All achievements, all earned riches, have their beginning in an idea.
- Napoleon Hill
Of course, yes! Is it simple yet effective! What if you could change your current thoughts about money? But if you fuel unwanted feelings and persistent negative thoughts about your current investments, then how can you even think of a better alternative?
Everyone suffers from self-hatred and guilt.
What most of the people opine about themselves is, “I’m not good enough.” However, the good news is that these are only thoughts and thoughts can always be changed. Here, I recommend an impactful book to drive a positive change in your thoughts–“You Can Heal Your Life”- by Louise Hay.
Usually, my prospective clients come to me with similar cynical thoughts after not being able to make their investments work as per their expectations. Besides, they have the guilt of not taking care of their money.
“My portfolio and investments are not good enough!”
This creates the feeling of money not working for that person.
So what can be those factors that can cast a hole in your ship of investment?
In terms of investment, below are the six reasons that can prove to be fatal.
When you are thinking of your better future, these six factors may cause you maximum damage.
The reasons are summarized as:
I have seen that most of the people are clinging to almost all of the above factors. They hold these factors responsible for their failure of their investments. It is human tendency to force the blame on something or someone. However, in my opinion, such failures are rather a sign that you need to gain more understanding and knowledge of the market.
“The gateways to wisdom and knowledge are always open.”
However, when we create such blame-game situations, we give our power away by blaming the circumstances or specific people for our frustration. But can any person or anything have that power over us?
Are you not the only thinker in your mind?
When you create peace, harmony and balance in your mind, you will find the same in your financial life as well.
But how do we create this power? What is this balance?
Is it inside us?
Alternatively do we seek it from an outside source?
Do you usually find yourself saying, “Every time I invest, it doesn’t work?” “People come and criticize me; they give me suggestions for better returns.” Evaluate if this is your thinking pattern. If yes, there may be some thought you might be harbouring that attracts similar events or people who display the same behaviour. But, when you no longer think that way, will they NOT go elsewhere? Those people will go to somebody else. Those events will not happen to you anymore! You will no longer attract them.
You may have noticed that whatever thought you are hosting at this moment, could be negative or positive. Do these thoughts help you in creating your future?
The answer is ‘yes’.
Well, “the only thing we are ever dealing with is a thought, and it can always be changed.”
You can always change your today’s outlook toward the past. Isn’t the past over? You cannot change your past now. You can however change your thoughts about past events. Why would you blame someone in the present moment just because someone distressed you long ago?
Change your thoughts now to create a better future.
Transporting the future to present requires cleaning up of the past. Make space for a better future.
In the next chapter, we will know more about the power of your thoughts and how to use them in your favour.
Taressh Bhatia is a CFPCM CERTIFIED FINANCIAL PLANNER CM and is the founder/partner of Advantage Financial Planner LLP – A firm Registered with SEBI (Securities and Exchange Board of India) as RIA (Registered Investment Advisor).
If you have Liked the blog You can read more in the book – The Richness Principles.