Addressing Limiting Beliefs to Freedom
You don't know what you don't know.
That is why addressing limiting beliefs to achieve freedom should come first.
Why is addressing limiting beliefs to achieve freedom so important? Because they were formed based on experiences around money and freedom that may have been correct in the past or good for us at that specific situation or point in life and are now irrelevant.
Life is ever changing, and if these limiting beliefs are left unattended, they will only prevent you from doing anything and going anywhere you want.
Addressing limiting beliefs to achieve freedom can liberate you from hesitations, doubts, fears, and other forms of resistance that are impeding your progress. Here are 3 limiting beliefs that need to be addressed:
Money is scarce.
In many countries in Asia, specifically China, where I am originally from, parents and schools hammer students on their grades as if the only way to land the best job and to get the best salary is to be number one in school.
Life is full of surprises; there’s always a bigger fish tank out there. Once you start understanding that there's a vast abundance of resources flowing, all you need to do is position yourself within the right channels, and then your actions and mental state can all quickly change.
Hard work will make you successful.
Hard work alone does not get you to freedom. Working more than 12 hours per day does not ensure anything, including your promotion. There’s just so many factors involved at work and in life that most of them are out of your control, just as COVID forced companies to lay off their hard working employees, for example.
Hard work is not enough, you also need to think hard. You can have 1 to 2 jobs to get more income, but you can have 1 to as many assets as you like that give you multiple passive income streams.
Just like Warren Buffett says, "If you don't find a way to make money while you sleep, you will work until you die." No one wants that to happen in their lives, right? I mean, we've got to have some fun and work on our goals at some point in our lives.
Return on Investment (not just money).
Freedom is not just about money, it’s also about having the time to focus on things that matter.
Saving money may be essential in financial planning, but so is time. Sometimes, our saving habits that save us a little money here and there are not really worth all the time spent in between.
You may have saved a little money, but you lost too much of it when it took so much of your time. The time you should’ve saved by not saving money could’ve given you opportunities to meet with people with whom you can leverage your time and money.
For example, in real estate investing, if you spend a lot of time physically managing the property with unit turnovers, finding the right tenants, etc. Yes, you could’ve saved thousands of dollars most of the time, but you're not going to get the quality of results you’re expecting compared to leveraging the property managers’ experiences.
Sometimes, doing everything on your own makes you vulnerable to mistakes, which could cost you more than you should’ve spent when you let someone who is a professional do it for you.
Having experts manage other things for you saves you from intensive decision making that adds to decision fatigue and would have required your time and mental effort.
Here are some books that inspired me to discuss these things with you:
Rich Dad Poor Dad by Robert Kiyosaki
The 4-Hour Workweek by Tim Ferriss
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