Systems for Success

JB: "What if your subconscious is secretly capping your wealth? "

It's Wednesday β€” an ideal day for upgrading your money goals from "pay rent" to "buy apartment building."

What if your subconscious is secretly capping your wealth? Today, we're cracking the code on your limiting beliefs on wealth.

In this edition:

  • 3 keys to adjusting your money mindset

  • A 30-day plan to fix your wealth DNA

Read time: 4 minutes

INSIGHT

Systems for Success 🀝

The Big Picture: Think of your money habits like a temperature control in your house. Just like how a thermostat keeps your room at a certain temperature, your money habits tend to keep you at a certain level of wealth.

Why it Matters: Understanding your "money temperature" is really important if you want to become wealthier and stop holding yourself back. To get richer, you need to change these habits.

There are 3 main things to know about your money temperature:

  • Your Goals Matter: The goals you set for yourself affect how successful you'll be in the long run.

  • Different Areas, Different Habits: We have different habits for different parts of our lives (money, relationships, health).

  • You Can Change: Even though we all start with certain habits, we can change them if we try hard.

Here's how to improve your "money temperature":

  1. Figure out what your current money habits are (see Action)

  2. If your goals are too low, you will always struggle with money

  3. Set higher goals for yourself

  4. Find different ways to make money to help you reach your bigger goals

Once you understand this, you'll see that changing your money habits is super important if you want to become wealthy and successful in the long run.

The Main Point: Don't be happy with low money goals – aim high and work hard to improve your habits.

ACTION

Fix Your Limiting Beliefs in 30 Days πŸ“…

Each of us has an inner thermostat setting that sets the standards for our long term success.

Your financial set point is a crucial part of this inner thermostat. Here's how to recognize it:

  1. Income Tracking (Days 1-30)

    • Record all income sources daily

    • Note any resistance to earning more

    • Observe emotional responses to financial gains or losses

  2. Expense Analysis (Days 1-30)

    • Log every expense

    • Categorize: Necessities, Lifestyle Choices, Investments

    • Reflect on Alex Hormozi's wisdom: "Your lifestyle is the competitor's advantage"

  3. Financial Comfort Zone Assessment (Day 15)

    • Write down: "I feel financially secure when I have $XXX in the bank"

    • Note: "I start feeling uncomfortable when my income exceeds $XXX/month"

    • Reflect: What beliefs are driving these feelings?

  4. Success Ceiling Check (Day 20)

    • List instances where you've sabotaged financial opportunities

    • Identify recurring patterns in your financial decision-making

    • Ask: "What's the maximum amount of money I believe I deserve?"

  5. Lifestyle-Income Alignment (Day 25)

    • Calculate the income needed to maintain your current lifestyle

    • Determine if your lifestyle inflates with income increases

    • Consider: Is your lifestyle holding back your financial growth?

  6. Set Point Identification (Day 30)

    • Review all data collected

    • Identify recurring themes or patterns

    • Determine your current financial set point based on your consistent behaviors and emotional responses

Action Steps:

  1. Commit to the 30-day assessment period

  2. Be ruthlessly honest in your observations

  3. Look for subconscious behaviors that limit financial growth

  4. Recognize how your lifestyle choices impact your financial set point

Your financial set point is not fixed. By recognizing it, you've taken the first step towards adjusting your inner thermostat for greater financial success.

One Funny Thing 🀣 

Not sure Toys R Us can afford it…

How disappointed would you be if you couldn't read the Wolf on Wealth?

Login or Subscribe to participate in polls.

Publisher: Jordan Belfort

Editors in Chief: Brock Swinson and Davis Richardson