The brain manages your money. Caring for your brain determines how you care for your money. If you are not familiar with fundamental financial concepts and how the brain influences this, you need to read this article.
Here are seven principles on how the brain perceives the money. Each principle includes an exercise for the mind that is designed to make you think of the brain-money relationship.
The brain needs a gratitude practice!
The brain is always looking for immediate satisfaction. When it comes to earning money and raising wealth, immediate satisfaction is the enemy.
The appreciation of what you have, food, a roof above your head and clothes are especially strong when you realize that 80% of the world lives with less than $ 10 a day.
Practicing your gratitude makes you realize that you have almost everything you really need. As Benjamin Franklin said: "A saved money is a gain."
Book five minutes in the morning to write 2-3 things for which you are grateful. Remove the sheet, fold it and keep it in your pocket, wallet or purse. Whenever you feel stressed out of money, take out the sheet and read what you have written.
You have the control
While the brain may be relatively primitive, this piece of gray matter still takes clues from you. As such, it is essential to spend some time evaluating your strengths and weaknesses when it comes to generating wealth.
What are your attitudes, behaviors and fears that could overcome you in your efforts to make more money? Are you an impulse? Can you withstand a good deal? Do you prioritize saving?
Take your notes for the week.
Whenever you buy something, write down the name of the article in the "Need" or "Wish" category.
After that, recite what you wrote. How do you feel? Are you still happy that you bought those things? What changes do you make?
Money does not inspire your brain
What are your basic needs?
Human beings require four things: food, sex, shelter, and water. These are primary motivations.
Money is a secondary motivator and becomes more or less powerful depending on how you use it.
Fight too much to get second-round rewards - big house, beautiful car, fancy desk, etc. - can lead to a "overload of motivation", which can affect the brain.
Think of all the important purchases you've made in the past year. Stay 10-15 minutes to remind you as much as possible. Once you have listed everything, ask yourself the following questions:
- Do these things reflect my goals and values?
- Would I buy these things if I had a second chance?
Money must mean something
As I mentioned, the money itself is not a motivating force for the brain. However, contextualization of motivations - financial security, money management, money values, peace of mind, etc. - helps the brain to solidify the abstract connection between money and desires.
The brain gives priority to what you do and think about repeatedly. As such, personalizing money by setting goals and setting goals that are conducive to this goal can reinforce the brain's need for intellectual substance.
Notes the answer to the following questions:
- What is your purpose for which you want to earn more money?
- Are your money objectives consistent with this goal?
- What changes can you make (a) to increase the income you are currently earning and (b) Establish a basis for gaining more?
The brain may need a restart
You have conscious and unconscious views on everything that is related to money, including how someone makes money, how they manage money, how rich people behave, etc.
Direct and indirect cash experience shapes the financial outlook.
Do you think all rich people are greedy? Did your parents teach you how to handle money? What does the word "wealth" mean to you?
All of these things influence your attitude and, most importantly, your behavior towards money.
Read The Milionator Next Door by Thomas J. Stanley and William D. Danko. Stanley and Danko are teachers who discuss some of the most important habits (perhaps counterintuitive) of millionaires - education, hard work, discipline and simple life.
The brain is capable of stunning growth
As a human being, you can feel that it is almost impossible to reverse the banal customs, to learn about wealth, and so on. But this is not true.
Neuroscientists have discovered that throughout the life of the brain the brain continues to grow. This means that it is never too late to become what you want, to get what you want and make better decisions.
While brainwashing requires discipline, concentration and dedication, you can shape your attitudes, behaviors and actions in a way that leads to financial freedom!
Follows the TED discussion called "Highlighting the Plasticity of the Brain" by Dr. Michael Merzenich. In his presentation, Dr. Merzenich - a pioneer in neuroplasticity - explains how the brain is connected to learn new skills, for example, financial skills, at any age.
With regard to money, the brain can be friend or foe
To finish things, it's useful to understand and remember basic neuropsychology. You will notice that these concepts can be applied for almost any effort, including financial management, success and freedom.
- The brain is connected to any real or perceived threat.
- The brain can become lethargic and boring if it is not provoked.
- The brain will resist any efforts to change habits.
- You can effectively limit the response to the fear of the brain.
- The brain can learn new skills at any age.
- The brain can learn to prioritize reflection on impulsivity.
Save the above lists and recite them daily for the next 30 days. You will bring your strengths and brains to your consciousness, and then you will strengthen them by repeating, instructing your mind to work for you!
Lifestyle: Top 7 habits that train your brain to make more money!