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Showing posts with label FIXED Income = FIXED Mindset. Show all posts
Showing posts with label FIXED Income = FIXED Mindset. Show all posts

Wednesday, November 22, 2023

FIXED Income = FIXED Mindset?

FIXED Income = FIXED Mindset?

Why are there more FIXED INCOME earners than VARIABLE INCOME earners in the world?  Simple answer.  Most of us belong to the FIXED Income = FIXED Mindset equation.   For the longest time, I'll admit that I was breathing IN and OUT with a FIXED MINDSET.  And when a variable gets into the situation, I shove it off away simply because I was happy with a FIXED MINDSETπŸ“—πŸ“™πŸ“˜

Problem here is that one common misconception in entrepreneurship is that you either have what it takes to be an entrepreneur OR you DON'T.  But studies have proven that in reality, entrepreneurial skills can be learned and strengthened like any other skill.  Do we have to be young, OR technical OR a college dropout❓❓❓

Studies have shown that the MINDSET, that ability and intelligence can be achieved through sheer effort and that equates to a GROWTH MINDSET.  And Experts say that someone with that GROWTH MINDSET views intelligence, abilities and talents as LEARNABLE and capable improvement through effort.  On the other hand, someone with a FIXED MINDSET views those same traits as inherently stable and unchangeable over time.  If you're an aspiring entrepreneur, obviously you need basic finance skills but with FIXED MINDSET, you'll say "I'VE NEVER BEEN GOOD IN MATH, I'M NOT CUT OUT TO RUN MY OWN BUSINESS".  With a GROWTH MINDSET, you'll say "I DON'T HAVE A BACKGROUND IN FINANCE BUT I CAN LEARN IT"πŸ’ŠπŸ’ŠπŸ’Š

Now, l let's lay down everything on the table so that we would know whether the GROWTH MINDSET really needs some hard-selling.  So why GROWTH MINDSET?  Primero, it will position us to move into new fields, when needed OR when an opportunity arises.  Bluntly we got to INVEST in ourselves✅✅✅

Segundo, the GROWTH MINDSET has been proven over time to be one of the best way for us to foster our RESILIENCE, that capacity to recover and move through difficult situations, that has always been deemed as damn critical in the entrepreneurial world.  When challenges, setbacks, and failures inevitably arise, your business's survival depends on our own ability to persevere and learn from difficult situations.  We want to dump away that FIXED MINDSET which can prevent us from learning our own mistakes while a GROWTH MINDSET can empower us to perceive mistakes as learning opportunities.  FIXED INCOME = FIXED MINDSET❓❓❓

Straight from my thought processes...

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