mentorship

Feb

2021

Change Your Poverty Mindset To Wealth Mindset

Reading Time: 4 minutes

Do you want to become wealthy? The key to wealth is to master the wealth mindset. The difference between the rich and poor has nothing to do with the amount of money that they have in the bank; rather, it is all about their mindset. Your mindset is your set of beliefs and attitudes about certain areas in your life. If money is your concern, then chances are you have symptoms of a poverty mindset. You need to be able to change your poverty mindset to wealth mindset.

Your first step towards financial prosperity is to break out from your poverty mindset. Having a poverty mindset is ruining your chances of success. It is not yet too late to change your life for the better. Once you have the correct mindset, you can slowly rise from whatever position you are in right now in your life.

Here are ways on how to change your poverty mindset to wealth mindset.

1. Have a Grateful Heart

Did you know that about 150,000 people die each day around the world? That number is even greater now that we are in the middle of the pandemic. The fact that you woke up this morning is already one big reason to be grateful for. I’m sure if you take a closer look in your life, you will find so many simple things to be grateful for,

Unfortunately, most people take their blessings for granted. Everyday life is full or worries, challenges and busyness. In the midst of all that pressure, it is very easy to forget to be grateful.

I remember a story told by preacher and best-selling author Bo Sanchez in one his weekly prayer gathering called The Feast.

A woman approached him complaining how everything is wrong with her life. Here is how Bo Sanchez replied.

Bo asked, “Do you have cancer?”. The woman replied saying “no, I don’t have cancer”.

Bo then asked, “Is your husband having an affair?”. The woman laughed saying “no, my husband is ugly. The only two persons in this world who likes him is her mother and me.”

Bo then asked, “Is your child a drug addict?”. By this time the woman was laughing, “no, Bo. My child is only three years old.”

The woman then proceeded to explain that she is having problems with her boss at work.

Then Bo answered by saying that “It is not true then that everything is wrong with your life. Only a small fraction of your life is not doing well.”

This story is a classic example of how a poverty mindset works. People who have poverty mindset focuses on the negative aspect of their life. In order to be happy and to grow, you need to focus on the positiv e. Be grateful to all the blessings in your life. Always start your day by thanking God for all His blessings. Be thankful also to the people around you have always been there for you.

2. Spend Time with People who have a Growth or Millionaire Mindset

Did you know that you are the average of the five people you spend the most time with? Your mindset is a product of your environment. If you have a poverty mindset, chances are the people around you have the same mindset. In order to grow, you need to get out of your circle. It does not mean ditching your old friends, it only means that you should spend more time with awesome positive people. If you spend too much time with negative people doing meaningless things, you will never get anywhere.

He who walks with wise men will be wise, but the companion of fools will be destroyed.
– Proverbs 13:20

3. Set Goals

When was the last time you set a goal for yourself? Setting goals will make you look at things in the long term rather than the short term. A millionaire mindset looks at things in the long term while a poverty mindset looks at things in the short term.

What you should do is to imagine yourself in the future living the life that you want. What will your spring day be like? Discover where you want to be in one, five, ten or even twenty years from now. Remember that success always starts with a vision. Then, write them all down in paper. Read them everyday in the morning to remind yourself of what you want to achieve or better yet, have a vision board. A vision board will inspire you and keep you motivated to achieve your dreams.

Setting goals is the first step to turning the invisible to the visible.
– Tony Robbins

4. Refrain from Speaking the Poverty Language

How many times have you said the following statements?

“I cannot afford it.”
“That is only for the rich, not for us.”
“We don’t have money.”
“I can’t do that.”

Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits.Watch your habits; they become character. Watch your character; it becomes your destiny.
– Lao Tzu

Be conscious of the words that come out of your mouth because your words are simply a manifestation of your thoughts or your subconscious mind. Speaking the poverty language indicates that you have a negative state of mind regarding your situation. If you want to get out of your situation, you need to get rid of the negative, only then can you change your future.

