In these unpalatable economic times, it is convenient to blame one financial situation on the economy, especially when our timelines are continually flooded with the airs of negativity and gloom. While it might be impossible to have control over national economy or global economy, however what is possible is our ability to control our personal economy and improve same.
Controlling your own personal economy means you’re no longer being at the mercy of the swings of the national or global economy, the rate of unemployment, or which party is in office, PDP or APC, it doesn’t matter. You don’t need to be a financial whiz or expert in personal finance to improve your financial situation. And you don’t need to make dramatic changes, either.
The most critical aspect of improving one’s financial health is to uncover, challenge, and change self-defeating money scripts. Money scripts are often unconscious beliefs about money, which we learned in childhood. In other words, each of us has a unique relationship with money, and understanding that relationship is key to improving it.
Regardless of what is going on around you, your focus must be on how to create your own personal economy that’s not tied to current reality or situation. Don’t wait for someone to tell you that things are good or bad. There’s always an opportunity for you to take charge of your life and personal finance.
Here is how to create massive expansion in your personal economy;
Increase your thinking.
Don’t think small. Think bigger. The bigger the problem the more money is available.
Reduce your time.
Shrink the time down to accomplish your targets. Don’t waste Friday, Saturday, or Sunday drinking with your friends and unproductive”owanbe”.
Fill your pipeline.
Keep your calendar full. Don’t bet on one deal or client. Have so many appointments and clients on your list that one won’t make or break your success.
Stay super focused.
There’s misinformation everywhere. Get rid of the junk and remove distractions. Don’t lose sight of what you need to do to reach your target.
Stack and pack
Get it. Keep it. Put it away. Generate as much income as you can and put it away to invest in income-producing assets.
To put it together, you have understand how income flows work. Most people rely on one flow of income like a salary. Salaries are a hammock — a place where you sit back and enjoy if it’s good enough. Sounds nice, but what do you do when something unexpected happens? Just like the ups and downs of the economy, you have to plan for the worst.
Look for ways to increase your main flow of income and build as many secondary flows that you can. When you’re looking to move from one flow to the next, make sure they are symbiotic and reinforce what you’re already doing. Too many people pay attention to a secondary flow and let go of the first one. Always protect your main flow and use it to fuel all others.
Just because things appear to be going well, you have to be prepared for the worst. If you have no money, don’t blame the economy. Get ready. Stay ready. Get working. Build up your personal economy to such massive levels that no economic event can take it away from you.