Our beliefs about money affect our view of how the financial world around us works. The assumptions we make, influence how we act in regards to money, what can be accomplished with money and even how much we will have. These Money Truths in many ways become our own self-fulfilling prophecy. Most people never realize this to be occurring and as a result get caught in their own cycle of financial success or failure. In order to change this, we have to examine how we interact with, think about and feel about money.
Let’s look at the Type A person. They are usually overloaded as a result of working under the belief that, ” The early bird catches the worm”, ” successful people are the first to come and the last to leave”,” if you aren’t busy all the time the competition will catch you”. There are three diagrams that offer a different perspective on the beliefs that usually drive high-striving people:
• The Human Function Curve shows that performance and productivity increases will reach a point of diminishing returns and even will move towards decline. After that point, stress and arousal increases, working longer, working harder becomes counterproductive. Both the mule and the wagon become overloaded.
• When we are tired we become less efficient. When we are less efficient the task at hand takes longer. When we are driven to work longer, we have less time for pursuits outside of work. Family time, exercise, hobbies even sleep are pushed aside. This means that the things we cutback on when we are under pressure are the exact things that could reduce stress, increase energy and as a result improve productivity. This is shown in the Inefficiency Cycle. Sometimes the secret of improving productivity is to work fewer hours and to give yourself the time you save for rest, relaxation, sleep, exercise, socializing, entertainment, hobbies, etc.
• The Problem-Solving Model shows that sometimes the best way to solve a problem is to get away from it. Certain kinds of timely time-outs allow your subconscious mind to work on the problem.
In order to deal with our beliefs we must first recognize them. Ask “Why am I doing what I am doing? Do I really have to do this to get things done? Where did I first get the idea that to be successful things must be done this way? Who or what says this is true?
Once we start challenging our beliefs we must be willing to look at things from a different set of glasses. Be willing to modify your thinking, discard outdated or misguided approaches. Keep in mind what you want to accomplish. Remember you are in control.