There are really three types of money decisions we can make. There are the decisions we make based on our past. There are the choices we make based on where we are right now. And then there are the financial decisions we make based on where we want to be.
If we’ve had a financial failure in the past – or even if we grew up in households where there was constant lack or financial fear – we may well find ourselves making decisions that have nothing to do with our present or future. Instead, all of our financial decisions – saving money, investing money, spending money – are designed to keep us safe from repeating our past. We constantly prepare for financial disaster. We squirrel away money into savings, designed to keep us “safe.” We stay in jobs. Of course, this means our past is constantly in our present. We allow the past to control us and shapesour lives today, even though … it’s over.
Most commonly, I find people make financial decisions based on where they are right now. They contemplate an investment in themselves or their business and think about what they can afford right now.
That seems sensible, right?
We shouldn’t spend money we don’t have. We shouldn’t live beyond our means. We shouldn’t take too many risks with our finances.
Unfortunately, when we base our business investments on the money that we are making right now, our current income controls us. We are governed in our choices by our present-day abundance level, or lack thereof.
How can these choices EVER make us more money than what we are currently making?
See, our choices either perpetuate our current state, or propel us towards a new state.
If our choices are to propel us forward into new circumstances, we can’t make them from where we are.
We have to make those choices from WHERE WE WANT TO BE.
We literally have to think to ourselves: “Would the person I want to be in a year hesitate to invest this money in their business?”
When we make a money decision from where we want to be, we make a commitment to our financial future, rather than allowing our financial present to control us.
I so often hear people say: “I really want to work with you, but I just can’t afford it right now.”
Of course not! If you could actually afford to work with your mentor of choice, you wouldn’t actually NEED to work with your mentor of choice!
The best investments I have made in myself and my business – going all the way back to when I decided to put my massage therapy school tuition on my one credit card! – were about five times my monthly income.
In all cases, I didn’t actually HAVE the money. But I was absolutely committed to leveraging my investment so that I would not only repay the debt I incurred, but create a huge return on my investment.
It’s worked every time so far.
I’m not advocating unconscious debt. Unconscious debt is when we SPEND money that we don’t have, without a clue as to how we’ll repay that debt in the future. When I was nineteen, I incurred a lot of unconscious debt … armed with my first credit card, and with no clear understanding of how credit cards even worked, I shopped to make myself feel better. I shopped because I worked hard and I felt I deserved treats. But I had no clue how I was going to get myself out of that debt!
Conscious debt, on the other hand, is one of the greatest gifts we can give ourselves.
Conscious debt is not money spent – it is money INVESTED, with an absolute commitment to ourselves to not only repay the debt, but gain a return on that investment.
Conscious debt often commits us to our goals and dreams like nothing else. Conscious debt ensures that we actually implement what we learn … because we have to!
Money decisions made from the perspective of where we want to be burn the ships, lock the back door, leave us no way but forward.
It’s about absolute commitment.
Your money either controls you, or you control your money.
To your infinite abundance,