This archive report was first published on 17 November 2019.
Breaking Free from Financial Struggles ¶
As we bid farewell to a challenging year, many of us are left wondering how to improve our financial situation in 2020. To achieve this, it's essential to identify and break free from habits that perpetuate poverty.
One such habit is the inability to afford. People often say 'I can't afford it,' but this phrase is an incapacitating declaration that shuts down all possibilities and resourcefulness. Instead, we should ask ourselves, 'How could I afford it?' or 'What kind of value would I have to create to be able to have that in my life?' This mindset shift can help us adapt and create more value.
Another habit to break is the notion that we don't have time. We all have the same amount of time, but it's about where we put our time and energy. Assessing our situation, prioritizing tasks, and delegating responsibilities can help us make the most of our time. It's essential to focus on productivity rather than busyness, as hard work and the wrong philosophy can create limitation, not wealth.
Complaining is another habit that can hold us back. Broke people often complain about what's wrong, but the wealthy focus on finding solutions. To fix a habit of complaining, we need to know our value and preserve our time. This will give us the power to focus on what we can do, rather than what we don't have control over.
Lastly, blaming others for our failures is a habit that can prevent us from achieving success. Instead of making excuses, we should take ownership of our lives and responsibility for our lack of success. As John Bowen notes, 92% of people worth more than Sh500 million today own a business. This shows that success is not solely based on luck, but rather on our ability to take action and create value.
By breaking free from these habits, we can start building a more substantial life and achieve financial freedom.
Published on November 17, 2019
