Capacity to Have More Money
Take the current amount in your savings account and multiply it by 50. If you don’t have savings account use $5,000. Now imagine you really have that amount of money in your savings account? Ask yourself:
– Is that a lot of money?
– Could you save that much and if so how long would it take you?
– Are you worthy of having that much money?
– What would you do if you had that much money in your account?
One of the key principals to financial success is being able to have a lot of money. That may sound weird but a lot of people struggle to hold on to money. They worry that other life expenses will come up and they’ll have to spend it on those things. They aren’t comfortable having money in a savings account.
How can we increase our capacity to have more money? How can we become comfortable having $5,000 in our savings account?
First – imagine the money already being in your account. Get comfortable with that amount. Then when you get there you won’t be as tempted to run out and spend it.
Second – Look at your current thoughts. What do you think about having that kind of money? How does that affect your ability to keep it?
Capacity to Receive Gifts
Some people really struggle to receive gifts graciously. They may feel:
1) Obligated to get them a gift in return
2) They don’t want someone to burden themselves
3) They wish the gift would be given to someone else
4) They don’t need the gift
5) The gift comes with conditions attached to it
How can we receive a gift more graciously:
1) Acknowledge the intent – kind gesture
2) Appreciate it – will you enjoy it?
3) Thank sincerely – thank them, if you don’t care for the gift thank them for the thought
4) Don’t pressure yourself – The act of giving was never meant to create a sense of obligation or reciprocation.