Your mind will stop you from moving forward more than anything else in this world.
Even if you have the right information but the wrong mindset, you most likely will not succeed.
If you have the right mindset, you can unlock the door to good health, wealth, and the riches that you can gain in life.
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A couple of weeks ago, my team and I held a free Stock Market Challenge where we broke down the first steps you need to take in order to succeed in the stock market.
And the first step, ladies and gentlemen, was breaking down the barriers of the mind and sharing the limiting beliefs that are holding you back from success.
I shared some of mine, and those in the challenge shared some of theirs.
LIMITING BELIEF #1 –
It has to be the right time and go perfectly
I am going to share one of mine that I had right before the Stock Market Challenge began.
I have a 9-month old daughter, and the week of the challenge our nanny moved away. We knew this day was coming, but unfortunately we hadn’t found another nanny yet.
The first thing I thought was: We have to cancel the Stock Market Challenge. How am I going to go live every day for 5 days, when we do not have someone to watch her?
She would have to go on live with me… she would be grabbing the microphone… disrupting the flow of everything… It would be unprofessional.
Let’s cancel.
Until I hit a point where I said… NOPE. We scheduled this week, we had everyone sign up for it, we have to move forward with it.
What ended up happening:
On Monday, if you were in the group you know, I had to have my daughter on with me live in the Stock Market Challenge group.
She was crawling on me and it was a little crazy… BUT we got through it.
People were taught the first message in the group, and baby Kayla became famous.
What I learned is:
Not everything in life is going to go perfectly.
In reading some of the comments for people’s limiting beliefs in the challenge, a lot of people spoke to the fact that it never is the right time.
“I’ll learn about the stock market when my kids are in college” or “I will start learning when I have enough money”
Even me: “I can’t pull off this Stock Market Challenge until we have a baby sitter”
It’s not until you draw a line in the sand and say:
It might not be perfect, it might be a little fussy, it might not be exactly how I wanted it to look, BUT THIS IS HAPPENING no matter what!
That is what I had to do. I needed to realize that I am a work-from-home dad and we lost our nanny. But no matter what, this Stock Market Challenge was happening.
Your mindset will shift once you make a decision to move forward no matter what.
The difference between those who are successful and those who are not is:
Successful people face the fear and do it anyway.
They know it won’t be pretty, maybe it won’t come out the way they wanted to, but they move forward anyway.
In the Challenge, we asked people to comment and share their limiting beliefs. I will keep their names anonymous, but I want you to ask yourself:
“Is this me? Do I believe this? Am I going to move forward anyway?”
As I go through some of them.
LIMITING BELIEF #2 –
Having the wrong fear & motivation
One of our challenge members said that their goal “is to live comfortably without having to go to work every day while still providing a legacy for the next generation of my family.”
On the one hand, they want to leave a LEGACY for their family… but on the other, they claim that they spend too much time working for money. As if that is the reason why you shouldn’t learn how to make money work for you.
They are saying that is the reason they can’t learn how to make their money work for them because they spend too much time working for it – but that should be the MOTIVATION.
That’s like walking up to a fire place and saying: “If you give me more heat, I’ll give you more wood”.
Um yeah… You can NOT produce more heat without the wood. So you are at a standstill.
This is a trick your brain will play on you.
The same person quoted above finishes by saying “I have a fear of losing money”.
The goal is to live comfortably, not go to work every day, and still provide a legacy.
YET the fear of losing money is STOPPING you from moving forward.
Wouldn’t you fear not leaving a legacy more?
Wouldn’t you fear not living comfortably more?
THAT SHOULD BE THE FEAR THAT MOTIVATES YOU.
I am sure many of you reading this think the same way… and this may be something that is holding you back from wealth.
You may have the fear of losing money – but you need to shift your mindset.
The fear that should matter is the fear that you may never learn to have your money work for you. That you may not leave a financial legacy for your family. The fear of not attaining your financial goals, whatever they may be.
LIMITING BELIEF #3
It isn’t possible for me
Another comment that was made said that his goal was to “make $10,000/month” but he doesn’t know how to accomplish it and “if it’s really possible for me”.
We can remove that first part – about not knowing how to accomplish it.
We got courses, coaching, and community over at Power Trades University, not to mention all the free education out there on YouTube.
The REAL issue is the mindset.
This person said: “I don’t know if it’s possible for me“.
Let me break it down this way:
When you’re single and out with your friends at the club…. maybe you see someone you want to talk to. If you think there is even a POSSIBILITY that they will dance with you, you risk rejection and go over there, introduce yourself, and offer to buy them a drink.
