Being rich has a lot to do with your habits and your mindset. Hence, having trouble inculcating new habits or learning new skills has a lot to do with what you believe about yourself. Sticking to goals, building better work-related habits, having the right growth mindset, are all crucial aspects for achieving success.
Growth mindset vs. fixed mindset
People either have a fixed mindset or a growth mindset. People with a fixed mindset believe that everyone has a certain fixed level of capabilities, competence, intelligence, work skills, etc and their mindset then begins to optimize what they have and show themselves as smart as possible and make the best of it.
People with growth mindset, on the contrary, believe in fluidity. They believe that everybody’s knowledge base, skills, intelligence and habits can be developed with conscious effort. So their mindset tells them that they can get smarter if they want to.
If you can understand the difference between the two mindsets, you would know that the latter obviously then opens themselves up for growth, vis-à-vis the former, who are trying to do their best with whatever they ‘believe’ they have.
How fixed mindset keep you from being rich
All of us are guilty of having fixed mindset in some circumstance or other in our lives. For example, if you believe that you are not made for a sales job profile, you keep telling yourself that ‘I am not the sales type.” As a result your mindset is to avoid all sales opportunities that come across. I am not saying that you need to shift to sales.
But if you understand me correctly, you would realize that sometimes you are guaranteeing yourself safety from short term failures, however restricting yourself from a long-term goal or success.
Are your beliefs holding you back from being rich?
High time to ask yourself this question. From my personal experience, I started asking myself this and slowly questioned all my beliefs and in the process changed my mindset from what I had towards what would make me rich in the long term. And as you all know, that actually worked.
So, question your beliefs with queries like the ones given below. I am sticking to the sales example that I used earlier, but you can now replace those with anything that is relevant to you in order to analyze yourself more and crosscheck your own beliefs…
It’s hard for me to work 7 days a week…
I am not good with sales…
I am not a natural
I am not smart…
I am a procrastinator…
…so on and so forth…
Success and wealth we desire and dream of
If you see closely, you will see that such beliefs all of us have about ourselves, and that is where we are going wrong. Our mindset which get created on the basis of beliefs like these are not growth mindset which would take us to the success and wealth we desire and dream of.
If you have a fixed mindset, your behaviours will be skewed towards avoiding the situations where you feel you will face short term failure.
So if you believe that you are not good with sales, and that is your fixed mindset, your behaviour and action will always be towards avoiding any sales opportunities that come your way.
So, questioning your beliefs helps in restructuring your mindset and thereby your behaviours or actions.
Can changing your actions, restructure your beliefs? Let’s see…
Changing actions to restructure beliefs
Let me give you an example from my life. So, when I just started my career, since I was from a small village and did not know good English I had a fixed mindset that ‘I am not good enough like these rich people’. With this fixed mindset, because I ‘knew’ that I wasn’t good enough, I tried to do my best or appear best as possible. It did not really get me anywhere.
After I started questioning these very beliefs of mine, my mindset changed and the growth mindset came in. I gradually started believing that ‘One can learn and internalize various skills’ and hence, my mindset changed towards the same.
When such opportunities came to me
Thereafter, I started looking for opportunities where I could meet more of such rich and successful people and could learn more from them. Naturally when such opportunities came to me I grabbed them. When I was selling home loans to rich people, my mindset by then had completely changed. I ‘knew’ I can learn hence I was eager to know how they went about, what they said, how they lived their lives.
I absorbed all of it like a sponge and in fact went beyond to actually interact with them from very close quarters and learnt more important stuff like what they thought about money, how they went about their business, what were their habits, etc, etc. In essence I was getting a glimpse of their mindset towards money and business which later played a major role in my journey towards self-discovery and success.