Decisions Decisions
I can fix most of what's preventing you from winning
I want to walk you through a logic loop on how you make decisions.
As controversial as this is, most people that struggle financially have a problem with this. Meaning if you are broke, or not where you want to be financially it’s a problem with your decisions.
Disclaimer: It’s not your fault unless you are 13 or older.
For north of a decade i’ve been working with entrepreneurs, young and old that want to change their financial future.
Young people wanting to avoid the 9-5.
Old people who want to actually be able to retire and provide a legacy.
Regardless of age, it’s all the same.
In my journey, when I started to identify how I made decisions (the process) and change it…my finances changed. Radically!
This isn’t a quick fix.
This isn’t going to happen over night.
01. Identify
There are core areas of your life. For most people it’s most of the following
Where you work
Who you spend time with
Who you married
What you watch
What you listen to
What you do in your spare time
What you read (if you read at all)
How you view money
How you spend money
How you save money
What you invest in (if at all)
What your flow of money looks like
All of these are decisions.
All of these you have a direct connection with the decision and the outcome.
Let’s break them down a few of them
01 - Where you work.
You get to choose this. You chose that profession or that job. You could just as easily find/get another job in an industry or position that would better your life. Example: A job in finance could help you learn and grow in the area of finances.
02 - Who you spend time with
When I started changing this my finances changed. I lost / let go of many of the people I knew at the time. I purposely started to get around people who were at a level I wanted to be at. I kind of snuck into their circles and listened a lot. This is a direct choice you make.
03 - Who you married.
I hate this one. It’s so difficult to tell someone that their spouse is them back from accomplishing what they want to financially. I don’t mean that he/she is spending too much money on ____. I mean they don’t allow you to invest or spend the shared money into things that. You’d be surprised how many times I hear “I need to ask my spouse” , “my spouse said no”, “my spouse won’t do it” etc… Think about that for a second. They won’t allow YOU to better YOUR (joint) finances. 🤯
I think you get the idea. I won’t go through them all. You make these decisions. Often times it’s again and again and again. Some of these decisions you’ve chosen wrong 100’s of times. Sucks huh?
02 - HOW you make them.
What’s the process?
When you have major decisions, or just decisions about finances in general, how do you make them?
Is there a process?
Do you sleep on it?
Run it by spouse, friend, pastor?
Google it / Research it?
Assess it financially?
Weigh the pro’s and con’s?
What’s your process?
I’d like to challenge this. If you’re continuously finding yourself in a situation where your finances aren’t where you want them to be…it may very well be that HOW you make decisions needs altered.
I usually make my decisions like this.
How CAN I afford it. ( I NEVER say I can’t afford it. That’s weak).
Am I buying an income stream?
Am I paying off debt that therefore creates an income stream.
Does this make me uncomfortable? (if yes…good).
Does this align with the life I want to build.
That’s it.
If it fits those I say yes. It should only take me a few minutes to decide.
In fact, most of the times I know the answer before the opportunity or decision even arises. YES>
You all know this by now but one of my favorite quotes is:
If you always do what you’ve always done, you’ll always get what you’ve always had.
Guys, there’s a lot of broke people who sure watch a lot of t.v.
A lot of people with bad checking accounts that sure go out to eat a lot.
A lot of people going to the bar that have 0 retirement.
Decisions.
Do a self audit and see if there are decisions you can start to change to get you to where you want to go.
-J