Pera Agad? Filipino Mindset on How to Earn Money?

The most popular Filipino mindset with regards to money is the get rich quick mentality.

That explains why lotto outlets are always full especially when the jackpot hits an all-time high.

But the get rich quick mindset often doesn’t lead us to a well-off life.

So.

What can we do in able to be successful and earn money?

According to James Clear the author of Atomic Habits which I am currently obsessed right now, check him out thru Youtube podcast or grab a copy of his book, rather than focusing on the goal, one should be focusing on the habits that precede the goal.

If successful and unsuccessful people share the same goals,

Then the goal cannot be what differentiates the winners from the losers. –James Clear

How can we build a habit that makes money?

For example;

My goal is to earn X amount of money thru the Philippine Stock Market.

Rather than picking a stock that I think that will increase in value fast, one should first be focusing on learning how each stock rises or loses its value.

This can be an everyday opportunity because gainers and losers in the stock market changes every day.

The habit of opening my account and analyzing each stock code will give me an invaluable insight regarding how the stock market works.

Ditching the possible earning that I will gain and dedicating months of studying the stock market without fail will give me the identity of being a stock market analyst.

Or if I am testing my strategies out and buying a small amount of lot size every time to prove my studies then I am gaining the identity of a stock market trader.

No single instance will transform your beliefs,

but as the votes build up,

so does your identity. – James Clear

This is why habits are crucial.

They cast repeated votes for being a type of person. –James Clear

That explains why a lot of successful people chooses their passion as a career, because no matter what the outcome will be or no matter if it will take years for them to become successful in that field, they are constant on doing that certain passion.

They make a habit of doing their passion consistently because they cannot turn away from it because they love their passion in the first place.

My take-away on how to make a habit that will make you successful and give you a lot of money?

·        Start now and set aside the goal

·        Focus first on the small habits that will turn you to your goal

·        Make a habit of writing if you want to be a writer

·        Have a specific time to do your habit every day

·        You will not see results instantly but make your writing* (*or any habit you choose) experience a rewarding one so it can fuel your desire to do it again and again

·        Continue on doing the habit anyway as they cast a vote on the type of person you wanted to become

That is it for now.

Thanks for reading all the way!

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