Is it Skill or Your Beliefs Holding You Back?
This is a point I have shared before but want to share again.
Anyone who reads my blog or listens to the Scaredycat investor show has probably heard me at least once say:
- 90% of trading and investing is psychology, the other 10% is skill.
Change Your Story, Change Your Beliefs
This is actually super powerful as most of us tell ourselves a story throughout each and everyday.It's that story of why something is they way it is, we rationalize things - we create excuses.
What's the Point?
The point of bringing this up is that a large majority of the time (more than you think) the reason we find ourselves in a certain situation is due to our beliefs about ourselves, about people, about money, about success.
Think about this - does anyone want to live paycheck to paycheck?
Pretty sure most everyone is going to say no.
This is not about being rich, this is an example of a struggle that so many find themselves in, of which many are there due to their beliefs.
They believe:
- "Money is the root of all evil"
- "Rich people are selfish and greedy"
- "More money, more problems"
This is the story they tell themselves everyday, thus they deeply believe that money is bad and does no good.
Literally programming oneself to always be poor. To only have just the bare minimum to get by as anything more is evil or makes you a greedy selfish person.
If you find yourself struggling with something, whether it is financially, relationships or career - the key to change may just be...
Change Your Story, Change Your Beliefs
Self confidence is fundamental to achieving our goals when we set them out. Challenges will occur but through resilience and grit we can learn to adapt and continue our paths to achieving results!
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I couldn't agree more, the difference between being rich or poor is a mindset, that´s why people who win the lottery and were poor usually go back to the same situation after some years.
So true!
It is amazing how "self evident" those statements seemed, back when i had a poor mindset.
Sure there might be some very powerful people trying to keep the entirety of the population down, but we are doing the most damage to ourselves, with thoughts like those.
The trouble is that there is a lot of truth in those statements, but they are only a part of a much bigger picture. such as:
The love of money is the root of all evil. - This statement is pretty close to a truth. Because, those people who love money, love it for its power and its power over others. And these same "money-lovers" are the selfish and greedy.
Self made people, the ones you would describe as rich, are usually very charitable.
Yes, your last sentence is especially true.
People generally are who they are before money, money just let's them show their true colors.