Author : Ritchie Hale
The importance of what you do and do not believe to be true is critical. What you believe affects what you achieve in your life. It does not matter whether you believe something to be true or false, either way you are right. What you believe will be true for you. Here are some examples:The Four Minute Mile - For ages it was a generally accepted belief that the human body was not capable of running a mile in under 4 minutes. Then one day (May 6, 1954) Roger Bannister ran the mile in 3 minutes 59.4 seconds. Interestingly some six weeks after that, John Landy ran a sub 4 minute mile. The belief existed that it couldn't be done. This mindset limited our capabilities. With the belief proven false, our capabilities changed. Right? Actually, humans were always capable of the 4 minute mile, we just did not believe it.You need money to invest in real estate - A commonly held belief but in reality, it is possible to buy real estate with none of your own money, never pay interest and do this all with a poor credit rating. Now if you believe this statement to be false, then you will probably never find out if you can. If you think it to be true, you can discover how to do it.There are many limiting beliefs when it comes to money. Some common opinions are:• $100,000 is a lot of money• Money is the root of all evil• You need money to make money• Rich people aren't happy• Money doesn't make you happy• Money is not important• Money is scarce and difficult to getWe heard these statements when we were growing up and developing our beliefs. The reality of money is a bit different. For instance, what constitutes "a lot of money" is taught to us. We are told what the average wage is, with the assumption that the average should be sufficient and more than this is a lot. Each of us needs to ascertain what a lot of money is and not allow it to be defined for us.How do you feel about these beliefs?• Money is an inanimate object, neither good nor evil• You don't need any of your own money to make money• Rich people are just as happy as poor people• Money might not make you happy, but it sure helps• Money is right up there with oxygen in today's world• There is an abundance of money and if you take an abundance for yourself, there is still abundance out thereHolding limiting beliefs about money ensures money takes on those qualities. If you have a different opinion of money, you will take on those ideas. Which set of beliefs do you think will get you where you really want to go?Beliefs influence our lives and therefore are probably the most important element of our thinking. Do you control what you believe? Or have you allowed others to implant their beliefs in you? The unfortunate reality is most of what we believe has been taught to us by other people - our parents, peers, friends and teachers. Although done with the best intentions, what they achieved was to establish limitations on our lives. This unfortunately is a harsh truth.To achieve in your life you must manage and control your beliefs. You can do this by acquiring knowledge in topics that challenge you. Let us go back to the real estate question. Do you believe it is possible to buy property without using your own money? To find out, you need to invest in yourself by seeking the answers to the unknown - by getting educated. It is this knowledge that creates power. When armed with the knowledge you will see the probability and progress down the path of opportunity.The financial markets, equities, options, currency and derivatives always fascinated me. The message I had received from others was that options/derivative trading was risky and equity trading was the way to go. I followed this belief and started investing in equities.I continued to read with interest anything related to the financial markets and came across a document that suggested equity investing/trading could gain you 10 to 40% per year but was risky. On the other hand, option/derivative trading could generate returns of 100% per month and was safer. My belief of higher return = higher risk was being challenged. More research uncovered a different reality - people making 100% per month in options trading. The down side risk of this financial instrument was controllable and, furthermore, you made more money when the market went down that when it went up.I started on a path to find answers on how to accomplish it. Months later, my new belief was tested and confirmed.Before gaining certain knowledge of the financial markets, I had believed:High return is high risk.Equities are safe investment.Options are risky. After educating myself, I discovered:High return can be done with low risk.Equities go down as well as up.Options can be used to control risk.And options make money when the market goes down as well as up. If I had stayed with my initial beliefs, I would never have achieved what I desired. The journey was not easy and still today, I hear that options are risky. I now believe, "They are for those who don't understand them... but for those who do, they are safer than equities any day."A belief about something and the ability to achieve an outcome are separate. One takes thought, while the other takes action. Remember though with beliefs that limit, the action never occurs. You can believe whatever you want but it is the action or the inaction, on the basis of the belief, that creates the outcome. If you believe something that inhibits your progress, then the inclination is to do nothing in that area, as you have already decided it is not possible. Beliefs that are empowering tend to lead us to action, as we believe something is achievable.One of the keys to success is to recognise limiting beliefs and challenge them. You first need to do a "reality check". Look for confirmation that the belief is not true for all. The belief may be true for you at the moment, but if it is not true for all others, then it is not completely true. Secondly, allow the belief to be challenged. Seek education in the area you want to investigate. Be open to new ideas, new though... and success!Ritchie Hale is founder and owner of ELAH Group Pty Ltd. As a consultant he has shown large, global corporations how to gain leverage in the areas of Marketing and IT. As a personal coach he has turned small business owners and individuals in to goal getters. Ritchie is dedicated to helping small business owners grow their business. Visit him online at http://www.elahgroup.com.
Keyword : success,motivation,belief system,achievement, personal development,improvement,advice,self help
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