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Your Wealthy Mind

Because Ideas Change Lives

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How to Save Money: Three Thought Patterns to Unlearn NOW

February 2, 2016 by Ray L. Leave a Comment

how to save money three thought patterns to unlearn now pixabay yourwealthymind your wealthy mind
Tagalog Version (Click Here)

Imagine a robot bumping into boulders, walking into walls, and falling off ledges while moving around the workplace. Because of that programmed pattern, it gets seriously damaged and needs repairs every week. Although it knows that being damaged is bad, it still can’t stop itself from bumping into walls or falling off ledges as those are what it’s been programmed to do. Humans behave in a similar way and knowing how to change that is the number one key to learn how to save money:

If we change our “bad programming” or bad spending habits, we will certainly stop damaging our financial future.

“The happiness of most people is not ruined by great catastrophes or fatal errors, but by the repetition of slowly destructive little things.” – Ernest Dimnet

[Read more…]

A Great Leap Forward: Choosing to Change Careers

January 29, 2016 by Ray L. 1 Comment

great leap forward choosing to change careers pixabay yourwealthymind your wealthy mind
Tagalog Version (Click Here)

W. L. Bateman said “If you keep doing what you’ve always done, and you’ll keep on getting what you’ve always got.” You know how life coaches often seem to keep teaching people that they’d get nowhere if they simply stay in that boring office job they hate instead of working on their dreams? The decision to change careers is not an easy one to make, but sometimes, you just have to take that leap of faith to make everything fall into place.

 

Time for a Change

I’ve worked at the same “Business-process outsourcing (BPO)”-type company for about six years now (January 2010 to January 2016) and I’ve learned a lot from all the experiences I’ve gained. I’ve made friends and had a ton of fun, but the latest changes in the office environment didn’t sit well with me and I realized that it was finally time to go.

Why did I choose to write about it? If you’re still having doubts about leaving a job you don’t like, then maybe reading this will give you the courage to take the leap and find a better path in life.

“Once you make a decision, the universe conspires to make it happen.” — Ralph Waldo Emerson

[Read more…]

The Achiever’s Secret: Long Term Goals and Long Term Thinking

January 19, 2016 by Ray L. 1 Comment

the achiever's secret long term goals thinking pixabay yourwealthymind your wealthy mind
Tagalog Version (Click Here)

You can live a fulfilling life of success and achievement, or you can live in mediocrity. How do you tell which one you’ll have? Here’s one way: The longer your timeframe when planning (like making long term goals) and making decisions, the higher your chances of becoming successful.

Many of us think that things like educational attainment, being born into a rich family, intelligence, etc. are the only factors that lead to success, yet Dr. Edward Banfield found otherwise. After studying a lot of financially successful people, he discovered that the most important factor is a particular way of thinking: Those who are successful tend to have a longer “time perspective.” (You can read more about it here on this BrianTracy.com Article)

What does that mean? It’s simple: high-achievers think long-term. Successful people think further into the future when making plans and daily choices, and by contrast, unsuccessful people tend to only think about short-term enjoyment and forget about the long term negative consequences.
[Read more…]

How to Get Rich: Use Money Wisely

January 12, 2016 by Ray L. Leave a Comment

how to get rich use money wisely pixabay yourwealthymind your wealthy mind
Tagalog Version (Click Here)

“To those who use well what they are given, even more will be given, and they will have an abundance. But from those who do nothing, even what little they have will be taken away.” – Matthew 25:29 (NLT)

Brian Tracy wrote a chapter on the “laws of money” in “The 100 Absolutely Unbreakable Laws of Business Success” and one particular passage caught my eye:

“Money tends to flow toward people who can use it in the most productive ways to produce valuable goods and services and who can invest it to create employment and opportunities that benefit others.

At the same time, money flows away from those who use it poorly or who spend it in nonproductive ways.”

In short: You get more money when you use it well and you lose money if you use it wastefully.

 

That key idea seems obvious, but it’s mostly ignored by a lot of people, similar to how smokers know that smoking is bad but continue to do so anyway even if they wish to have good health.

Most of us know that wasting all our money on certain things is bad, but we do it anyway even if we someday hope to be rich.

What’s worse is, many of us don’t even know that we’re spending money unwisely!
[Read more…]

A New Perspective to Avoid Bad Debts

January 6, 2016 by Ray L. 1 Comment

new perspective to avoid bad debts yourwealthymind your wealthy mind
Tagalog Version (Click Here)

One of my more popular articles is the one about How to Get out of Debt (more specifically, get out of bad debts). I believe an ounce of prevention is better than a pound of cure, so it’s better to avoid bad debt from accumulating than to keep digging yourself out of it.

So how do you avoid bad debts? Here’s a mindset that’ll help!
[Read more…]
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