I know you can't wait to read this post but I'd first like to put forward an exercise:
If I were to give you 5million dollars this minute; think about 5 actions you will take two days as a result?
Before you read on; take about 5mins to list down those 5 things. Are you done?
Now you can read the rest of the post.
See, that simple exercise says a whole lot about your financial mentality. If you have a wrong mentality financially, no matter how educated you are, you are always going to get it wrong. I read about the story of Mike Tyson, the once highly acclaimed boxer. Tyson with his hands made USD$300million early in his career but in 2003, he declared bankruptcy. The question is; what happened to the money? Answer: His Mentality happened! The question of success in life, is often a question of your mentality.
If you have the wrong mentality about something, your ability or capability makes no sense. For instance, if you want to get married and you have the wrong mentality about marriage, no matter how loving or caring you are; your marriage will not last. If you want to start a business and your mentality is just wrong, you will soon close down. I met someone who dropped out of school in his final year and when I asked him why; he said "It was too hard; too full on". How then did you see the first few years through and you dropped out when you're almost done; was the question that kept ringing in my head?
Think of your mentality as a spectacle. It is the way you see and interpret things. The way you see events in your life influences the way you act or react to them. Imagine a shortsighted person wearing a spectacle made for someone with Long-sightedness? Such a person will soon fall into the ditch; it's only a matter of time. Wear the right spectacle for the events in your life because "if you change the way you see things, the very things you see change".
I am sure you're probably wondering; how do I change my mentality? Watch out for my next post: 5 ways to change your spectacle.