Financial Freedom - Part 3

#3 Getting financially desensitized

Did you already read Part 1 and Part 2? If not make sure you check those out first so that the flow of this education makes sense.

One of the metrics which separates individual in the category of financial freedom is their ability to be desensitized from the monetary gains and losses. Normally, it's the demographic that is an emotional basket case, both positively and negatively, as a direct influence on their finances, who end up losing their networth overtime. They make rash decisions, act out of panic, and give in to decisions that are normally foolish.

Understanding this normal middle class behavior... smarter money move in opposition and capitalize on your emotions. It works quite well... and I actually quite like it. Why? It forces you to become a master of your emotions, instead of a slave to your mind. No body got anywhere from saying YES to things. It's in the ability to say NO where success is truly found. At least that's my position in life.

The best analogy I have for this part of financial freedom is equivalent to when you get that car you admired. Now I realize for many, they have never driven their dream car, but let me explain how it goes. It feels special for all of 20 minutes, 20 hours, 20 days, or rarely 20 months, but it quickly and eventually dwindles off because it gets old. The exact same outcome occurs with financial freedom. It gets old quick. You'll still be the same person, with the same thought patterns and insecurities. The only difference is that your definition to the perceived value of money, usually means you start acting out of invincibility. Why? Because you haven't achieved the position of a financial leader yet. Learn more about that here.

When you learn to make a lot of money, eventually the thought of having a lot of it doesn’t excite you anymore. Same thing with financial loss. When you lose enough money, the idea of financial loss won’t be as morbid anymore. I think this is where most people go wrong. They are too afraid to lose money.

Am I saying go on and invite a bunch of financial loss?

Well... this is where I will lose some of you.

Personally... I always tried and buy the expensive thing. I never skimped out... even when I didn't have a lot of money. Smart? Maybe not to you.

But I'll tell you this - by behaving like a person who spent a lot of money... I was forced to find better ways to make more money. Think of it as a state of expansiveness.

When you're not living in scarcity... and see that money is truly out there... you just have to align your skills for it to find value / attraction towards you... you start behaving differently.

Let's face it... the system is also catered to the truly irresponsible. They have to be. It's why the system teaches you to be afraid of financial loss. Now, I am not adamant that you should just invite endless losses and not care or do anything about it, no - quite the contrary. But I am trying to explain that the emotional roller coaster which is you, needs to understand that financial worry truly only goes away... when one has a process to make it. If one is always "reliant" on someone else or something else in order to make money... they will always be worried. Especially when funds get scarce. 

I should discuss why we are afraid of financial loss. It has been studied numerous times and found that most people associate financial loss with mortality.

Why are people so morbid about financial loss? It actually stems from human’s need for social and interactive approval in life. Namely in what department? Quality of life. People don’t want to give up their quality of life. Even what little they may have; they don’t want to give up the little quality. A lot of times because their identity and ego is wrapped up in it, or they’re just extremely paranoid about change. We are creatures who don’t like change and what bigger is an ask for change than than a financial loss. Especially a big one? 

What’s even more important to understand is that the “fear of financial loss” is actually a socially conditioned response. It's been learned and picked up by seeing and experiencing life in a social setting. Possibly from your parental upbringing. “Save your money for a rainy day” they said, or “Don’t waste money” they said or “don’t buy expensive things, go to Walmart” they said. Etc. 

What I like to analyze is the stove burn example. Have you ever cooked food and burned your hand on the stove? Did you stop cooking? No. You learned to stop placing your hand on the part of the boiler, which would give you pain and injury. Losing money is the same thing. It’s not fun. It no doubt will hurt and burn.

But therein lays two choices. Learn what NOT to do to avoid losses...

Continue living in fear, in case you lose money again. 

I chose to learn what NOT TO DO... and you're seeing this theme reappear again. The obsession with learning when to say NO... has a lot to do with the reason I'm successful.

What's the problem 99% of people face? They learn the wrong lesson. They learn that by losing money, it means they will NEVER work with money again. It's a very immature and passive-aggressive response. In fact, I will go as far as saying it is a powerless and hopeless response.

Instead of actually doing due diligence to find out what went wrong, most people grow impatient and give up. Then their systemic mindset crawls in, and all the conspiracies about why they will never make it become the forefront of their active thought process.

Alternatively, without much inconsistency, it's been my experience that people who went from nothing to financial freedom have a very different response to LOSSES. Losing money didn't result in them giving up. Quite the opposite, they got fueled even more by the challenge of screwing up, and they obsessed with educating themselves further until they mastered the game of achieving financial freedom. They didn't give up until they make it. What I believe to be the path of a real leader in formation. Don't you?

Because I don't know what you think... but in my books... a leader is a person who constantly grows and finds ways to elevate his/her surroundings through lesson... wisdom... and action.

Where I think most people go wrong with this is that they have an all-or-nothing approach. They either go all in, and lose it all, or they are too scared and don’t dabble at all. What I believe people need is psychological awakening, education, and a will to learn about making good financial decisions. And when the majority of people don't learn about finances until their older, what expectations can one really have of the middle class... when what they need is a blog post like this... that hits them with some raw and perhaps sour truths... in order to wake up to the reality check that more action is needed...

The journey to figure out trading, tax efficiency, and investment in good IPA's, takes a lot of trial and error. You can hire coaches who have been there and done that, and all they do is just short-cut the TIME the information you need to not go down a horrible path. You then can take their teachings, and mold them into your own individual outcome... if you get obsessed enough.

To think a coach can "make you financially free" is a big mistake... please never hire a mentor if this is how you think.

Good situational awareness leads to good decision making as they say. So, get good at situational awareness – specifically surmounting financial freedom. Once you gain good situational awareness, you can start working on desensitizing your fears over the losses and trust yourself in that you have a process to make it, and that you will make it back.

How do you gain good situational awareness? You get educated.

If it's my help you want then get yourself into a game planning call with one of my assistants.

They will go over program details, how much time is needed, and pricing options. If it's a good fit, they will book you into a call with me and I'll determine if I can help you. We don't sell by pressure or through any shady tactics. You either want to do this, display willingness to learn, and come into it with an open attitude... or enrolling you would be an unethical move and likely result in a negative testimonial. It's why we do things slowly... and the reason why I enroll every single person I choose to work with. Do I turn people down? Sometimes. Some people approach trading with a "scratch" ticket mentality thinking it's the lottery. I can't help those people.

If you're one of those rare people who is willing to get to work, book your game planning call by clicking here.

Liked this read? See you in part 4