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Check Out Your Money Stories

Written by: Jeanna Gabellini

Article Overview: We all have stories we tell about money. If not aloud, then in our heads. Most of the time they are being told in the background of our thoughts and we don't pay them much attention.

Check Out Your Money Stories

We all have stories we tell about money. If not aloud, then in our heads. Most of the time they are being told in the background of our thoughts and we don't pay them much attention.

I am not talking about stories like, "Hey, Bob did you hear about the time I tripled my income?" I'm talking about the stories we make up in our minds about the events that have happened in our lives about money or you assume will happen in your future. Many of the stories (okay, most of the stories!) are not even true stories.

Maybe you purchased a home and had tenants move in so you could gain some cashflow. Then either the real estate market went south for a moment or the tenants trashed your home. Now would be the time most people would make up a story about this investment. They may make a choice to never buy rental property again based on this one experience. Is this wise? Maybe. Let's take a deeper look.

When people have a negative experience related to money, they tend to start generalizing their opinions about the circumstance of the events. Back to the example of real estate. Someone may make up a story that owning rental property is a pain in the butt (I've heard this one a lot!). Is it true? But it doesn't have to be. You can create situations to be completely profitable and effortless with a rental property. I myself have been a renter and always treat the home as if it were my own. I like it to look beautiful, clean and fabulously landscaped. As a renter, I always paid the rent on time. Why not attract a renter like me?

You get to decide on what you choose to have in your experience. If you notice something going astray in any investment or money dealings-change course! Do not decide to be victim to the circumstances. There is always a solution for you to get what you want, but you have to be willing to get both your mind and actions to head 100% in the direction of what you want. You do not have to create chaos to get there either.
Have you ever heard of the Law of Momentum? Isaac Newton talks about it in a more scientific way but I'll give you my bullet point on it. When you get something in motion it will start going faster and gaining in mass. Think of an avalanche of snow. A skier can ski through snow that has not been touched on a mountain. He hit a patch that is not stable and a small crack is created. Within seconds the side of the mountain may be sliding downward. It picks up speed and more snow as it slides.

The Law of Momentum works the same way in our lives. In regards to our stories and perceptions about money, they grow as you give them more attention. If I have made up a story that no matter what I do I always have a ton of dough, you can bet that I will. The more actions I take to create new business or strategize with the money I already have, the more money mass I create. It is law.

Many people think that they can't have one goal until they reach another goal first. Most people make their decisions about which goals they obtain first based on their current income. Am I saying that you shouldn't make a plan with your money and goals? Heck no! But do NOT let money dictate the whole situation. If you do, you may be putting off some great experiences and the rise in your income. If I decide that I want to buy a new house, go to Italy, and refurnish my new home, I can let it motivate me to create a plan to have all three in a very short time span.

How? I get very certain that I will have them all. Then I start asking myself if there are any actions to take around this. I let the question initiate creativity. All the answers may not come at once. But if I let any negative stories occupy my brain it will take me longer. If I start believing any of my stories it may put a halt to the plan altogether.
Do you want your wealth to get bigger or your misconceptions about you and money?
If you are thinking any of the following, you are gaining momentum in the opposite direction of wealth.

Stories:
I'll never pay off my debt.
Debt is bad.
You have to start at the bottom or pay your dues.
I don't know how to make more money.
We're always strapped for money.
I can't afford it.
I have bad credit, so I'm stuck.
I don't make enough money to after my goal.
I am not good at marketing.
The stock market, real estate and/or business investing is risky.
I have to watch what I spend.
I need to be careful.
I wasn't meant to have a lot of money.
I don't care about having a lot of money!
You change your story. When you do, you will start taking different actions. Momentum will build in that direction and you will be quite delighted. You may even think, "Why didn't I do this sooner?!" ;-)

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Article Tags: cashflow, chaos, circumstance, circumstances, law of momentum, money, negative experience, owning rental property, pain in the butt, real estate market, renter, true stories



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