How to improve your wealth by just changing your identity
George Akerlof, a famous economist, in his book explained that how you see yourself plays a huge part in how much you earn, and indeed how much wealth you believe you deserve and gain eventually. So, how you see yourself is how you project yourself to others which forms your identity. So, you need to have supportive identities if you want to grow your wealth and retire early. This can be the easiest to change because what it requires is only YOU, nothing else.
People always think that they must have money first then they can do what they love to do such as retire early. After that, they will be rich. This is the wrong thought and contrary to the law of success. If one doesn’t think like the rich, he can’t even be able to attract and see the opportunities to grow his wealth. We first need to think like the rich, believing that we can retire early, then we will start behaving like the rich, after that, you will realize money starts coming in. It might sound magical but it really works that way. Things work best from inside out and not the other way.
It is like scoring good grade in school. We don’t first score good grade. We believe we are good students, and we behave like good student which we spend time reading and doing what a good student needs to do. And finally we have good grades.
It is also like building relationship with others. We first need to believe we are sociable, then we will act friendly, hence we are attracting more friends. If we think that we need more friends to become sociable, it can never work. If you think that we need to have money first for wealth, we can never be rich. This illustrates the importance of who we believe we are, which is our identity.
What are the identities that we need to install for early retirement? The quick way is start visualizing yourself have retired earlier, how would you think? How would you carry yourself? How would you act? Then act accordingly.
People who can retire early has multiple sources of income, they save and invest heavily. When you have such identities, you will slowly change your action. If your identity is a saver and investor, will you be saying investing in risky? Will you be asking how to save? No! because you already believe you are doing it. You would start to saving and investor straight away. This is the shortcut of changing behaviour. You won’t need strong motivation.
Change your identities, change your wealth destiny.
Watch the Youtube video here on this topic.
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