Identify Your Financial Challenges and Barriers

Growing up, I always wondered what made wealthy people so differnet than the middle class or low-income earners. After all, we are all human and for the most part capable of the same things. If something has been done in the past, then it can be done again. It’s amazing how World Records are broken all of the time. As one person sets the bar higher, a new level of expectations for excellence is created, which drives people to the next level. When you change you change your mindset from those thoughts that may be preventing you from achieving more in life - whether financial or other personal goals - you can completely change your ability to achieve more.

I don’t watch a lot of television, but one of my favorite shows is The Biggest Loser. You constantly hear people on The Biggest Loser ranch saying, “I can’t,” but the trainers push people beyond what their mind would ordinarily allow them to achieve. The contestants constantly surprise themselves at the things that they are actually capable of, just because they had someone right there to enable them from removing any mental barriers.

Think about what it is you really want to achieve - not just to get out of debt or earn a six-figure income, but think about what ultimate goals you have. Be realistic, but stretch yourself beyond your belief system of what you are able to achieve and write down what your ultimate goal is. Most people think, “With a 5% raise a year, I can be making $X in 10 years.” That sort of mindset is holding you back from accomplishing what you are actually capable of. What big picture objective would you wish you could achieve:

  • Earn a million dollars in a year?
  • Build a multi-million dollar business?
  • Own multiple real estate buildings that bring in $100,000+ in monthly cash flow?

These goals may seem unrealistic at first, but they are obtainable. Figure out what your ultimate goal is, and then ask yourself what you need to do to get there. What resources would you need, what type of education would you need, and what barriers are in the way that need to be deconstructed? Work backwards in your thought process in terms of where you want to be, what you need to get there, and what you can start doing today to put the wheels in to motion.

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