Tag Archives: Mindset

Commit to Building Wealth

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“Change your mindset and change your life.”

If you think you can improve your financial situation, you’ll do exactly that.

“Change your mindset around wealth,” said Mandi Woodruff-Santos, co-host of the “Brown Ambition” podcast. “Tell yourself it’s possible to build wealth, that you can learn anything, and that you can do it! Once you begin to internalize your ability to build wealth, it makes it easier to take the steps needed to increase your earnings, start investing and learn along the way.”

It’s important to realize that no one is going to change your life for you. you must make the decision to learn, to grow, and to improve your life. The most important thing is that you get started!

There are five areas to work on in order to create the most efficient and effective change to your mindset – Your beliefs, fears, perspective, self-talk, and support.

CHALLENGE YOUR LIMITING BELIEFS

Limiting beliefs are the stories we tell ourselves about who we really are: shy, overweight, undeserving of love or success. But, they can be replaced with empowering beliefs.

Nearly everyone has some measure of limiting beliefs that prevent them from realizing their dreams and achieving great milestones. Those who are able to challenge and overcome them go on to achieve their goals. Those who don’t continue to live in negative patterns – and often don’t even realize it.

By rebuilding a positive set of habits, we are able to reach new levels of success* in all aspects of our lives.

FACE YOUR FEARS

When we have identified and gotten honest with ourselves about our belief system, we can then go deeper by really examining our fears. When we examine our fears, we ask ourselves questions like; what is the surface level fear? Where is it coming from? Is it a real or perceived fear? What is the underlying fear? What can I do to change my experience of it? And other such questions.

Fear is a destructive emotion; we often carry fears that we don’t need to. Overcoming your fears is a major step toward how to change your mindset for success.

SHIFT YOUR PERSPECTIVE

Learning how to change your mindset can seem overwhelming, but it doesn’t have to be. Sometimes all it takes to change your mindset forever is the smallest shift in the way you see the world. One choice that we can easily make is the meaning that we give to our experiences. Tony Robbins says, “Nothing in life has any meaning except the meaning I give it.” Do we see challenges as obstacles – or as opportunities?

When we start to make changes to our perspectives, we consider things like; how am I responding to situations? What am I doing, what am I thinking, what meaning am I giving things that I experience? When it comes to our perspectives a small shift with massive results.

CHANGE YOUR SELF-TALK

When you’re thinking about how to change your mindset, do you find yourself mired in negative thoughts? If you do, focus on your language to change your mindset. Change your self-talk starting with how you begin your day. If you plant positive language in your head at the beginning of the day, you’ll feel more energetic. You might find it effective to make a mantra for yourself, depending on how you’re feeling.

Change your mantra as often as you need to, in order to maximize your own power. In addition, remember that it’s okay to need to correct your course many times during the day.

To keep your positivity flowing, surround yourself with people whose mindsets reflect where you want to be. And remember, setbacks are normal. Bounce back from setbacks by reminding yourself why you want to change.

GET SUPPORT

Find some like-minded people whom you can share your experiences with, learn, and grow together.

These days it is pretty easy to find a group or forum online though you might need to try a few before you find a community that really resonates for you. In time many of the people in your life will see you grow and change and want to know more but for now, just find a few people who want to create change in their mindset (or have already done so) and enjoy the process!

References:

  1. https://finance.yahoo.com/news/top-expert-money-advice-better-230111509.html
  2. https://www.gobankingrates.com/money/wealth/top-expert-money-advice-for-how-to-better-build-your-wealth/
  3. https://www.linkedin.com/pulse/how-changing-your-mindset-can-change-life-the-mind-and-body-co/

Thought of the Day

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There are no limitations to the mind conditioned for success and achievement.

“Try as hard as you wish and you cannot be happy unless you BELIEVE IN YOURSELF!

Work with all the strength at your command and you cannot accumulate more than barely enough to live on unless you BELIEVE IN YOURSELF!

The one and only person in all this world through whose efforts you can be supremely happy under all circumstances, and, through whose labor you can accumulate all the material wealth that you can use legitimately, is YOURSELF!” —Napoleon Hill

When you believe in your ability to succeed…you completely transform your life.

Consumers Falling Behind on Monthly Payments

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AT&T announced that “more of its customers are starting to fall behind on their bills, a sign that rising costs are pinching many households even for services most Americans consider essential,” writes Drew Fitzgerald in The Wall Street Journal.

