How To Change Your Mindset and Change Your Life

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7 years ago

Your brain is the most powerful tool and asset you have!

You are limited by your beliefs, if you believe you cant do something, then you cant, pure and simple.

However if you change your beliefs and believe you can do something you can, do it and no one can stop you no matter how many time you fail.

This can work for all aspects in life, health wealth and happiness, your mind is a powerful tool.

How can you expand your mind and believe you can do anything?

By doing research and reading books about successful people who have already achieved what you want to achieve.

1 book that totally changed my views on money, and making money was "rich dad poor dad"

In this book it shows the difference mindsets between the

poor,
middle class,
and the rich,

It show you how the rich get richer, and why the poor and middle class get poorer.

This table show why the rich get richer and how the middle class lose money.

You finances can be broken down into 4 categories

Income: Money you make
Expenses: Things you have to pay
Assets: Things that bring in passive income
Liabilities: Things that cost you money

The poor get an income and spend the lot on expenses or small little thing
They make little money and spend the lot.
for Example they make £16,000/ year and spend £16,000

The Middle class make more money, but they buy liabilities
they buy thing like expensive cars boats and have to pay monthly repayments, this increases there expenses,
They tent to get caught in a trap of making £150,000/ year but spending £160,000/ year
this can only be done so long before they have to sell stuff or downsize

This is where the rich are different they spend there money on assets, the assets bring in more money know as cash flow.

There more assets they buy the more money they get each month, passively

Once your passive income over takes your expenses, this is when you become financially free!

The book was wrote years ago, well before the internet, so he talks about real estate as passive income,

Now you can make passive income on line, from websites, blogs, youtube, ebooks, this can be better that real estate because it has a lower down payment.

To know if you are financially free ask yourself this question:

If you quit your JOB today would you have enough passive income coming in to pay all of your expenses?

After I read this my brain clicked and I started thinking how can i increase my asset's and how can I get my girlfriend to stop spending everything lol

This literately changed my though presses about money over night and helped me reach my goals

I recommend you read this book or even watch a few YouTube videos with Rich Dad Poor Dad - Robert Kiyosaki's