Why do middle class families stay middle class? It is because they refuse to think of what will make them break out of the middle class mindset.
What is the middle class mindset?
It is something which stops you from dreaming of what you feel is beyond your present reach.
You always think of the next thing to get in life.
I recall families dreaming of having an air conditioner at home. Or , about having a car. These aren’t even worthy dreams of many given their potential. They ought to be thinking of far bigger goals.
When you set your sights on goals that are built on the vision of compounding, you start seeing life very differently.
I told a person who was reaching 1 crore that he could actually reach 20 crore easily. He must have almost fallen off his chair. But, i wanted him to believe in compounding and work towards creating an investment flywheel that compounds very actively for a long, long time.
The good news is that the personal investment flywheel once built keeps working for a very long time. The bad news is that most people fail to build that flywheel. Instead, they are always hitching rides from others on their flywheels, often hanging precariously on to others’ weaknesses.
The greater irony is that those who cannot break free from the middle class mindset are very successful in marketing their failing mindset to others. This is so ridiculous at many levels.
A middle class person must learn what it takes to break free from the middle class mindset, to liberate himself from the limiting thinking on personal finance and to work diligently to build a vision that can be realised in reasonable time.
Been thinking hard about this and will be coming out with something interesting.
Watch this space!
The question is not the debate performance. The question is if it was the first time Democrats knew about the physical and mental shortcomings. The debate mishap was what was seen. What about the unseen 4 years?
#JoeBiden2024#Trump2024#RepublicanParty#RNC
"I don't feel like I'm chasing anything now. I feel like I'm creating. That's kind of a mindset I have."
- Novak Djokovic
#NOLEFAM#novakdjokovic#Mindset
A core skill of emotional intelligence is observing feelings before internalizing them.
Emotions are messages from your past self to your present self. They're best interpreted by your future self.
Feelings don't define who you are. They reveal what you value right now.
@Vivek_Investor We elevate our players to 'God' status too quickly. India is a collection of highly paid super stars who rub shoulders with movie stars and politicians. Australia plays as a team with less importance to individual records and more importance to team strategy.
When you have an open mind, a challenge to your ideas isn’t an attack on you. It’s an opportunity to learn something new.
You don’t have to agree with someone's points to benefit from understanding their perspective.
Spirited debate clarifies assumptions and sharpens reasoning.
Competition
People talk about 'healthy' competition. That is the only kind. Competition is not jealousy, not envy, not comparative, not wishing ill for your competitor.
Competition is a benchmark, an example of what can be achieved.
Compete with yourself.