Don’t Let a Financial Setback Defeat Your Mindset.
Deciding to adopt a wealth mindset is the first of many steps toward creating a wealth legacy. The second step is to take action. Both measures are critical but perhaps not the most important. The most crucial step toward a long-term wealth mindset is not allowing a setback to undo everything you’ve worked for.
When everything is going great, it can be easier to make a change. For example, consider weight management: You get out and exercise regularly, you become dedicated to going to the gym every single day then BOOM! Life will always throw you a curveball. You sprain and hurt your ankle and are forced to wear a cast for six weeks. Suddenly, your success is no longer as simple, if you don’t change your thoughts and actions, that setback could undo your weight loss success.
You may find that you are doing all the right things. You’ve…
✔Made a budget
✔Watched hours of financial videos
✔Are saving
✔Are spending responsibly
✔Are giving and being generous
Things appear to be going well, and you are proud of your efforts and believe you are on the right track. Then there’s a BOOM! Life throws you a curveball, and you find yourself in financial hardship. So, what are your plans?
Here are some dos and don’ts in the event of a financial setback:
Don’t
- Allow a setback to become obvious when things aren’t working
- Allow one issue to throw you off your path
- Allow a setback to get into your head, and forget that there is always a solution to every problem
Do
- Find someone to talk to about your problem
- Involve your family in problem-solving
- Recognize that all success and failure are temporary, and continue to do the next right thing.
Life has a way of sinking and flowing, and a healthy mindset allows both to coexist while not dragging you down when things get difficult. Making the correct decision always wins out in the long run. Doing the right thing is always the best policy, financially and otherwise. Don’t let a financial setback change your outlook. In the end, everything works out.