The company executives reported that subscribers were paying their monthly phone and internet bills on average two days later than a year ago.

Rising interest rates and higher prices on everything from groceries to gasoline this year due to decades high inflation have pressured consumer sentiment. “When you have 9% inflation, it tends to hit those in the low end of the market really, really hard,” said John Stankey, AT&T Chairman and CEO.

Dividend payout ratio matters

The dividend payout ratio is the amount of dividends paid to shareholders in relation to the total amount of free cash flow the company generates. In other words, the dividend payout ratio measures the percentage of free cash flow that is distributed to shareholders in the form of dividends.

AT&T’s current dividend commitment is for around $8 billion annually, or $2 billion a quarter. The company generated $1.4 billion in free cash flow in the second quarter, far short of the $4.7 billion that analysts were expecting. It means that AT&T’s free cash flow for the quarter didn’t cover its dividend commitment in the period.

References:

  1. Drew Fitzgerald, AT&T Says Customers Fall Behind, The Wall Street Journal, July 22, 2022, pp. B1-B2.
  2. https://www.barrons.com/articles/att-stock-dividend-yield-earnings-51658426833

Thought of the Day

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“You are never too old to set another goal, or to dream a new dream.” ~ C.S. Lewis

The legendary Alexander the Great, king of the ancient Greek kingdom of Macedonia, lived only to the young age of 32, but he built a great empire. During his 13 year reign, he conquered the eastern Mediterranean, Egypt, the Middle East, and parts of Asia in a remarkably short period of time.

You don’t need to match Alexander the Great’s accomplishments, but think intently about what you want out of life. And, once you do, focus on your burning desire in life and chase it with all your energy.

We never know when our journey will come to an end.

Mary McLeod Bethune: The First Lady of the Struggle

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“Believe in yourself, learn, and never stop wanting to build a better world.” ~ Dr. Mary McLeod Bethune.

Dr. Mary McLeod Bethune was an educator, philanthropist, humanitarian, and civil rights activist who founded the National Council of Negro Women and served in several capacities during the Franklin D. Roosevelt administration, including head of the Division of Negro Affairs of the National Youth Administration and advisor on selecting officer candidates for the Women’s Army Corps.

Tireless, talented and committed to service, Dr. Bethune founded Bethune Cookman College and served has its president. While leading the school, Dr. Bethune also held leadership positions in several prominent organizations.

Because of her dedication to improving the conditions of African Americans, she was called “The First Lady of the Struggle.”

A statue of the Dr. Mary McLeod Bethune was unveiled in the National Statuary Hall at the U.S. Capitol, making Bethune the first Black American to have a state statue in the hall’s collection.

“I plunged into the job of creating something from nothing…. Though I hadn’t a penny left, I considered cash money as the smallest part of my resources. I had faith in a living God, faith in myself, and a desire to serve.” ~ Dr. Mary McLeod Bethune

References:

  1. https://www.internetpillar.com/mary-mcleod-bethune-quotes/
  2. https://www.blackenterprise.com/black-educator-mary-mcleod-bethune-honored-with-state-statue-at-u-s-capitol/

The Power of Faith

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“Faith consists in believing when it is beyond the power of reason to believe.” ~ Voltaire

What is the Power of Faith?

One example of the “power of faith” is to imagine that you’re a passenger on a Boeing 747 jetliner and trusting that the law of physics applies regarding the lifting force generated by aircraft wings are sufficient to allow an inanimate cylindrical object that has a mass of several thousand kilograms to sustain controlled flight at an altitude of over thirty thousand feet for several hours and several thousand miles.

Faith is believing and trusting that aeronautical engineers properly designed the passenger jetliner, that manufactures, such as Boeing or Airbus, correctly assembled the technological complex flying machine, and that government agencies, like the FAA, reliably certified the jetliner as safe you’re currently flying on as a passenger.

Finally, faith is accepting that the pilots at the controls are adequately trained and experienced to fly the multi-engine passenger jet, that the maintenance technicians were competent and skilled in their duties to maintain the aircraft systems and prevent catastrophic failure while the aircraft is in flight, and that the operations watch standers are cognizant and alert to ensure no other aircraft will share the same volume of airspace at the same time with the jetliner in which you’re a passenger.

Bottomline, most things we do in life, such as flying the friendly skies, are based solely on conscious or subconscious faith.

