Managing your finances is no small task. From living below your means, staying out of debt, saving and investing for your future and more, there’s certainly a lot for us to do. However, money management has a lot to do with your beliefs, how your brain works and the momentum you can build for yourself.
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Financial guru Tony Robbins preaches that you need to train yourself if you’re looking to excel, which can also lead to growth and success when it comes to your finances.
Here are three lessons from Tony Robbins’ seminars and his book, “Unleash the Power Within,” that can be applied to your finances.
At one of Robbins’ seminars, he explains that eliminating your limiting beliefs and replacing them with empowering ones is a crucial step to take back control of your life. Otherwise, your situation probably won’t change.
“You have to come up with a new belief or you’ll stay in a lousy place,” explained Robbins.
His overall philosophy highlights that our beliefs ultimately give us the power to take action or prevent us from acting, which is why replacing disempowering beliefs is so important. Once you can identify and work towards changing your limiting beliefs, goal setting and following through become the next steps.
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“Anytime you make an important decision or you set an important goal, in that moment you want to do something to take action that commits you to follow through,” highlighted Robbins.
You might tell yourself, “I’ll never be good with money,” or “I’m just not meant to be wealthy.” Replacing these with empowering beliefs such as “I can learn to manage money” and “I can grow my wealth” lays the foundation for financial growth.
In another of his seminar videos, Robbins posed an important question to a member of the audience: “What if your focus on growth is the only thing limiting your growth?”
Overthinking usually isn’t effective. If you focus too much on growth, especially in an obsessive way, this in and of itself can ironically hold you back. Sometimes, the result you’re striving for can become the barrier preventing you from success.
By learning to reprogram your mind and challenging your existing beliefs, you can feel more relaxed, which may make it easier to make better decisions and take effective actions toward your financial goals.
“The best version of yourself is where there’s ease,” explained Robbins.
