Modelling and its Role in our Financial and Eventual Wealth Creation Values
Once must consider the four steps in role modelling of our parents in the creation of our eventual wealth creations and financial value systems.
First there is awareness. Consider the ways of being and habits each of your parents had around money and wealth.
Next there is understanding. Consider and ponder how this had an influence on the creation of your values - financial and otherwise. Be truthful. Write this down. If it is not on paper it does not count.
Do not make up stories and fantasies . One extender of the truth , for example would make up tales in order to sell financial insturments , such as mutual funds = ” Growing up I was always fascinated by wealth ….. we lived …. vacations once a year …… and yet others….. whiskey every week….. and yet my father’s income was the same….. this always fascinated me.” Nothing could be further from the truth. This individual is portraying the responsible financial skills of his parents when the opposite was more than true. In reality this person lived well beyond his means and indeed was proud of it - such as were the role model of his parents who did similarily.
Remember if your evaluation is not on paper it does not count.
Thirdly is disassociation. Can you see this way of being is only what you have learnt and is not you. You have a choice.
You can change your values - on the direction of the road of wealth and riches.
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