One of my friends is a Guinness World Record Power Lifter. He can bench press 750lbs…
We were talking the other day about gaining strength. He was explaining to me that in order to grow muscle, you have to literally stretch the old muscle to the point it tears a little and then let it rest and heal. Repeating this process over and over, you build muscle and become stronger. What a great analogy for our personal finances! Most of us have lived all of our lives in a comfort zone. Our spending and saving habits fall within a set range. Our debt levels rise and fall within a set range. I was talking to one new client that told me that she has been going through this cycle for 35 years! She would save a little, follow some guru or fad for a little bit, get better and then find that she would get back in the same shape again. The definition of insanity is doing the same thing over and over expecting different results. If that’s true, then why do we stay in our comfort zones? Is it fear of the unknown? Fear of success? Failure? I think for many of us, it’s a combination of all of these. In order to grow, we must make ourselves uncomfortable and stretch, to the point of tearing if necessary. How does this apply in our personal finances? 1. Learn, Learn, Learn and Learn Some More – As adults, many of us leave school and think “I’m glad that’s over.” The fact is that in life you are either moving forward or moving backward, there is no standing still. When we stop learning, we stop growing. There’s no such thing as success without sacrifice. Often the needed sacrifice is our old mindsets.
Wisdom is better when it’s paired with money, Especially if you get both while you’re still living. Double protection: wisdom and wealth! Plus this bonus: Wisdom energizes its owner. – Ecclesiastes 7:11-12 MSG
2. Capitalize on Mistakes and Confront Deficiencies – Don’t let your failures define you. Let them refine you. When you focus on learning from your mistakes and having others help in areas you are weak, you will go much further in life. Seek the guidance of other successful people who can help you in areas you are weak.
In fact, though by this time you ought to be teachers, you need someone to teach you the elementary truths of God’s word all over again. – Hebrews 5:12
3. Work Hard, be Diligent – Successful people do those things unsuccessful people don’t want to do. For many of us, the concept of work is clock in and clock out. For wealthy people, that “clock” doesn’t exist. For some people, that may be getting a second job, starting a business, joining a network marketing company or simply having a garage sale. Whatever you choose, choose to do it well.
A sluggard’s appetite is never filled, but the desires of the diligent are fully satisfied. – Proverbs 13:4
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