There is one point about money that is more important than any other, and that’s to understand what is required to generate wealth. Financial planning only matters if you have the potential to produce money in the first place.
The key point to generating wealth
So here it is: the one thing you need to understand to generate wealth for yourself is…
You give wealth to yourself.
In other words, no one else is responsible for giving you wealth. Not your parents, your boss, your spouse or your business partner.
That’s it. You won’t achieve wealth until you understand that.
YOU decide your level of deservingness. And deserving has nothing to do with what you do. You don’t “earn” deservingness. But all of your actions and behaviors–right this very moment–can help you identify what YOU perceive to be your level of deservingness.
So take a moment. If you were to assess all of your actions and behaviors over the last week, do you behave as if you deserve?
Do you put yourself first? Or do you give everything you have and there is nothing left at the end of the day?
What do you believe you deserve in your life?
Even though we’re not necessarily talking about money right now, I always say…
How you do everything is how you do money.
When you make yourself a priority
You decide what you’re worth, and although you might not get 100% of what you decide immediately, you’ll get a lot more than if you have no opinion on the subject.
Wealth is waiting for you to DO something. Good thoughts are important. A vision is essential. But if you don’t match those things with consistent action, you won’t get wealthy.
You must make your own wealth a priority (just like you make your health a priority, I hope!).
Actual wealth is about re-evaluating your life and behaviors so you can continue to make it easier on yourself to generate wealth.
And, again, isn’t this what you do to maintain good health? Observe, assess and act? Then adjust and adapt?
Once you commit to wanting something and making it a priority, you more consciously notice the disparity between what you want and what you have. You may discover that you’ve been settling for less than you deserve—which is why so many people keep their heads down and mouths shut and just keep doing what they are doing.
Sometimes it feels like it’s easier to accept your circumstances. Change is uncomfortable—you might have to change jobs, careers, relationships or environment. But once you set the intention to have something specific—like more money—the path gets clearer.
Getting started and expecting more
Think about your money past and ask yourself where you have been waiting for permission to earn what you deserve. Emotions are a good indicator of issues with specific people.
Next, take stock of your life (not just from a money standpoint), and decide where you have been settling for less than you deserve and identify one step you can take to upgrade in that area.
Finally, declare your goals. Write down everything you would like to fund in the next year and next to each item, write approximate dollar amounts. I find that the clearer people get on what their lives cost, the faster they start making more money.
And if you’d like more information about how to shift your money mindset, then I invite you to look at some of the exercises in my free library – which you can access here.