5. Educate Yourself

For most people, education ends the moment they graduate from college. If you are one of these people, this is probably one the biggest mistake that you can do in your life. Continuous learning is an essential strategy for your success. Education does not not necessarily mean that you need to go back to school to get your Masters or PHD. There are many ways to learn. You can attend training or seminars, read books or simply have a mentor.

For starters, do you have idols? Who among the successful people out there do you wish to become? Then, study those people. Study their lives, their values, their life strategies. Find out what they did in order to get to where they are now. Their stories will definitely inspire you.

By educating yourself, you are improving your skills. You need better skills to be more qualified and successful in whatever field you are in right now. For example, if financial freedom is your goal, have you studied about money and how it works? If not, how do you expect to gain financial freedom if you don’t spend time learning about money?

Continuous learning is the minimum requirement for success in any field.
– Brian Tracy

Follow the steps above and you will just wake up one day with a different mindset. However, this is not a one day to do list, it is something that you have to do on a daily basis.

Good luck!

First Published in Pinoy Smart Living on 09.04.2018

Feature Image by Alexas Fotos from Pexels

Dec

2020

Can Stock Options Trading Make You Rich?

Reading Time: 2 minutes

If you know what you are doing, yes, stock options trading can make you rich.

But if you are thinking that it is some form of a get rich quick scheme, then you are wrong. Sorry to disappoint you but there is no such thing.

Don’t fall for get rich quick schemes. It takes time and effort to build wealth properly.
– Dave Ramsey

Like any other investment vehicles, stock options trading carries its own degree of risk. When you invest in something, you are always exposing yourself to the uncertainty of the situation. There is always a chance that the result will not turn out to be the way you expect them to be. In fact, if you are not careful, you might end up losing a lot of money trading options.

The good news is that there is actually a way to minimize risk. But first, you must get rid of the get rich quick mindset. Success and wealth does not happen overnight. It takes a lot of time and effort. Once you realized this, then you are now ready to make your investment.

However, going into trading without knowledge is akin to gambling. It is no longer investing.

Without wisdom, gold is quickly lost by those who have it, but with wisdom, gold can be secured by those who have it not.
– George S. Clason

Financial literacy is always the first step in achieving your financial goals. Since stock options trading requires technical knowledge, it helps to have mentors that can teach you about stock options, especially for beginners.

Mentors are people who are experts in that particular field. Stock option trading mentors are seasoned traders. They have deep understanding, knowledge, skills and expertise on the trade. They don’t just make predictions. because they have used proven and tested strategies for years. Moreover, they read company profiles and financial statements, analyze data and study chart patterns. They use algorithmic trading programs and fundamental analysis. Then, they come up with sound and efficient strategies using the knowledge and information that they have.

Yes, you can read and study about stock options trading on your own. But having the guidance of mentors can make your journey towards wealth easier and faster.

Good luck!

Interested in knowing more about stock options trading? Register for a free webinar now.

Feature Image from Pixabay Images.

Jun

2020

Korean Dramas About Having a Support System

Reading Time: 5 minutes

The presence of a support group in your lives is an essential factor to success. Your support group will serve as your driving force for success. You need people who will believe in you when no else would and will stay by your side when all others left. If you are a Kdrama fan, you might want to check out some dramas about having a support group. These dramas illustrate the importance of having people around that served as the wind beneath the wings of the leads. Here are the list of Korean Dramas about having a support system for success:

1. Birth of a Beauty (2014)

Overweight and kind-hearted Sa Geum-Ran spent years being maltreated and abused by her in-laws while her husband had an affair. To make matters worse, his husband was the one who asked for a divorce. To get revenge, she underwent an extreme makeover. She worked together with Han Tae Hee as her life coach. Han Tae Hee is an heir to a large corporation who is suffering from a broken heart syndrome.

2. The Doctors (2016)

The Doctors is a medical drama about a troubled teenager Yoo Hye-jung. She changed her delinquent ways when she met her mentor, Dr. Hong Ji Hong. He is a neurosurgeon who played a major role in influencing the life of the heroine and transforming her from a troublesome youth to a compassionate and successful doctor.

