There are some people who seem to attract money and opportunities, and some people who work hard but never get ahead. Why is that? In this video we discuss the differences between viewing money from a position of weakness and a position of strength.
Ultimately money should not be the goal. Instead money is a tool to help you achieve what matters most to you.
Today we discuss “malleable mental accounting” and how our brain plays tricks on us to circumvent self-control. Put simply, we keep a mental savings account that we use to justify unnecessary purchases.
The best way we’ve found to combat this phenomenon is the pay yourself first system. That way any “savings” you come across can be spent without thinking about it, since your long term goals are being met.