Daily Behaviors
The most important attitude for financial success is long term thinking. Successful businesses and business leaders think a long way into the future and they adjust their Daily Behaviors to assure they achieve their long term goals.
Harvard University did a study in the fifties and sixties. They studied the reasons for upward socio-economic mobility. They were looking for factors that would predict whether or not an individual or family was going to move upward and be wealthier in the future than in the present.
They studied factors like education, intelligence, being born into the right family, or having the right connections. In every case, they found individuals who had been born with every blessing in life who did poorly. They also found individuals who had been born or came to this country with no advantages at all who had been extremely successful. What was the distinguishing factor?
They finally determined there was only one key attitude that mattered. They called it “Time Perspective.” Time perspective refers to the amount of time we are willing to take into consideration when planning our day to day activities and when making important decisions in our life.
People with long time perspective invariably move up economically in the course of their lifetimes. When we spend weeks, months and years developing our skills and ability and expanding our experience in order to be successful, we have long time perspective. The average professional person has a time perspective of ten, fifteen and even twenty years.
Begin to see everything you are doing today is part of a long time continuum, at the end of which you are going to be financially independent. People with short time perspective think only about fun and pleasure in the short term. They have what economists call “The inability to delay gratification.” They have an irresistible tendency to spend every single penny they earn and everything they can borrow.
When we develop long time perspective, we develop the discipline to delay gratification and to save our money rather than spending it. The combination of long time perspective and delayed gratification puts us onto the high road to financial independence.
To develop the attitudes of the financially successful you must think long term about your financial life. Decide exactly how much you want to be worth five years, ten years and twenty years from today. Write it down. Make a plan. Take action on your plan every single day. Then develop the ability to delay gratification. Instead of buying something on impulse, put off buying decisions for a day, a week or even a month. Decide in advance to “think it over” before you buy anything. This will change the way you spend money almost immediately.
“Remember, Success is Always Within Reach”
#terryogburn #entrepreneur #Business #Business Development #Business Sales #business coach #business coaching
Harvard University did a study in the fifties and sixties. They studied the reasons for upward socio-economic mobility. They were looking for factors that would predict whether or not an individual or family was going to move upward and be wealthier in the future than in the present.
They studied factors like education, intelligence, being born into the right family, or having the right connections. In every case, they found individuals who had been born with every blessing in life who did poorly. They also found individuals who had been born or came to this country with no advantages at all who had been extremely successful. What was the distinguishing factor?
They finally determined there was only one key attitude that mattered. They called it “Time Perspective.” Time perspective refers to the amount of time we are willing to take into consideration when planning our day to day activities and when making important decisions in our life.
People with long time perspective invariably move up economically in the course of their lifetimes. When we spend weeks, months and years developing our skills and ability and expanding our experience in order to be successful, we have long time perspective. The average professional person has a time perspective of ten, fifteen and even twenty years.
Begin to see everything you are doing today is part of a long time continuum, at the end of which you are going to be financially independent. People with short time perspective think only about fun and pleasure in the short term. They have what economists call “The inability to delay gratification.” They have an irresistible tendency to spend every single penny they earn and everything they can borrow.
When we develop long time perspective, we develop the discipline to delay gratification and to save our money rather than spending it. The combination of long time perspective and delayed gratification puts us onto the high road to financial independence.
To develop the attitudes of the financially successful you must think long term about your financial life. Decide exactly how much you want to be worth five years, ten years and twenty years from today. Write it down. Make a plan. Take action on your plan every single day. Then develop the ability to delay gratification. Instead of buying something on impulse, put off buying decisions for a day, a week or even a month. Decide in advance to “think it over” before you buy anything. This will change the way you spend money almost immediately.
“Remember, Success is Always Within Reach”
#terryogburn #entrepreneur #Business #Business Development #Business Sales #business coach #business coaching