The Mind/Money Equation – Tips on Budgeting
The Mind/Money Equation – Tips on Budgeting
Do you believe in the relationship between the mind and money? If you are still in debt there’s a reason for that. Part of learning tips on budgeting is also learning how your mind plays a significant role in the financial results you are currently achieving. If you follow this one simple equation and you will be well on your way to training your brain for financial success.
When we think about money we rarely think about how the mind plays a role in our financial achievements. There is an equation for how results are achieved in general. Not just for money, but for any desired result. Here it is: (I go into greater detail in our new video product found through the link below)
(D) – P – T – B – A = Results
Each letter stands for the following:
Desire
P Programming
T Thoughts
B Beliefs
A Actions
So, your desires lead to your mental programming which leads to your thoughts which then create the belief which dictates the actions you take which will ultimately lead to your results. This is the key for tips on budgeting and mental programming. Lets look at each area in more detail:
Desire: Desire is the starting point for all achievement. It sounds so simple but you cannot change something if you do not desire to do so. For example: you need the desire to get out of debt and better yourself financially, BEFORE you try and take action to improve your situation. The opposite will only lead to failure.
Programming: Mental programming is basically how you communicate a thought to yourself. The most coming being self-speak. What you say when you talk to yourself will ultimately dictate how you think and what you focus on.
Thoughts: What you think about will determine what you believe. Albert Einstein says that: “Thought is the preview of life’s coming attractions.”
Belief: There is no question that your beliefs dictate what you do in life. Put it this way, you are not going to try to earn a million dollars if you don’t believe that you are worth it.
Action: The true genius in achievement comes from taking action. You will only take action if you have mastered the preceding bullet points. If you have mastered them, then taking action will only be natural because you believe it can happen.
Make sure you have this equation handy when you are in a rut. The key to achieving what you want lies in following the equation from the beginning, starting with desire. If you want to put these tips on budgeting to proper use, then it is important not to ignore the mind/money connection.
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I believe that you do need desire before you can embarq on sticking to a budget and getting out of debt. I would take this even further and say, once you have pinpointed your desire, you need to write detail goals that fit with that desire. The desire or goal needs to be specific and as descriptive as possible so you can envision it when the tough financial decisions come up.
Thanks for the comment.
I totally agree that it is just as important to create the steps towards your bigger goals. This way you always feel like you are making progress. It’s hard, if not impossible, to get from point A to Z without going through the rest of the points. The more focused you are with your goals, the more likely you will achieve them!
Wow, that’s kind of deep; had to read it a couple of times before I could grasp it better. Desire really does drive everything, and I could see how our internal programming from our life experience would drive what our next step is each time. Of course, me being me, I’m not sure that Action isn’t second, and that the other three aren’t more subsets of action, since all of them will determine what action you will take, or which action you want to train yourself to take.
Very thought provoking.
.-= Mitch´s last blog ..8 Weeks Of Gain For The Market =-.
Thanks for the comment.
We feel it’s always better to provide our readers some thought provoking material. Who wants to read about number crunching or facts and figures all of the time anyway.
Cheers!
There have been points in my life where I have really had to focus on saving. Thankfully I have had disciplined investing skills which have allowed me to have some financial freedom.