A learning mindset is something you’ll want to cultivate in order to live your best life. No matter how old you are or what stage of life you’re in, you’ll reap numerous benefits when you take on new learning experiences. These can be formal education in the classroom, researching on your own, or life lessons taught organically. What’s most important is that you are open to receiving new information. Read on to discover the many benefits of trying something new and continuing to learn each and every day.
When you learn new skills and information regularly, you’re demonstrating to yourself that you’re capable and smart. Each new bit of knowledge contributes to what you’ve learned before, and you’ll soon start to believe you have the capacity to take on even more challenging subjects or activities. You’ll feel better about yourself when you engage in a regular habit of...
Sometimes we hold ourselves back from living our best life by focusing on our limitations and those taught to us in our childhood. We convince ourselves there’s only so much we can do and that we can’t progress farther...in my case, my childhood lessons were about how I wasn't good enough or capable. And, that’s actually untrue. You can almost always improve in some way. The key is to change from a fixed mindset that says this is as good as it gets to a growth mindset in which you are aware that improvement is possible. Take a look at some ways you can cultivate a “can do” mindset in order to reach your goals:
Lose the Limitations
First, you’ll need to shift your focus from your limitations to your potential. Instead of thinking, “I’ll never be able to do that,” change your mindset to consider the possibilities. Tell yourself that you may not be the very best, but you can practice...
When taking a deep dive into the lack money mindset, one of the biggest indicators is the belief that working hard is the key to wealth and success. If this were true, slaves would hold all the riches in the world. Working hard does not guarantee financial wealth.
A wealth mindset sees the value of hard work but doesn’t relegate the work to extended hours or back-breaking feats of strength and endurance. Those with a wealth mindset have adopted the philosophy of working smarter, not harder.
Working smarter, not harder is a concept that allows for hard work as well as delegation, outsourcing, and maximizing resources in such a way that the goals are met with ease. Let’s take a look at an example:
Example: Tammy’s Bakery. Tammy is a baker who loves to make her grandmother’s recipes. Tammy started a bakery that serves her mid-sized community. In the beginning, Tammy did all the...
When you shop, are you all about getting more for your money, or do you prefer to get the most for your money? In this case, more means quantity - give me all the white tees in my size! Most means quality - give me the very best white tee made no matter the cost.
People tend to fall into two funnels with their shopping - quality or quantity. Let’s take a look at the pros and cons of each.
Pros of a quality-minded spender:
Pro #1. A quality-minded spender is generally patient and willing to wait to find the best possible addition to their home or closet.
Pro #2. A quality-minded spender is more aware of the benefits of construction, good materials, and is looking to make an investment that may cost money up front but saves money in the end.
Pro #3. A quality-minded spender usually has timeless taste that avoids trends; therefore, their purchases outlast fads.
Cons of a quality-minded shopper:
Shifting your mindset from a lack mentality to a wealth mentality can feel overwhelming. Generally, people change their behavior when the pain of staying the same is worse than the pain of doing something new. Until then, they go about life doing what they have always done, hoping for different results. It doesn't work.
Everyone has that one thing that causes them to change. Whether it is an aha moment or witnessing or experiencing something that makes change necessary. One man’s trigger point is another man’s normal, but we can identify hazards of a lack mentality that might spark the desire for change.
Hazard #1. A lack mentality causes depression. If you have lived with a lack mindset believing that working hard is the only way to wealth, you may be experiencing depression. Chances are you are working harder than most, and you may not be seeing the conversion of work to income. You may also be making money but working so hard that...
A wealth mindset isn’t just about money. As a matter-of-fact, most wealth has nothing to do with money at all. Money is a by-product of a wealth mindset. The wealth mindset encompasses every aspect of life - health, relationships, and your overall attitude about people in general. The philosophy of the Indian Proverb, A House With Four Rooms, is to do something daily for your four metaphorical rooms: physical, mental, emotional, and spiritual rooms for complete wellbeing.
The principles advocate for living from a place of abundance; this includes living with the knowledge that you are enough and you have enough...money, time, love, joy, etc....that you can be generous with your wealth.
Let’s look at some examples of wealth that aren’t money related:
A loving family- Having a family who loves you and chooses to spend time with you when there are a million other options is a true...
We all know what an IQ is - our intelligence quotient. Our IQ is a number that reflects our intelligence, ranging from a deficit to genius levels. Similar to an IQ, our EQ - or emotional quotient - measures our range of emotional genius. Your money IQ measures your knowledge about money, how it works, and how it is managed.
Your IQ, EQ, and money IQ don’t have to be static. They can move from barely there to off the charts. Assessing what you know about money can make a way to learn more or fill in any blanks that keep you from being the genius you were meant to be.
I love to tell the story about when I found my younger son who was about twelve years old writing and figuring out something furiously with pen and paper. When I asked what he was working on, he said he figured out how he could be a millionaire by the time he was thirty if he could receive an allowance (We didn't give allowances to the kids.) of trivial...
Generally speaking, your money mindset is like an apple that hasn’t fallen far from the tree. That’s an analogy that often refers to a parent-child relationship. Your money mindset is generally similar to your parents’ as they have a large impact on your thoughts and feelings about money.
For example, when I was a child, I had to wash and reuse aluminum foil and plastic bags...and I still do this today.
Here’s how your parents may have influenced you:
How your parents managed money affected your quality of life: Whether you wore hand-me-downs like I did, or your clothes came from the finest stores, this was...
The Importance Of Your Mindset
Generally speaking, there are two very different approaches to one’s mentality and the results yielded from either one are usually going to be at opposite ends of the spectrum.
One way of approaching things is known as a “fixed mindset”, and the other is referred to as a “growth mindset”, and overwhelmingly, those with a growth mindset are often more successful in whatever venture in which they choose to participate.
Those with the “fixed mindset” frame of mind tend to feel that their skills, potential, and abilities are pre-determined and are not able to be improved upon, whereas those with the latter mentality are open to the idea that there is always room for improvement if they are willing to work enough at it.
Those in the “fixed” category tend to feel powerless over any ability to manipulate their pre-ordained, possibly genetic skills and talents while those in the...
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