…we gave you this rule:
“If a man will not work, he shall not eat.” —2 Thessalonians 3:10
But nothing happened after our encounter.
It was once upon a time because I actually started investing more than a decade after that –12 years after to be exact.
Does this ring a bell to you?
Have you been wanting to start saving for your future but just can’t?
Have you once upon a time decided to start investing but haven’t started until now?
Have you tried all sorts of financial literacy efforts like attending seminars, reading books and asking questions from investor friends – but all of them didn’t seem to work?
In my investing journey, I’ve learned that it is more important to start by changing your financial mindset than just merely focusing on financial literacy.
My mentor, Bro. Bo Sanchez, said that “a person can be very wise in money matters, but if he has a poverty mindset, nothing much will happen.”
To transform your financial life, you need to get rid of poverty mindset and gain a wealth mindset.
The Poverty Mindset
We heard of so many sad stories about those who get sudden sums of money for example, from lotteries or inheritance – but lose them all very quickly. In fact, most of them ended up with huge debts and worse off financially years later.
That’s because of their poverty mindset – inside they still feel poor.
They don’t feel comfortable with having sums of money on their hands and spend them away.
I cannot blame them. We cannot blame them.
Our culture is framing our mind with limiting ideas about wealth and money.
We have been taught things like:
- Our preacher says, “Money is the root of all evil.”
- Our society says, “Rich people are bad, greedy and corrupt.”
- My friend says, “You don’t need money to be happy.”
Money is the root of all evil.
When in fact, the Bible actually says, “The love of money is the root of all evil.” That is, acquiring wealth and money for selfish reasons and at the expense of others’ happiness.
Rich people are bad, greedy and corrupt.
Think of the hundreds of jobs the good and rich entrepreneurs are providing. What’s more, think of the thousands of family members being fed from the salaries they give to their employees. To them it’s not about money. It’s about service. They have God as their business partners.
If you see it this way, you’ll think of them as angelpreneurs.
And we hear that most of family and personal problems are about lack of money and financial matters. It may be hard to accept but in its real and pragmatic sense, we now live in a world where we need money for food, for education and to pay for the bills. Even charitable institutions need money to sustain their operations and needs.
How to be really happy with your money?
Try using it on experiences like travel and vacation with family and some good friends, paying the last tuition fee of your college student, or paying the last instalment of your house loan. Or try giving it away to help and support the shelter for the homeless street children, the home for the aged or the center for cancer patients.
If you want to know what God thinks of money, just look at the good people He gave it to.
The Abundance Mindset
To get rid of your poverty mindset, get yourself immersed in a new way of thinking – the abundance consciousness. As you begin to truly see yourself as a wealthy person, you will see your financial abundance grow.
In my next article, I’ll share with you some insights of achieving abundance mindset to powerfully transform your life, not just your financial life.
Purify your thinking towards money by embracing the truth that God wants you to have money enough for your needs, and gain wealth more than what you need so that you can richly give and bless the people around you.
How do you view money? Do you associate it with good or bad, or both? Write them down.