Typically in our society wealth is equated with how much money we have. Wealth can mean different things to different people and what it means to you comes down to your core values.
As a money mentor I love to listen and learn from as many different experts and differing perspectives about money as I can. So it was with eager anticipation that I attended Dr John Demartini’s recent talk on wealth in Auckland.
I wasn’t disappointed, it was fascinating. I could really relate to what he was saying. It isn’t just about changing your money behaviours, you need to go much deeper than that and explore your beliefs and core values.
When you ask a room full of people how many of them want to be financially free most of the room put their hand up. When you ask the same room to put their hand up if they are financially free, very few do. Why is this?
Dr Demartini sums it up like this. “We fantasize about the lifestyle of being financially independent but have the desire to spend money, not to create wealth”. These are two very different sides of the coin.
So why can so few people seem to create financial wealth? According to Dr Demartini’s research if creating wealth isn’t in your top three values it probably isn’t going to happen for you.
The first thing you need to do is work out what your core values are. You will become wealthy in whatever your highest value is. For example if family is your highest value, then you will nurture your family, be the best parent that you can be, and quite probably sacrifice your own financial wealth creation for your family. Your wealth will come from the love and respect that your family has for you. Your hope (or maybe plan) is that will flow on to them looking after you financially if you can’t do it for yourself.
Where are you right now?
Are you on the path to financial freedom or just dreaming about it whilst you spend your money on the here and now?
If you don’t like the results you are currently getting, look at your behaviours. Are you behaving in a way that is generating wealth?
If you answer no to that question then you need to take a step back and look at your beliefs and you underlying values that are guiding your life and your decisions.
If you need some help understanding your money mindset and behaviours then talk to us.