Wednesday, 16 April 2008

It all makes sense

I swear I was going to stop talking about money today but something Amel said resonates with the "financial blueprint" theory which I must elaborate.

Have you noticed how some people have a lot of money and then lose it, or have excellent opportunities start well but then go sour on them? On the outside, it looks like bad luck, a downturn or lousy partners. The truth is, if you come into big money when you're not ready for it on the inside, chances are your wealth will be short-lived.

That's why most lottery winners, regardless of the size of their winnings, eventually return to their original financial state, the amount they can comfortably handle. On the other hand, when self-made millionaires lose their money, they usually have it back within a relatively short time.

That's because when millionaires lose their money, they don't lose their most important ingredient to their success - their millionaire mind!

You may not realise it but what you see, hear or experience when you were young affects your money blueprint.

Growing up, what did you hear about money? Money is the root of all evil, filty rich, money doesn't grow on trees, money doesn't buy happiness?

The reason why Amel thinks money can't buy happiness is revealed in her comments yesterday. Having seen how mercenary and manipulative some of the rich folks in her neighbourhood were when she was young makes her think money is evil.

Verbal conditioning is just as powerful. In my household, mum thinks that anyone who drives a nice big car is boastful or a showoff. Growing up, I used to tell myself, even if I can well afford it in future, I will never buy an expensive car.

My ex loves driving nice continental cars, doesn't matter if he can afford it or not. That always made me feel uneasy. Of course when we first met, he was riding a rickety motorbike and I was driving an old Toyota van. When we finally broke up, I sold off our BMW and got a Mazda. I felt it finally reflected my humble self. I'm now driving a Toyota but I've looked at him change from an Alfa Romeo to a Jaguar to a spanking new BMW with disdain.

That, compounded with my mom's conditioning only makes me more determined to NEVER buy a big car and be a big showoff!

Mum's brother is a classic example of a self-made millionaire who lost everything in the stock market but risen again fairly quickly. I see him as an inspiration but mom thinks he's a reckless gambler. While most people simply collapse when faced with bankruptcy, my uncle rolled up his sleeves, put his family up in a rental house and rebuilt his construction business from scratch. Today his company is back to making millions. Finally, he can retire in comfort.

I've always been contented with just having enough, as long as I am able to bring my kids up without hardship. But looking at the deteriorating health of my mother made me realise that if I were in that same state tomorrow, who can I rely on to care for me and my young ones?

I hailed a cab from the airport the other day. The old driver kept getting lost. Feeling a little embarrassed, he explained that he only started driving a cab 2 weeks ago. Speaking excellent English, he confided that he had no choice but after retiring for several years, he's running out of money.

I could end up in a similar situation if I don't start planning now. But first, I must dig out the toxic weeds from my inner financial garden, then I can be innundated with more fruits.

It may seem a little strange but when you really understand how the financial blueprint works, it makes perfect sense.

Your subsconscious conditioning determines your thinking. Your thinking determines your decisions, and your decisions determine your actions, which eventually determines your outcomes.


Amel's Realm said...

What a powerful post, Blur! I feel "freer" somehow after realizing what had made a great impact on me in the past. Still need to fix some things up, but you're right.

It's like when you think of positive things, more often than not, you welcome positive things and you see more positive things than negative things.

What you think subconsciously limits your POV or focuses your POV to a certain way.

And I did get pretty much verbal conditioning when I was young as to my aunt's situation from my Mom. Other than my aunt's experience, my uncle had a different yet similar experience, so my financial blueprint was written that way he he he he...

No wonder I DREAD the thought of wanting to be rich he he he he...Anyway, again THANKS for giving me the opportunity to dig up my past. So you see, don't stop writing, even though the topic may be "controversial" or whatever you call it. Who knows maybe someone can learn something crucial from it? ;-D

Blur Ting said...

I'm glad you learn something from my blog. :-)

When I read something that I find useful, I like to share the information with others. So there's no stopping me!

Nick Phillips said...

I've always worried about whether I can actually survived after I've retired and to be honest, I'm not really sure. It frightens me and I need to really look into surviving in the future ...

The World According to Me said...

Very interesting post Blur.

I’ve seen how money has affected people, made them greedy and money obsessed, to to the point where they constantly look down on others and think they are above everyone, even above the law.
I’m glad I have never been fixated on money, but I do wish I was in a better financial position, as lack of it can be worrying in this world. It’s not the most important thing in my life, but not worrying and stressing about the future is important to me! Am I making sense?!

Blur Ting said...

Yah Nick, I used to think that our folks didn't need to save so much in the past, why should we worry so much right?

Well, I know in my grandparents' case, they had many children. So when they were ill, everyone could chip in with the medical expenses.

Our parents probably are more educated and did some financial planning themselves but they have less children to rely on.

When it comes to our turn, we can't even think of relying on our kids. Many people don't even want to have kids!

Blur Ting said...

Hi World, again, it all boils down to the personality of these people. They already have these nasty traits in them and having money just bring out the worstin them.

Faizal said...

Hi there, just dropping by to say Hello,

I found your blog from the Big Bang Master List.

Have a nice day.

La delirante said...

Interesting post Blur :) What a coincidence: my boss was just telling me about someone who had won millions of euros (lotery I guess) and he had not only lost everything but he is also in debt!