It’s what you learn after you know it all that counts – John Wooden
All my life I’ve been known to be self-disciplined in all areas of my life – especially on the financial side, however, this week saw me acting totally out of character, making a very unwise choice that could have cost me way more than I can afford to lose.
Thankfully my sister Find her here helped me put my life back into perspective which saved me from this cloud of darkness which descended on me in an instant when I least expected it.
When you think about self-discipline, what comes to mind? For me, self-discipline makes me think of willpower, controlled thoughts, pro-activeness, order, dedication, success, peace and control.
Self-discipline leads to success in every area of life. Successful people have strong willpower that withstands temptation. They have the willpower to relinquish short-term pleasures for long-term goals.
Those who lack self-discipline easily succumb to temptation, usually saying “Just this once, and never again”. They easily break their promises and commitments (to others and sometimes to themselves like in my case this past week) and destroy their own success (like I almost did). If we don’t discipline ourselves, life’s harsh lessons will do so for us. This is the law of action-reaction. Self-discipline requires us to keep control of our actions and to choose short-term discomfort over long-term failure.
During our short life on earth we receive three main types of education:
• Academic
• Professional
• Financial
How much self-discipline have you been able to exercise in your life regarding your financial status?
Have you been able to choose short-term discomfort over long-term failure?
Did you know that according to the Cash Flow Quadrant there are four types of people?
• Employee – has a job
• Self-employed – owns a job
• Business Owner – owns a business system
• Investor – makes money work for them
Which quadrant are you in right now?
Which quadrant do you desire to be in?
Identifying where you are in the Cash Flow Quadrant right now can be done by looking at where the bulk of your income comes from. What affects our Cash Flow Quadrant we decide to generate our income from is due to internal differences in our core values, interests, outlook, life stage etc.
Understanding the basics to the Cash Flow Quadrant will help you increase your Financial IQ. Changing quadrants is a life-changing experience and often requires a fundamental shift in ones core values in order for the change to come about.
How much do you need financially for this life?
Do you know your unique Financial Freedom number? Here’s how to find out:
Monthly expenses (income) for your current lifestyle multiplied by 12 months
This equals your total Annual Expenses
Annual Expenses divided by 0.08 equals your total Nett Worth
Your total Nett Worth is made up of your Assets minus your Liabilities
How many Assets do you have?
Remember: Assets create your Financial Freedom – not you!
No life grows great until it is disciplined. Practised every day, self-discipline leads to peace, order and stability. It is the bridge that takes us safely over the wild river of life, from our dreams on the one side of the river to success on the other side.
Let your greatest gratification be delayed gratification.
Awaken your potential knowing that everything you need is within you.
I like what you guys tend to be up too. Such clever work and coverage!
Keep up the very good works guys I’ve you guys to blogroll.
LikeLike
Does your wwebsite have a contact page? I’m having problems locating
it but, I’d like to send you an e-mail. I’ve got some recommendations for your blog you
might be interested in hearing. Either way, great website and I look forward to
seeing it develop over time.
LikeLike
Hi there
Yes, my website does have a contact page.
You can find my contact page here: https://africandream01.wordpress.com/contact-me/
Kind regards
LikeLike
Pingback: In Memory of Mom: Compassion and Support | africandream01
Pingback: In Memory of Mom: Life is a Journey | africandream01
Do you have any video of that? I’d love to find out more details.
LikeLike
It is in point of fact a great and helpful piece of info.
I’m satisfied that you just shared this useful information with
us. Please stay us up to date like this. Thank you for sharing.
LikeLike
Its like you read my mind! You seem to know so much
about this, like you wrote the book in it or something.
I think that you could do with a few pics to drive the message home
a bit, but instead of that, this is fantastic blog.
A fantastic read. I will certainly be back.
LikeLike
Great delivery. Outstanding arguments. Keep up the good effort.
LikeLike
Hello There. I found your blog using msn. This is a very
well written article. I’ll make sure to bookmark it and return to read more of your useful information. Thanks for the post.
I will definitely comeback.
LikeLike
I quite like reading through an article that will make men and women think.
Also, thank you for allowing for me to comment!
LikeLike
Hi there friends, good post and good urging commented here, I
am really enjoying by these.
LikeLike
When someone writes an post he/she keeps the thought of a user
in his/her brain that how a user can be aware of it.
Therefore that’s why this piece of writing is
perfect. Thanks!
LikeLike
I’m extremely inspired with your writing skills as neatly as with the
structure for your weblog. Is that this a paid subject or did you customize it your self?
Either way stay up the excellent high quality writing, it’s
rare to look a nice blog like this one today..
LikeLike
Hi, I log on to your blog on a regular basis. Your humoristic style is witty, keep doing what you’re doing!
LikeLike