A few years ago, I was someone who thought differently in terms a lot of things. One of those things was money. I had a change in mindset, somewhere along the way, about money, and it has help me a lot and terms of reaching for my goals. There was a time (seemed like a long time ago) when I thought that a lot of the speakers who talked about mindset when it came to money were all just talking bullshit. But after changing my mindset, everything was clearer. I realized that these speakers knew what they were talking about.
What was the change in mindset?
#1 Being a billionaire or millionaire shouldn’t be your end goal
I forget how I actually changed how I viewed money, or when exactly that change wash was. But, what I remember, is thinking that money should be a means to an end. It shouldn’t be the end goal, or the be all of everything. The thing that I noticed about people, is that they put so much weight into earning a lot of money and then they set their end goal to be millionaires or a billionaires. Being a millionaire, billionaire, a unicorn, etc. has been something that people aspire to be and I’ve noticed that if they set it as their end goal, they put so much pressure on themselves to achieve these.
When I was in my early 20s, I wanted to be a millionaire when I reached 30. I placed so much weight on the peso value that I forgot to focus on what is more essential. The more essential aspect is to look for that something that I love doing. I focused so much on my paycheck that I got burned out fast. And obviously, when I reached 30 and I wasn’t a millionaire, I was clearly disappointed.
So going back, a few years back, I just suddenly woke up with the thought of money as a means to an end. I focused on doing what I was supposed to do and I started doing the things that I loved doing. And guess what? Money just came in. This is actually related to my next point…
#2 You and your time is valuable but don’t ever think and calculate things.
In my talks, I would always tell people that they need to charge for their time and effort. This is true, but also, do not spend too much time calculating your worth and how much you should get paid for the things that you do, because you will end up losing a lot of opportunities or a lot of time.
I’ll tell you that the secret to the financial success that I have is knowing that some of the things that you know won’t pay financially, but it has “strategic” value. What do I mean?
What I have noticed that most of us are wired to think of financial rewards for jobs, careers, businesses, or anything that requires us to put in some effort. We then equate our efforts and place a price tag. That may be the reason why a lot of people go to VTRs for commercials, because they think that being “discovered” requires such menial effort with a pay that’s exorbitantly high and ridiculous. But you know what, what you don’t see is that you still put out tons of effort. Oftentimes, those who get picked for commercials are those with experience, those with amazing portfolios, those who spend to maintain good complexion, those who spend for transportation cost going to all those VTRs, and those who undergo acting or voice lessons. When you look at it this way, they still put a lot of effort into it.
But what I want you to understand that sometimes, you can do things without thinking of monetary rewards, but more of doing it because it is in line with the strategy that you want to implement or because it is in sync with achieving your ultimate goal. An example is that not all the workshops that we created earned. Some of these we pushed through with because we wanted to check on the feedback of the market. Also, sometimes, I offer discounts for being featured or advertised in my blog because I really believe in the product or the advertiser’s mission or goal. So there, not all of your efforts need to have monetary compensation.
#3 I decided to achieve “clarity” — I tracked my expenses and income to have a clear understanding on what was happening
There was a point in my life where I felt I wasn’t in control of my own funds. I didn’t know where I was spending. I wasn’t looking at the debt being accumulated in my credit card, etc. I felt so heavy — it was probably because I was burdened by this concern. I know that I was losing control. I needed to do something.
If you are feeling this way, I think it is best that you decide to track everything already. Tracking every expense and income will give you clarity as to what is happening to your finances. you will achieve financial freedom faster, too, since you can strategize well now.
These are the three things that I believe that you need to think of to have that millionaire mindset. I definitely needed to adjust and practice thinking this way, but it really did me good. I hope that it will work for you, too!
PS. Check out these financial workshops that may help you!
Basic Accounting and Taxation Workshop
Wealth Planning 101 (with Estate Planning)