In the past, I believed it could be a “Self-Help” book, while in fact what stops you from being rich are real points and inflections that make us think. Fact is, seemingly harmless thoughts can prove to be extremely harmful when the goal is to get rich and prosper.
Due to the coexistence with different cultures and customs, I can say that many people, especially in Brazil, have a certain fear in aiming for such more expressive results and stay in their comfort zone. These are ideas that are directly or indirectly related to money when dealing with concepts of wealth or their work and daily life.
However, I can safely say that the mere attitude of reflecting on these thoughts can already be a big step towards increasing your wealth in the medium and long term. To have a millionaire mindset, you don't have to be a millionaire.
It is quite the opposite, even when you have positive thoughts and visions that seek to add intrinsic values to society, you will have your capital/reward exchange, which is part of the modern capitalism in which we are inserted - I usually even say of the capitalism 2.0, due to the advance of cryptocurrencies and digital assets.
Thinking about it, in this special article, I decided to bring some reflections that I made with myself in the years 2013 to 2016 to change my future reality based on practice and change of thoughts that hold us at the bottom of the well.
“I can't buy this”
This statement is one of the most common, especially in Brazil due to the high tax burden included in the price of products (average of 18-32% of taxes that you carry on your back). However, telling yourself that a particular acquisition or investment is out of reach is realistic thinking, but one that can lead to accommodation in the long run. Don't worry, I'll explain better.
Instead of saying that sentence, in the book I read a while ago “Rich Dad Poor Dad” Kiyosaki suggests that she be adapted to: “How can I purchase this?“. The purpose of this shift in thinking is not to encourage consumption, but ways to make or save more money that make purchases fit within the budget.
“Tomorrow or the day after I do”
This claim is also classic. There's no denying that procrastination can be extremely harmful when it comes to money. There is no right time to start saving and investing, especially if the goal is to have a peaceful retirement. The earlier a financial investment is initiated, the greater its profitability, even if the volume of resources is initially limited.
Currently, in the national and international market there are several possibilities of investments today in the market with low initial contributions, there are no excuses not to start investing today. Some of the examples are: Direct Treasury, Stocks, Real Estate Funds and Cryptocurrencies. The system for buying and selling public securities accepts applications from 30 reais (investing in Treasury Direct is cheaper than going to the movies).
Even those who need to pay off debts before starting to invest can now focus efforts on expanding their knowledge of financial planning. In particular, to prevent this from happening again and you have problems with restriction of your name in credit protection agencies and also limitations on your life plans.
“Investing is only for the rich”
This thinking is quite wrong, on all levels. If you think that only the rich invest or are afraid to invest because you believe you will lose money, know that this is one of the biggest mistakes you are making! Investments are the best way to make money work and make it work for you. For this reason, start studying and see which investments can be your best friend and allies when making your gains multiply.
“Can I pay this purchase or the card in installments?”
Undoubtedly, splitting purchases is occasionally a common situation – especially in Brazil, due to the extremely low purchasing power. This becomes a problem, however, when it becomes a habit and you split even small purchases into smaller amounts. Installment exists to help you balance the budget, whether to buy a good with a down payment and install the remaining balance in installments, or investments.
Installments at any time can harm your financial life and you have a great chance of getting lost in the accounts, being able to get into debt from so much installment that you do. If you have this habit, stop right now, because those who do this can hardly organize themselves financially.
This custom also leads to a bigger problem: the loss of money due to the payment of interest on the revolving credit. Therefore, avoid installments as much as possible, try to buy only what you need and try to pay in cash. Who wins in this case and always are the banks and payment institutions. I usually say to close friends: "It's better to pay in cash so you don't lose sight".
“I'll wait for luck and buy capitalization”
Who has never heard that expression: “Being rich is a matter of luck”? I even remember reading an American study with a very interesting curiosity: the poorest people believe that to become rich they only need to rely on luck, it is not for nothing that they buy more capitalization bonds and sweepstakes with miraculous prizes. Of course, the same applies in Brazil, I would say even more here than in the United States.
I can say categorically: study and access to information make you free. And don't expect schools, colleges or traditional means to have this information with you. If you don't study, be it about your area, subjects that interest you or current topics, among others, you don't learn, you don't mentalize new ideas and you run the risk of becoming alienated and stuck in time.
Study a variety of subjects, especially entrepreneurship and finance. Learn from a variety of experts and get amazing insights from what you've learned. For this reason, I strongly recommend that you mainly seek financial education to learn how to use your money responsibly and make it pay off. Knowledge is never enough, as my wise grandfather would say.
And you, what did you think of the article? 🙂
