Regardless one’s earning power, some people lose money easily. Some may be earning a five figure sum per month, yet are in debt. Some may be earning much lower than that, but are financially free.
The conclusion – it’s not about how much you earn, but your mindset about money. The way you think about money drives your action.
“High risk high return”
Are you one of those with this mindset? What is the likely action for having this mindset? They probably lose tons of money. They are the gamblers; most gamblers usually lose money.
This group of people believes that to make more money, they got to take on more risk. They probably put their money on anything that is high risk, and they probably lose their money as well.
High risk high return is not always true. In fact, the rich involve in anything that is low risk. One of the secrets of the rich is that they put their money in places where it’s low risk to them yet give them good returns.
“Blinded by greed”
Some lose money because they become too greedy. Greed blinds them, causes them to make the wrong decisions. Their desire to make that $100 more may cause them to lose more.
A friend used to be making $2000 of passive income every month. Blinded by his greed, he decided to change his winning strategy, hoping to make an extra $500. In the end, he got burned, lost all his capital, and never get back to the market. Greed got the better of him.
Many people are not contended with what they have; want to get more, thus changing the usual way of doing things. However, that increases their risk tremendously, and with one false move, it wiped them out completely.
“Money is hard to come”
Those with this mindset are the toughest group of people. This mindset is probably been planted when they are very young. They might have heard it from their parents, and this message is mingling in their sub-conscious for a long time.
This group of people will self sabotage their bank account. Do you know of someone who suddenly has to pay some big ticket item when they have some money? This group of people has a difficult time to keep money in their bank account.
Because of this sub-conscious, they manifested those special spending. When they have some money in the account, suddenly their car broke down. They got to part with this extra money. Their sub-conscious is telling them “money is hard to come by”, so when they have some money, it manifested a situation where they got to spend that money.
Losing money is all started from your sub-conscious. Get that right; the rest will take care of itself.
Joe is an enlightened entrepreneur starting his business in an out-of-the-box way. Being in the training and distribution business, He has inspired thousands of people in his talks and workshops. He has a website that talks about wealth mindset. Visit http://www.millionaire-idea.com
