honesty with yourself.

Digging Up The Past

Many of us do not want to do that, primarily for one of two reasons:

• We do not want to admit our own denial of money or past ignorance;
• Dealing with our emotions may require us to dig up past feelings and experiences, and that can sometimes be painful.

It’s understandable that you might want to just move forward and not have to look back and relive less than enjoyable experiences. But doing that is the only way to really understand why you do what you do and what is really blocking your path to wealth. When you have the courage to be honest about your emotions and your denial of money, you clear all the space in your mind and your life for much bigger, better, more productive plans and actions.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2009

Take Your Cues From You

Saturday, June 6th, 2009

We’ve been talking a lot about attitude and emotion and how you “should” feel about all manner of things from the local and world economy to the investment climate to the fitness of the world for wealth creation. We discussed not letting others dictate how you “should” feel about all of this, and instead being in control of your financial emotions. Now, let’s refine that a bit.

Who Cues Your Financial Emotion?

Does watching the news or the daily market report leave you feeling despondent? Do you shake your head through the entire newscast and leave your set feeling worse than when you’d arrived? Do you generally feel good about your financial position or your daily living and feel that with some concerted effort to build wealth you could be quite comfortable….but then lose that feeling as soon as you read the next internet or media report on the state of the country or world?

emotional-cuesIf this sounds familiar, you are taking too many cues from the outside world and not trusting your own instincts enough. And that will become, if it hasn’t already, a big problem for you as you continue to work toward personal wealth.

When you take your financial/emotional cues from others, you do a couple of things:

• You undercut your own confidence and ability by essentially telling yourself your own instincts and emotions are not trustworthy.
• You back-step and undo everything in wealth creation that you have already accomplished.
• You start living with a scarcity mindset instead of an abundance mentality.
• You attract more negativity and scarcity to you, instead of abundance and positive energy.

All of this makes it very hard to build wealth and achieve the end goal of financial freedom. The case is certainly not hopeless, though. All you have to do is rebuild trust in your own emotions and take your cues from you, not from the outside world.

People actually have a very good sense of the potential of things, we just suppress it. Take life head-on, trust your feelings, and continue to remain positive about any endeavor, and you will surely be an unstoppable force in creating personal wealth.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2009