THE RELATIONSHIP BETWEEN OUR THOUGHTS AND FINANCIAL ADVANCEMENT

 A certain youth was invited for a financial literacy training and he inquired whether they would refund their transport. To this end I ask a question what is the importance of financial literacy? Financial literacy training is a vey wide concept that has life long implications for any person. The reason why some times we suffer in life is because we lack access to the right principles. So many books that I have read about money have emphasized thoughts as the major predeterminant of a successful and wealthy life. Once I understood that concept I embarked on a life journey to discover the secrets of wealth creation. What I have found out is that great wealth is hidden in books. Napoleon Hill in his famous book Think and Grow Rich opened the door for self development gurus to discover the routes of wealth creation. Ask yourself why the wealthiest people are great leaders. These include Bill Gates and Warren Buffet. In his life changing book called Think And Grow Rich : A Black Choice, Dr. Dennis Kimbro gives examples of so many black Americans who were born in poor families but became wealthy . These include Oprah Winfrey, Dr. Ben Carson and Dr. Washington Carver.

There is a lot of literature to support the notion that thoughts relate to financial advancement. For example Harv Eker in his book Secrets of a Millionaire Mind pointed out that each and every person has a financial blue print that determines his or her money habits. Dr. Steven Covey noted in his book The Seven Habits of Highly Effective People  that every thing begins with the end in mind. that means becoming wealthy starts in the mind. This is the same attribute that Scot Anderson noted in his book Think like a billionaire, Act like a billionaire. So if leading authorities agree that to change our thoughts can alter our financial decisions there is a reason to listen. 

Without exposure to financial literacy we have seen some people who fear banks. Without access to financial literacy training we have seen people who live beyond their means. Some people have lost their property to loan sharks because they lacked guidance from financial literacy practitioners. Many businesses have collapsed due to lack of advisory services.

All the above arguments are to support the idea that investment in life long learning about finances is likely to alter a person's financial choices to meet his or her set goals. 

HOW TO EMBRACE FINANCIAL LITERACY

1.Set clear financial goals

2.Associate with successful people

3.Join Masterminds

4. Invest in financial literacy training

5.Save as you earn

6.Live within your means

7.Set aside an emergency fund

8. Develop a budget

9. Track expenses

10.Celebrate your wins.

Mindset change is very critical in financial advancement. Many leading scholars on money have attributed change of financial habits to change in thoughts.

Phillip Kiryowa

Personal Finance Coach(CPC)

Advanced Empowerment Link

+256752615916

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