087: Break Out of Your Money Zone (and Uninstall Negative Money Beliefs) Using 80/20 and 10X

Published: May 6, 2016, 9:10 p.m.

Important Quotes & Terms\n\n\n \tJeff Bezos: "Entrepreneurs must be willing to be misunderstood for long periods of time."\n \tLao Tzu:\xa0"The journey of 1000 miles begins with a single step"\n \tT. Harv Eker: one foot on the brake\n \tGrant Cardone: you must put 10X the amount of effort you think you had to put in to create that goal\n \tResources: positive\xa0affirmations about money\n \tResources: Socratic\xa0questions to\xa0change limiting beliefs into empowering beliefs\n\nReasons We Became Entrepreneurs\n\n \tResult: travel, retire, better house/car\n \tMore time for what matters\n \tBreak out of the daily grind\n \tFreedom\n \tControl\n \tLess stress, work\n \tBuild something undeniably great with your name on it\n \tCrack the code (or nut) using your intelligence\n \tHelp others to build their business, write a book, lose weight, etc. Change lives.\n \tGet the high score\n\nReasons You're Trapped in That Money Zone\n\n \tself-esteem (you think you're not smart enough or don't deserve it), too old or too young, fear of change, fear of losing friends, comparisons to your parents and friends\n \tscarcity mindset insetad of an abundance mindset\n \tit's hard to speed towards a brick wall: you tend to slow down when those bills get paid, instead you need 10\n \tproblem: what we resist persists\n\nQuick & Easy Solutions\n\n \tMeanings don't exist: any meanings or conclusions you come up with are in your own head. There is no absolute truth. Only many truths you have created.\n \tLocate the source: Write down the specific issues that are holding you back from making more money -- people, attitude, obligations\n \tCounter example: Find the exception that proves the rule: when were you productive? When did you have more money than you needed at the time?\n \tProvide real value for others\n \tCut out the negative people (and customers) in your life\n \tWrite down a daily metric for how you're doing (as in, money, sales, content created)\n \tWrite down issues to correct them\n\nSocratic Questions\n\n \tClarification: why do you say that?\n \tAssumption: what could we assume instead?\n \tEvidence: what's an example?\n \tPerspective: what would be an alternative?\n \tConsequences: how does it affect other things?\n \tMeaning:\xa0what does it mean and where does it come from?\n\nQuestions to Correct Mistaken Beliefs\n\n \tWhat's the evidence for this?\n \tDoes this ALWAYS hold true or has it ever been wrong?\n \tDoes this take the big picture into account, both positive and negative?\n \tAre you being fully objective? Where did this idea come from? Or is it only emotional?\n\nNegative Self Talk\n\n \tWorrier: anxiety. Worst case scenario, overestimate the bad, exaggerated images of that. What if? Change to: so what?\n \tCritic: self esteem. Judging. Ignores positive qualities and emphasizes the bad. I'm ok with the way I am.\n \tVictim: depression. Helpless, powerless, regret. Belief that nothing will change or is too difficult. One step at a time.\n \tPerfectionist: burnout. Says you should be working harder. Intolerant of mistakes and setbacks. It's ok to make mistakes.