To improve your financial position, to grow your wealth and ultimately achieve your notion of financial freedom, to become rich, you need to be in a state of constant learning.
And if you do maintain a learning process you are far more likely to achieve success than if you assume you know it all, especially if your knowledge to date hasn’t gotten you the results you are looking to achieve.
Before proceeding to discuss FOCUS, it is important to pause here and consider what it is that ‘Financial Freedom’ means to you. A lot of the time we hear people talk about being free, or being rich and wealthy, but what does it really mean.
Everybody will have a different definition. But it is important to define what it means to you. For example, is it an amount of money in the bank, is it an income level that exceeds your costs, is it a passive income stream that exceeds your costs?
Spend the time to define it, be detailed and precise. Know exactly what it is that you are aiming to achieve.
Our brain has an incredible power to deliver us what we want, as long as we a clear and precise as to what it is.
If you are to describe financial freedom as having a lot of money, the brain doesn’t know what that is and therefore will struggle to assist you to achieve the outcome.
However, if you are to say that you want a passive income of $1,000,000 in 5 years’ time, this is a far more specific outcome and your mind will be able to work with you to assist the achievement of your desired outcome.
This is where FOCUS comes into play.
When it comes to your focus, my research has shown that the best in the self-improvement industry, people like Anthony Robbins and T.Harv Eker, teach that your focus is crucial to your success. T.Harv Eker has a great saying, ‘What you focus on expands’. This is a relatively simple concept to understand, what you spend the most time thinking about, focussing on, expands.
If you apply this principle to your life, what does it tell you? What do you spend the most time focussing on? Is it your financial goals, or is it the next social media post, or the latest bad news story in the news.
One thing I would highly recommend to improve your focus and mindset is to stop watching the news. There is only so much bad news one can take each day and if you prefer to have a happy and positive mindset each day then the news is not going to be the place to assist.
I stopped watching the news 12 months ago and frankly, I don’t think I have missed out on anything. If something major occurs I eventually find out, whether that be on the day or within a week or month.
I feel my opportunities to be and remain positive are far improved by not knowing about the latest tragedy in the world.
So what do you focus on?
Here are some basic steps to take to determine your focus.
1. Spend 30 minutes each morning writing a journal. Just get your thoughts down on paper and see what comes to you. You will be amazed at how effective this process can be. If 30 minutes is too much, start with 10 minutes and work your way to 30 minutes.
I have been undertaking a journal process for over a year now. I don’t often get it done first thing in the morning as I exercise early 6 mornings a week, but I incorporate the process in my day and make sure I clear my head by writing for 30 minutes.
You just write whatever is on your mind, the key is to keep the pen moving, and that way you give yourself the best opportunity to dig deep into the subconscious, which is where the real gems come from.
The Investor’s Way is a direct result of the journal process. I have had a number of significant breakthroughs from this process.
2. Write a list of your wants – keep writing for as long as you can, no matter how trivial you think the want might be. You should be able to fill a page.
Once you are done, reflect on the list, what are the dominant themes?
Group the ones that appear similar together. It is highly likely that as you group them a theme or story will emerge.
This theme or story will guide you to where you want to direct your FOCUS. Listen to what your list is telling you.
3. At night spend 10 minutes reflecting on your day, what activities did you prioritize? Did the activities you prioritized match your dominant themes?
When you do these steps there are some key outcomes I want you to notice.
The single most important learning from this exercise is that unless you are prioritizing your wants and aspirations, it is highly likely that you won’t be making progress with them. Harsh but its reality.
In order for you to make the progress you are seeking, you have to FOCUS on what you want and go after it with passion. Make it a priority in your life.
What you focus on expands, and with that comes success.
Tell me what your wants and aspirations are, what are your fears and struggles with investing. Leave me a message below. I love to get feedback and will read all the comments.
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