Faith is believing, trusting and accepting the unknown or that which you cannot know for certain. In a way, faith is believing and trusting what you cannot be entirely be certain about.

It’s the complete and absolute trust or confidence in someone or something. Educator Dr. Mary McLeod Bethune was quoted as saying, “I plunged into the job of creating something from nothing…. Though I hadn’t a penny left, I considered cash money as the smallest part of my resources. I had faith in a living God, faith in myself, and a desire to serve.”

Believing and having faith in yourself will ensure you achieve your loftiest goals. You can say that faith is the key to living a better and more fulfilling life.

“Faith is the first factor in a life devoted to service. Without it, nothing is possible. With it, nothing is impossible.” ~ Mary McLeod Bethune

Gratitude

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“Integrate gratitude into your daily life.”

It’s essential to find gratitude every day.

Gratitude means thanks and appreciation for all things. It’s the state of feeling grateful — a conscious, positive emotion one can express when feeling especially thankful for something, whether intangible or tangible.

Robert Emmons, in a Greater Good essay, “Why Gratitude Is Good”, argues that gratitude has two key components:

  • “First, it’s an affirmation of goodness. We affirm that there are good things in the world, gifts and benefits we’ve received.”
  • Second, people should “recognize that the sources of this goodness are outside of ourselves. … We acknowledge that other people—or even higher powers, if you’re of a spiritual mindset—gave us many gifts, big and small, to help us achieve the goodness in our lives.”

“Gratitude is “an affirmation of goodness and a recognition that this goodness is sourced outside the self.” This doesn’t mean that life is perfect and peaceful, but when you look at life as a whole, gratitude encourages you to identify some amount of goodness and joy in your life.” Dr. Robert Emmons

References:

  1. https://greatergood.berkeley.edu/topic/gratitude/definition
  2. https://www.brownleeglobal.com/gratitude-research/

Gratitude Research

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Gratitude is “an affirmation of goodness and a recognition that this goodness is sourced outside the self.” This doesn’t mean that life is perfect and peaceful, but when you look at life as a whole, gratitude encourages you to identify some amount of goodness and joy in your life. Dr. Robert Emmons

Research indicates that gratitude can lower blood pressure, improve immune function, reduce cardiac inflammation, increase happiness, improve relationships, and decrease depression. 

Dr. Robert Emmons, professor of psychology at the University of California, Davis, researcher, and author of the book Thanks! How the New Science of Gratitude Can Make You Happier, suggests that you “integrate gratitude into your daily life, rather than make it something you need to add to an already busy day”.

He recommends that you simply make it a point to notice opportunities that you can be thankful for and practice gratitude regularly.

Practicing gratitude can also make you better equipped to handle the difficulties of life that inevitably arise. In fact, according to Emmons, it’s an essential part of the process of healing from trauma. Even despair can be mitigated by the experience of appreciation for the good, however slight it might be.

Many survivors of the Holocaust, when asked to tell their stories, remember most strongly the feelings of gratitude for food, shelter, or clothing that was offered to them. This sense of thankfulness for the small blessings helped them maintain their humanity despite experiencing a horrific tragedy.

Additionally, many people with life-threatening illnesses also report decreased distress and increased positive emotions when they practice gratitude.

10 tips to fit gratitude in your life

Here are ten ways to become a more thankful person, according to Dr. Emmons:

  1. Every day, say aloud three good things that happened. It’s also extremely powerful to express gratitude aloud when you’re alone.
  2. Keep a gratitude journal. Jot down the small things from your day that mattered to you. If you’re having a particularly rough day, you can look back through the pages of accumulated blessings in your life.
  3. Say thanks to your partner. Couples who express gratitude toward one another set up a powerful feedback loop of intimacy and trust, where both partners feel as if their needs are being met.
  4. Cool a hot temper with a quick gratitude inventory. One of the quickest ways to dispel the energy of a stormy mood is to focus your attention on what’s good. So when you’re about to lash out at someone, take a moment to do a quick inventory of five things you’re thankful for in the moment. It will help you relax and avoid saying something you’ll later regret.
  5. Thank yourself. Gratitude doesn’t always need to be focused on what other people have done for you! Make sure you give yourself a thank-you for the healthy habits you’ve cultivated in your own life.
  6. Use technology to send three gratitude messages a week. Harness the power of this technology to send out some good vibes, such as a text or Facebook comment, to tell your friends why you appreciate them.
  7. Savor the good moments. If you notice you’re feeling happy, stop what you’re doing and pay attention for a few minutes. Notice exactly how you feel, including the sensations in your body and the thoughts you’re having. Later, when you’re trying to inspire gratitude, you can remember this moment and experience the benefits all over again.
  8. Check for silver linings. Even the most difficult life challenges come with some benefit—you just have to look to find them. Making a mistake teaches you a lesson. When things feel hard, ask yourself: What’s good here?
  9. Look outward, not inward. Robert Emmons says people are more likely to feel grateful when they put their focus on others, rather than getting caught up in their own inner narratives about how things should have gone. Empathy for others can trigger a sense of gratitude, and people who have an outward focus tend to experience stronger benefits.
  10. Change your perspective. If you struggle to come up with something to feel grateful for, put yourself in the shoes of someone who is experiencing misfortunes greater than your own. It will inspire gratitude for your own healthy body and circumstances, which you may have taken for granted otherwise.