3. Dr. Romantic I (2016) & II (2020)

Boo Yong-ju was once a famous doctor who gave it all up to live in a small town. There, he became Teacher Kim and served as mentors to young doctors who lost their way in their professions. He taught them skills. He also served as inspiration for them to remain righteous in their careers and not become doctors who merely aspire for fame, wealth and power.

4. I’m Not a Robot (2017)

The male lead, Kim Min-Kyu is a very rich man but lives in isolation because he has a severe allergy from human contacts. He becomes interested in a humanoid robotic project called Aji3. When the robot Aj3 malfunctioned on the scheduled demonstration, the inventor sent Jo Ji-ah to pretend and act like the robot. Through Aji3, the male lead was slowly able to overcome his mental and health issues and began trusting humans again.

5. It’s Okay, That’s Love (2014)

The drama is about two broken and flawed individuals who found each other and helped heal one another in the process. It is not your typical romantic comedy because it deals with mental health. A bestselling mystery novel writer and psychiatrist both have traumatic pasts. The story is all about their journey towards healing, love and acceptance.

6. Kill Me, Heal Me (2015)

Cha Do-Hyeon is a third generation billionaire who suffered from multiple personality disorder because of a traumatic childhood. He was able to regain control of his life, despite his seven different personalities through the help of Oh Ri-Jin, a first year psychiatric resident.

7. Protect the Boss (2011)

Protect the Boss is a workplace romantic comedy between a boss and his secretary. The boss, Cha Ji Heon, is an immature youngest son of a conglomerate. The male lead is the exact opposite of the strong, tough, independent and strong-minded female lead, Noh Eun-Sol the secretary. Trust and friendship were formed as two started working together. Because of Noh Eun-Sol’s support and belief in her boss; Cha Ji Heon finally got his act together, overcame with his fears and managed to prove himself worthy of becoming the successor of the business.

8. Reply 1988 (2016)

Reply 1988 is a story about five people who live in the same neighborhood and have been friends since childhood. It is a story of family, friendship, and dreams in life. It shows the ups and downs of their everyday lives and their journey towards happiness and success. The drama depicts the importance of having a support system around you, those people who will accept you for who you really are.

9. School 2013 (2012)

This is a teen drama that depicts the life, struggles and dilemmas of students. It is about friendship, growing up and having hope for the future. Kang Se Chan and Jung In Jae are school teachers in the story who have a class of tough teenagers. They are two teachers who greatly influenced the lives of the their students in more ways than one. They were able to help the students overcome their struggles and start dreaming of a better tomorrow.

10. The Secret Life of My Secretary (2019)

The Secret Life of My Secretary is about a cold boss who fired his overworked secretary despite her efficiency and his overly dependence on her. He ended up needing her help again when he lost his ability to recognize faces. Together, they solve the mysteries and challenges of the mobile media company and in their lives.

Feature Image by Helena Lopes from Pexels

Special thanks to Lyrie, Sher and Isabel, certified Kdrama fanatics, for making some of the recommendations.

Jun

2020

Things to Consider in Finding a Good Mentor

Reading Time: 3 minutes

You need a mentor to fast track your way to success. However, finding a good mentor is not that easy. You cannot just choose anybody that you like. There are some things that you need to consider first in finding a good mentor.

1. Define your Goals

First, ask yourself, what is it that you want? What do you want to achieve in life? Do you want to be successful in a specific field? Are you aiming for a healthy and sexy body? Do you want to be wealthy? What are your goals in life?

Your choice of mentor is highly dependent on what your goals are. Just because somebody is successful does not necessarily mean that that person is the best person to be your mentor. Your mentor’s achievements should be in line with what you want to achieve in life.

2. Be Specific

Once you have defined your goals, you should now look for someone who already achieved whatever it is that you want to achieve. Ask yourself, is there somebody whom you aspire to be like? Who is your role model?