Because the reward is what? You dance with them to your favorite song or maybe they become your girlfriend and maybe possibly your wife one day.
When you think it’s NOT possible – you think that person is too pretty and they would never talk to someone like you, and then you make an excuse like the music is too loud or they aren’t your type, and you do nothing about it.
The real issue is that you don’t know if it’s possible.
With the stock market, I went through the same thing – I didn’t know if it was possible for me.
The people who were investing were smart – I didn’t know if I had what it took.
THEN
The best thing in the world happened to me.
I took $2K to a bank, and a year later I found out they lost $1,300 of my money – the best $1,300 I ever lost!
At the time I hated it.
BUT I realized – These people are human. They are wrong sometimes, too. They had a DEGREE to do this – and they lost my money!
For the first time, I stopped looking at people like they were superheroes. I stopped looking at people as if they were smarter than me.
If you want to go down this path, please do not let “I don’t know if it’s possible for me” stop you.
These “financial advisors” are human too. They are trying to figure it out, just like every body else, just like you.
It’s possible for you because it’s possible for someone else to lose your money.
Flip that limiting belief!
You definitely have a shot at doing this and getting it right.
LIMITING BELIEF #4
Small excuses knock out big goals
Another person who was in the Stock Market Challenge with us wrote that their goal is to “build a family legacy and leave generational wealth” for their kids.
But the limiting belief? “My time is consumed by my children’s schedule… and by work”
This person’s goal is to build a legacy and to teach their kids, but is consumed by their kid’s schedule.
What if you sat the kids down and told them that for just one year, they couldn’t be involved in as many sports or activities because you are going to take that year and learn about investing?
OR
How do you invite the children to be a part of the process? How do you invite them to be connected with you so they can learn about stocks and money?
Make it part of their past time instead of making it a part of the excuse.
Many people have powerful goals.
This person wants to leave a LEGACY and GENERATIONAL WEALTH.
But yet the excuse is that there isn’t enough time because of your kids’ schedule.
When your goals are that big – your excuse cannot be small.
You do not want to have to sit your kids down one day when they are grown up and explain the reason why they don’t have financial legacy is because their sport schedule was too busy. I know that may sound harsh – but get to the root of what really is holding you back.
The mind is a powerful thing.
LIMITING BELIEF #5
Not enough time
Another goal someone had in the challenge was to “pay off student debt and buy my dream house on the lake”
But their belief was that they “didn’t have enough time to invest”.
If I were having a conversation with this person I would ask them, “What do you have time to do?”
Because they clearly have time to get up and go to work every day. They have time to sleep, to watch the latest TV show.
What if you got up 1 hour earlier?
What if you stopped watching TV for a time?
We aren’t talking about an hour a sleep. We are talking about your dream lake house – and if that is what is standing in between your dream makes the difference, why wouldn’t you lose an hour a sleep?
Your mind is telling you that 1 hour of sleep is standing in your way.
I think that if each and every one of us wrote our goals next to our excuses, we would be blown away.
“That’s what’s stopping me from accomplishing my goals?? That’s it??”
I am so motivated and passionate about helping you break through that mind barrier.
Let’s do this..
Let’s shift your mind, get the knowledge, and accomplish your goals!
I’ve done it. I shifted my mind, I learned how to make the stock market work for me, I moved into my dream house on the lake, I am leaving financial legacy to my kids, AND YOU CAN TOO.
LIMITING BELIEF #6
Not being in the right community
One last goal mentioned by someone in the Challenge: “Pay off all my debt and have the ability to work wherever and whenever, stress-free”
The limiting belief? “Financial freedom … is only for those who are well connected. I have been taught to work for money”
If I think that financial freedom is only for those who are well connected, my thought process is: well, how do I get well connected?
For example, we have over 300 traders in our monthly program who are trying to achieve and are achieving their goals. You want connections? We are offering that.
Meet some new people and get around people who think differently.
I have friends who work for money and they’re good people – but I ALSO have another set of friends who think outside the box when it comes to money. They both keep me balanced.
They keep me humble, and the other set keeps me dreaming.
We all can allow our brains that there are REASONS why we can’t be successful right now.
This is a comfort blanket that keeps you from moving forward.
The power of community, courses, the internet, being able to make your money work for you from home…
There really is no excuse to reaching your goals EXCEPT what’s between your two ears.
My challenge to YOU is:
This week, look at your goals and look at your limiting beliefs and then draw a line in the sand and say “I am moving forward anyway – I am taking imperfect ACTION”
We have nearly half of the year still left! I can’t wait to see what your life will look like by the end of it.