It is vitally important to your health and overall emotional well being to cultivate a sense of gratitude in your life. Research confirms that gratitude effectively increases happiness and reduces depression.

References:

  1. https://www.takingcharge.csh.umn.edu/making-gratitude-part-everyday-life-tips-dr-robert-emmons
  2. https://www.takingcharge.csh.umn.edu/10-ways-be-more-thankful-person

Hope is a Way of Thinking…a Super Power

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Hope is a feeling of expectation, a desire or wish for a certain thing to happen.

According to psychologist and renowned hope researcher Charles R. Snyder et al. (1991) hope is a positive cognitive state based on a sense of successful goal-directed determination and planning to meet these goals.

“Hope is not an emotion; it’s a way of thinking or a cognitive process.” Brené Brown

In other words, hope is like a snap-shot of a person’s current goal-directed thinking, highlighting the motivated pursuit of goals and the expectation that those goals can be achieved.

Hope helps us remain committed to our goals and motivated to take action towards achieving. Hope gives people a reason to continue fighting and believing that their current circumstances will improve, despite the unpredictable nature of human existence.

As psychologist and renowned hope researcher Charles Snyder et al. (2002, p. 269) stated so eloquently:

A rainbow is a prism that sends shards of multicolored light in various directions. It lifts our spirits and makes us think of what is possible. Hope is the same – a personal rainbow of the mind.

While some approaches conceptualize hope in the realm of being, that is acknowledging hope during illness and within palliative care; Snyder et al (1991) emphasized the relevance of hope in the context of doing – that is the capacity to achieve goals.

According to Snyder’s Hope Theory (Snyder, Irving, & Anderson, 1991), hopefulness is a life-sustaining human strength comprised of three distinct but related components:

  1. Goals Thinking – the clear conceptualization of valuable goals.
  2. Pathways Thinking – the capacity to develop specific strategies to reach those goals.
  3. Agency Thinking – the ability to initiate and sustain the motivation for using those strategies.

Hope does not necessarily fade in the face of adversity; in fact hope often endures despite poverty, war and famine. While no one is exempt from experiencing challenging life events, hope fosters an orientation to life that allows a grounded and optimistic outlook even in the most challenging of circumstances.

Practicing optimism has much in common with hope. Both are concerned with a positive future orientation and both assume that good things will generally occur in one’s life.

The difference is that optimism is a positive attitude about a future event that is probable and likely to occur: the optimist expects that life will work out well and as expected (Scheier & Carver, 1993).

On the other hand, being hopeful is regarded as more realistic than optimistism.

The hopeful individual recognizes that life may not always work out as planned, yet maintains positive expectancy directed toward possible outcomes that hold personal significance (Miceli & Castelfranchi, 2002)

Hope is more than just a state of mind; it is an action-oriented strength.

References:

  1. https://positivepsychology.com/hope-therapy/

C.R. Snyder was a fellow of the APA in the divisions of teaching, social and personality, clinical, and health. He worked as the director of the Clinical Psychology Program at the University of Kansas and was  the editor of the Journal of Social and Clinical Psychology. Snyder passed away in 2006.

The biblical definition of hope is “confident expectation.” Hope means “a feeling of expectation and desire for a certain thing to happen” and it is a cognitive processes or way of thinking.

“Be joyful always; pray continually; give thanks in all circumstances, for this is God’s will for you in Christ Jesus.” ~ 1 Thessalonians 5:16–18 (NIV)