Maybe you’ve asked yourself why there are some people who are struggling in this life with money. They live paycheck-to- paycheck, or as we say it in Filipino, isang kahig, isang tuka.
Why is it that there are people who struggle so hard with money? They just got their monthly salary, and already they have no more money. They always make use of their credit cards, and max out their credit limit.
They always borrow money from their friends and relatives. Some would even resort to pawning their ATM cards just so they can get enough cash to get by. As I always say in my seminars, “A person’s wealth starts with the health of his mindset.”
Here is the formula that I always share in my live sessions:
MINDSET + ACTION = RESULT
WRONG MINDSET = WRONG ACTION = WRONG RESULT
RIGHT MINDSET = RIGHT ACTION = RIGHT RESULT
It would be impossible to expect a tomato for a fruit if you planted a potato.
This is why it’s very important to check our mindset – what we are thinking about on a day to day basis.
There are people who have a wrong mindset when it comes to money. And this is the answer to the question we were asking earlier: “Why are there people who are constantly struggling when it comes to money?” They are the people who focus their thoughts only on the things that they don’t have. They are the people who keep on thinking to themselves, “I can’t do that.” They are the people who have what we call “scarcity mindset” or “poverty mindset”.
Even if they are already getting by well, they still think that they are poor.
Even if they need something really bad, they still don’t buy it.
And when they buy something, they don’t want to use it for fear that it might get old.
They have the hardest time to put out money – they think that they will run out of it every time they have to spend.
They would even resort to doing wrong and doing injustice to other people just to be able to get something for free.
You can’t even ask help from them even if they are in the position to help.
In other words, even if they are able and part of the middle class, they still think that they are living below poverty.
If you know these types of people, don’t envy them.
Even if they are rich outwardly, they are poor inwardly.
Money is earned to serve us, and not the other way around. Money is earned for us to have joy, and not to have sorrow.
Money is meant to be enjoyed, and not meant to make us feel pitiful.
THINK. REFLECT. APPLY.
Let’s search our hearts – what do you feel every time you spend money?
Do you enjoy or do you always fear that it might run out?
Do you always find yourself worrying about money?
(Chinkee Tan is a top Filipino motivational speaker, wealth and life coach whose goal is to inform, educate, motivate, and disturb. His vision is to help people become financially-literate and debt-free. For more info about Chinkee Tan, please visit his fan page at FB, Twitter and Instagram. Also follow VIBER PUBLIC CHAT GROUP search chinkee tan, and VISIONCHINKEE on You Tube for more news and encouragements.)