You should not limit yourself to just one mentor. You can have as many as you deem necessary. For example, your wealth mentor may not necessarily be your health mentor. That’s why you need to be specific not just in identifying what you want but in identifying the people whom you think had achieved success in that particular aspect in their lives.

3. Look into Expertise

One of the things that you need to consider in finding a good mentor is his/her level of expertise on the subject. If you want to grow your finances, you need to look for people who know how to handle and grow their money. If you want to have a perfect body, you need to look for people who have perfect body themselves. You want to have a healthy relationship with your partner, you need to look for people who have been in a happy relationship for years. The point is, your mentor should be an expert in that particular field.

There are people who asked money advice from people who are in financial situations worst than them. In the same way, that there are people who asked relationship and marital advice from their single friends.

It is like this, if you want to learn how to play tennis, will you ask a person who doesn’t know how to play tennis to teach you? Of course not! You are going to look for a couch who is an expert in playing tennis. This should also be the case when it comes to finding mentors. Look for someone who has been that road before.

4. Build Authentic Relationships

The best place to look for a mentor is around you. Are there people around you whom you respect and admire? Are there people whom you look up to?

Once you have identified these people, make an effort to build authentic relationships with them. Attend social gatherings. Connect with these people. Keep in touch. These small interactions can help you build a genuine relationship with them. You cannot just simply approach a stranger to be your mentor. It is best that you establish a good personal relationship with them first.

5. Read

Although a personal relationship with a mentor is always better, books about and written by people whom you admire can also be a form of mentorship. Just like a real person, books also have the power to change your thinking and beliefs. Many people succeeded in changing the way they look at things simply by reading books. For instance, if you want to be successful and wealthy, read books about wealth and success.

This is especially useful if there are no people around you who are experts in that particular field that you want to excel to. There are tons of information available out there even in the internet about famous and successful people. Read about them. Learn from their stories and apply the lessons in your life.

If you are not the reading type of person, you can still watch videos of interviews or you can listen to podcasts. The point is the information is available out there.

Good luck in finding a good mentor!

Updated Version. First Published in Pinoy Smart Living in 06.28.2019.

Feature Image by Gerd Altmann from Pixabay Images.

Jun

2020

Why You Need a Mentor for Success

Reading Time: 2 minutes

Life is exciting. We all want to create and accomplish something that we can call our own – something that we can be proud of. However, the reality is it is not always easy. Life is hard. There will be many obstacles along the way. True, we can just try to navigate it on our own and learn from the process. That is one way of doing it. But, what if there is a shortcut?

Let’s look at it this way. Both the billionaire and the average worker have 24 hours a day. Do you think the billionaire works harder than the average worker? More than simply working hard, what differentiates the two is that the billionaire has learned to work smarter. That is why you need a mentor for success.

You see, there is that long road to success but there is a better way. It is shorter but it entails you to learn from someone else, someone who has already been there. Someone who is smarter than you and someone who can teach you everything you need to know in order to succeed. This someone is what you call a mentor.

Every great achiever is inspired by a great mentor.
– Lailah Gifty Akita

By definition, a mentor is an experienced and trusted adviser. A mentor is someone who can inspire you and guide you and is an expert in that particular field. A mentor can also help you go think through challenges in life. Having the guidance and support of a mentor will do wonders to your professional and personal life.

However, it is not that easy to receive advise from others. It is difficult to follow especially if we have our own ideas and ways in doing things. That is why in order to receive coaching, you must first be open to learning. You need to accept the fact that you don’t know everything. You need a mentor for success if you want your path to be easier and faster.

The only True Wisdom is in knowing you know nothing.
– Socrates

You need other people in order to succeed. Their expertise and resources will help you achieve your goals faster. Get help, support and feedback from mentors. That is how you become great.

If I have seen further than others, it is by standing on the shoulders of giants.
– Isaac Newton

First published in Pinoy Smart Living on 06142019

Image Credit Tumisu from Pixabay Images