YouTube Link:
https://youtu.be/Vf6y3rn091A
Hello Friends! How do you overcome any setbacks in life? Today I talk about how to overcome financial setbacks with a simple 5 step process.
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-----Contents of this video-----------------------------------
0:00 - Intro
0:12 - #1 - Pause
0:41 - #2 - Be grateful for what you already have
2:17 - #3 - Give
3:28 - #4 - Analyze your finance
4:27 - #5 - Start all over again
5:01 - Summary
5:18 - Share, Like, Subscribe
5:28 - Watch this next
1. Pause - take a break
Realize this is a clue that you need to change something. Instead of seeing it as a punishment, as a curse, see it as a blessing. A sign that it is time to change.
Great things happen when you pause! You start seeing things that were always there, but you could not see them since you were so busy doing stuff.
2. Be grateful for what you already have
Not just grateful with your lips, but grateful with your heart.
There is something magical about being grateful. Before fully grasping this concept, I thought it was just something nice to say. When I started to be truly grateful for everything in my life, even the little things, I saw massive changes in my life. For example, one little thing that I am grateful for is having a toilet in my house as I grew up having a toilet outside. This may be a silly example, but my point here is that even when you think nothing is working right for you , you could still find things to be grateful for.
3. Give
You may say what are you talking about? I am struggling financially and you are telling me to give! You do not necessarily have to always give money, you could give your Time, Your Message, even money. You would be surprised how even a very small amount could make a big difference in someone’s life. Giving, like anything else in life, it comes back to you multiplied.
4. Analyze Your Finances - Become aware of what is causing the main problem
Is it you doing impulsive shopping? Is it you forgetting to make a payment on time?
The best way to know where everything is going is getting on a budget. You could use one of those software online that not only would create a budget for you, but would also analyze you past spendings and show you exactly where you are spending your money. I personally use Mint and I am really pleased with it.
5. Start all over
You are never stuck to any situation, you can always start all over again. Even if you think you messed up, that can be a good lesson for you, learn from it and move on. With a clean canvas, dream big, what do you want to accomplish in life, what do you want your legacy to be? What do you want to be remembered for?
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what were the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.